According to a new report, published by KBV research, The Global Integrated Passive Devices Market size is expected to reach $3.6 billion by 2028, rising at a market growth of 10.9% CAGR during the forecast period.
The LED Lighting segment is exhibiting a CAGR of 11.5% during (2022 - 2028). It is due to the fact that it is increasingly being used in commercial applications like billboards, traffic lights, and glow signs. Low power consumption from LED lights makes the aforementioned application possible. The advantages of conventional lighting systems are eliminated by the silicon-incorporated IPD in LEDs, which results in low power consumption and long-lasting performance.
The Automotive segment is showcasing the Global Integrated Passive Devices Market by End-use in 2021 thereby, achieving a market value of $1.1 billion by 2028. The Electrostatic discharge/electromagnetic interference (ESD/EMI) Protection segment acquired the highest revenue share in the integrated passive device market in 2021. It is due to the adoption of these passive integrated components in mobile phones is a major driver of this market's expansion. Over the next nine years, it is anticipated that the EMS and EMI protection product segments would experience significant growth.
The Europe market dominated the Global Integrated Passive Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.2 billion by 2028.The North America market is exhibiting a CAGR of 10.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 11.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/integrated-passive-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of STMicroelectronics N.V., Infineon Technologies AG, Jiangsu Changjing Electronics Technology Co., Ltd., Amkor Technology, Inc., Taiwan Semiconductor Manufacturing Company Limited, ON Semiconductor Corporation, Murata Manufacturing Co., Ltd., Johanson Technology, Inc., and OnChip Devices, Inc.
By Application
By End User
By Geography
Companies Profiled
Unique Offerings 
