The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for smartphones is likely to stimulate innovation in the manufacturing of integrated passive devices, propelling the market during the forecast period.

The global integrated passive devices market 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 global integrated passive device market size is expected to reach $2.38 billion in 2027 at a CAGR of 9.8%.

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Global Integrated Passive Devices Market Segments Include:

• By Material: Silicon, Glass, Other Materials
• By Passive Devices: Baluns, Filter, Couplers, Diplexers, Customized Integrated Passive Devices, Other Passive Devices
• By Packaging: Wire Bonding, Single In-Line Package (SIL), Quad Flat No Lead (QFN), Chip-Scale Package, Wafer Level Package, Other Packagings
• By Application: Electrostatic Discharge (ESD) Or Electromagnetic interference (EMI), RF Integrated Passive Device, Digital And Mixed Signals, Other Applications
• By End-Use: Consumer Electronics, Automotive, Communication, Aerospace And Defence, Healthcare And Life Sciences
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global integrated passive devices market in 2021.

Major Market Players in the integrated passive devices market include Infineion Technologies AG, STMicroelectronics N.V., Murata Manufacturing Co. Ltd., Johanson Technology Inc., OnChip Devices Inc., Global Communication Semiconductors LLC.

The primary trend gaining traction in the integrated passive devices market is technological improvement. To maintain their market position, major businesses in the integrated passive devices market are focusing on creating new technologies. For example, Qorvo, a US-based producer of novel RF solutions, will launch a high-performance n41 sub-Band 5G bulk acoustic wave (BAW) filter in September 2020. A high-performance BAW filter is distinguished by its low insertion loss, good out-of-band rejection, and tiny footprint. The Qorvo QPQ1298 filter delivers the increased frequency and bandwidth required to deliver 5G’s high data capacity in rural, suburban, and dense urban areas.

The Integrated Passive Devices Global Market Report 2023  provides a integrated passive devices market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The integrated passive devices market forecast analyzes integrated passive devices market size, integrated passive devices market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Integrated passive devices are passive circuit components that are totally integrated and put on a semiconducting substrate. They include resistors, inductors, and capacitors. It is used in a wide range of applications, including aerospace and defence, wireless communications, and test and measurement.

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