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Integrated Passive Devices (IPD) Market Snapshot (2023 to 2033)

The global integrated passive devices (IPD) market was estimated to reach a valuation of US$ 1.47 billion in the year 2022. With a CAGR of 8.82% from 2023 to 2033, this market is anticipated to reach US$ 1.6 billion by 2023 and US$ 3.73 billion by 2033.

Data Points Key Statistics
Expected Market Value in 2023 US$ 1.6 billion
Expected Market Value in 2033 US$ 3.73 billion
Growth Rate (2023 to 2033) 8.82% CAGR

It is expected that the increasing demand for affordable and small-sized electronics will foster industry development. To make systems more dependable and small, components have been reduced in size thanks to the creation of novel materials and sophisticated integration technologies.

To commercialize these devices on a large scale and hasten their acceptance across various uses, industry actors are emphasizing the introduction of practical fabrication methods like wafer fabrication. The market demand for integrated passive device-based technologies is anticipated to be driven by the use of these devices in IoT and embedded medical devices, among other applications.

Due to their low power utilization, LED goods are increasingly being used in electrical devices like hard drives, laptops, tablets, and routers, as well as in fields like healthcare and the automobile. Wireless contact that is easy and hassle-free is made possible by the use of RF-integrated passive devices.

Technologies like wafer technology are getting popularity because they outperform the standard Copper-Silicon integrated passive device technology in terms of efficiency. The adoption of wafer-based products in electronics is anticipated to boost the industry's development over the forecast period due to their cost-effectiveness. Other materials, like inactive gold-on-GaAs products, are used in high-end medical uses, particularly implantable devices.

The demand for incorporated passive devices has grown as a result of the increased use of intelligent consumer handheld devices as well as other electronic goods like computers and mobile phones. A significant element boosting the demand for integrated passive devices in the market is the constant need for these devices to be made smaller. Since many functions must be crammed into a smaller space, cell phones, for example, have seen strong demand. This increased utilization has been noted as a result of the integrated passive device's numerous advantages, including its smaller package size, better performance, increased dependability, and easier interconnection capabilities.

an integrated passive device is widely used in the car and consumer goods industries to help makers by reducing system costs and providing packaging with a small footprint. These features make the integrated passive device more useful in a variety of application fields, which stimulates market expansion. integrated passive device integration, which provides speed and energy efficiency, has had a significant effect on the market expansion. Additionally, the use of integrated passive devices in the IoT, healthcare, and LED goods because of their low energy usage has greatly increased the market's sales for integrated devices.

Players in the market are heavily spending on R&D activities and placing a focus on creating sophisticated and innovative goods. High working efficiency discrete components with lower losses are a feature of the goods. Device efficiency has been made possible by the production of low-power or energy-efficient cellular IoT devices. For instance, Johanson Technology has recently created an Integrated Passive Device for Semtech's LoRa® transceivers. This innovation aims to provide improved radio frequency, greater range, and more stable signals. As a result, this development is anticipated to raise demand for these products in a variety of application areas and boost growth over the forecast period.

STMicroelectronics, a manufacturer of semiconductors and electrical components, worked with Microsoft, an ST-accredited business, to spearhead the creation of IoT devices. This partnership has produced security features, secured boot and storage, and met client needs for reliable and effective solutions. Thus, it is anticipated to accelerate this market's development over the projection period in several areas.

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Integrated Passive Devices (IPDs) Market Overview

The integrated Passive Devices (IPDs) market is estimated to reach around US$ 4.0 Bn in 2031 with an expected CAGR of 10%. Integrated passive devices (IPDs) are primarily the group of passive electronic components like resistors, inductors, capacitors, baluns, impedance matching elements, and microstrip lines.

These components are integrated to deliver a highly reliable product. The integrated passive devices use standard fabrication technology like thin-film wafers for achieving low-cost, reduced-size compact devices and these devices can be packaged, stacked, and bare dies/chips. The manufacturing of integrated passive devices comprises integrated circuit processing steps and thin-film technologies.

Integrated passive devices are available as standard parts or custom-designed devices. The features include a thin film resistor, a high-quality factor of an inductor, a metal-in-metal capacitor, fast fabrication, low cost, the flexibility of design and tool, and so on. 

