Global Integrated Passive Devices Market
Electrical And Electronics Manufacturing

Integrated Passive Devices Market Overview: Market Size, Major Drivers And Trends

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


The integrated passive devices market has seen rapid growth in recent years, with a projected CAGR of 10.6% from 2023 to 2024. This growth is attributed to several key factors:

  • Miniaturization in electronics
  • Advancements in wireless technology
  • Rapid expansion of consumer electronics
  • Demand for improved performance, cost, and space efficiency

Projected Growth and Trends

The market is poised for continued expansion, with a forecasted CAGR of 10.2% from 2024 to 2028. Factors driving this growth include:

  • Expansion of IoT and smart home technology
  • Technological innovation in medical devices
  • Increased connectivity needs
  • Demand for automotive electronics
  • Emerging trends like wearable technology and energy-efficient solutions


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Smartphone Boom Driving Demand

The surge in smartphone sales is a significant driver of integrated passive devices market growth:

  • Smartphones rely on integrated passive devices for functions like GPS tracking
  • Consumer Technology Association predicts a 3% increase in smartphone sales in 2022
  • Rising smartphone demand directly correlates with increased demand for integrated passive devices

Key Players in the Market

Several major companies dominate the integrated passive devices market:

  • Infineion Technologies AG
  • STMicroelectronics N.V.
  • Murata Manufacturing Co. Ltd.
  • Johanson Technology Inc.
  • OnChip Devices Inc.
  • STATS ChipPAC Corp.
  • ON Semiconductor Corp.
  • And many more

Technological Advancements

Innovation is driving market evolution, with companies developing new technologies to stay competitive:

  • X-FAB Silicon Foundries SE introduced the XIPD process, offering advantages in size reduction and cost-effectiveness
  • Analog Devices Inc.’s acquisition of Maxim Integrated Products Inc. strengthens its position in the analog semiconductor market

Market Segmentation

The integrated passive devices market is segmented based on:

  • Material (Silicon, Glass, Other Materials)
  • Passive Devices (Baluns, Filters, Couplers, etc.)
  • Packaging (Wire Bonding, QFN, Chip-Scale Package, etc.)
  • Application (ESD/EMI, RF IPD, Digital/Mixed Signals, etc.)
  • End-Use (Consumer Electronics, Automotive, Communication, etc.)

Regional Insights

  • North America led the market in 2023
  • Asia-Pacific is expected to experience the fastest growth during the forecast period


The integrated passive devices market is experiencing robust growth, driven by factors like smartphone demand, technological innovation, and expanding applications across various industries. As companies continue to invest in R&D and expand their product portfolios, the market is poised for further expansion, particularly in regions like Asia-Pacific.


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The Integrated Passive Devices Global Market Report 2024  provides an overview of the integrated passive devices market 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 and their market positions.


The Table Of Content For The Integrated Passive Devices Market Include:
1. Integrated Passive Devices Market Executive Summary
2. Integrated Passive Devices Market Segments
3. Integrated Passive Devices Market Size And Integrated Passive Devices Market Growth Rate
4. Key Integrated Passive Devices Market Trends
5. Major Integrated Passive Devices Market Drivers
25. Key Mergers And Acquisitions In The Integrated Passive Devices Market
26. Top Integrated Passive Devices Companies
27. Integrated Passive Devices Market Opportunities And Strategies
28. Integrated Passive Devices Market, Conclusions And Recommendations
29. Appendix


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