Integrated Passive Devices (IPDs) market is estimated to reach around US$ 4.0 Bn in 2031 with a expected CAGR of 10%. Integrated passive devices (IPDs) are primarily the group of passive electronic components like resistors, inductors, and capacitors, baluns, impedance matching elements and microstriplines.
These components are integrated to deliver a highly reliable product. The integrated passive devices use standard fabrication technology like thin-film wafer for achieving the low cost, reduced size compact devices and these devices can be packaged, stacked and bare dies/chips. The manufacturing of integrated passive devices comprises of integrated circuit processing steps and thin-film technologies.
Integrated passive devices are available as standard parts or custom-designed devices. The features includes thin film resistor, high quality factor of inductor, metal-in-metal capacitor, fast fabrication, low cost, flexibility of design and tool and so on.
The integrated passive devices are used in various sectors including automotive, aerospace, communication, healthcare, life sciences, defense and others. Moreover, integrated passive devices are more beneficial for Internet of Things due to inherent capability to reduce the size of the module or system related to IoT.
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How is Inception of 5G is Reshaping the Integrated Passive Devices (IPDs) Market?
Globally, telecom enterprises have started migrating their existing network infrastructure to 5G networks and services with high speed. Integrated passive devices have a wide range of applications in the telecom industry. Moreover, it has been observed that global Integrated passive devices manufacturers have started manufacturing of IPDs that are 5G-compatible.
The IPD is used in devices like diplexers and filters for 5G compatibility. The IPD makes other devices compatible with 5G technology and the integration of IPDs help in reducing the size and power consumption of telecom infrastructure products.
How Smartphone Penetration Is Boosting the Sales of Integrated Passive Devices
There is rapid growth in the network infrastructure in various countries, along with the proliferation of wireless and wired devices, such as smartphones, tablets and data centers. Moreover, an increase in next-generation IoT applications is driving the demand for communication infrastructure equipment that requires RF IPD to expand and upgrade cellular backhaul, and cellular infrastructure.
Mobile devices such as smartphones and tablets are increasingly becoming the first go-to device for communication. Additionally, with emergence of more advanced technologies enabling smartphone users to access the Internet more easily, mobile Internet diffusion is expected to accelerate in the coming years. Therefore, rising smartphone penetration is one major factor expected to drive the adoption of RF IPD during forecast period.
Various advanced features are being introduced in smartphones to cater to the increasing demand from users for a more personalized experience and more customizable access to services of their specific choice.
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Due to increasing demand for various features in smartphones the demand for RF IPD is also increasing for various wireless applications like WLAN, ZigBee, ultra-wide band, LTE as RF IPD is minimize the power loss and enhance signal transmission. Furthermore, the continuous deployment of LTE networks and the implementation of next-generation wireless systems are factors expected to boost the adoption of RF IPD.
APAC Demand Outlook for Integrated Passive Devices (IPDs)
The demand for portable medical equipment is increasing in the APAC region as it helps to save 20 to 50% of the cost as compared to regular hospital treatment depending on the service taken. Portability of medications and equipment and interconnectivity through devices offer flexibility for providing critical care at home.
Due to rising healthcare services cost, shortage of healthcare personnel the adoption of portable medical equipment is increasing in APAC countries. Also, the patient can get recover early in the comfort and familiar surroundings of the house rather than the hospital environment with cost-saving over hospitalization.
Due to increasing demand for portable medical devices the demand for integrated passive devices is also witnessing high growth in the region. The integrated passive device is used in portable medical equipment as it offers small size, low power and high performance for various medical monitoring system that includes pulse oximeter, ECG, blood analysis and others.
Who are the Key Providers of Integrated Passive Devices (IPDs)?
Some of the leading Integrated Passive Devices (IPDs) providers include
- STMicroelectronics
- Murata Manufacturing
- On-Chip Devices
- Qorvo
- NXP Semiconductor
- STATS ChipPAC Pte. Ltd
- Infineon Technologies AG
- Advanced Furnace Systems Corp
- Global Communication Semiconductors
- Johanson Technology, Inc. among others.
Integrated Passive Devices (IPDs) vendors adopt various expansion strategies for enhancing their presence and increasing the market share in the global market. The strategies that IPD providers follow include acquisitions, partnership and collaborations with other players, new product launches, and strengthening of channel partner ecosystem.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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