Integrated Passive Device Market Industry Overview, Market Status and Trend, Driving Factor Analysis, Major Players and Forecast 2027

The Integrated Passive Device (Ipds) Market growth shall be fostered by the numerous features offered by IPDs system such as reduced interconnection complexity, improved performance, reduced package footprints, improved component tolerance and output, and better flexibility. These advanced characteristics will escalate the high adoption rate of integrated passive devices in numerous smart consumer wearables, IoT and AI-enabled devices, and infotainment and navigation systems in automobiles.

The incorporation of IPDs system will facilitate manufacturers of automobiles and consumer electronics devices to minimize the overall cost and gain small footprint packages. Reportedly, global integrated passive device market size is estimated to surpass US$2 billion by2026.

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Substantial investment by the governments to develop the automotive industry will augment the high adoption of IPDs system in vehicle components. As per the European Commission, Gestamp, a Spanish multinational company, which has specialties in the developing and manufacturing metal components for automobiles, will receive a loan amount of EUR200 million from the European Investment Bank (EIB), to upgrade its research capabilities for the production of lighter, safer, and environmentally friendly cars. Similar investments will bolster the opportunities for auto component and technology developers.

 

The integrated passive devices industry share from the automotive segment accounted for 17% market share in 2019 and is expected to record 8% CAGR up to 2026. The growth is predominantly attributed to the extensive utilization of IPDs in vehicle electronics for wireless communication. IPDs system are widely used in vehicle electronic applications such as digital speedometer, electronic control unit (ECU), intelligent headlights, and others, due to the cost-effectiveness associated with the product.

 

The utilization of alumina packaged, and GaAs IPD helps in preventing devices from moisture and enhances the electrical and thermal performances of equipment. Companies are proactively innovating new products to cater to the escalating demand in the industry.

 

For example, Mitsubishi Electric in August 2018, introduced a new GaAs high-frequency device, ideal for satellite communicating, compound semiconductor, communication receiving devices, and broadcasting devices. The advent of modern equipment will augment the demand for IPDs system.

 

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The material segment of the integrated passive device industry will expand at 6% CAGR up to 2026. The material segment is comprised of silicon and glass. The increasing adoption of silicon and glass in highly saturated electron semiconductor materials for information storage, military application, medical treatment, lasing, sensing, and others will enhance the performance of electrical devices.

 

The diplexers segment held a considerable market share of nearly 15% in 2019. The high adoption of diplexer in 5G communication systems and the telecommunication sector will provide exponential growth opportunities to the industry.

 

IPDs with diplexer and filters used for several lumped-element circuits and frequency bands for impedance matching. Additionally, diplexers are incorporated into global positioning systems (GPS), antennas, and front-end modules of cellular infrastructure (2G, 3G, WCDMA, LTE), wireless base stations, IoT applications, and automotive telematics. The introduction of such sophisticated devices would accelerate the high adoption rate of IPDs in the electrical industry.

 

Europe integrated passive device industry held a market share of 18% in 2019 and is estimated to expand at 7% CAGR in the forthcoming years. The regional industry expansion would majorly be fostered by the presence of several government initiatives and support to uplift semiconductor manufacturing across the continent.

 

Leading companies of the global integrated passive devices industry are emphasizing on new product development to gain a competitive advantage in the industry. Also, extensive R&D activities and business collaborations would help companies operating in the industry to fulfill the growing demand for advanced devices and consolidate their position in the global market.

 

Browse key industry insights spread across 200 pages with 229 market data tables and 23 figures & charts from the report, Integrated Passive Devices Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/integrated-passive-device-market

Report Content

Chapter 3   Integrated Passive Devices Industry Insights

3.1    Industry segmentation

3.2    Consumer electronics industry landscape

3.3    Automotive industry landscape

3.4    Impact analysis of corona virus (COVID-19) pandemic on integrated passive devices market

3.4.1    Global outlook

3.4.2    Impact by region

3.4.2.1    North America

3.4.2.2    Europe

3.4.2.3    Asia Pacific

3.4.2.4    Latin America

3.4.2.5    MEA

3.4.3    Industry value chain

3.4.3.1    Research and development

3.4.3.2    Manufacturing

3.4.3.3    Marketing

3.4.3.4    Supply

3.4.4    Competitive landscape

3.4.4.1    Strategy

3.4.4.2    Distribution network

3.4.4.3    Business growth

3.5    Industry ecosystem analysis

3.5.1    Raw material & component supplier

3.5.2    Manufacturers

3.5.3    Distribution channel

3.5.4    End-user

3.5.5    Vendor matrix

3.6    Technology & innovation landscape

3.7    Regulatory landscape

3.7.1    North America

3.7.2    Europe

3.7.3    Asia Pacific

3.7.4    Latin America

3.7.5    MEA

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1    Emphasis towards 5G adoption around the globe

3.8.1.2    Rising trends towards vehicle electronics and in vehicle communication systems

3.8.1.3    Increasing demand for miniaturized and high performance consumer electronics

3.8.1.4    Growing adoption of integrated passive devices in medical sector

3.8.2    Industry pitfalls and challenges

3.8.2.1    High cost of integrated passive devices in comparison with discrete components

3.9    Growth potential analysis

3.10    Porter’s analysis

3.10.1    Industry rivalry

3.10.2    Threat of new entrants

3.10.3    Buyer power

3.10.4    Supplier power

3.10.5    Threat of substitutes

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