The Integrated Passive Devices Global Market Report 2023, provides comprehensive information on the integrated passive devices market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Integrated Passive Devices Global Market Report 2023, the global integrated passive device market size is expected to grow from $1.48 billion in 2022 to $1.64 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global integrated passive device market size is expected to reach $2.38 billion in 2027 at a CAGR of 9.8%.
The increasing demand for smartphones is expected to boost the growth of the integrated passive devices market going forward. A smartphone refers to a portable electronic device that connects to the internet and cellular networks. The smartphone GPS tracking system needs an integrated passive device to track location and record information. Hence the increasing demand for smartphones will increase the demand for integrated passive devices. For instance, according to the Pew Research Center, a nonpartisan American think tank, the percentage of Americans who own a smartphone climbed from 81% in February 2019 to 85% in February 2021, which was just 35% a decade ago (in 2011). The Indian smartphone market also experienced a 10-fold increase from 14.5 million shipments in 2011 to 150 million in 2020, according to the India Brand Equity Foundation (IBEF). Therefore, increasing demand for smartphones is driving the growth of the integrated passive devices market.
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Technological advancement is the key trend gaining popularity in the integrated passive devices market. Major companies operating in the integrated passive devices market are focusing on developing new technologies to sustain their market position. For instance, in September 2020, Qorvo, a US-based provider of innovative RF solutions launched a high-performance n41 sub-Band 5G bulk acoustic wave (BAW) filter. The unique feature of a high-performance BAW filter is its low insertion loss and good out-of-band rejection combined with a small footprint. The Qorvo QPQ1298 filter provides the higher frequency and bandwidth necessary to deliver 5G’s high data capacity for rural, suburban, and dense urban locations.
The integrated passive devices market 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 Defence, Healthcare And Life Sciences
North America was the largest region in the integrated passive devices market in 2022.
Top Major Players
Infineion Technologies AG,
STMicroelectronics N.V.
Murata Manufacturing Co. Ltd.,
Johanson Technology Inc.,
OnChip Devices Inc.
The table of contents in TBRC’s integrated passive devices market report includes:
- Executive Summary
- Integrated Passive Devices Market Characteristics
- Integrated Passive Devices Market Trends And Strategies
- Integrated Passive Devices Market – Macro Economic Scenario
- Integrated Passive Devices Market Size And Growth
- Integrated Passive Devices Market Segmentation
- Integrated Passive Devices Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Integrated Passive Devices Market
- Integrated Passive Devices Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Integrated Passive Devices Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Integrated Passive Devices Market, Segmentation By Passive Devices, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Integrated Passive Devices Market, Segmentation By Packaging, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 48: Infineion Technologies AG Financial Performance
Table 49: STMicroelectronics N.V. Financial Performance
Table 50: Murata Manufacturing Co. Ltd. Financial Performance
Table 51: Johanson Technology Inc. Financial Performance
Table 52: OnChip Devices Inc. Financial Performance
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