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The current business environment of the Integrated Passive Devices (IPD) market reflects the underlying dynamics and future directions of the industry. One major pattern is the increasing desire for compactness in electronic applications. Internet of Things (IoT) proliferation has made IPD markets have been some of the most significant trends. With an expanding ecosystem of connected devices, there is a growing demand for compact and reliable passive components. These requirements are met by IPDs that bring together different passive elements, such as resistors and capacitors, into a single integrated solution suitable for IoT applications.
Another significant trend influencing the IPD market is 5G technology developments. The rise in 5G network installations has led to increased demand for high-performance passive components. Semiconductor advances form one of the major factors driving changes in IPD manufacturing. Continuous fabrication process improvements facilitate the direct integration of passive components on semiconductor substrates, thereby eliminating separate items. These not only increase overall performance but also reduce costs, making them more appealing to a wider range of applications. With reference to the automotive industries as the main driver behind ipd trends, the other one is the growing need for small-sized and reliable passive devices among automakers who require advanced connectivity and ADAS systems.
The emergence of supply chain resilience and sustainability in the Integrated Passive Devices (IPD) market is another notable trend. Consequently, businesses are increasing their focus on resilient supply chains that can minimize disruptions, thus ensuring a steady flow of materials used to manufacture IPDs. Strategic collaborations and partnerships are also becoming popular among industry players, as observed in this study area. Collaborating with semiconductor manufacturers, technology providers, end-users, etc, enables these companies to enhance their capacities and hence extend their geographical scope. These include product customization/flexibility, which enables manufacturers to offer tailored solutions based on specific requirements from various application areas or industries. Customers can, therefore, get integrated passive devices that are designed specifically for their use, thereby making adoption much easier across varied sectors.
Integrated Passive Devices Market Highlights:
Global Integrated Passive Devices Market Overview:
Integrated Passive Devices Market Size was valued at USD 1.3 Billion in 2023. The Integrated Passive Devices market industry is projected to grow from USD 1.4 Billion in 2024 to USD 2.56 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 7.70% during the forecast period (2024 - 2032). Increased adoption of IPDs in the consumer's durables and other sectors and rising demand for the 5G network are the key market drivers enhancing the growth of market.
Source: The Secondary Research, Primary Research, MRFR Database, and Analyst Review
Integrated Passive Devices Market Trends
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The growing adoption of integrated passive devices in consumer durables is driving the market growth.
Market CAGR for integrated passive devices is being driven by the rising adoption of integrated passive devices in consumer durables. The advancement in IPDs using through-glass-via (TGV) substrate for high-frequency applications. The requirement for high-speed mobile communication is increasing substantially, and thus, there is growth in the implementation of the 5G networks. The IPD applications have strong penetration in the consumer and automotive electronics market, which helps to minimize the system costs of the manufacturers.
White goods are the biggest applications of IPD technology, having great penetration in the consumer electronics sector, including smartphones, portable media players, tablets, digital TVs & set-top boxes, and others. The demand for the miniaturization of these devices is consistently increasing, thus strengthening the demand for IPDs in the market. For instance, smartphones have experienced strong demand for these devices as many features need to be packed in a smaller package.
This maximized the utilization of IPD due to its several benefits offered like improved performance, reduced package footprint, enhanced reliability, and easy interconnection ability. Further, IPDs have an increasing application in automotive and consumer electronics, IoT, the healthcare sector, and LED products as it provides energy and performance efficiency, thus increasing the growth of the IPD market globally.
The inclusion of integrated passive devices that provides performance and efficiency has drastically increased the subscriptions in AI and 5G terminal devices, offering an opportunity for the growth of the market. The IPDs that are created using thin glass films are increasingly being adopted over IPDs that are developed using through-silicon via (TSV) substrate as the former has high thermal stability, high resistivity, low dielectric loss, and adjustable coefficient of thermal expansion.
Thus, the integrated passive devices market is expected to grow due to the advancement in IPDs using through-glass-via (TGV) substrate. The IPDs offering high stability in harsh conditions are suitable for 5G telecom equipment due to their high power. IPDs are largely being adopted in various applications like telecom base stations and other internet networking hardware due to their reliability and stability. Thus, driving the Integrated Passive Devices market revenue.
However, the high price of IPDs, when compared to other diverse components, is the major factor hampering the growth of the market. Further, the cycle time for the designing of products for RF tuning of IPDs is the main challenge and the factor limiting the growth of the integrated passive devices market throughout the forecast period.
Integrated Passive Devices Market Segment Insights:
Integrated Passive Devices Base Insights
The Integrated Passive Devices Market segmentation, based on base, includes Silicon and Non-Silicon. The non-silicon segment dominated the market, accounting for the largest market revenue attributed to its advantages, like low RF coupling and high resistivity to devices. During the process of manufacturing, the non-silicon water does not heat up as much as the other materials; all these features of the non-silicon devices boost the demand for this segment.
