Driven by such developments, GMI, Inc., reports that the integrated passive device market may exceed USD 2 billion by 2026. Growing trends of vehicle electrification and vehicle to vehicle communications along with the proliferation of 5G technology could generate new growth strides in integrated passive device (IPD) market. Miniaturization of consumer durables is expected to drive the demand for these IPD devices. These devices provides smaller footprint, low power consumption and high chip connectivity, hence triggering its use into smart wearable devices.

Integrated passive device market have multiple features including better reliability, improved performance, reduced interconnection complexity, reduced package footprint and enhanced component tolerance & output. These features are expected to fuel product adoption in several IoT and AI-enabled devices, infotainment and navigation systems in automotive. Integration of IPD can help lessen system cost and achieve the required small footprint packages, helping automobile and consumer electronics device manufacturers meet requirements.

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Several IPD companies are integrating new techniques and innovations into the product, such as dielectric metals, 3D passive components, and thick layers to obtain insulation and high capacitance. In 2020, key market player Johanson Technology, Inc. announced the release of its front-end integrated passive device for specific chipsets.

Mentioned below are some of the key trends that may propel integrated passive device market outlook:

1. Increasing adoption of devices fitted with diplexers

Integrated passive devices with filters and diplexers find usage in frequency bands and lumped-elements circuit used for the purpose of impedance matching. Diplexers are used in GPS, antennas, cellular infrastructures like 2G, 3G and LTE, automotive telematics, IoT applications and front-end modules of wireless base stations.

The devices give stable and reliable temperature performance, high-performance and low insertion loss. In 2019, the diplexers segment held around 15% industry share and is anticipated to rise further credited to growing adoption of the devices in 5G communication systems and in the telecommunication industry. 

1. Growing demand for ESD/EMI integrated passive devices

The electrostatic discharge/electromagnetic interference accounted for over 40% integrated passive device market share in 2019 and is likely to register more than 8% CAGR by 2026. IPD with ESD/EMI possess the ability to offer flexible designs, giving better solutions like fast rise time and low voltage discharge with enhanced performance and robustness in less development cycle. ESD/EMI integrated passive devices help in improving signal reception and stop transmission loss, which makes them highly popular for mobile phone applications.

1. Robust application in the automotive industry

The automotive sector held over 17% market share in 2019 and is estimated to record a CAGR of over 8% in the upcoming years owing to surging use of integrated passive devices in car electronics for wireless communication purpose. IPDs are cost-effective and are finding high demand in automotive electronic applications such as digital speedometers, intelligent headlights, and electronic control unit.

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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 device 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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