The integrated passive devices are used in various sectors including automotive, aerospace, communication, healthcare, life sciences, defense, and others. Moreover, integrated passive devices are more beneficial for the Internet of Things due to the inherent capability to reduce the size of the module or system related to IoT.

How is Inception of 5G is Reshaping the Integrated Passive Devices (IPDs) Market?

Globally, telecom enterprises have started migrating their existing network infrastructure to 5G networks and services with high speed. Integrated passive devices have a wide range of applications in the telecom industry. Moreover, it has been observed that global Integrated passive devices manufacturers have started manufacturing of IPDs that are 5G-compatible.

The IPD is used in devices like diplexers and filters for 5G compatibility. The IPD makes other devices compatible with 5G technology and the integration of IPDs help in reducing the size and power consumption of telecom infrastructure products.

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How Smartphone Penetration Is Boosting the Sales of Integrated Passive Devices

There is rapid growth in the network infrastructure in various countries, along with the proliferation of wireless and wired devices, such as smartphones, tablets and data centers. Moreover, an increase in next-generation IoT applications is driving the demand for communication infrastructure equipment that requires RF IPD to expand and upgrade cellular backhaul, and cellular infrastructure.

Mobile devices such as smartphones and tablets are increasingly becoming the first go-to device for communication. Additionally, with emergence of more advanced technologies enabling smartphone users to access the Internet more easily, mobile Internet diffusion is expected to accelerate in the coming years. Therefore, rising smartphone penetration is one major factor expected to drive the adoption of RF IPD during forecast period.

Various advanced features are being introduced in smartphones to cater to the increasing demand from users for a more personalized experience and more customizable access to services of their specific choice.  

Due to increasing demand for various features in smartphones the demand for RF IPD is also increasing for various wireless applications like WLAN, ZigBee, ultra-wide band, LTE as RF IPD is minimize the power loss and enhance signal transmission. Furthermore, the continuous deployment of LTE networks and the implementation of next-generation wireless systems are factors expected to boost the adoption of RF IPD.

APAC Demand Outlook for Integrated Passive Devices (IPDs)

The demand for portable medical equipment is increasing in the APAC region as it helps to save 20 to 50% of the cost as compared to regular hospital treatment depending on the service taken. Portability of medications and equipment and interconnectivity through devices offer flexibility for providing critical care at home. 

Due to rising healthcare services cost, shortage of healthcare personnel the adoption of portable medical equipment is increasing in APAC countries. Also, the patient can get recover early in the comfort and familiar surroundings of the house rather than the hospital environment with cost-saving over hospitalization.

Due to increasing demand for portable medical devices the demand for integrated passive devices is also witnessing high growth in the region. The integrated passive device is used in portable medical equipment as it offers small size, low power and high performance for various medical monitoring system that includes pulse oximeter, ECG, blood analysis and others.

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Who are the Key Providers of Integrated Passive Devices (IPDs)?

Some of the leading Integrated Passive Devices (IPDs) providers include

  • STMicroelectronics
  • Murata Manufacturing
  • On-Chip Devices
  • Qorvo
  • NXP Semiconductor
  • STATS ChipPAC Pte. Ltd
  • Infineon Technologies AG
  • Advanced Furnace Systems Corp
  • Global Communication Semiconductors
  • Johanson Technology, Inc. among others.

Integrated Passive Devices (IPDs) vendors adopt various expansion strategies for enhancing their presence and increasing the market share in the global market. The strategies that IPD providers follow include acquisitions, partnership and collaborations with other players, new product launches, and strengthening of channel partner ecosystem.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments of Integrated Passive Devices (IPDs) Market

By Type:

  • Baluns
  • Filters
  • Diplexer
  • Couplers
  • Others

By Application:

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

By Industry:

  • Automotive
  • Telecommunication
  • Consumer Electronics
  • Healthcare
  • Aerospace & Defense
  • Others

By Region:

  • North America
    • USA
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • United Kingdom
    • France
    • Germany
    • Italy
    • Spain
    • BENELUX
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia & Pacific
    • India
    • Thailand
    • Indonesia
    • Malaysia
    • Australia & New Zealand
    • Rest of South Asia & Pacific
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • South Africa
    • Rest of the Middle East and Africa

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