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Integrated Passive Devices Market Size

Report ID: GMI4124
Published Date: Nov 2020
Report Format: PDF

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Integrated Passive Devices Market Size

Integrated Passive Devices Market size exceeded USD 1 billion in 2019 and is poised to grow at a CAGR of over 9% between 2020 and 2026. The market growth is owing to the proliferation of emerging technologies, such as artificial intelligence and 5G technology, across the globe.

Integrated passive devices offer high-performance, miniaturized footprint, and energy efficiency in AI and 5G terminal devices, accelerating their demand in the market. According to the GSM Association, the total number of global 5G connections is projected to surpass 1.8 billion by 2025. This will further boost the opportunity for IPD manufacturers to produce miniaturized and power-efficient 5G devices.

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The rising adoption of in-vehicle infotainment (IVI) systems and advanced telematics has further boosted the integrated passive devices market demand in the automotive sector. Ultra-miniaturized RF passive devices are extensively incorporated into GPS systems, instrument clusters, and other vehicle electronic devices. Integrated passive devices offer high durability, increased functionality, and energy efficiency and can be fitted into confined spaces, increasing their adoption in advanced vehicle systems. In addition, major automotive OEMs are emphasizing on development of ADAS and self-driving cars, which will further increase the adoption of IPDs in vehicle electronics.

Integrated Passive Devices Market Report Attributes
Report Attribute	Details
Base Year:	2019
Integrated Passive Devices Market Size in 2019:	USD 1 Billion
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	9%
2026 Value Projection:	USD 2 billion
Historical Data for:	2016 to 2019
No. of Pages:	200
Tables, Charts & Figures:	252
Segments covered:	Material Type, Passive Components, Application, Industry Verticals, Region
Growth Drivers:	Emphasis towards 5G adoption around the globe Rising trends towards vehicle electronics and in vehicle communication systems Increasing demand for miniaturized and high performance consumer electronics Growing adoption of integrated passive devices in medical sector
Pitfalls & Challenges:	High cost of integrated passive devices in comparison with discrete components

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The COVID-19 pandemic has severely impacted the semiconductor industry, restraining the growth opportunities for integrated passive devices market. According to the Semiconductor Industry Association, the global semiconductor sales decreased by 3.6% in the first quarter of 2020 due to disruption in supply-chain activities due to COVID-19 pandemic. Along with this, several major consumer electronics and automotive OEMs have halted their manufacturing operations due to several lockdown scenarios by the government. This has declined the adoption of integrated passive devices for a short-term period.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

In 2019, the global industry revenue for integrated passive devices crossed USD 1 billion and will grow at over 9% CAGR through 2026 with the penetration of technologies like 5G and artificial intelligence.

Silicon-based integrated passive devices segment captured more than 75% of market share in 2019 will expand at nearly 9% CAGR through 2026, owing to benefits like small thermal coefficient, high insulation, and improved device performance.

Baluns segment captured 30% of industry share in 2019 and is anticipated to record a 10% CAGR up to 2026, attributed to the soaring adoption in antenna systems like broadcast and radio communications.

Owing to favorable government initiatives to expand semiconductor manufacturing, the Asia Pacific market share is estimated to grow at a CAGR of over 10% through 2026.