Integrated Passive Devices Market To Reach $2.03 Billion By 2030

Integrated Passive Devices Market Growth & Trends

The global integrated passive devices market size is expected to reach USD 2.03 billion by 2030, registering to grow at a CAGR of 7.1% from 2024 to 2030 according to a new report by Grand View Research, Inc. The growing demand for wireless, electronic, handheld devices is presumed to drive the market growth over the forecast period.

IPD, such as RF devices, facilitate efficient wireless communication and prevent loss of network signals. They are used across several applications including digital & mixed signals, RF transceivers, power amplifiers, MEMS, digital processors, and power management units. The growing penetration of these devices in wireless consumer market can be attributed to the high volume of customers adopting cellular phones and other IoT devices.

The applications of this technology in digital and mixed signals are fewer, but significant. The commercialization of an application is subject to its potential to comply with electrical performance and density requirements of conventional DC-DC converter modules and high-performance silicon digital interposer substrates.

Additionally, custom-designed IPD used in specialty and niche applications, such as GPS tracking and cellular encryption, are expected to drive the growth of the integrated passive devices market. In terms of materials, thin film products are expected to be the next-generation technology benchmarks as they enable higher densities and lower losses. The advancements in sophisticated packaging techniques have resulted in cost-effective IPD and have increased the scope for large-scale commercialization.

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Integrated Passive Devices Market Report Highlights

• The EMS (Electro Magnetic Susceptibility) and EMI (Electro Magnetic Interference) segments dominated the market and accounted for a share of 47.0% in 2023 attributed to the integration of passive components in mobile devices. The offerings in EMS and EMI protection categories help reduce signal loss and improve signal strength, providing a tremendous growth opportunity for the market.

• The automotive segment dominated the market and accounted for a revenue share of 31.0% in 2023 pertaining to the widespread use of integrated passive devices in car electronics for wireless communication. IPDs, such as radar, lidar, and camera modules, are crucial components in ADAS applications, which need compressed and consistent passive devices

• The North America integrated passive devices market accounted for 29.0% of the market in 2023. This growth is attributed to the increasing utilization of IPDs in 5G technology. In addition, the expanding presence of IoT-based devices and the thriving consumer electronic industry offer favorable prospects for the market's expansion

Integrated Passive Devices Market Segmentation

Grand View Research has segmented the global integrated passive devices market based on application, end-use, and region:

Integrated Passive Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• EMS and EMI Protection

• Radio Frequency Protection

• LED Lighting

• Digital and Mixed Signal

Integrated Passive Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive

• Consumer Electronics

• Healthcare

• Others

Integrated Passive Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in Integrated Passive Devices Market

• Broadcom

• CTS Corporation

• Global Communication Semiconductors, LLC.

• Infineon Technologies AG

• Johanson Technology, Inc.

• MACOM

• Murata Manufacturing Co., Ltd.

• NXP Semiconductors

• ON Semiconductors

• Qorvo, Inc.

• STMicroelectronics

• Texas Instruments Incorporated