Integrated Passive Device Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4124
Integrated Passive Device Market size is projected to grow at a fast rate from 2019 to 2025 owing to increasing demand for high-performance components in the consumer electronics sector to provide efficient functioning. The exponential rise in population coupled with rising disposable incomes has surged the demand for enhanced quality consumer electronic devices. The integration of passive devices, such as resistors, capacitors, and integrated networks, form the core part of advanced consumer electronic products. The demand for handheld wireless devices that use these circuits will drive the integrated passive device market. The trend of lightweight small devices will support industry growth.
The high cost of these devices is a key factor hampering the integrated passive device market growth. The growing electronics sector is demanding a high scale integration of these devices, increasing the overall manufacturing cost. Moreover, the increasing complexity of these devices is posing several technical challenges for manufacturers. The difficulty in modifying an integrated circuit after its fabrication is also a significant factor hindering the market growth. The high cost of these devices in conventional packaging restricting their widespread adoption will impact the industry growth.
Technological advancements in the electronics industry will favor the market growth. The integration of these devices with silicon wafers will further enhance their capabilities, enabling the manufacturing of thinner & smaller devices. These devices are increasingly being used in several latest applications that include IoT and AI. The companies offering customized passive devices that find applications in specialty technologies, such as cellular encryption and GPS tracking, will also support the market growth. Wafer-level packaging technologies provide a wide range of possibilities for implementing these passive components. The trend of miniaturized electronics will drive industry expansion.
Rapid growth in the wireless communication sector will fuel the integrated passive device market growth. Reliable and high-speed data communication have become crucial ever since the growing popularity of smartphones. The rising awareness about 5G technology in the emerging economies will provide lucrative growth opportunities for industry growth. These devices are essential blocks of mobile and wireless communication systems. They can be used for high-frequency applications in wireless communication technologies. Government initiatives supporting advanced communication techniques for the overall infrastructure development will favor the market growth.
Silicon-based devices in the integrated passive device market are expected to witness a high demand owing to the advantages offered by the integration of silicon with passives. Silicon forms a stable base substrate that features a very small thermal coefficient expansion mismatch with the connected ICs. The material provides necessary insulation, ensuring smooth performance of devices. The integration of silicon with passive yields will benefit from wireless designs. Silicon provides the perfect combination of thickness and thermal conductivity, creating a high demand in the market. Moreover, thermomechanical stresses during the processing and application are minimized with the use of silicon-based devices.
The flourishing automotive sector is witnessing high development in the market. Automotive manufacturers are increasingly incorporating the latest advanced technologies such as AI, IoT, and remote device tracking. Integrated devices form the base of these advanced technologies. Ultra-miniaturized low-cost RF passives are being deployed for applications in the automotive sector. The demand for filter components and advanced capacitors that deliver the required miniaturization and integration in robust vehicle environments will favor the integrated passive device market growth.
The RF integrated passive device market will experience growth with RF lumped elements being the significant building blocks for the designing of passive circuits. The glass-based RF passives enable high-performance components for 5G, LTE, IoT connectivity, and satellite communications. The advent of 5G communication technology will support the RF passives industry. RF front end designers require passive devices that serve in several functional blocks in their radio designs. Advancements in the semiconductor & electronics industry will support the market growth. The thriving wireless communication sector will surge the demand for these devices globally.
The integrated passive device market is anticipated to witness strong growth in Asia Pacific owing to the booming electronics and communication sector in several countries including China, India, and Japan. The improving standard of living in countries including India coupled with the rising disposable incomes is expected to surge the demand for high-performance passives. Increasing investments in the technical sector in several countries in Europe will boost the market in the region. The advanced automotive industry of Germany demanding a high-level integration of electronics will favor industry growth. The rise in the number of technology providers looking to expand their market presence globally will aid in the industry flourishment in the region.
Major players operating in the integrated passive device market include STATS ChipPAC Ltd, Texas Instruments Inc., Micron Technology Inc., STMicroelectronics, 3DiS Technologies, NXP Semiconductors, On Semiconductor Corporation, Johanson Technology, Inc., Murata Manufacturing Co., Ltd., and Taiwan Semiconductor Manufacturing Company Limited. The industry is characterized by huge investments in R&D for launching new solutions. Companies are striving to keep in pace with the developments in technology. They are undergoing strategic collaborations to strengthen their product landscape. Increasing competition among major players to launch new solutions will drive the market.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Why Global Market Insights, Inc.?
- GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.
Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.