Integrated Passive Devices Market Size worth $2,658.17 Million by 2032 | CAGR: 5.50%

The global Integrated Passive Devices Market is expected to grow at growth rate of 5.50% to reach USD 2,658.17 Million by 2032.

The Integrated Passive Devices (IPD) market is experiencing strong growth, driven by the rising demand for miniaturized, high-performance electronic components in sectors such as consumer electronics, automotive, and telecommunications. IPDs integrate multiple passive components—resistors, capacitors, and inductors—into a compact, single-package solution, enabling manufacturers to save board space, lower power consumption, and enhance overall device efficiency. This demand is fueled by broader industry trends. With the global electronics market exceeding $2 trillion in 2024, the pressure to develop smaller, more efficient systems is mounting. The deployment of 5G networks and the proliferation of IoT-connected devices are key catalysts, as IPDs support the high-frequency requirements and compact form factors needed in modern designs. In the automotive industry, the rise of electric vehicles (EVs) and autonomous driving technologies is accelerating the adoption of IPDs, which contribute to signal integrity, reduce electromagnetic interference, and enhance reliability in harsh environments.

However, the market does face hurdles. The complexity of integrating passive elements at micro scales, along with high initial development and fabrication costs, can be barriers to widespread adoption. Additionally, scaling IPD designs for varied applications requires technical expertise and advanced manufacturing capabilities. Despite these challenges, the outlook remains positive. Demand for energy-efficient, space-saving components in wearables, smartphones, and connected home devices continues to grow. Advances in materials science and precision manufacturing are expanding design possibilities, reinforcing IPDs’ role as vital building blocks in next-generation electronics.

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The Integrated Passive Devices (IPD) market is witnessing strong growth, propelled by rising demand for compact, energy-efficient components across diverse sectors such as consumer electronics, automotive, and telecommunications. With the global electronics market exceeding $2 trillion in 2024, the push for smaller, high-performance solutions has become increasingly vital. Key technological shifts are accelerating IPD adoption. The global rollout of 5G and the surge in IoT applications require components that can deliver high-frequency performance in compact devices—an area where IPDs excel. Major players like Qualcomm and Intel are embedding these components into next-generation chipsets to enable faster, more reliable connectivity.

The automotive industry’s shift toward electric vehicles (EVs) is another critical growth driver. As EVs demand more efficient, compact electronics to improve battery performance and reduce power consumption, IPDs provide a solution by enhancing signal integrity and lowering energy loss. European Union initiatives to scale up local battery production and promote sustainable mobility are expected to further bolster IPD demand in the region. Wearable technology also represents a key application area, where the need for ultra-miniaturized and energy-efficient components aligns well with IPD capabilities. As devices become more feature-rich while shrinking in size, the role of IPDs becomes increasingly central. According to Grand View Research, the global IPD market is projected to reach $2.03 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030. This growth reflects the market’s strategic importance in enabling next-generation electronic innovations across industries.

KEY BENEFITS OF THE REPORT:

• Insights into strategies adopted by key players to maintain competitiveness.
• Comprehensive analysis of the leading companies shaping the competitive landscape.
• Examination of the key drivers fuelling global market growth.
• Identification of the geographic regions expected to experience the highest growth.
• Detailed evaluation of the current market conditions and future growth projections.

The Integrated Passive Devices (IPD) market is moderately consolidated, characterized by the presence of established global leaders alongside agile regional and niche players. Competition is centered around technological innovation, particularly in miniaturization, high-frequency performance, and application-specific customization. Industry leaders such as STMicroelectronics, Murata Manufacturing, and ON Semiconductor dominate the landscape. STMicroelectronics maintains a broad IPD portfolio catering to smartphones, wearables, and automotive systems, with a strong emphasis on integration and energy efficiency. Murata leverages its expertise in ceramic-based components to expand its IPD offerings, especially for high-frequency applications like 5G and mmWave communication. ON Semiconductor, on the other hand, integrates IPDs into power-efficient solutions aimed at industrial automation and next-generation vehicles.

A notable trend reshaping the market is the growing collaboration among semiconductor foundries, packaging technology firms, and fabless semiconductor companies. These partnerships are focused on co-developing tailored IPD solutions using advanced manufacturing techniques such as wafer-level packaging (WLP) and 3D integration—key to meeting the demand for ultra-compact, high-performance electronic systems. Meanwhile, emerging startups and regional firms—especially across Europe and Asia—are carving out a niche by delivering application-specific IPDs for specialized markets including medical devices, aerospace, and defense. These players often capitalize on cutting-edge materials and design agility, giving them a competitive edge in addressing highly specific performance requirements.

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL INTEGRATED PASSIVE DEVICES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

• Analog Devices, Inc.
• AVX Corporation
• Broadcom Inc.
• Honeywell International Inc.
• KEMET Corporation
• Kyocera Corporation
• Murata Manufacturing Co., Ltd.
• NXP Semiconductors N.V.
• Panasonic Corporation
• Qualcomm Technologies, Inc.
• Samsung Electro-Mechanics Co., Ltd.
• STMicroelectronics N.V.
• TDK Corporation
• Texas Instruments Inc.
• Vishay Intertechnology, Inc.
• Yageo Corporation
• Others

GLOBAL INTEGRATED PASSIVE DEVICES MARKET, BY DEVICE TYPES- MARKET ANALYSIS, 2019 - 2032

• Inductors
• Capacitors
• Resistors
• Filters

GLOBAL INTEGRATED PASSIVE DEVICES MARKET, BY MATERIAL- MARKET ANALYSIS, 2019 - 2032

• Ceramic
• Polymer
• Metal
• Silicon
• Glass

GLOBAL INTEGRATED PASSIVE DEVICES MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

• Telecommunications
• Automotive
• Consumer Electronics
• Industrial Automation
• Medical Devices

GLOBAL INTEGRATED PASSIVE DEVICES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Italy
• Spain
• The Netherlands
• Sweden
• Russia
• Poland
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Thailand
• Philippines
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of LATAM

The Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Turkey
• Algeria
• Egypt
• Rest of MEA