Integrated Passive Devices Market - Forecast(2024 - 2030)
Integrated Passive Devices Market Overview
Integrated Passive Devices
Market size is expected to reach $1.4 billion by 2027 at a CAGR
of 8.0% during the forecast period 2022-2027, owing to the growing number
of computing, communications, and consumer electronics (3C) applications drive
the integrated passive component market. Passive components are the building
blocks in all kinds of electronic devices and appliances. These components are based on atomic layer deposition part of electronic circuitry and have been the major backbone of industries
such as computing, communications, and consumer electronics. Moreover
growing trends of highly offline electronic components and optimization of
processes in terms of costs and energy saving have led to the increase in
advancements in the electronics sector. As a result, continual innovation and
introduction of advanced technologies in the consumer electronics sector is
thereby supplementing the growth of the overall integrated passive components
market worldwide. These passive devices are primarily used for RF and Electromagnetic Interference applications as part of their integrated
Report Coverage
The report: “Integrated
Passive Devices Industry Outlook – Forecast (2022-2027)”, by
IndustryARC covers an in-depth analysis of the following segments of the Integrated
Passive Devices report.
By Type: Resistors, Inductors,
Capacitors, Balun, Filters, Diplexers, Couplers and Diodes
By Substrate: Silicon, Glass and Others
By Capability: Off the Shelf, Custom RF,
Embedded and Others
By Application: RF, ESD/EMI, Mixed Signal
and Others
By End Use Industry: Consumer
Electronics, Telecommunication, Military and Aerospace, Automotive,
Industrial, Healthcare and Others.
By Geography: North America (U.S,
Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands
and Others), APAC (China, Japan India, SK, Australia, Indonesia, Malaysia and
Others), South America (Brazil, Argentina, Chile, Colombia and others), and RoW
(Middle east and Africa).
Key Takeaways
- Integrated Passive Devices Market in APAC has held a share of 34.5% in 2021. This is due to high demand for consumer electronics products manufactured in the APAC region, especially China and India, which helps in the consistent growth of Integrated Passive Devices Market.
- Filters segment in Integrated Passive Devices are growing at a CAGR of 8.7% in the forecast period through 2027, owing to wide use of filters across different applications such as automation, robotics, data transfer, and infotainment.
- Telecommunication segment is growing at a CAGR of 9.4% in the forecast period 2022-2027. In the telecommunications industry, advancements in the technologies such as transition from 4G to Voice over Long-Term Evolution (LTE/4G) and 5G are expected to boost the adoption of passive components including IPDs in the forecast period.
Integrated Passive Devices Market, By Region, 2021 (%)
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Integrated Passive Devices Market Segment Analysis - By Type
Filters segment in Integrated Passive Devices are growing at a CAGR of 8.7% in the forecast period through 2027, owing to wide use of filters across different applications such as automation, robotics, data transfer, and infotainment. Moreover, the demand for optical connectivity in telecommunication and data processing applications boosts the demand for the IPD market. Apart from this, growing number of data centres across the globe and surge in government initiatives to increase connectivity in rural areas of the developing economies are expected to provide lucrative opportunities for the market. In 2019, Google had committed to invest $3.3 billion to expand its data centres in Europe in the next two years. In addition countries such as India, China, U.S. and others are investing heavily for the development of advanced robots. In 2020, Chinese government has increased its spending more than $7.6 billion for the development of advanced robots by 2025. As these passive components are used for several applications in robots and data centres, these investments are analysed to drive the market in the forecast period 2022-2027. The main market today, and one that shows strong growth, is the custom RF integrated passive devices in RF modules, primarily utilized in 5G applications. These are filters for large-frequency bands and lumped-element circuits for impedance matching which are set to witness significant adoption in the forecast period.
Integrated Passive Devices Market Segment Analysis - By Application
Telecommunication segment is growing at a CAGR of 9.4% in the forecast period 2022-2027. In the telecommunications industry, advancements in the technologies such as transition from 4G to Voice over Long-Term Evolution (LTE/4G) and 5G are expected to boost the adoption of passive components in the forecast period. Applications of telecommunication include mobile phones, landline phones, set-top boxes, remote controls, base stations, and network equipment. In addition, integrated passive components are increasingly used in the telecommunications sector, owing to significant growth in the mobile handset market because of innovations in smartphones. Thus, the increasing demand for IPDs from computing, communication, and consumer electronics applications is driving the global Integrated Passive Devices Market. The other large-value market is off-the-shelf IPD used for EMI and ESD shielding in stringent applications such as aerospace Military and Defense or even for basic RF operations like baluns or filtering in consumer electronics and automotive sectors.
