Why is Integrated Passive Devices witnessing Significant Demand in the Global Market During 2017 - 2025?

Integrated passive device (IPD) is a technologically advanced system-in-chip packaging solution that provides a modular architecture in which wide variety of passive devices such as resistors, inductors, capacitors, filters, transceivers and receivers are integrated onto a silicon substrate. Utilization of integrated passive device helps to reduce the overall board surface area and the system cost associated with different passive components.

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Integrated passive devices are the most cost effective and reliable way for reducing interconnection complexity, improving component’s tolerance and yield. In some cases, for achieving superior performance of an IPD, various IPD manufacturers often employs a copper metallization technique that helps to deposit copper of eight microns or more on a silicon wafer. This in turn, results in achieving higher Q components which help to reduce loss in Radio Frequency (RF) signal transmission path, thereby improving the performance of a battery in a wireless system. The global integrated passive device market is expected to experience a rapid growth during the forecast period from 2017 to 2025 owing to its rising adoption across various IoT (Internet of things) devices and healthcare applications.

For the purpose of providing a detailed and comprehensive analysis of the market, the global integrated passive device market has been segmented on the basis of application, base, end user and geography. Based on the type of substrate onto which various passive devices are integrated, the market has been classified into silicon base and non-silicon base. Moreover, integrated passive devices also find its application across EMS (Electromagnetic Susceptibility) & EMI (Electromagnetic Interference) Protection IPD, RF IPD, LED (Light Emitting Diode) Lighting, Digital & Mixed Signal IPD. In addition, demand for integrated passive devices across various end user sector including consumer electronics, automotive and healthcare is also highlighted in this report. Furthermore, exhaustive analysis of the current market situation along with future expected growth trend of all the above mentioned segments including application, base and end user across various regions such as Asia Pacific, North America, Europe, Middle-East and Africa (MEA) and Latin America is also provided in this report.

Rising trend of miniaturizing consumer electronic devices along with increasing the performance of the product is the key factor predicted to boost the demand of integrated passive devices during the forecast period from 2016 to 2025. Utilizing integrated passive devices in consumer electronics results in manufacturing high performing system solution that provides a considerable reduction in size of die, number of interconnections, weight, and reduction in board space requirement. Thus, it helps to reduce the overall size of the circuitry to a great extent. In addition, increasing adoption of integrated passive devices across various RF applications owing to its compatibility with various assembly nodes including microbumping, wire bonding and CSP (Chip Scale Package) is also anticipated to trigger the demand of integrated passive devices in the coming years. IPD technology also covers various RF applications having a frequency range of 168 MHz and above including Sub-Giga, Bluetooth, WLAN (Wireless Local Area Network), ZigBee, WiMax (Worldwide Interoperability for Microwave Access) and LTE (Long Term Evolution) among others.

In spite of some many driving factors, high price of integrated passive devices in comparison to its discrete components is one of the key factor anticipated to inhibit the commercial success of integrated passive devices during the forecast period.

Among various applications, the global integrated passive device market is anticipated to be majorly driven by LED lighting segment in terms of growth in the coming years. Rapidly growing demand of LED is the most important factor attributed to this segments enormous growth.

Geographically, European region dominated the global integrated passive device market in 2016. However, Asia Pacific region is expected to witness the most promising growth in the coming years due to rising demand of technologically advanced smart phones, wearable devices and various IoT products.

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Some of the key players operating in the integrated passive device market includes On Semiconductor (The U.S.), Stats ChipPAC (Singapore), Infineon Technologies (Germany) and STMicroelectronics (Switzerland) among others.

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