Integrated Passive Devices Market size is anticipated to reach USD 3.8 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of integrated passive devices was over USD 1.5 Billion. The proliferation of wireless communication devices has increased demand for Integrated Passive Devices (IPDs). As per estimates, there were around 8 billion wireless subscriptions, by the end of 2021. These devices require various passive components like filters, baluns, and couplers, which can be integrated into a single chip using IPD technology. This integration reduces the space required and enhances the performance of the device. With the growing popularity of smartphones, tablets, smartwatches, and IoT devices, the demand for IPDs is expected to increase further. According to RNPL Analysts IoT connections increased by 18%, IoT analytics projects that that by 2023, there will be 16.7 billion active endpoints worldwide. The technology offers a cost-effective solution for miniaturization and high performance in electronic devices.
Also, the global rollout of 5G networks demands high-performance and compact components. Integrated passive devices (IPD) play a crucial role in 5G infrastructure by providing essential passive components for single filtering, impedance matching, and frequency tuning in RF front-end modules. Between the end of 2021 and the end of 2022, the number of 5G wireless connections worldwide climbed by 76%, to a maximum of 1.05 billion. As 5G adoption grows, so does the demand for IPDs.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 8% |
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Base Year Market Size (2023) |
~ USD 1.5 Billion |
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Forecast Year Market Size (2036) |
~ USD 3.8 Billion |
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Regional Scope |
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Application (Electrostatic discharge/ electromagnetic interference (ESD/EMI) Protection, Radio Frequency, LED Lighting, Digital and mixed-signal)
The radio frequency segment is anticipated to hold 42% share of the global integrated passive devices market during the forecast period. As estimated, the radio frequency components garner a revenue of around USD 26 billion in 2021. The radio frequency segment is witnessing a surge in demand due to the growing utilization of consumer electronics such as notebooks, smartphones, tablets, game consoles, wearables, and other white goods. Among these, smartphones are the major driving factor for the increasing market of the radio frequency segment. With the advent of 5G technology, there is an increasing need for the deployment of radio frequency components in smartphones. This, in turn, is expected to further drive the growth of the radio frequency segment in the consumer electronics industry.
End-User (Automotive, Consumer Electronic, Healthcare)
The automotive segment is expected to possess the majority of revenue share in the integrated passive devices market due to the sector's increasing reliance on sophisticated electronics. As vehicles evolve toward electric, connected, and autonomous systems, IPDs offer compact, reliable solutions for space-constrained automotive electronics. As observed by RNPL Analysts, 40% Less Footprint Is Made Possible by Renesas Automotive IPD. IPDs enable size reduction, enhanced functionality, and improved performance in critical applications like sensor systems, power management, connectivity modules, and infotainment systems, driving their extensive adoption and prominence within the automotive industry.
Our in-depth analysis of the global integrated passive devices market includes the following segments:
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Application |
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End-User |
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Material |
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European Market Forecast
European integrated passive devices market is poised to hold 46% of the revenue share by 2036. The market’s growth in the region is fuelled by technological prowess, industrial diversity, and a commitment to cutting-edge electronics. With a solid foundation in semiconductor research and manufacturing, European nations drive innovations in IPD technology, enabling the integration of various passive components into compact, high-performance chips. This integration finds significant applications in Europe’s automotive sector, facilitating advancements in electric vehicles, connected cars, and industrial automation. Additionally, the region’s focus on 5G technology and telecommunications infrastructure fuels the demand for IPDs in high-frequency RF components. The availability of continuous 5G wireless broadband service for all urban areas and transit routes by 2025 and 5G coverage of all populated areas by 2030 are among the primary connectivity goals set forward by the EU. 72% of EU citizens are currently covered with 5G, according to official figures. Collaborations among research institutions, industries, and government initiatives bolster the development of specialized Integrated Passive Devices solutions, ensuring Europe's position as a pivotal player in shaping the future of integrated passive devices across multiple sectors.
North American Market Statistics
North America integrated passive devices market is expected to garner noteworthy revenue share. North America is a driving force in integrated passive devices (IPD) technology. The region's focus on cutting-edge semiconductor manufacturing and design capabilities, along with a robust consumer electronics market, leads to a high demand for compact, feature-rich devices such as smartphones, wearables, and IoT gadgets. Furthermore, the rapid deployment of 5G networks and North America's leadership in telecommunications fuel the need for IPDs in high-frequency RF components. The automotive sector also leverages IPDs for innovations in electric vehicles and connected car technologies. Through collaborations between tech giants, research institutions, and semiconductor companies, North America pushes the boundaries of IPD advancements, shaping the electronics industry across industries.
Author Credits: Abhishek Verma, Hetal Singh
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