Integrated Passive Devices Market

Integrated Passive Devices Market Outlook

The global integrated passive devices market is predicted to rise at a CAGR of 10.3% during 2022-2032. The integrated passive devices market is estimated to reach US$ 3.23 Billion by 2032 from US$ 1.1 Billion in 2021.

Factors driving the growth of the integrated passive devices market include increased demand for integrated passive devices in consumer durables, integration of IPDs into RF applications, and rising need for miniaturised and high-performance electronic devices.

Furthermore, the rising implementation of entertainment and navigation capabilities in vehicles, such as global positioning system (GPS), is aiding integrated passive devices market expansion and escalated sales of integrated passive devices as well as increased demand for integrated passive devices.

Report Attributes	Details
(IPD) Market Value (2021)	US$ 1.1 Billion
Estimated Market Value (2022)	US$ 1.2 Billion
Projected Market Value (2032)	US$ 3.23 Billion
Global Growth Rate (2022-2032)	10.3%
Market Share of Top 5 Countries	U.S. U.K. China Japan India
Key Market Players	Texas Instruments Incorporated Qurvo, Inc. Murata Manufacturing Co. Ltd. NXP Semiconductors ON Semiconductors

Inductors are most often used in consumer electronics. Inductors are employed in a variety of complicated circuits for power supply, current management, and as a filter to shut off undesired frequencies. Inductors are in high demand for integrated passive devices in consumer items such as television sets, wearable gadgets, and computing equipment.

However, the emerging trend of connected and smart gadgets will see expanded circuitry, which will contribute to an increase in demand for integrated passive devices in the near future.

Rising functionality in the automotive sector is resulting in a greater number of motors and ECUs; however, the mounting area for applications is restricted. As a result, high-density mounting is becoming more popular, increasing demand for integrated passive devices such as small, power shunt resistors.

Electric cars have grown in popularity as a result of environmental and energy concerns.

Most electric vehicles use regenerative braking, which recovers energy lost while braking and restores it to the battery to considerably extend range, encouraging automotive suppliers to engage in the integrated passive devices industry under consideration.

What is the COVID-19 Impact on the Integrated Passive Devices Market?

The COVID-19 outbreak and its impact on passive electronic components reduced operating levels across the supply chain at the component and raw material manufacturing levels. This reflects a decrease in sales of integrated passive devices across various regions and nations. The Japanese merchants and related enterprises in the region, on the other hand, remained steady.

Due to the influence on supply-chain operations, the COVID-19 pandemic has impacted the semiconductor industry. Furthermore, it had suspended automobile production, which had slowed integrated passive devices market expansion. However, the integrated passive devices market is progressively rebounding and is anticipated to return to pre-COVID levels in the near future.

What are the Key Contributors to the Integrated Passive Devices Market?

White products are one of the most common applications of integrated passive devices technology. It has been noticed that integrated passive devices have a high penetration in the consumer electronics industry, which includes smartphones, tablets, portable media players, set-top boxes, and digital TVs, among other things.

Smartphones have seen a surge in popularity in recent years, and the requirement for various functionalities crammed into a compact form factor has given birth to integrated passive devices, therefore, escalating demand for integrated passive devices.

Wi-Fi, Bluetooth, GPS, near-field communication, and other functions are available on smartphones. Smartphones must support higher frequency bands in order to enable next-generation communication technologies, specifically 4G LTE (long-term evolution), which drives the demand for integrated passive devices and further miniaturised components.

This would promote the sales of integrated passive devices in consumer electronics since they provide cost-effective miniaturisation options.

What is the Factors Limiting the Growth of the Integrated Passive Devices Market?

The high cost of integrated passive devices in comparison to discrete components limits the growth of the integrated passive device market as well as sales of integrated passive devices and demand for integrated passive devices.

The long-term impact is projected to be minimal because leading companies in this sector are working hard to minimise the cost of integrated passive devices.

Low-cost production is critical for profit maximisation. Traditional printed circuit boards, on the other hand, are standardised for individual discrete components but not for integrated passive devices. When traditional PCBs are combined with integrated passive devices, they suffer additional costs. The cost ratio of a single discrete component to integrated passive devices (1.5 X 1.5) is one and one-third. This is mostly due to the commoditization and widespread use of discrete components.

What are the Key Trends in the Integrated Passive Devices Market?

5G is projected to be commercially available. It would be necessary to include integrated passive devices into goods like as baluns, filters, and diplexers in order to build 5G-compatible baluns, filters, and diplexers.

The integration of IPDs would aid in the reduction of the size and power consumption of telecom infrastructure items, boosting the sales of integrated passive devices and demand for integrated passive devices and integrated passive devices market in the next years as a whole, particularly in the telecom industry.

High-efficiency 5G IPD RF filters have been created by 3D Glass Solutions. The 5G market is expected to have 89 million subscriptions by 2022, which would provide an opportunity for the integrated passive devices market and sales of integrated passive devices together with demand for integrated passive devices to grow.

The United States, Japan, South Korea, the United Kingdom, Germany, and China are likely to install 5G technology, which will contribute to the growth of the integrated passive devices market in the next years.

