Global Integrated Passive Device Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2024-2032)

Global Integrated Passive Device Market Growth

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.

The integrated passive device market dynamics and trends are influenced by the increasing use of IPD chips in 5G smartphones, driven by their compact size and suitability for high-frequency applications. 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.

Global Integrated Passive Device Market Analysis

A significant trend driving the demand in the integrated passive device market is the growing popularity of glass based IPDs, valued for their high resistivity, excellent thermal stability, low dielectric loss, and cost-effectiveness. 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.

Integrated Passive Device Industry Outlook

According to Industry reports, the United States dominated global military spending in 2021, allocating USD 801 billion, which accounted for 38% of the world's total military expenditure. China followed with an estimated USD 293 billion, reflecting a 4.7% increase from 2020 and a significant 72% rise over the past decade, contributing 14% to the global total. India's military spending reached USD 76.6 billion, marking a 0.9% increase from 2020 and a 33% rise since 2012, comprising 3.6% of global spending. The United Kingdom allocated USD 68.4 billion to defence, experiencing a 3% increase from 2020 and a 3.7% rise over the decade, representing 3.2% of the world share. Russia's expenditure was USD 65.9 billion, up 2.9% from the previous year and 11% over the decade, contributing 3.1% to global spending. France's military budget was USD 56.6 billion, increasing by 1.5% from 2020 and 13% over the decade, making up 2.7% of global expenditure. Japan allocated USD 54.1 billion to defence, a 7.3% increase from 2020 and a 13% rise over the decade, contributing 2.6% to global expenditure. South Korea's military budget reached USD 50.2 billion, reflecting a 4.7% increase from 2020 and a 43% rise over the past decade, accounting for 2.4% of global military expenditure. This growth is driving the integrated passive device industry revenue, as IPDs provide crucial advantages like high reliability, durability, and performance under demanding conditions, which are vital for military applications.

According to ACEA, Germany led vehicle production in the European Union in 2020, with an output of 3,800,221 vehicles. Spain ranked second, producing 2,256,090 vehicles, while France came third with 1,350,001 vehicles. The Czech Republic produced 1,135,447 vehicles, while Italy’s output totalled 796,876 vehicles. Poland manufactured 450,534 vehicles, and Romania produced 437,628 vehicles. Sweden, showcasing its robust industrial capability, contributed 296,738 vehicles. This substantial production drives the integrated passive device market revenue, as IPDs are essential for boosting performance and reliability in automotive systems such as infotainment, navigation, and advanced driver assistance systems (ADAS).

Ongoing innovations in integrated passive devices (IPDs) enhance performance and integration, particularly in high-frequency applications like 5G.

• IPDs offer significant space savings due to their small size, making them ideal for modern, space-constrained electronic devices.
• IPDs are used across various sectors, including telecommunications, automotive, and consumer electronics, broadening their opportunities in the integrated passive device market.

Advanced IPD technologies often involve substantial upfront investment, potentially limiting adoption among smaller players.

• The production of high-quality IPDs requires sophisticated technology and processes, which can lead to higher production costs.
• Dependence on specific raw materials and suppliers can disrupt production and impact market stability.

The rapid expansion of 5G networks drives demand for advanced IPDs that support high-frequency applications and improved performance.

• Increasing electronics adoption in emerging markets presents opportunities for IPD growth and market expansion.
• Advancements in IoT and smart devices create new applications for IPDs, fostering innovation and growth of the integrated passive device industry.

Continuous evolution in technology can lead to shorter product lifecycles and increased R&D costs for IPD manufacturers.

• Economic downturns or trade tensions may impact consumer spending and investment in new technologies, affecting integrated passive device market demand.
• The market is highly competitive with numerous players, which can lead to price wars and reduced profit margins.

Key Players in the Global Integrated Passive Device Market and Their Key Initiatives

STMicroelectronics N.V

• Established a 200mm silicon carbide device manufacturing facility in China.
• Created a new high-volume semiconductor manufacturing unit in France.

Infineon Technologies AG

• Launched NFC I2C bridge tag for secure IoT device configuration.
• Introduced contactless power and sensing ICs for NFC-based applications.

Semiconductor Components Industries, LLC

• Launched an advanced analogue and mixed-signal platform.
• Expanded silicon carbide production.

Broadcom Inc.

• Launched cutting-edge 200G VCSEL and EML technologies.
• Expanded portfolio with high-efficiency CW lasers for silicon photonics.

Global Integrated Passive Device Industry Segmentation

“Global Integrated Passive Device Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

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

Integrated Passive Device Market Share

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 increasingly used in smartphones for applications like Bluetooth and WLAN to improve signal quality and transmission. Consequently, the automotive sector is anticipated to experience significant growth, driven by the rising use of IPDs in in-car electronics, which is boosting the integrated passive device industry growth.

Leading Companies in the Integrated Passive Device Market

The companies offer its products and solutions in the automotive, consumer electronics, home appliances, industrial, and security sectors.

• 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