Global Integrated Passive Device Market Report and Forecast 2024-2032

Global Integrated Passive Device Market Outlook

The global integrated passive device market size reached approximately USD 1.80 billion in 2023. The market is estimated to grow at a CAGR of 8.4% in the forecast period of 2024-2032, reaching a value of around USD 3.75 billion by 2032.

Key Trends in the Market

Integrated passive devices or IPDs are electronic components that are used to fabricate semiconductor elements and provide functions such as biasing, decoupling, and filtering, among others. They incorporate passive components such as capacitors, inductors, and resistors in an electronic device.

• Growing adoption of IPD chips in 5G smartphones due to their compact size and high-frequency applications is one of the key integrated passive device market trends. IPD chips are commonly used in the RFFE (radio frequency front end) of a smartphone to enhance RF filtering and improve the overall signal quality of the 5G network.

• The burgeoning popularity of glass-based IPDs, due to their high resistivity, excellent thermal stability, low dielectric loss, and cost-effective nature is another crucial trend aiding the market expansion.

• Silicon-based IPDs are gaining prominence in LED lighting as their high heat dissipation property reduces its overall power consumption and enhances its longevity.

• Strategic initiatives by market players such as the launch of new IPD fabrication that offers enhanced frequency support to communication devices also contribute to the integrated passive device market growth.

Market Analysis

Based on material, the market is classified into silicon, and glass, among others. On the basis of device type, the market is divided into baluns, couplers, filter, customised IPDs, and diplexers, among others. Based on wireless technology, the market is classified into Bluetooth, WLAN, cellular, and GPS, among others.

The integrated passive device market segmentation, on the basis of end-use, includes automotive, consumer electronics, aerospace and defence, healthcare and lifesciences, and communication, among others. The major regional markets of integrated passive device include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the integrated passive device market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• 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

Market Share by End-Use

The consumer electronics sector occupies a significant portion of the integrated passive device market share, owing to the high adoption of IPDs in smartphones and other smart devices for providing functions such as antenna tuning and filtering, among others. RF IPDs are also finding growing usage in smartphones for applications such as Bluetooth and WLAN, among others, to their enhance signal quality and transmission.

Subsequently, the automotive sector is expected to gain sizeable growth in the foreseeable future, due to the growing utilisation of IPDs in in-car electronics.

Market Share by Region

As per the integrated passive device market analysis, North America accounts for a substantial share of the global market, due to the growing implementation of IPDs in 5G technology. Increased proliferation of IoT-based devices, coupled with the growth of the consumer electronic sector, also provides ample opportunities for market growth.

Meanwhile, the Asia Pacific is expected to witness robust growth in the coming years, due to the growing integration of IPDs in portable medical equipment for their miniature size and high-performance capabilities.

Competitive Landscape

STMicroelectronics N.V., established in 1987, is a multinational technology company, headquartered in Geneva, Switzerland. Some of its primary products include amplifiers, audio ICs, data converters, microcontrollers and microprocessors, power transistors, and switches, among others.

Infineon Technologies AG is a semiconductor provider, founded in 1999, with its headquarters in Neubiberg, Germany. The company offers its products and solutions in the automotive, consumer electronics, home appliances, industrial, and security sectors.

Broadcom Inc., incorporated in 1961, is a multinational developer of semiconductor and infrastructure software. The company, based in California, the United States, is well known for its broadband and wired networking and wireless and mobile communication solutions.

Other integrated passive device market players include Semiconductor Components Industries, LLC, Texas Instruments Incorporated, Jcet Group Co., Ltd., Johanson Technology, Qorvo, Inc., MACOM Technology Solutions Inc., and CTS Corporation, among others.

Key Highlights of the Report