Comparative View of Adjacent Integrated Passive Devices Market

Attributes	Integrated Passive Devices Market	Integrated Microwave Assembly Market	Integrated Cloud Management Platform Market
CAGR (2022-2032)	10.3%	6.8%	15.2%
Market Value (2026)	US$ 1.8 Billion	US$ 1.95 Billion	US$ 5.11 Billion
Growth Factor	Increased use of IPD in consumer durables	Military and defence spending is on the rise.	Hybrid cloud and multi-cloud strategies are becoming more popular.
Opportunity	The integration of IPDs will aid in the reduction of the size and power consumption of telecom infrastructure items, hence increasing the IPD market.	Gallium nitride (GaN) is increasingly being used in microwave modules.	COVID-19 is driving an increase in the use of cloud-based business utility solutions and services.
Key Trends	The growing adoption of entertainment and navigation technologies in autos is assisting industry expansion.	With technical developments and quick 5G adoption, the need for integrated microwave assembly-based RF modules has surged, generating attractive prospects.	Simplifying administration of complex and heterogeneous cloud environments

Segment-wise Insights

What is the Segmentation Outlook for the Integrated Passive Devices Market?

The silicon-based integrated passive devices market dominated with CAGR of 10.3%. Silicon-based IPDs provide excellent insulation, a low thermal coefficient, and better device performance. In compared to traditional IC technology, the performance of integrated passive devices may be increased further by integrating a thick metal and dielectric layer to produce high capacitance density.

The silicon-based integrated passive devices may be ground to a thickness of 100 micrometres using a variety of packaging techniques such as wire bonding, micro bumping, and copper pads.

Glass base is favoured among non-silicon-based varieties due to benefits such as high resistivity and minimal RF coupling to electronics. Glass wafers do not heat up as much as other materials during the production process.

The consumer electronics category of integrated passive devices merket includes electronic gadgets used for leisure, communication, and business purposes. The consumer electronics segment accounted for the lion's share of the integrated passive devices market.

Smartphones, notebook computers, tablets, and other electronic devices are examples of consumer electronics (wearables, game consoles, and other white goods). Smartphones have been a significant driver of the increasing integrated passive devices market along with the surging sales of integrated passive devices and demand for integrated passive devices.

The expansion of the smartphone industry has proven to be a driving force behind the mainstreaming of the Internet of Things and escalating sales of integrated passive devices together with demand for integrated passive devices.

What is the Regional Analysis of the Integrated Passive Devices Market?

During the projection period, Europe, the Middle East and Africa is estimated to have the greatest integrated passive devices market share in the integrated passive devices market, followed by the Americas region. Germany, France, Switzerland, and the rest of Europe are key regions for the integrated passive devices market in Europe, the Middle East and Africa (including UK, Sweden, and Norway).

The existence of fabrication and integrated passive devices manufacturers like as Infineon Technologies, STMicroelectronics, and IPDiA, who produce novel solutions based on effective R&D, propels the Europe, the Middle East and Africa integrated passive devices market.

Furthermore, rising technological breakthroughs and high investments by important enterprises, as well as growing interest in passive devices, is projected to drive integrated passive devices market growth in Europe, the Middle East and Africa.

Regions	CAGR (2022-2032)
US	9.8%
UK	9.7%
China	11.9%
Japan	11.5%
India	11.4%

What is the Competitive Landscape of the Integrated Passive Devices Market?

Murata Manufacturing Co. Ltd., STMicroelectronics, Texas Instruments, ON Semiconductors, Johnson Technology, 3DiS Technologies, and STATS ChipPAC Ltd. are key participants in the integrated passive devices market.

Companies are focused on continual R&D operations in order to create technologically enhanced goods that outperform their competition.

Recent Developments in the Integrated Passive Devices Market

• TDK Corporation introduced a new line of EPCOS power capacitors for DC link applications in May 2021. The new capacitors are offered with rated voltages ranging from 700 V DC to 2000 V DC and capacitances ranging from 20 F to 270 F.
• Vishay Intertechnology released a new Automotive Grade through-hole inductor with a 420 A saturation current and a 30% inductance decrease in a 1500 case size in March 2021. The IHXL-1500VZ-5A delivers an extremely low typical DCR of 0.12 m and continuous high-temperature operation to +155 °C for automotive applications.
• Panasonic announced the EEH-ZK(U) Series Conductive Polymer Hybrid Aluminum SMD Electrolytic Capacitors in January 2021, which combine the benefits of electrolytic capacitors with solid polymer capacitors. High-temperature tolerance and compact case sizes are available.

Key Segments of Integrated Passive Devices Market

• By Material

  • Silicon
  • Glass
  • Others

• By Passive Devices

  • Baluns
  • Filter
  • Couplers
  • Diplexers
  • Customized IPDs
  • Others

• By Application

  • ESD/EMI
  • RF IPD
  • Digital & Mixed Signals
  • Others

• By Wireless Technology

  • WLAN
  • Bluetooth
  • Cellular
  • GPS
  • Others

• By End-use Industry

  • Consumer Electronics
  • Automotive
  • Communication
  • Aerospace & Defense
  • Healthcare & Lifesciences