According to the report by Expert Market Research (EMR), the global integrated passive device market size reached a value of USD 1.80 billion in 2023. Aided by the escalating demand for miniaturised electronic components across a broad spectrum of industries, the market is projected to further grow at a CAGR of 8.4% between 2024 and 2032 to reach a value of USD 3.75 billion by 2032.
The core of the IPD market’s evolution is the continuous technological innovation aimed at enhancing the efficiency and integration capabilities of these devices. The development of advanced materials and semiconductor manufacturing processes has paved the way for the production of IPDs that are not only smaller but also feature higher performance metrics and greater functionality. These advancements are critical in meeting the ever-increasing demands for energy efficiency, signal integrity, and compactness in consumer electronics, automotive systems, and telecommunication infrastructure.
Several factors are propelling the integrated passive device market growth. The proliferation of smart devices and the Internet of Things (IoT) is a significant driver, as these applications require compact and efficient electronic components. Additionally, the automotive industry’s shift towards electric and autonomous vehicles necessitates the use of IPDs to manage complex electronic systems in a limited space. The telecommunications sector, with the rollout of 5G networks, also demands the high-performance filtering and signal conditioning capabilities provided by IPDs.
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Moreover, the push for device miniaturisation, without compromising on performance or functionality, across various sectors including healthcare, aerospace, and defense, further underscores the importance of integrated passive devices.
Innovation is posing a positive impact on the integrated passive device market outlook, with manufacturers focusing on the development of devices that offer improved electrical performance, including higher Q factors, lower insertion loss, and better impedance matching. There is also a significant emphasis on developing IPDs for specific applications, such as RF and microwave devices for telecommunications, or high-temperature resistant devices for automotive and aerospace applications.
Another area of innovation is the integration of passive devices with active components to create System-in-Package (SiP) solutions, offering even greater functionality and system-level performance enhancements.
The integrated passive device market demand varies significantly across different regions, influenced by the presence of key industries, technological infrastructure, and governmental policies. Asia-Pacific, led by countries like South Korea, Japan, and China, dominates the market due to its robust semiconductor manufacturing sector and the high concentration of consumer electronics and automotive manufacturers. North America and Europe also represent significant markets, driven by their advanced technological ecosystems and strong focus on automotive and aerospace industries.
Integrated Passive Device Market Segmentation
The market can be divided based on material, device type, wireless technology, end-use, and region.
Market Breakup by Material
- Silicon
- Glass
- Others
Market Breakup by Device Type
- Baluns
- Couplers
- Filter
- Customised IPDs
- Diplexers
- Others
Market Breakup by Wireless Technology
- Bluetooth
- WLAN
- Cellular
- GPS
- Others
Market Breakup by End-Use
- Automotive
- Consumer Electronics
- Aerospace and Defence
- Healthcare and Lifesciences
- Communication
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Integrated Passive Device Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global integrated passive device market. Some of the major players explored in the report by Expert Market Research are as follows:
- STMicroelectronics N.V
- Infineon Technologies AG
- Semiconductor Components Industries, LLC
- Broadcom Inc.
- Texas Instruments Incorporated
- Jcet Group Co., Ltd.
- Johanson Technology
- Qorvo, Inc.
- MACOM Technology Solutions Inc.
- CTS Corporation
- Others
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