Global Integrated Passive Devices Market Size To Worth USD 2.45 Billion By 2033 | CAGR of 7.05%
Category: Semiconductors & ElectronicsGlobal Integrated Passive Devices Market Size To Worth USD 2.45 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Integrated Passive Devices Market Size is Expected to Grow from USD 1.24 Billion in 2023 to USD 2.45 Billion by 2033, at a CAGR of 7.05% during the forecast period 2023-2033.
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Browse key industry insights spread across 234 pages with 107 Market data tables and figures & charts from the report on the "Global Integrated Passive Devices Market Size, Share, and COVID-19 Impact Analysis, By Application (EMS & EMI Protection, Radio Frequency Protection, LED Lighting, and Digital & Mixed Signal), By End User (Automotive, Consumer Electronics, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/integrated-passive-devices-market
Electronic components known as integrated passive devices (IPDs) are made up of passive circuit components including resistors, capacitors, and inductors that are combined into a single package or on the same substrate. The purpose of these devices is to increase the overall efficiency and reliability of electronic circuits without saving space and lowering the number of discrete components. IPDs combine several passive components into one package, which helps to reduce the size of electrical circuits. The main factors driving the market's expansion are the growing need for 5G networks and the increased use of IPDs in consumer durables and other industries. The need for integrated passive devices is driven by the growing demand for consumer electronics, such as smartphones, tablets, and smart home appliances. The IPD market is growing as a result of government measures to increase semiconductor manufacturing capabilities. The growing need for smaller medical equipment and diagnostics is driving the use of integrated passive devices, which provide excellent performance and low power consumption in small forms that are appropriate for use in healthcare settings. However, the lengthy end-product design cycle restricts the IPD market's expansion.
The EMS & EMI protection segment is predicted to hold the largest market share through the forecast period.
Based on the application, the integrated passive devices market is classified into EMS & EMI protection, radio frequency protection, LED lighting, and digital & mixed-signal. Among these, the EMS & EMI protection segment is predicted to hold the largest market share through the forecast period. The use of passive components in mobile devices is responsible for EMS and EMI protection. They can assist in strengthening and decreasing signal loss.
The automotive segment is anticipated to hold the highest market share during the projected timeframe.
Based on the end user, the integrated passive devices market is divided into automotive, consumer electronics, healthcare, and others. Among these, the automotive segment is anticipated to hold the highest market share during the projected timeframe. IPDs are utilized in a variety of EV components, including power converters and battery management systems. The rising popularity of EVs aids to propel the automotive industry's expansion.
North America is estimated to hold the largest share of the integrated passive devices market over the forecast period.
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North America is estimated to hold the largest share of the integrated passive devices market over the forecast period. North America has a strong manufacturing infrastructure and a thriving semiconductor industry with large production facilities. IPD use has increased due to the ongoing development of semiconductor technology, which has significantly accelerated market expansion.
Asia Pacific is predicted to have the highest CAGR growth in the integrated passive devices market over the forecast period. The fast growth of the automotive and consumer electronics sectors in China led to a significant increase in the market growth for integrated passive devices. Further, the region’s huge industrial base and reduced production costs are responsible for driving market growth.
Major key players in the integrated passive devices market include STMicroelectronics, X-FAB Silicon Foundries SE, NXP Semiconductors, TSMC, Qorvo, Inc., CTS Corporation, Murata Manufacturing Co., Ltd., Infineon Technologies AG, MACOM, Broadcom, Johanson Technology, Inc., Texas Instruments Incorporated, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In February 2023, STM32WL wireless microcontrollers (MCUs), and STMicroelectronics announced nine RF integrated passive devices (RF IPDs) that incorporate antenna impedance-matching, balun, and harmonic-filter circuitry.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the integrated passive devices market based on the below-mentioned segments:
Global Integrated Passive Devices Market, By Application
- EMS & EMI Protection
- Radio Frequency Protection
- LED Lighting
- Digital & Mixed Signal
Global Integrated Passive Devices Market, By End User
- Automotive
- Consumer Electronics
- Healthcare
- Others
Global Integrated Passive Devices Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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