Integrated Passive Devices Market Showing Footprints for Strong Growth by 2026
The integrated passive devices 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 market 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 integrated passive devices market.
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 integrated passive devices market.
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.
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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 devices market 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.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Scope & definition
1.2 Methodology & forecast
1.3 Data Sources
1.3.1 Primary
1.3.2 Secondary
Chapter 2 Executive Summary
2.1 Integrated passive devices market 3600 synopsis, 2016 - 2026
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Material type trends
2.1.4 Passive devices trends
2.1.5 Application trends
2.1.6 Industry verticals trends
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