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Integrated Passive Device Market

Global Integrated Passive Device Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insights by Base (Silicon and Non-Silicon), by Functional Blocks (Baluns, Diplexers, Couplers, Harmonic Filters and Others), by Type (RF-IPD, LEDs, ESD and EMI) and by Application (Digital and Mixed Signal, RF, LED Lighting and ESD/EMI Protection)

Published: May 2017
Report Code: SE10966
Available Format: excel

Market Overview

The global integrated passive device (IPD) market is projected to grow at a CAGR of 8.4% to reach $1,572.3 million by 2023. The integrated passive device  is an advanced passive technology, where more than one components are integrated into a single package. Integrated passive devices are gaining increasing interest owing to the uninterrupted demand for portable wireless devices encouraging miniaturization, cost reduction and increase in functionality.

Market Dynamics

The growth of the global integrated passive devices market can be attributed to the escalating adoption of IPDs in consumer durables and incorporation of IPDs in RF applications.  However, higher costs of integrated passive devices compared to discrete components is limiting the growth of this market.

Growth in the market for smart wearables is expected to generate new growth possibilities for the IPD market across the globe, with the growing acceptability of smart wearable technology devices. Moreover, commercialization of 5G will also generate a number of opportunities in the global integrated passive device market.

Trends

A major shift from use of discrete components to integrated passive components has been observed, which is propelled by use of IPDs in LEDs, RF, ESD and EMI protection, and digital and mixed signal applications. Passive components are considered as essential parts of SiP (System-in-package) solutions and are used in several applications including decoupling, matching, transforming, filtering and resonating. It has been observed that many of the companies operating in the global integrated passive device market are launching new products to build their sales momentum.

For example, AVX corporation, a manufacturer of advanced passive components launched a new series of leadless Bi-directional ESD suppression diodes. New series of these diodes merge the latest technology in transient voltage suppression (TVS) technology with leadless, miniature and low profile packaging design to offer Electrostatic Discharge(ESD) protection in high-speed data and communication circuits. The company also launched low pass integrated thin film filters to provide high frequency operation in various wireless applications, including satellite TV receivers, mobile communications systems, GPS and vehicle location systems.

Bourns, Inc., a manufacturer and supplier of electronic components, launched a new miniature resettable thermal cut-off (TCO) device to deliver higher current capacity along with lower impedance. The new TCOs offer as much as 37% more current capacity as compared to Bourns’ previously available miniature resettable TCOs.

Growth Drivers

Unlike discrete passives, IPDs do not require large number of assembly steps, owing to which they offer higher cost savings. IPDs need less materials as compared to the traditional discrete components, which result in additional cost-savings. Besides, integration of IPDs offer several benefits including space savings, increased throughput high frequency filtering and high packaging efficiency. All these advantages associated with IPDs collectively create high risk in the market for traditional discrete components owing to the availability of technologically advanced substitute products.

Miniaturization of components is positively influencing the adoption of IPDs, for use in consumer durables. Miniaturization refers to the development of smaller scale components and devices especially for electronic, mechanical and optical products. Commonly miniaturization is achievable through VLSI (very-large scale integration) and results in greater density of components. Moreover, consumers are nagging products with inbuilt intelligence owing to which consumer durable products are being manufactured with intelligent functions and logic, in turn creating higher demand for IPDs globally.

Opportunities

Market of smart wearables is expected to grow briskly in near future, in turn generating new growth possibilities for the adoption of integrated passive devices. Market for wearables is still in the nascent phase as companies are not focusing on the positive impact wearable technology could have on their autonomy. These devices can be utilized across several industry verticals. For example, in retail, these devices have potential to advance sales processes, speed up the purchasing and upgrade customer service throughout the store. In healthcare, these devices can improve reliability of information, well-organized procedures and expand clinical trials. While in service industries, they can pace access to statistics in real-time and allow seamless action. The cultivating need for miniaturization has led to the appearance of wearable technology, which provides immense growth opportunities for the IPD market across the globe.

Challenges

Higher cost of IPDs compared to the discrete components is restraining the growth of the global integrated passive device market. However, the impact of high cost is expected to be low in the long term as the key players operating in this market are putting their efforts to reduce the cost of IPDs.
For instance, Vishay Intertechnology Inc. started to offer single-in-line packages (SIP) as a package of individual resistors. This packaging helped in reducing the cost of embedding resistors on printed circuit board (PCB).

Competitive Landscape

The major players operating in this market include On Semiconductor, Stats ChipPAC, STMicroelectronics, Murata-IPDiA, Johanson Technology, Onchip Devices, AFSC and Infineon.

Scope for Customization

P&S Market Research offers customization as per specific business requirements of clients. Illustrative customization within the scope of this report includes:

  • Period of Analysis – Increase in the study period, including historic and forecast years
  • Geographical Analysis – Increase in country coverage
  • Segment Analysis – More granular coverage related to:
    • Functional Block Segmentation - “Others” can be further broken down into different functional blocks
  • Company Profiles – Wider company coverage in terms of detailed analysis or additional company profiles
  • New Custom Report – A completely customized report can be provided on the market, specific to a region/ country/ segment

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