In the highly competitive vendor landscape of the global integrated passive devices market, companies are investing more on mergers and acquisitions with the aim of expanding their product portfolios and geographical presence, observes Transparency Market Research in a recent report. Focus on research and development activities with the aim of introducing innovative products has also substantially increased in the market.

Some of the leading companies in the market are Texas Instruments, Qorvo, Inc., Murata Manufacturing Co., Ltd, NXP semiconductors, Broadcom, On Semiconductor Corporation, Taiwan Semiconductor Manufacturing Company Limited, Johanson Technology, Inc., STMicroelectronics, MACOM, and CTS Corporation.

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According to the report, the global integrated passive devices market is projected to expand at a CAGR of 10.72% during 2017 and 2025, rising to a valuation of US$1,646.6 mn by 2025.

Geographically, the market in North America was the topmost revenue generator in 2016, followed by Asia Pacific. These regional markets are expected to maintain their positions over the forecast period over the forecast period. The Asia Pacific market is expected to expand at highest CAGR from 2017 to 2025 owing to the thriving expansion of the semiconductor and electronics industries. Furthermore, the presence of several established players in the region is anticipated to fuel the growth of the integrated passive device market in the region.