Global Integrated Passive Devices Market to Reach US$2.3 Billion by 2030
The global market for Integrated Passive Devices estimated at US$1.4 Billion in the year 2023, is expected to reach US$2.3 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2023-2030. Silicon-based Integrated Passive Devices, one of the segments analyzed in the report, is expected to record a 7.7% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Glass-based Integrated Passive Devices segment is estimated at 8.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$385.6 Million While China is Forecast to Grow at 10.7% CAGR
The Integrated Passive Devices market in the U.S. is estimated at US$385.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$336.0 Million by the year 2030 trailing a CAGR of 10.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.9% and 7.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.
Global Integrated Passive Devices Market - Key Trends & Drivers Summarized
Integrated Passive Devices (IPD) represent a significant advancement in microelectronic technology, providing a means to integrate passive components such as inductors, capacitors, and resistors into a single, compact chip. These devices are primarily fabricated using materials like silicon and glass, which offer excellent electrical properties and mechanical stability. Silicon-based IPDs benefit from the well-established semiconductor manufacturing processes, allowing for high precision and scalability. Glass substrates, on the other hand, provide superior performance in high-frequency applications due to their low dielectric loss and excellent thermal properties. The choice of material depends on the specific requirements of the application, balancing factors such as cost, performance, and integration complexity.
IPD technology is pivotal in various wireless communication standards including WLAN, cellular, GPS, and Bluetooth. In WLAN and cellular applications, IPDs are used to miniaturize and enhance the performance of RF front-end modules, enabling more efficient and compact designs. GPS systems benefit from IPDs through improved signal integrity and reduced size, which is crucial for portable and wearable devices. Bluetooth technology, widely used in IoT devices, leverages IPDs to achieve low power consumption and high integration levels, essential for maintaining small form factors. Additionally, IPDs are integral in applications requiring electromagnetic interference (EMI) and electromagnetic susceptibility (EMS) protection, providing robust shielding and filtering solutions.
The growth in the Integrated Passive Devices (IPD) market is driven by several factors. Firstly, the increasing demand for miniaturization and high performance in consumer electronics, such as smartphones and wearable devices, is boosting the adoption of IPDs. Secondly, advancements in wireless communication technologies and the proliferation of IoT devices are creating a significant need for efficient and compact RF solutions, which IPDs are well-suited to provide. Thirdly, the expanding applications of IPDs in automotive electronics, particularly in advanced driver-assistance systems (ADAS) and vehicle-to-everything (V2X) communication, are driving market growth. Lastly, the push for higher efficiency and integration in LED lighting and EMI/EMS protection solutions is further propelling the adoption of IPDs. These factors collectively contribute to the dynamic expansion of the IPD market.
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