Global Integrated Passive Devices Market Size study & Forecast, by Application (EMS and EMI protection IPD, RF IPD, LED lighting, Digital & mixed-signal IPD), by End-use (Automotive, Consumer electronics, Healthcare, Others), and Regional Analysis, 2022-2

Global Integrated Passive Devices Market Size study & Forecast, by Application (EMS and EMI protection IPD, RF IPD, LED lighting, Digital & mixed-signal IPD), by End-use (Automotive, Consumer electronics, Healthcare, Others), and Regional Analysis, 2022-2029

Global Integrated Passive Devices Market is valued at approximately USD 1.70 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.70% over the forecast period 2022-2029. Passive components, such as capacitor, inductor, and resistor are combined to create an integrated passive device, which produces a highly dependable end-product. One of the key reasons propelling the growth of the integrated passive device market is the surge in IPD use in consumer durables throughout the globe. The growth of the market is accelerated by the increase in component miniaturization, which makes systems more dependable and compact owing to the creation of novel materials, sophisticated integration techniques, and the use of IPDs in RF applications. The development of practical manufacturing techniques like wafer fabrication to enable mass commercialization of these devices as well as the rise in demand for highly efficient and miniaturized electronic devices are further market drivers.

For instance, as per International Energy Agency, in 2021, EU member states agreed to phase out inefficient halogen and compact fluorescent bulbs by 2023, which would increase the adoption of LED drivers. Similarly, in 2022, government of the United States also plans to phase out incandescent light bulbs by 2023. The rapid technological advancements are creating lucrative growth opportunities for the Global Integrated Passive Devices Market over the forecast period. However, the high cost of Integrated Passive Devices stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Integrated Passive Devices Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. The market was dominated by the European continent. Key vendors like Infineon Technologies AG, STMicroelectronics, and IPDiA that create cutting-edge products based on efficient research and development are present in this region, which contributes to the growth. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as due to development of new technology and various application of integrated passive devices in various end-use such as automotive, healthcare and electronics.

Major market players included in this report are:
JCET Group Co., Ltd.
Semiconductor Components Industries, LLC
Infineon Technologies AG
Texas Instruments Incorporated
STMicroelectronics
Murata Manufacturing Co., Ltd
Johanson Technology
OnChip Devices, Inc.
Global Communication Semiconductors
LLC 3DiS Technologies.

Recent Developments in the Market:
 In May 2022, specifics of STMicroelectronics' partnership with Microsoft, an ST Authorized partner, to improve the security of developing Internet-of-Things (IoT) applications have been made public. Microsoft is a worldwide semiconductor leader servicing clients across the range of electronics applications.
 In August 2022, IPD chips for the latest Apple iPhones are outsourced and processed by TSMC (Taiwan Semiconductor Manufacturing Company) and Amkor Technology Inc., two of the major semiconductor industry vendors. Apple is anticipated to increase the use of IPDs (integrated passive devices) for the forecast period, their new iPhones, and other items. This is anticipated to present manufacturers with several potential to capture a sizable portion of the market, fueling expansion over the anticipated timeframe.

Global Integrated Passive Devices Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Application:
EMS and EMI protection IPD
RF IPD
LED lighting
Digital & mixed-signal IPD

By End-use:
Automotive
Consumer electronics
Healthcare
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

JCET Group Co., Ltd.
Semiconductor Components Industries, LLC
Infineon Technologies AG
Texas Instruments Incorporated
STMicroelectronics
Murata Manufacturing Co., Ltd
Johanson Technology
OnChip Devices, Inc.
Global Communication Semiconductors
LLC 3DiS Technologies.

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