Integrated Passive Devices Market Segment Analysis - By Geography
Integrated Passive Devices Market in APAC has held a share of 34.5% in 2021. This is due to the easy availability of raw material, cheap labor, and low production cost in this region. Moreover, the high demand for consumer electronics products manufactured in the APAC region, especially China and India, helps in the consistent growth of Integrated Passive Devices Market. With rising income and improved standard of living, the demand for computers; electronic appliances such as mobile phones, LED displays and multifunctional chips have grown rapidly in the country. Furthermore, the inexpensive consumer electronic products manufactured in China have attracted increasing demand from abroad. The Government of China has been continuously encouraging cities to establish industrial parks for electronic component production and are providing aid to research and development (R&D) activities. Moreover government of India is providing several incentives to the manufacturers with an investment of $400 million in the forecast period. Hence these factors drive the market growth.
Integrated Passive Devices Market Drivers
Rising Adoption of Robots across Industries
Due to increased demand across economies, product manufacturers are adopting robots to automate some of the repetitive processes. According to the Robotic Industries Association, more than 250,000 industrial robots had been installed in the United States alone, which gives an estimate of the penetration of industrial robots. In addition, the industrial robots market has been witnessing huge demand over the past decade, owing to the rising adoption of smart factory systems, of which these robots play a vital part. According to CGTN, China's industrial robot production rose by 29.2% year on year in June, 2020 to 20,761 units, reaching its highest growth rate in the first half of 2020. According to the data provided by the National Bureau of Statistics, with the growth accelerating from 16.9% in May 2020, China has produced 93,794 units of industrial robots over the past six months, up by 10.3% from the same period last year. As Integrated Passive Devices are used to deliver signal and power to every part of the robot to activate its functions. Hence this rising adoption of robots will drive the market growth in the forecast period 2022-2027.
Growing Adoption of Passive Components in Automotive Industry
The shift towards Advanced Driver Assistance Systems (ADAS), such as lane-keeping and adaptive cruise control, to increased levels of vehicle autonomy, is also creating demand for passives components. Infotainment systems are also demanding more passives. In addition, the transition to hybrid and eventually fully electronic powertrains will also increase demand for passive components. As hybrid vehicles need sophisticated ECUs to manage the transition between electric and ICE driving, as well as regenerative-braking and battery-charging strategies. Fully electric vehicles exchange the complexity of managing a hybrid powertrain for the challenge of trying to ensure predictable range, fast charging and good performance from still-evolving battery technology. All this demands rich sensing, robust communications, and extensive use of power-electronics devices, and their supporting circuitry, to manage the flow of very large amounts of electrical energy. Moreover, companies such as Panasonic, Nichicon and so on have been developing advanced capacitors for automotive vehicles, Panasonic has developed the EEH-ZE series hybrid aluminium electrolytic capacitors for use in filtering the inputs and outputs of power converters and voltage regulators, and for power and battery decoupling. Nichicon offers UBY aluminium electrolytic capacitors for use in electric power steering and direct-injection engine drive systems. The parts offer higher capacitances and withstand much higher ripple currents than other electrolytic capacitors. Passives manufacturer TDK has responded by creating a range of CeraLink capacitors in low-profile packages, which can act as ripple current suppressors, DC link capacitors, and snubbers. Moreover passive components such as small sensors and multilayer ceramic capacitors are extensively used in the automotive industry for powertrain, infotainment, and safety applications. Hence these growing applications and adoptions in automotive sector will drive the market growth in the forecast period 2022-2027
Integrated Passive Devices Market Challenges
Declining Profit Margins of Manufacturers
Advances in device technology are lowering hardware costs, the increase in cost is due to the constant demand for more sophisticated and diversified types of products. The counterfeiting of products is directly impacting the prices of integrated passive components. Furthermore, the aggressive competition among players from various regions results in the decline in prices of passive components. This adversely affects the cost of new product development or advanced technology-driven products. Hence these factors hamper the market growth in the forecast period 2022-2027.
Integrated Passive Devices Market Landscape
Product launches,
acquisitions, Expansions, Partnerships and R&D activities are key
strategies adopted by players in the Integrated Passive Devices Market. In 2021,
the market of Integrated Passive Devices industry outlook has been fragmented
by several companies. Integrated Passive Devices top 10 companies include
- Murata
- TSMC
- Vishay
- Skyworks
- Microchip Technology
- NXP
- Qualcomm
- Macom
- Qorvo
- STMicroelectronics
Acquisitions/Technology Launches
- In September, 2020 Qorvo introduced a high-performance n41 sub-Band 5G bulk acoustic wave (BAW) filter for base station infrastructure, small cell and repeater applications.
- In March 2022, MACOM Technology announced availability of its 128 GBaud Transimpedance Amplifiers (TIAs) and Modulator Drivers for coherent optical networking applications. MACOM’s new products support long-haul, metropolitan and Data Center Interconnect (DCI) optical module applications.
