Integrated Passive Devices Market on Track for Strong Growth, Estimated to Grow at 10.1% CAGR Through 2029

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What Is the Expected CAGR for the Integrated Passive Devices Market Through 2025?
The market size of integrated passive devices has experienced substantial expansion in the past years. The anticipated growth is from $1.78 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%. Factors behind the growth in the historical period include the miniaturization of electronics, advancements in wireless technology, a surge in consumer electronics growth, and a growing demand for better performance, cost-effectiveness, and efficient use of space.

What's the Projected Size of the Global Integrated Passive Devices Market by 2029?
Over the subsequent years, the size of the integrated passive devices market is anticipated to experience a swift expansion. By 2029, it's expected to reach a worth of $2.87 billion, progressing at a compound annual growth rate (CAGR) of 10.1%. This anticipated growth during the forecast period can be linked to the spread of IoT, advances in smart home technology, innovation in medical device technology, increased demand for connectivity and rising need for automotive electronics. Prevailing trends throughout the forecast duration will likely include the introduction and development of wearable tech, an increased demand for energy-efficient solutions, a shift towards higher frequency operations, and the need for cost and space efficiency.

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Top Growth Drivers in the Integrated Passive Devices Industry: What's Accelerating the Market?
The growth of the integrated passive devices market is projected to be propelled by the escalating demand for smartphones. A smartphone is a mobile electronic gadget that has connectivity to the internet and cellular networks. To track location and log data, the GPS tracking system of a smartphone requires an integrated passive device. So, as the demand for smartphones surges, the need for integrated passive devices is equally expected to rise. For example, a report issued by the Consumer Technology Association (CTA), a US trade association dedicated to representing consumer tech firms, posited in January 2022 that smartphone sales in that year could reach 154.1 million units, showing a 3% rise from 149.6 million units in 2021. Therefore, the amplified use of smartphones is fueling the expansion of the integrated passive devices market.

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What Trends Will Shape the Integrated Passive Devices Market Through 2029 and Beyond?
The primary trend gaining momentum in the integrated passive devices market is progression in technology. In a bid to maintain their market status, prominent companies in the integrated passive devices market are focusing on the creation of new technologies. For instance, X-FAB Silicon Foundries SE, an analog and mixed-signal integrated circuits fabrication provider from Germany, introduced the XIPD process, a fabrication capability for integrated passive devices (IPD), in September 2023. This revolutionary technology provides major benefits in comparison to traditional surface-mount or discrete passive components by remarkably minimizing the size of semiconductor devices, allowing for the development of more compact electronic systems. By incorporating passive components directly into the chip, XIPD can effectively decrease the overall cost of manufacturing semiconductors. The XIPD process is grounded in X-FAB's XR013 130nm RF SOI process and employs an engineered substrate equipped with a thick layer of copper metallization.

What Are the Main Segments in the Integrated Passive Devices Market?
The integrated passive devices market covered in this report is segmented -

1) By Material: Silicon, Glass, Other Materials
2) By Passive Devices: Baluns, Filter, Couplers, Diplexers, Customized Integrated Passive Devices, Other Passive Devices
3) By Packaging: Wire Bonding, Single In-Line Package (SIL), Quad Flat No Lead (QFN), Chip-Scale Package, Wafer Level Package, Other Packagings
4) By Application: Electrostatic Discharge (ESD) Or Electromagnetic Interference (EMI), RF Integrated Passive Device, Digital And Mixed Signals, Other Applications
5) By End-Use: Consumer Electronics, Automotive, Communication, Aerospace And Defense, Healthcare And Life Sciences

Subsegments:
1) By Silicon: Bulk Silicon, SOI (Silicon-On-Insulator)
2) By Glass: Borosilicate Glass, Silicate Glass
3) By Other Materials: Ceramic, Polymeric Materials, Metal-Based Materials

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Which Top Companies are Driving Growth in the Integrated Passive Devices Market?
Major companies operating in the integrated passive devices market include Infineion Technologies AG, STMicroelectronics N.V., Murata Manufacturing Co. Ltd., Johanson Technology Inc., OnChip Devices Inc., STATS ChipPAC Corp., ON Semiconductor Corp., Broadcom Inc., Skyworks Solutions Inc., Texas Instruments Inc., NXP Semiconductors NV, Vishay Intertechnology Inc., TDK Corporation, Taiyo Yuden Co. Ltd., AVX Corporation, Samsung Electro-Mechanics Co. Ltd., Panasonic Corporation, Yageo Corporation, Walsin Technology Corporation, Chilisin Electronics Corp., Coilcraft Inc., Pulse Electronics Corp., KEMET Corporation, Renesas Electronics Corporation

Which Regions Will Dominate the Integrated Passive Devices Market Through 2029?
North America was the largest region in the integrated passive device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the integrated passive devices market report during the forecast period. The regions covered in the integrated passive devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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