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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

Integrated Passive Device (IPD) Market Overview

The global integrated passive device (IPD) market registered substantial growth during the historical period and is expected to witness a CAGR of 8.4% during the forecast period (2017–2023). Increasing adoption of IPD in consumer electronics, coupled with increasing applications of the device in radio frequency (RF) modules, is propelling the growth of the market. Moreover, increasing adoption of smart wearables is also boosting the demand for IPDs.

IPD is a package of various components integrated into a small space using passive technology. IPDs are gaining traction due to increasing demand for miniaturization, portable wireless devices, increasing functionality, and cost reduction.

IPD Market Dynamics

Trends

Integrated passive components have replaced discrete components in applications including light emitting diode (LED) lighting, electrostatic discharge (ESD)/electromagnetic interference (EMI) protection, radio frequency (RF), and digital and mixed signal. Passive components are used in various applications, including matching, decoupling, filtering, transforming, and resonating, which are considered as an important part of system in package (SiP) solution.

Globally, new products are being launched by companies to increase their year-on-year revenues. For instance, AVX corporation, launched ESD suppression diodes. These diodes can be merge with voltage suppression (TVS) technology with miniature, leadless, and low-profile packaging design. This would offer ESD protection in communication and high-speed circuits. Apart from this, the company launched low-pass integrated thin film filters that can provide high frequency operations in various wireless applications. Some of the wireless applications where the product can be used are mobile communications systems, global positioning system (GPS), vehicle location systems, and satellite TV receivers. Whereas, Bourns Inc. launched a miniature resettable thermal cut-off (TCO) device that delivers high current with low impedance. The TCO offers more than 37% current capacity as compared to the old miniature resettable TCOs.

Drivers

Passive discrete device requires a large number of steps to assemble components while IPD does not, which results in high cost savings. Moreover, in terms of raw material, IPD requires less amount of material as compared to the traditional discrete device, which further reduces the cost of the product. Apart from this, IPD comes with certain advantages including space saving, high output from high frequency filter, and better packing efficiency. The advantages offered by the IPD over traditional discrete component are resulting in availability technologically advanced alternatives.

Miniaturization is a process of developing smaller scale components for electronic, optical, and mechanical products. IPDs offer high miniaturization possibilities that positively influence their adoption in consumer durables. Typically, miniaturization is done through very-large-scale integration (VLSI) technology to achieve high component density with utmost reliability. Further, consumers are preferring devices with integrated intelligence, due to which consumer electronics are being built with intelligent functions as well as logic. These features are boosting the IPD market growth across the world.

Opportunities

Globally, the demand for smart wearables is witnessing a huge growth and is expected to continue growing during the forecast period. This is expected to generate new opportunities in the IPD market. Presently, the smart wearables market is at nascent phase as multinational companies are not concentrating on the impact created by wearable technologies. Wearables can be used in several industries including retail, healthcare, and service.

For instance, the retail industry uses these devices to upgrade sales operations, increase purchasing process, and enhance customer service experience. While in the healthcare industry, these devices can speed up the collection of information as well as increase the reliability of that information, enhance organizational procedures, and increase clinical trials. Whereas, in the service industry, these devices can increase the access to statistics in real time and enable seamless action. The increasing demand for miniaturization is leading to the adoption of wearable technologies, which in turn, providing great opportunities for the players in the IPD market, globally.

Restraints

One of the major restraints of the IPD market is high cost of IPD as compared to discrete components. Nevertheless, the high cost is expected to decline, owing to the efforts made by market players to reduce it, which would decrease the impact of this restraint on the growth of the market. For example, Vishay Intertechnology Inc. offers single-in-line packages that consist of individual resistors, which reduce the cost of overall printed circuit board (PCB).

IPD Market Competitive Landscape

Some of the major players operating in the global IPD market include Infineon Technologies AG, Advanced Furnace Systems Corp., OnChip Devices Inc., Johanson Technology, Murata Manufacturing Co. Ltd., STMicroelectronics, ChipPAC Pte. Ltd, and Semiconductor Components Industries LLC.

Key questions answered in this report

  • What is the current scenario of the global integrated passive device (IPD) market?
  • What are the emerging technologies for the development of (IPD)?
  • What are the historical and present size of the market segments and their future potential?
  • What are the major catalysts for the market and their impact during the short, medium, and long terms?
  • What are the evolving opportunities for the players in the market?
  • Which are the key geographies from the investment perspective?
  • What are the key strategies adopted by the major players to expand their market share?
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