OVERVIEW
Research by Global Market Studies has reported a CAGR of 9.2% for the Integrated Passive Devices Market, expecting to expand to a value of USD 3.73 billion by 2028.Â
Integrated Passive Devices (IPDs) are a type of electronic component that combines passive circuit elements, such as resistors, capacitors, and inductors, into a single compact package. These components are designed to perform various functions within electronic systems, without the need for separate discrete components. IPDs are commonly used to conserve space, improve performance, and simplify the manufacturing process of electronic devices.
IPDs are used in various industries, including RF and wireless communication, consumer electronics, medical devices, automotive, industrial electronics, aerospace and defense, wearable technology, IoT, and MEMS. They improve performance, reliability, and compactness in various applications, such as wearables, IoT devices, and MEMS-based sensors and actuators.
Market Dynamics
Drivers:
IPDs are becoming increasingly important in the growing demand for compact electronic components that provide functionality within limited space. By integrating passive components, IPDs can enhance performance by reducing parasitic effects, improving signal integrity, and reducing losses. They also contribute to cost efficiency by eliminating separate component placements, reducing assembly steps, and potentially lowering testing and quality control expenses.
Manufacturing simplification is achieved by reducing the number of components needed on the circuit board, leading to improved yield rates and faster production cycles. Integration of components into a single package reduces the risk of failure and enhances overall system reliability.
Wireless connectivity growth, such as 5G and IoT, drives the demand for compact and efficient RF components. IPDs are well-suited for applications requiring impedance matching, filtering, and RF signal conditioning. The consumer electronics market, including smartphones, wearables, and smart home devices, requires smaller and more feature-rich devices, and IPDs contribute to meeting these demands by enabling space-efficient designs.
Opportunities:
IPDs are integrated circuits (ICs) that combine passive components like resistors, capacitors, and inductors into a single chip or package, offering customization and flexibility to meet specific performance requirements. They can be designed to cater to different applications using advanced packaging technologies like System-in-Package (SiP) and Multi-Chip Modules (MCM). IPDs also provide solutions for RF and microwave applications, such as impedance matching networks, filters, baluns, and couplers, crucial for wireless communication systems.
Design support and consulting services are available from IPD manufacturers to help customers integrate these components effectively into their designs. They prioritize reliability and quality in industries like automotive, aerospace, and medical devices. IPDs are designed with specific applications in mind, catering to the unique requirements of each application. They often collaborate with ecosystem partners, such as semiconductor foundries, assembly and packaging partners, and design tool vendors, to create comprehensive solutions for their customers.
Restraints:
Designing effective IPDs can be complex due to factors like component interaction, parasitic effects, and integration constraints, resulting in longer design cycles and potential performance trade-offs. The limited component range and performance trade-offs may restrict design flexibility in certain applications. High initial costs may hinder smaller companies or applications with lower production volumes.Â
The lack of industry standards in the IPD market can lead to variations in design methodologies and interoperability challenges. Additionally, market fragmentation, consisting of several players with different technologies, offerings, and expertise levels, can make it difficult for customers to select the right solution provider.
Regional Information:
North America: North America, particularly the United States, has been a significant player in the development and adoption of integrated passive devices. The region’s strong technology ecosystem, including semiconductor companies and electronic device manufacturers, drives demand for advanced components like IPDs.
Asia-Pacific: This region, led by countries like China, South Korea, Japan, and Taiwan, is a hub for electronics manufacturing. The rapid growth of consumer electronics, mobile devices, and automotive industries in this region has contributed to the demand for compact and integrated solutions like IPDs.
Europe: Europe has a strong presence in automotive, industrial automation, and telecommunications. The adoption of IPDs in these industries can vary based on the specific applications and regional economic conditions.
Recent Developments:
• January 2023: Infineon Technologies AG’s MOTIX family for automotive and commercial motor control applications provides a wide range of products with different levels of integration. Infineon releases the MOTIX 3-phase gate driver IC 6ED2742S01Q to broaden its product line. The 160 V silicon-on-insulator (SOI) gate driver comes in a QFN-32 package with a thermally efficient exposed power pad and has an integrated power management unit (PMU). Because of this, the simple-to-integrate device is perfect for battery-powered industrial BLDC motor control drives, such as those used in robotics, drones, cordless power tools, and light electric vehicles.
• November 2022: YAEGO introduced the HCV X7R MLCCs to suit the strict specifications of industrial applications. The newest model, the YAGEO HCV X7R, has a case size range (inches) of 0402 to 1210 and features the largest capacitance and rated voltage—47uF and 100 volts, respectively. YAGEO is the most competitive provider of HCV MLCCs since its new facility will operate in 2023 to satisfy the rising demand and has a larger manufacturing capacity.
Key Players:
Infineon Technologies AG, NXP Semiconductors NV, Texas Instruments, Inc., Panasonic Corporation and Murata Manufacturing Co. Ltd.
Frequently Asked Questions
1) What is the projected market value of the Integrated Passive Devices Market?
– The Integrated Passive Devices Market is expected to reach a value of USD 3.73 billion by 2028.
2) What is the estimated CAGR of the Integrated Passive Devices Market over the 2023 to 2028 forecast period?
– The Integrated Passive Devices Market is expected to grow at a CAGR of approximately 9.2% from 2023 to 2028.
3) Who are the key players in the Integrated Passive Devices Market?
– Infineon Technologies AG, NXP Semiconductors NV, Texas Instruments, Inc., Panasonic Corporation and Murata Manufacturing Co. Ltd.Â
4) What are the drivers for the Integrated Passive Devices Market?
– IPDs are crucial for compact electronic components, improving performance, cost efficiency, and manufacturing simplification. They are ideal for impedance matching, filtering, and RF signal conditioning in the growing wireless connectivity market.
5) What are the restraints and challenges in the Integrated Passive Devices Market?
– Designing effective IPDs is complex due to factors like component interaction, parasitic effects, and integration constraints, resulting in longer cycles, performance trade-offs, and market fragmentation.
6) What are the key applications and offerings of the Integrated Passive Devices Market?
– IPDs are used in various industries, including RF and wireless communication, consumer electronics, medical devices, automotive, industrial electronics, aerospace and defense, wearable technology, IoT, and MEMS.
7) Which region is expected to drive the market for the forecast period?
– Asia Pacific has the highest value share in the global market and is expected to dominate shares in forecast period.
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