Smartphone Boom Fuels Growth In Integrated Passive Devices Market: A Key Catalyst Accelerating Integrated Passive Devices Market Growth in 2025

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Integrated Passive Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a robust growth in the market size of integrated passive devices in the past few years. The market, which is projected to rise from $1.78 billion in 2024 to $1.92 billion in 2025, will increase at a compound annual growth rate (CAGR) of 8.1%. The notable growth during the historical period can be credited to the miniaturization of electronics, advancements in wireless technology, swift expansion in consumer electronics, and the increasing demand for enhanced performance along with cost and space efficiency.

Integrated Passive Devices Market Size Forecast: What's the Projected Valuation by 2029?
The market size of integrated passive devices is anticipated to witness significant growth in the coming years. The market is projected to reach $2.76 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.5%. Factors contributing to this growth in the forecast period include the expansion of the Internet of Things (IoT), advancements in smart home technologies, technological innovations in medical devices, heightened needs for connectivity, and a surge in demand for automotive electronics. The forecast period will also see major trends such as the emergence of wearable technology, the need for energy-efficient solutions, a move towards higher frequencies, and a focus on cost and space efficiency.

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What Are the Drivers Transforming the Integrated Passive Devices Market?
The growth of the integrated passive devices market is projected to benefit from the rising demand for smartphones. Smartphones, which are portable digital devices that can connect to the internet and mobile networks, require an integrated passive device for the GPS tracking system to report location and archive data. As a result, an uptick in smartphone usage will lead to a surge in integrated passive device demand. For example, the Consumer Technology Association (CTA), a US-based trade association for consumer technology firms, predicted in a January 2022 report that smartphone sales would hit 154.1 million units in 2022, a 3% jump from the 149.6 million units sold in the previous year. Consequently, the escalating requirement for smartphones acts as a catalyst for the expansion of the integrated passive devices market.

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What Trends Will Shape the Integrated Passive Devices Market Through 2029 and Beyond?
The surge in technological breakthroughs is the key trending phenomenon in the integrated passive devices market. Major players in this sector are bent on innovating new technologies to maintain their market stance. For example, X-FAB Silicon Foundries SE, a German manufacturing company for analog and mixed-signal integrated circuits, introduced the XIPD process, an integrated passive device (IPD) production competency in September 2023. This cutting-edge technology outrivals conventional surface-mount or discrete passive elements by considerably condensing the size of semiconductor devices, leading to tinier and denser electronic systems. By incorporating passive components directly onto the chip, the XIPD process can lower the aggregate cost of semiconductor production. The XIPD procedure uses X-FAB's XR013 130nm RF SOI process and is built on a tailored substrate with a thick copper metallization layer.

Which Segments in the Integrated Passive Devices Market Offer the Most Profit Potential?
The integrated passive devices market covered in this report is segmented -

1) By Material: Silicon, Glass, Other Materials
2) By Passive Devices: Baluns, Filter, Couplers, Diplexers, Customized Integrated Passive Devices, Other Passive Devices
3) By Packaging: Wire Bonding, Single In-Line Package (SIL), Quad Flat No Lead (QFN), Chip-Scale Package, Wafer Level Package, Other Packagings
4) By Application: Electrostatic Discharge (ESD) Or Electromagnetic Interference (EMI), RF Integrated Passive Device, Digital And Mixed Signals, Other Applications
5) By End-Use: Consumer Electronics, Automotive, Communication, Aerospace And Defense, Healthcare And Life Sciences

Subsegments:
1) By Silicon: Bulk Silicon, SOI (Silicon-On-Insulator)
2) By Glass: Borosilicate Glass, Silicate Glass
3) By Other Materials: Ceramic, Polymeric Materials, Metal-Based Materials

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Which Firms Dominate the Integrated Passive Devices Market by Market Share and Revenue in 2025?
Major companies operating in the integrated passive devices market include 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

Which Regions Offer the Highest Growth Potential in the Integrated Passive Devices Market?
North America was the largest region in the integrated passive device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the integrated passive devices market report during the forecast period. The regions covered in the integrated passive devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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