Global Integrated Passive Devices (IPDs) Market Size Expanding 2X to Cross USD 3.2 Billion by 2028

Published | 01 November 2022

Global integrated passive devices (IPDs) market is flourishing due to rapid technology advancements, increasing digitization and incorporation of wafer-based devices in electronics, use of integrated passive devices in the wearable industry, and the introduction of 5G mobile technology.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the size of global integrated passive devices market at USD 1.48 billion in 2021. During the forecast period between 2022 and 2028, BlueWeave expects the size of global integrated passive devices (IPDs) market to grow at an impressive CAGR of 12.2% to reach a value of USD 3.22 billion by 2028. One of the key factors propelling the growth of the integrated passive devices market is the rise in IPD adoption in consumer durables across the globe. The growth of the market is accelerated by the increase in component miniaturization, which makes systems more dependable and compact due to the creation of new materials, sophisticated integration techniques, and the incorporation of IPDs in RF (radio frequency) applications. The development of practical fabrication techniques, such as wafer fabrication, to enable the mass commercialization of these devices as well as the rise in demand for highly efficient and miniaturized electronic devices are additional market drivers. During the forecast period, the use of IPDs in the wearable industry and the launch of 5G provide lucrative opportunities to market participants. However, the higher cost of IPDs than that of the discrete components is anticipated to restrain market expansion. The market for integrated passive devices is expected to face challenges during the forecast period due to a longer product design cycle required for RF tuning of IPDs.

Request for Sample Report @ https://www.blueweaveconsulting.com/report/integrated-passive-devices-market/report-sample

Global Integrated Passive Devices Market – Overview

Integrated passive devices (IPDs), also referred to as integrated passive components (IPCs), are electronic components that combine resistors (R), capacitors (C), inductors (L)/coils/chokes, microstrip lines, impedance matching components, baluns, or any combination of them, in the same package or on the same substrate. IPDs used standard fabrication technology, such as a thin-film wafer, to achieve the low-cost, reduced-size compact device.

White goods are one of the most typical applications for IPD technology. The consumer electronics sector, which includes items, such as digital TVs, set-top boxes, smartphones, tablets, and portable media players, makes an extensive use of IPDs. IPDs have emerged because of the necessity to pack numerous features into a small form factor due to the high demand for smartphones in recent years. Smartphones can perform a wide range of functions, including Wi-Fi, Bluetooth, positioning systems, and near-field communication.

5G have recently been commercially available. To be 5G compliant, IPDs must be incorporated into items, such as baluns, filters, and diplexers. The integration of IPDs would benefit the telecom industry, as it would help reduce the size and energy consumption of telecom infrastructure items. The 5G market is estimated to have 89 million subscriptions by the end of 2022, presenting a significant growth opportunity for the IPD market. 3D Glass Solutions has developed highly efficient 5G IPD RF filters. The recently implemented 5G technology major economies, such as in the United States, Japan, South Korea, the United Kingdom, Germany, China, and India, is expected to support the growth of the market for IPDs in the coming years. Global integrated passive devices market has segments, such as Silicon and Non-Silicon based on the base; Data Acquisition Unit, Harmonic Filters, Baluns & Couplers, Diplexers, and Others based on the product; EMI, ESD, RF-IPD, and Others based on the type. The RF-IPD segment in the global IPDs market by type is projected to dominate the market, accounting for the highest market share.

Global Integrated Passive Devices Market – Technology Advancements

To improve the performance of IPDs, market participants are implementing several new techniques based on silicon materials. Integration of 3D passive components into silicon, for example, enables IPD manufacturers to deliver a high-density capacitor, Zener diode, and high-Q inductor on a single silicon die. The complexity of the circuit determines the design time of IPDs on silicon, which can be reduced by using application-specific design tools and circuits. The growing demand for portable medical equipment will increase the opportunities for IPD manufacturers to deliver small-footprint and low-power consuming devices. To gain a significant competitive advantage over other players, industry players are constantly developing new products and accelerating their innovation capabilities. Additionally, as advanced packaging technology advanced, several device manufacturers produced high-performance compact-sized IPDs to serve the growing smartphone industry. For example, TSMC launched wafer-level IPD technology in May 2020 to achieve high volume production of 5G terminal devices, primarily smartphones for Apple. This will boost the use of IPDs in consumer electronic devices.

Impact of COVID-19 on Global Integrated Passive Devices Market

The COVID-19 pandemic has had a significant impact on the semiconductor industry, limiting growth opportunities for the IPDs market. According to the Semiconductor Industry Association, global semiconductor sales fell 3.6% in the first quarter of 2020 due to supply-chain disruptions caused by the COVID-19 pandemic. In addition, several major consumer electronics and automotive OEMs halted production due to the government's various lockdown scenarios. Consequently, it slowed the adoption of IPDs in the short term.

Competitive Landscape

Prominent players in global integrated passive devices market include Texas Instruments Incorporated, Infineon Technologies AG, STMicroelectronics, OnChip Devices, Inc, Murata Manufacturing Co., Ltd., Johanson Technology, Semiconductor Components Industries, LLC, Global Communication Semiconductors LLC, NXP Semiconductors, and Broadcom. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in global integrated passive devices market.

Don’t miss the business opportunity in the Global Integrated Passive Devices Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Integrated Passive Devices Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Integrated Passive Devices Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting (BWC) provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt. Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com