Integrated Passive Devices Market Report 2025

The integrated passive devices market size has grown strongly in recent years. It will grow from $1.78 billion in 2024 to $1.95 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to miniaturization in electronics, wireless technology advancements, rapid growth in consumer electronics, demand for improved performance, cost and space efficiency.

The integrated passive devices market size is expected to see rapid growth in the next few years. It will grow to $2.87 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to IoT expansion, expansion of smart home technology, technological innovation in medical devices, increased connectivity needs, demand for automotive electronics. Major trends in the forecast period include emergence of wearable technology, demand for energy-efficient solutions, transition to higher frequencies, cost and space efficiency.

The rising demand for smartphones is anticipated to drive the growth of the integrated passive devices market in the future. A smartphone is a portable electronic device that connects to the internet and cellular networks. The GPS tracking system in smartphones requires an integrated passive device to monitor locations and record data. Therefore, the increasing demand for smartphones will lead to a heightened need for integrated passive devices. For example, in January 2022, a report from the Consumer Technology Association (CTA), a US-based trade association for consumer technology companies, projected that smartphone sales in 2022 would reach 154.1 million units, marking a 3% increase from 149.6 million units in 2021. Consequently, the growing demand for smartphones is propelling the integrated passive devices market.

The expansion of 5G connections is expected to boost the integrated passive devices market in the coming years. 5G, or the fifth generation of cellular network technology, is the successor to 4G LTE and aims to provide significantly faster data speeds, reduced latency, and increased capacity. Integrated passive devices (IPDs) are essential components in 5G connections, playing a crucial role in facilitating the high-speed, low-latency, and high-capacity data transmission that 5G technology offers. For instance, in February 2023, OMDIA, a UK-based consulting firm, reported that global 5G subscriptions rose by 466 million in 2022, and it is estimated that global 5G connections will reach 5.9 billion subscriptions by 2027. Thus, the increasing number of 5G connections is driving the growth of the integrated passive devices market.

Technological advancement is a prominent trend gaining traction in the integrated passive devices market. Major companies in this sector are concentrating on developing new technologies to maintain their market positions. For example, in September 2023, X-FAB Silicon Foundries SE, a Germany-based provider of fabrication services for analog and mixed-signal integrated circuits, introduced the XIPD process, a new capability for integrated passive device (IPD) fabrication. This innovative technology offers significant benefits over traditional surface-mount or discrete passive components by greatly reducing the size of semiconductor devices, resulting in smaller and more compact electronic systems. By integrating passive components directly into the chip, XIPD can lower the overall costs associated with semiconductor manufacturing. The XIPD process is based on X-FAB’s XR013 130nm RF SOI process and employs an engineered substrate with a thick copper metallization layer.

Leading companies in the integrated passive devices market are also focused on developing innovative products, such as RF-integrated passive devices (RF IPD), to gain a competitive advantage. An RF-integrated passive device (RF IPD) is a type of integrated circuit (IC) that combines various passive components, including resistors, capacitors, and inductors, into a single package. For instance, in February 2023, STMicroelectronics NV, a Switzerland-based semiconductor technology provider, launched the BALFHB-WL-01D3. This ultra-miniature balun integrates a matching network, balun, and harmonics filter specifically designed for the STM32WL sub-GHz wireless microcontrollers, utilizing IPD technology on a non-conductive glass substrate to enhance RF performance. The BALFHB-WL-01D3 features a 50 Ω nominal input, is conjugate matched to the BGA STM32WL, and maintains a 50 Ω nominal impedance on the antenna side for both Tx and Rx.

In April 2023, Qualcomm, a US-based semiconductor company specializing in telecommunications products, acquired Autotalks for $350 million. This acquisition is anticipated to bolster Qualcomm's automotive portfolio by incorporating Autotalks’ technology, which enhances vehicle safety and connectivity. The deal reflects a growing trend of consolidations in the integrated passive devices market, driven by the increasing demand for advanced automotive applications, especially in the age of connected cars and autonomous driving. Autotalks is an Israel-based firm focused on vehicle-to-everything (V2X) communication solutions.

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.

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. The countries covered in the integrated passive devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Integrated passive devices are components that are fully integrated and situated on a semiconductor substrate, encompassing passive circuit elements such as resistors, inductors, and capacitors. They find application in diverse fields such as aerospace and defense, wireless technology, and test and measurement.

The materials utilized in these integrated passive devices include silicon, glass, and other substances. Silicon, a metalloid element, exists in both brown noncrystalline and gray crystalline forms. The various passive devices include baluns, filters, couplers, diplexers, customized integrated passive devices, and others, which are packaged using wire bonding, single in-line package (SIL), quad flat no-lead (QFN), chip-scale package, wafer level package, and other packaging methods. These devices are employed for purposes such as electrostatic discharge (ESD) or electromagnetic interference (EMI), RF integrated passive devices, digital and mixed signals, and more. They are applied across diverse industries, including consumer electronics, automotive, communication, aerospace and defense, healthcare, and life sciences.

The integrated passive devices market research report is one of a series of new reports that provides integrated passive devices market statistics, including integrated passive devices industry global market size, regional shares, competitors with integrated passive devices market share, detailed integrated passive devices market segments, market trends, and opportunities, and any further data you may need to thrive in the integrated passive devices industry. This integrated passive devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The integrated passive devices market consists of sales of resistors, inductors, and spiral inductors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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