Global Integrated Passive Device Market Report and Forecast 2024-2032

Global Integrated Passive Device Market Report and Forecast 2024-2032

Global Integrated Passive Device Market Report and Forecast 2024-2032

Market Outlook

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 benefits of miniaturisation, improved performance, and enhanced reliability, which are essential for modern electronic applications, 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.

Integrated passive devices incorporate passive components such as resistors, capacitors, and inductors into a single monolithic structure. These devices are widely utilised in compact electronic devices across various sectors, including consumer electronics, automotive, healthcare, and telecommunications. IPDs are particularly prevalent in applications requiring high performance and reliability in a small footprint, such as smartphones, wearables, and medical devices.

The integrated passive device market growth is primarily driven by the rapid advancements in electronic technology, particularly in mobile devices and automotive electronics. As devices become smaller and more complex, the demand for integrated solutions that reduce size and enhance performance increases, thus boosting the market. The ongoing innovation in semiconductor technology, including the development of next-generation wireless communication technologies such as 5G, further augments the demand for high-efficiency, integrated passive solutions.

As per the integrated passive device market analysis, the trend towards miniaturisation in electronics continues to be a significant factor driving the adoption of IPDs. These devices enable manufacturers to integrate multiple passive components into a single package, thereby reducing the overall footprint and allowing for more compact and efficient designs. This is particularly beneficial in industries such as consumer electronics and healthcare, where space is at a premium, and device functionality and reliability are critical.

The electrification of the automotive sector, including the rise in the production of electric vehicles (EVs), has created new opportunities for the integrated passive device market expansion. Integrated passive devices are used extensively in the automotive sector to improve the reliability and performance of electronic systems such as battery management systems, infotainment, and advanced driver-assistance systems (ADAS). The increasing electronic content in vehicles, combined with stringent safety and reliability standards, further propels the demand for robust integrated passive solutions.

As per the integrated passive device market outlook, the healthcare sector is increasingly adopting electronic devices for diagnostics, treatment, monitoring, and patient care management. These devices often require highly reliable and precise electronic components that can operate under stringent medical standards. Integrated passive devices are ideal for medical electronics due to their reliability, accuracy, and compact nature.

As global telecommunications networks advance towards 5G, the need for high-performance, high-frequency passive components is becoming crucial in the integrated passive device market. IPDs are well-suited to meet these requirements because they can handle higher frequencies with lower losses compared to traditional components.

The Internet of Things (IoT) and wearable technology sectors are experiencing rapid growth, creating substantial opportunities for the integrated passive device market. IoT devices require efficient, compact, and highly reliable electronic components to perform a myriad of functions from data collection to real-time processing. IPDs meet these demands by offering enhanced functionality in smaller footprints, crucial for devices such as smartwatches, fitness trackers, and home automation systems

The Asia Pacific region, led by countries such as China, Japan, and South Korea, holds a significant integrated passive device market share due to its robust electronics manufacturing sector and significant investments in telecommunications and automotive technologies. North America and Europe also exhibit strong growth, driven by advancements in consumer electronics and the automotive sector.

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

Competitive Landscape

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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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.