Press release
Integrated Passive Devices Market: Exploring Size, Growth and Key Driving Factors
Integrated Passive Devices Market Size
What Is The Projected Market Size Of The Global Integrated Passive Devices Market And Its Growth Rate?
The integrated passive devices market has displayed considerable growth and has the following projections:
• Market size in 2024: $1.78 billion
• Projected size in 2025: $1.95 billion, growing at a CAGR of 9.8%
• The market is expected to balloon to $2.87 billion by 2029, with a CAGR of 10.1%
These growth trends can be attributed to advances in wireless technology, the miniaturization of electronics, and the rapid expansion of consumer electronics and smart home technology.
What Is Driving The Growth In The Integrated Passive Devices Market?
The surge in smartphone use is set to spur the integrated passive devices market. Smartphones, the portable devices that connect to the internet and cellular networks, often require integrated passive devices for their GPS tracking system. Considering the increasing demand for smartphones, demand for integrated passive devices is expected to follow suit. The Consumer Technology Association (CTA) reported that smartphone sales were predicted to hit 154.1 million units in 2022, a 3% increase from 149.6 million units in 2021, boosting the integrated passive devices market in the process.
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Who Are the Key Players Driving Integrated Passive Devices Market Growth?
The integrated passive devices market is being propelled by several key players, including:
• Infineion Technologies AG
• STMicroelectronics N.V.
• Murata Manufacturing Co. Ltd.
• Johanson Technology Inc.
• OnChip Devices Inc.
• STATS ChipPAC Corp.
• ON Semiconductor Corp.
• Broadcom Inc.
• Skyworks Solutions Inc.
• Texas Instruments Inc.
• NXP Semiconductors NV
• Vishay Intertechnology Inc.
• TDK Corporation
• Taiyo Yuden Co. Ltd.
• AVX Corporation
• Samsung Electro-Mechanics Co. Ltd.
• Panasonic Corporation
• Yageo Corporation
• Walsin Technology Corporation
• Chilisin Electronics Corp.
• Coilcraft Inc.
• Pulse Electronics Corp.
• KEMET Corporation
• Renesas Electronics Corporation
What Are The Key Trends In The Integrated Passive Devices Market?
The emerging trends in the integrated passive devices market include:
• Emergence of wearable technology
• Demand for energy-efficient solutions
• Transition to higher frequencies
• Cost and space efficiency
Technological innovation in the integrated passive devices market is expected to contribute to its growth.
What Are The Segments Of The Global Integrated Passive Devices Market?
The integrated passive devices market can be categorized by:
1) Material: Silicon, Glass, Other Materials
2) Passive Devices: Baluns, Filter, Couplers, Diplexers, Customized Integrated Passive Devices, Other Passive Devices
3) Packaging: Wire Bonding, Single In-Line Package (SIL), Quad Flat No Lead (QFN), Chip-Scale Package, Wafer Level Package, Other Packagings
4) Application: Electrostatic Discharge (ESD) Or Electromagnetic Interference (EMI), RF Integrated Passive Device, Digital And Mixed Signals, Other Applications
5) End-Use: Consumer Electronics, Automotive, Communication, Aerospace And Defense, Healthcare And Life Sciences
Which Region Leads The Integrated Passive Devices Market?
North America was the largest region in the integrated passive devices market in 2024. Asia-Pacific is expected to emerge as the fastest-growing region during the forecast period. The integrated passive devices market report provides insights for Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Integrated Passive Devices Market Global Market Report?
- Market Size Analysis: Analyze the Integrated Passive Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Integrated Passive Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Integrated Passive Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Integrated Passive Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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