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LIST OF TABLES
1.Global Integrated Passive Devices Market By Passive Devices Market 2023-2030 ($M)1.1 Baluns Market 2023-2030 ($M) - Global Industry Research
1.2 Filter Market 2023-2030 ($M) - Global Industry Research
1.3 Couplers Market 2023-2030 ($M) - Global Industry Research
1.4 Diplexers Market 2023-2030 ($M) - Global Industry Research
1.5 Customized IPDs Market 2023-2030 ($M) - Global Industry Research
2.Global Integrated Passive Devices Market By Wireless Technology Market 2023-2030 ($M)
2.1 WLAN Market 2023-2030 ($M) - Global Industry Research
2.2 Cellular Market 2023-2030 ($M) - Global Industry Research
2.3 Bluetooth Market 2023-2030 ($M) - Global Industry Research
2.4 GPS Market 2023-2030 ($M) - Global Industry Research
3.Global Integrated Passive Devices Market By End Use Industry Market 2023-2030 ($M)
3.1 Consumer Electronics Market 2023-2030 ($M) - Global Industry Research
3.2 Communication Market 2023-2030 ($M) - Global Industry Research
3.3 Automotive Market 2023-2030 ($M) - Global Industry Research
3.4 Aerospace & Defense Market 2023-2030 ($M) - Global Industry Research
3.5 Healthcare & Lifesciences Market 2023-2030 ($M) - Global Industry Research
4.Global Integrated Passive Devices Market By Passive Devices Market 2023-2030 (Volume/Units)
4.1 Baluns Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Filter Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Couplers Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Diplexers Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Customized IPDs Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Integrated Passive Devices Market By Wireless Technology Market 2023-2030 (Volume/Units)
5.1 WLAN Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Cellular Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Bluetooth Market 2023-2030 (Volume/Units) - Global Industry Research
5.4 GPS Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Integrated Passive Devices Market By End Use Industry Market 2023-2030 (Volume/Units)
6.1 Consumer Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Communication Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Aerospace & Defense Market 2023-2030 (Volume/Units) - Global Industry Research
6.5 Healthcare & Lifesciences Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Integrated Passive Devices Market By Passive Devices Market 2023-2030 ($M)
7.1 Baluns Market 2023-2030 ($M) - Regional Industry Research
7.2 Filter Market 2023-2030 ($M) - Regional Industry Research
7.3 Couplers Market 2023-2030 ($M) - Regional Industry Research
7.4 Diplexers Market 2023-2030 ($M) - Regional Industry Research
7.5 Customized IPDs Market 2023-2030 ($M) - Regional Industry Research
8.North America Integrated Passive Devices Market By Wireless Technology Market 2023-2030 ($M)
8.1 WLAN Market 2023-2030 ($M) - Regional Industry Research
8.2 Cellular Market 2023-2030 ($M) - Regional Industry Research
8.3 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
8.4 GPS Market 2023-2030 ($M) - Regional Industry Research
9.North America Integrated Passive Devices Market By End Use Industry Market 2023-2030 ($M)
9.1 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
9.2 Communication Market 2023-2030 ($M) - Regional Industry Research
9.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
9.4 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
9.5 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
10.South America Integrated Passive Devices Market By Passive Devices Market 2023-2030 ($M)
10.1 Baluns Market 2023-2030 ($M) - Regional Industry Research
10.2 Filter Market 2023-2030 ($M) - Regional Industry Research
10.3 Couplers Market 2023-2030 ($M) - Regional Industry Research
10.4 Diplexers Market 2023-2030 ($M) - Regional Industry Research
10.5 Customized IPDs Market 2023-2030 ($M) - Regional Industry Research
11.South America Integrated Passive Devices Market By Wireless Technology Market 2023-2030 ($M)
11.1 WLAN Market 2023-2030 ($M) - Regional Industry Research
11.2 Cellular Market 2023-2030 ($M) - Regional Industry Research
11.3 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
11.4 GPS Market 2023-2030 ($M) - Regional Industry Research
12.South America Integrated Passive Devices Market By End Use Industry Market 2023-2030 ($M)
12.1 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
12.2 Communication Market 2023-2030 ($M) - Regional Industry Research
12.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
12.4 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
12.5 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
13.Europe Integrated Passive Devices Market By Passive Devices Market 2023-2030 ($M)
13.1 Baluns Market 2023-2030 ($M) - Regional Industry Research
13.2 Filter Market 2023-2030 ($M) - Regional Industry Research
13.3 Couplers Market 2023-2030 ($M) - Regional Industry Research