Figure 1: Integrated Passive Devices Market, by Base, 2022 & 2032 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database, and Analyst Review
Integrated Passive Devices Type Insights
The Integrated Passive Devices Market segmentation, based on type, includes ESD, EMI, RF IPD, and Others. The RF IPD segment dominates the market with the largest market share. The reasons can ascribe to the growing utilization of consumer electronics like notebooks, smartphones, tablets, and others such as game consoles, wearables, and other white goods; the smartphone is the major driving factor for the increasing market of the RF IPD segment. Further, the
Integrated Passive Devices Regional Insights
By region, the study gives market insights into the North America, Europe, Asia-Pacific, and the Rest of the World. The North American Integrated Passive Devices market area dominates the market because of the growing penetration of the Internet of Things (IoT), increase in investment in 5G communication, and spread of the semiconductor section in this region. Additionally, the increasing demand for IPDs in consumer durables is boosting the market growth of the integrated passive device industry in the North American region.
Further, the main countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.
Figure 2: Integrated Passive Devices Market SHARE BY REGION 2022 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Integrated Passive Devices market accounts for the second-largest market revenue due to the increase in the adoption of in-vehicle infotainment systems in the automotive section of this region. Further, the German Integrated Passive Devices market held the largest market share, and the UK Integrated Passive Devices market was the fastest-growing market in the European region.
The Asia-Pacific Integrated Passive Devices Market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to the increase in demand for portable medical equipment owing to the rising healthcare service cost. Moreover, China’s Integrated Passive Devices market held the largest market share, and the Indian Integrated Passive Devices market was the fastest-growing market in the Asia-Pacific region.
Integrated Passive Devices Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Integrated Passive Devices market grow even more. Market players are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, mergers and acquisitions, contractual agreements, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Integrated Passive Devices industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Integrated Passive Devices industry to benefit clients and increase the market sector. In recent years, the Integrated Passive Devices industry has offered some of the most significant advantages to the consumer electronics sector. Major players in the Integrated Passive Devices market, including CTS Corporation, SiTime Corporation, Apple Inc., Global Communication Semiconductors LLC, Maruta Manufacturing Co Ltd, ON Semiconductors, STMicroelectronics, Johnson Technology Inc, NXP Semiconductors, and others, are attempting to increase market demand by investing in research and development operations.
SiTime Corporation is the market leader in silicon MEMS timing, an analog and semiconductor company that is revolutionizing the timing market. It is a USA-based company that designs, manufactures, and markets silicon timing systems solutions for several industries like infrastructure, automotive, aerospace-defense, internet of things, consumer, and industrials. The company offers Stratum 3E DCOCXOs, MHz Oscillators, Programmable OCXOs, embedded resonators, and many others.
In October 2020, the company announced that it had entered the two bn US dollar precision resonator market with the ApexMEMS family of MHz resonators. These devices are the third-generation silicon MEMS technology o SiTime and are present in different MHz frequencies for high-volume electronics. The company's main applications include microcontrollers, Bluetooth wearables and wearables, and high-speed connectivity interfaces.
Apple Inc designs manufactures, and distributes tablets, smartphones, personal computers, and wearable devices. The company also provides software applications and related services, third-party digital content, and accessories. The product portfolio of the company includes iPad, iPhone, Mac, iPod, Apple Watch, and Apple TV. The company provides several consumer and professional software applications like iOS, iPadOS, and watchOS.
In August 2021, the company announced to include integrated passive devices (IPD) in 3nm 2022 iDevices to improve the battery size. Apple is anticipated to increase the adoption of IPDs in new iPhones and other iOS products in the future, offering strong business opportunities for manufacturing partners TSMC and Amkor Technology.
Key Companies in the Integrated Passive Devices market include
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CTS Corporation
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Apple Inc.
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Global Communication Semiconductors LLC
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Maruta Manufacturing Co Ltd
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ON Semiconductors
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STMicroelectronics
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Johnson Technology Inc
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NXP Semiconductors
Integrated Passive Devices Industry Developments
March 2022: KaraMD announced Pure Health Apple Cider Vinegar Gummies, a vegan gummy aimed to aid ketosis, digestion regulation, weight management, and encourage greater levels of energy.
February 2021: A passive starter kit was introduced by Murata Manufacturing Co Ltd to support the reference design of SmartBond ICs DA 14682 and DA 14683 for Dialog Semiconductor. This kit was developed for applications like accessories for home automation, smartphones, remote controllers, and different other kinds of sensor devices.
February 2017: STMicroelectronics broadened the flexibility of the STM32 Ecosystem by launching the STM32F722 Nucleo board and STM32F723 Discovery Kit. These kits can support creative demonstration with rich onboard features like MEMs microphones and sensors, a display, and an audio codec for user-interface development.
Integrated Passive Devices Market Segmentation:
Integrated Passive Devices Base Outlook
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Silicon
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Non-Silicon
Integrated Passive Devices Type Outlook
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ESD
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EMI
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RF IPD
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Others
Integrated Passive Devices Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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