PUBLISHER: The Business Research Company | PRODUCT CODE: 1409536
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409536
“Integrated Passive Devices Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on integrated passive devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for integrated passive devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The integrated passive devices market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Integrated passive devices are components that are fully integrated and situated on a semiconductor substrate, encompassing passive circuit elements such as resistors, inductors, and capacitors. They find application in diverse fields such as aerospace and defense, wireless technology, and test and measurement.
The materials utilized in these integrated passive devices include silicon, glass, and other substances. Silicon, a metalloid element, exists in both brown noncrystalline and gray crystalline forms. The various passive devices include baluns, filters, couplers, diplexers, customized integrated passive devices, and others, which are packaged using wire bonding, single in-line package (SIL), quad flat no-lead (QFN), chip-scale package, wafer level package, and other packaging methods. These devices are employed for purposes such as electrostatic discharge (ESD) or electromagnetic interference (EMI), RF integrated passive devices, digital and mixed signals, and more. They are applied across diverse industries, including consumer electronics, automotive, communication, aerospace and defense, healthcare, and life sciences.
The integrated passive devices market research report is one of a series of new reports from The Business Research Company that provides integrated passive devices market statistics, including integrated passive devices industry global market size, regional shares, competitors with integrated passive devices market share, detailed integrated passive devices market segments, market trends, and opportunities, and any further data you may need to thrive in the integrated passive devices industry. This integrated passive devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The integrated passive devices market size has grown rapidly in recent years. It will grow from $1.63 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The expansion witnessed in the historical period can be ascribed to the miniaturization of electronics, advancements in wireless technology, the swift growth of consumer electronics, and the increasing demand for enhanced performance, cost efficiency, and space optimization.
The integrated passive devices market size is expected to see rapid growth in the next few years. It will grow to $2.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The anticipated growth in the forecast period can be attributed to the expansion of the Internet of Things (IoT), the proliferation of smart home technology, technological innovation in medical devices, heightened connectivity needs, and the demand for automotive electronics. Major trends expected in the forecast period encompass the emergence of wearable technology, a growing demand for energy-efficient solutions, a shift towards higher frequencies, and an emphasis on cost and space efficiency.
The integrated passive devices market is poised for growth, driven by the increasing demand for smartphones. Smartphones, portable electronic devices connecting to the internet and cellular networks, utilize integrated passive devices for GPS tracking systems, enhancing location tracking and data recording capabilities. The Consumer Technology Association reported an anticipated 3% increase in smartphone sales, reaching 154.1 million units in 2022, reinforcing the positive impact of rising smartphone demand on the integrated passive devices market.
The proliferation of 5G connections is another factor expected to fuel the integrated passive devices market. As the fifth generation of cellular network technology, 5G promises faster data speeds, lower latency, and increased capacity. Integrated passive devices play a crucial role in 5G connections, facilitating high-speed, low-latency, and high-capacity data transmission. OMDIA reported a substantial increase of 466 million global 5G subscriptions in 2022, with an estimated 5.9 billion subscriptions by 2027, underscoring the significant role of 5G connections in driving the integrated passive devices market.
Technological advancement emerges as a prominent trend in the integrated passive devices market, with major companies focusing on developing innovative technologies. X-FAB Silicon Foundries introduced the XIPD process, an integrated passive device (IPD) fabrication capability, offering advantages over traditional components by reducing semiconductor device size, leading to more compact electronic systems. The XIPD process, based on X-FAB's XR013 130nm RF SOI process, integrates passive components into the chip, contributing to reduced semiconductor manufacturing costs.
Companies in the integrated passive devices market are also concentrating on product innovation, such as RF-integrated passive devices (RF IPD), to gain a competitive edge. STMicroelectronics launched BALFHB-WL-01D3, an ultra-miniature balun utilizing IPD technology to optimize RF performance for STM32WL sub-GHz wireless microcontrollers. This RF IPD combines multiple passive components into a single package, enhancing the integration and performance of RF circuits.
In August 2021, Analog Devices Inc. strengthened its position in the high-performance analog semiconductor industry through the acquisition of Maxim Integrated Products Inc. This strategic move further solidifies Analog Devices Inc.'s capabilities, with Maxim Integrated Products Inc. contributing its expertise in designing and manufacturing analog and mixed-signal integrated circuits.
Major companies operating in the integrated passive devices market report are Infineion Technologies AG, STMicroelectronics N.V., Murata Manufacturing Co. Ltd., Johanson Technology Inc., OnChip Devices Inc., STATS ChipPAC Corp., ON Semiconductor Corp., Infineon AG, Global Communication Semiconductors, Advanced Furnace Systems, Broadcom Inc., Skyworks Solutions Inc., Texas Instruments Inc., Micron Technology 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., Token Electronics Industry Co. Ltd., Integrated Passive Component Technologies Corp., KEMET Corporation, Maxim Integrated Products Inc., Renesas Electronics Corporation .
North America was the largest region in the integrated passive device market in 2023. 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
The countries covered in the integrated passive devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The integrated passive devices market consists of sales of resistors, inductors, and spiral inductors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.