13.4 Diplexers Market 2023-2030 ($M) - Regional Industry Research
13.5 Customized IPDs Market 2023-2030 ($M) - Regional Industry Research
14.Europe Integrated Passive Devices Market By Wireless Technology Market 2023-2030 ($M)
14.1 WLAN Market 2023-2030 ($M) - Regional Industry Research
14.2 Cellular Market 2023-2030 ($M) - Regional Industry Research
14.3 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
14.4 GPS Market 2023-2030 ($M) - Regional Industry Research
15.Europe Integrated Passive Devices Market By End Use Industry Market 2023-2030 ($M)
15.1 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
15.2 Communication Market 2023-2030 ($M) - Regional Industry Research
15.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
15.4 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
15.5 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
16.APAC Integrated Passive Devices Market By Passive Devices Market 2023-2030 ($M)
16.1 Baluns Market 2023-2030 ($M) - Regional Industry Research
16.2 Filter Market 2023-2030 ($M) - Regional Industry Research
16.3 Couplers Market 2023-2030 ($M) - Regional Industry Research
16.4 Diplexers Market 2023-2030 ($M) - Regional Industry Research
16.5 Customized IPDs Market 2023-2030 ($M) - Regional Industry Research
17.APAC Integrated Passive Devices Market By Wireless Technology Market 2023-2030 ($M)
17.1 WLAN Market 2023-2030 ($M) - Regional Industry Research
17.2 Cellular Market 2023-2030 ($M) - Regional Industry Research
17.3 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
17.4 GPS Market 2023-2030 ($M) - Regional Industry Research
18.APAC Integrated Passive Devices Market By End Use Industry Market 2023-2030 ($M)
18.1 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
18.2 Communication Market 2023-2030 ($M) - Regional Industry Research
18.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
18.4 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
18.5 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
19.MENA Integrated Passive Devices Market By Passive Devices Market 2023-2030 ($M)
19.1 Baluns Market 2023-2030 ($M) - Regional Industry Research
19.2 Filter Market 2023-2030 ($M) - Regional Industry Research
19.3 Couplers Market 2023-2030 ($M) - Regional Industry Research
19.4 Diplexers Market 2023-2030 ($M) - Regional Industry Research
19.5 Customized IPDs Market 2023-2030 ($M) - Regional Industry Research
20.MENA Integrated Passive Devices Market By Wireless Technology Market 2023-2030 ($M)
20.1 WLAN Market 2023-2030 ($M) - Regional Industry Research
20.2 Cellular Market 2023-2030 ($M) - Regional Industry Research
20.3 Bluetooth Market 2023-2030 ($M) - Regional Industry Research
20.4 GPS Market 2023-2030 ($M) - Regional Industry Research
21.MENA Integrated Passive Devices Market By End Use Industry Market 2023-2030 ($M)
21.1 Consumer Electronics Market 2023-2030 ($M) - Regional Industry Research
21.2 Communication Market 2023-2030 ($M) - Regional Industry Research
21.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
21.4 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
21.5 Healthcare & Lifesciences Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Integrated Passive Devices Market Revenue, 2023-2030 ($M)2.Canada Integrated Passive Devices Market Revenue, 2023-2030 ($M)
3.Mexico Integrated Passive Devices Market Revenue, 2023-2030 ($M)
4.Brazil Integrated Passive Devices Market Revenue, 2023-2030 ($M)
5.Argentina Integrated Passive Devices Market Revenue, 2023-2030 ($M)
6.Peru Integrated Passive Devices Market Revenue, 2023-2030 ($M)
7.Colombia Integrated Passive Devices Market Revenue, 2023-2030 ($M)
8.Chile Integrated Passive Devices Market Revenue, 2023-2030 ($M)
9.Rest of South America Integrated Passive Devices Market Revenue, 2023-2030 ($M)
10.UK Integrated Passive Devices Market Revenue, 2023-2030 ($M)
11.Germany Integrated Passive Devices Market Revenue, 2023-2030 ($M)
12.France Integrated Passive Devices Market Revenue, 2023-2030 ($M)
13.Italy Integrated Passive Devices Market Revenue, 2023-2030 ($M)
14.Spain Integrated Passive Devices Market Revenue, 2023-2030 ($M)
15.Rest of Europe Integrated Passive Devices Market Revenue, 2023-2030 ($M)
16.China Integrated Passive Devices Market Revenue, 2023-2030 ($M)
17.India Integrated Passive Devices Market Revenue, 2023-2030 ($M)
18.Japan Integrated Passive Devices Market Revenue, 2023-2030 ($M)
19.South Korea Integrated Passive Devices Market Revenue, 2023-2030 ($M)
20.South Africa Integrated Passive Devices Market Revenue, 2023-2030 ($M)
21.North America Integrated Passive Devices By Application
22.South America Integrated Passive Devices By Application
23.Europe Integrated Passive Devices By Application
24.APAC Integrated Passive Devices By Application
25.MENA Integrated Passive Devices By Application
26.Key Players, Sales /Revenue, 2015-2018 ($Mn/$Bn)