What is the Historic and Current Scenario of the Integrated Passive Devices Market?
The integrated passive devices market has seen considerable growth due to a variety of factors.
• The market size of integrated passive devices has significantly expanded in the past few years. Its growth is projected to move from $1.78 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%. Factors contributing to the growth during the historical period include the miniaturization of electronics, advancements in wireless technology, the fast-paced growth of consumer electronics, the need for enhanced performance, and the demand for cost and space efficiency.
How Does the Forecast Look for the Integrated Passive Devices Market in the Coming Years?
The Integrated Passive Devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for integrated passive devices is predicted to experience swift expansion in the coming years, escalating to a peak of $2.87 billion in 2029 with a compound annual growth rate (CAGR) of 10.1%.
The growth during the projected period is largely a result of the proliferation of IoT, growth in smart home technology, advancements in medical device technology, heightened need for connectivity, and the demand for electronics within the automotive industry. Predominant trends anticipated for the forecasted period include the emergence of wearable technology, heightened demand for energy-efficient solutions, a switch to higher frequencies, and a preference for cost and space efficiency.
What Are The Leading Drivers Of Growth In The Integrated Passive Devices Market?
The upward trend in smartphone demand is predicted to propel the expansion of the integrated passive devices market. A smartphone is a handheld electronic device capable of connecting to the internet and mobile networks. The GPS tracking system of the smartphone requires an integrated passive device to track and document location details, which indicates that the growing need for smartphones will enhance the market for integrated passive devices. To illustrate, a report from the Consumer Technology Association (CTA), an organization based in the United States representing consumer technology companies, projected in January 2022 that smartphone sales would increase by 3%, reaching 154.1 million units in 2022 from 149.6 million units in 2021. Consequently, the surge in smartphone requirement is fueling the integrated passive devices market's growth.
How Are The Segments Defined Within The Global Integrated Passive Devices Market?
The integrated passive devices market covered in this report is segmented –
1) By Material: Silicon, Glass, Other Materials
2) By Passive Devices: Baluns, Filter, Couplers, Diplexers, Customized Integrated Passive Devices, Other Passive Devices
3) By Packaging: Wire Bonding, Single In-Line Package (SIL), Quad Flat No Lead (QFN), Chip-Scale Package, Wafer Level Package, Other Packagings
4) By Application: Electrostatic Discharge (ESD) Or Electromagnetic Interference (EMI), RF Integrated Passive Device, Digital And Mixed Signals, Other Applications
5) By End-Use: Consumer Electronics, Automotive, Communication, Aerospace And Defense, Healthcare And Life Sciences
Subsegments:
1) By Silicon: Bulk Silicon, SOI (Silicon-On-Insulator)
2) By Glass: Borosilicate Glass, Silicate Glass
3) By Other Materials: Ceramic, Polymeric Materials, Metal-Based Materials
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How Are New Trends Expected To Influence The Growth Of The Integrated Passive Devices Market?
The key trend gaining traction in the integrated passive devices market is the progression of technology. Major players in the integrated passive devices market are striving to develop and introduce new technologies to maintain their market dominance. For instance, in September 2023, X-FAB Silicon Foundries SE, a Germany-founded manufacturer for analog and mixed-signal integrated circuits, unveiled the XIPD process, a fabrication capability for integrated passive devices. This ground-breaking technology offers notable benefits compared to conventional surface-mount or separate passive components by considerably downsizing semiconductor devices, yielding smaller more compact electronic systems. By incorporating passive components right into the chip, XIPD can decrease the total cost of semiconductor production. The XIPD process leans on X-FAB’s XR013 130nm RF SOI process and employs an engineered substrate having a thick copper metallization layer.
Who Are the Key Players In The Integrated Passive Devices Market?
Major companies operating in the integrated passive devices market include:
• Infineion Technologies AG
• STMicroelectronics N.V.
• Murata Manufacturing Co. Ltd.
• Johanson Technology Inc.
• OnChip Devices Inc.
• STATS ChipPAC Corp.
• ON Semiconductor Corp.
• Broadcom Inc.
• Skyworks Solutions Inc.
• Texas Instruments Inc.
• NXP Semiconductors NV
• Vishay Intertechnology Inc.
• TDK Corporation
• Taiyo Yuden Co. Ltd.
• AVX Corporation
• Samsung Electro-Mechanics Co. Ltd.
• Panasonic Corporation
• Yageo Corporation
• Walsin Technology Corporation
• Chilisin Electronics Corp.
• Coilcraft Inc.
• Pulse Electronics Corp.
• KEMET Corporation
• Renesas Electronics Corporation
What Is The Most Dominant Region In The Integrated Passive Devices Market?
North America was the largest region in the integrated passive device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the integrated passive devices market report during the forecast period. The regions covered in the integrated passive devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
