Integrated Passive Devices Market Size, Share & Trends Analysis Report By Application (EMS & EMI Protection IPD, RF IPD, LED Lighting, Digital & Mixed Signal IPD), By End-use, By Region, And Segment Forecasts, 2018 - 2025

Report Overview

The global Integrated Passive Devices (IPD) market size was estimated at USD 874.6 million in 2015 and is expected to gain momentum over the forecast period. The growing need for cost-effective and compact size electronics is anticipated to promote industry growth. The development of new materials and advanced integration technologies has contributed to the miniaturization of components to make systems more reliable and compact.

North America IPD market, by application, 2014 - 2025 (USD Million)

Industry players are emphasizing on introducing convenient fabrication methods such as wafer fabrication to commercialize these devices on a large scale for the purpose of accelerating their adoption across various applications. The application of these devices in IoT and implantable healthcare devices, among others, is expected to drive the demand for IPD-based technologies.

The use of LED products, due to their low power consumption, has accelerated their usage in electronic devices including hard drives, tablets, laptops, routers, and other applications such as healthcare and automotive. The use of RF IPDs facilitates wireless communication that is convenient and hassle-free.

Technologies such as wafer technology are gaining momentum as they deliver higher performance compared to the conventional Copper-Silicon IPD technology. The incorporation of wafer-based devices in electronics, owing to their cost-effectiveness, is expected to accelerate the industry growth over the forecast period. Other materials, such as gold-on-GaAs-based passive products, serve high-end healthcare applications, especially in implant devices.

Application Insights

The LED lighting application segment is anticipated to emerge as the fastest-growing segment with a CAGR of over 14%. The growth is characterized by low power consumption and long-lasting performance of LEDs due to their silicon embedded IPD that eliminates the drawbacks of conventional lighting systems. The advantages include effective heat dissipation and high reliability.

EMS and EMI protection IPD is expected to dominate the market and was valued at USD 439.6 million in 2015. The use of these integrated passive components in mobile phones is a significant contributor to the growth of this segment. The products in EMS and EMI protection segments prevent transmission loss and improve signal reception and are presumed to grow remarkably over the next nine years.

End-use Insights

The automotive end-use segment dominated the overall industry and was valued at USD 276.8 million in 2015. The extensive use of integrated passive devices in-car electronics for wireless communication is expected to promote the growth in this segment.

Demand across the consumer electronics application segment is expected to energize the industry growth prospects over the forecast period. The segment is presumed to grow at a CAGR of over 13%. The increasing penetration of smartphones and other IoT devices is the prime factor responsible for integrated passive devices market expansion.

Europe IPD market, by end-use, 2015 (USD Million)

Additionally, technological advancements, such as reduced chip size, have enabled a reduction in the size of electronic devices, which contributes to the increasing adoption of consumer electronics such as mobile phones, LED television, tablets, and laptops.

Key Companies & Market Share Insights

The European region dominated the market with revenue of more than USD 398 million in 2015. The growth is characterized by the presence of key vendors such as Infineon Technologies AG, STMicroelectronics, and IPDiA in this region that develop innovative products based on effective research and developments. Furthermore, the developments cater to various applications such as healthcare, automotive, and electronics, thereby attracting huge investments in this region.

Prominent players dominating the industry include STATS ChipPAC Ltd., ON Semiconductor, IPDiA, STMicroelectronics, Infineon Technologies AG, Amkor Technology, Inc., and TSMC Ltd.

Industry players are primarily emphasizing on developing sophisticated and innovative products and are significantly investing in research & development activities. The products include highly reliable discrete components that have higher operational efficiency and reduced losses.

Integrated Passive Devices Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global & regional levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global integrated passive devices market on the basis of application, end-use, and region:

• Application Scope (Revenue, USD Million; 2014 - 2025)

  • EMS and EMI protection IPD

  • RF IPD

  • LED lighting

  • Digital & mixed-signal IPD

• End-use Scope (Revenue, USD Million; 2014 - 2025)

  • Automotive

  • Consumer electronics

  • Healthcare

  • Others

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

  • Europe

  • Asia Pacific

  • Rest of the World (RoW)