PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1748616
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1748616
Integrated Passive Devices Market size was valued at US$ 1,490.44 Million in 2024, expanding at a CAGR of 7.50% from 2025 to 2032.
The Integrated Passive Devices (IPD) market involves the integration of passive electronic components, such as resistors, capacitors, and inductors, into a single package for use in various applications like consumer electronics, automotive, and telecommunications. With the global electronics market surpassing \$2 trillion in 2024, the demand for miniaturized and efficient components is increasing. The rising adoption of 5G technology and IoT applications is accelerating the demand for IPDs, as they enable compact, high-performance solutions. Additionally, the automotive sector's shift towards electric vehicles (EVs) and autonomous driving systems is driving growth, with IPDs enhancing power efficiency and performance. However, challenges such as the complexity of integration, high initial investment, and technical limitations in miniaturization can hinder the market's expansion. On the opportunity front, the increasing need for energy-efficient solutions and the trend toward miniaturized consumer electronics offer significant growth potential. The growing focus on wearable devices, coupled with advancements in materials science, provides room for further innovation in the IPD market.
Integrated Passive Devices Market- Market Dynamics
Rising demand for miniaturized, energy-efficient components is driving growth in the Integrated Passive Devices market
The Integrated Passive Devices (IPD) market is experiencing strong growth, driven by the rising demand for miniaturized, energy-efficient components in industries like consumer electronics, automotive, and telecommunications. As the global electronics market exceeded \$2 trillion in 2024, the need for compact and high-performance solutions is more critical than ever. The expansion of 5G networks and IoT devices has fueled the adoption of IPDs, with companies like Qualcomm and Intel integrating these devices into their offerings for faster and more reliable connectivity. Additionally, the automotive sector's transition to electric vehicles (EVs) is driving the need for power-efficient components, enhancing battery performance, and reducing energy consumption. Wearables, another key market segment, also benefit from IPDs due to their small form factor and energy efficiency, as seen in popular devices like smartwatches. As manufacturers continue to innovate, IPDs are poised to play a crucial role in enabling the next generation of electronics across multiple industries.
Integrated Passive Devices Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.50% over the forecast period (2025-2032)
Based on Device Types segmentation, Inductors were predicted to show maximum market share in the year 2024
Based on Material segmentation, Ceramic was the leading Material in 2024
On the basis of region, Asia-Pacific was the leading revenue generator in 2024
The Global Integrated Passive Devices Market is segmented on the basis of Device Types, Material, Application, and Region.
The market is divided into four categories based on Devices Types: Inductors, Capacitors, Resistors, and Filters. Inductors lead the market due to their key role in energy storage and filtering applications. Capacitors are widely used for energy storage and stabilization. Resistors and Filters are also integral, with filters optimizing signal integrity and resistors controlling current flow in various devices.
The market is divided into five categories based on Material: Ceramic, Polymer, Metal, Silicon, and Glass. Ceramic materials dominate due to their high thermal stability and performance in various applications. Polymer materials are gaining traction for their flexibility and cost-effectiveness. Metals, silicon, and glass also play vital roles, with metals offering conductivity and silicon providing semiconductor functionality in IPDs.
Integrated Passive Devices Market- Geographical Insights
The Integrated Passive Devices (IPD) market exhibits strong geographical diversity, with Asia-Pacific maintaining a dominant position due to the high concentration of semiconductor manufacturing hubs in countries like China, South Korea, Japan, and Taiwan. The region benefits from government-backed initiatives such as China's "Made in China 2025" and South Korea's "K-Semiconductor Strategy," which aim to boost domestic production of advanced electronic components. North America also plays a critical role, fueled by growing investments in 5G infrastructure and the presence of leading tech firms and semiconductor foundries. The U.S. CHIPS and Science Act, which allocates over \$50 billion for semiconductor development, is further accelerating innovation in miniaturized device technologies. Meanwhile, Europe is advancing in automotive electronics and industrial IoT, with Germany and France leading efforts to integrate IPDs into electric vehicles and automation systems. The region's emphasis on high-reliability components for aerospace and defense also contributes to steady IPD demand. Collectively, these developments across regions underscore the strategic importance of IPDs in supporting modern electronics and future communication technologies.
The Integrated Passive Devices (IPD) market is moderately consolidated, with several global and regional players competing through product innovation, miniaturization technology, and integration capabilities. Leading semiconductor companies such as STMicroelectronics, Murata Manufacturing, and ON Semiconductor play a pivotal role by incorporating IPDs into RF modules, power management systems, and IoT devices. STMicroelectronics, for example, offers a broad portfolio of IPDs designed for smartphones, wearables, and automotive applications. Murata has been active in expanding its range of ceramic-based IPDs to support 5G and high-frequency communication. Additionally, foundries and packaging solution providers are increasingly partnering with fabless companies to co-develop customized passive integration solutions. Technological advances in wafer-level packaging and 3D integration are key differentiators in the competitive space, allowing players to meet demands for size reduction and higher performance. Startups and smaller firms are also entering the landscape, particularly in Europe and Asia, offering application-specific IPDs for niche markets like medical devices and aerospace. The competitive landscape continues to evolve with ongoing R&D investments, strategic collaborations, and a focus on energy efficiency and signal integrity improvements.
In February 2023, STMicroelectronics introduced nine RF integrated passive devices (IPDs) designed for antenna impedance matching, baluns, and harmonic filtering, enhancing wireless communication efficiency. Meanwhile, TSMC unveiled its wafer-level IPD technology, targeting large-scale production of 5G terminal devices.
In August 2024, Infineon has broadened its CoolGaN Drive product line by incorporating integrated drivers, aiming to improve energy efficiency and minimize system size in applications such as e-bikes and portable power tools.
In September 2023, X-FAB Silicon Foundries SE expanded its RF portfolio by introducing new fabrication capabilities for integrated passive devices (IPDs), aiming to strengthen its position in advanced RF applications and enhance support for high-frequency system designs.