Integrated Passive Devices Market Set for Robust Expansion Through 2035

 

The integrated passive devices (IPD) market is on a strong growth trajectory, fueled by rapid advancements in miniaturization, high-performance electronics, and 5G-driven innovation. Valued at US$ 1.5 Bn in 2024, the global market is projected to expand at a CAGR of 7.0% between 2025 and 2035, reaching US$ 3.2 Bn by 2035.

As analysts point out, IPDs are becoming central to the semiconductor ecosystem, bridging the gap between smaller device footprints and higher performance requirements. With the rise of 5G networks, IoT ecosystems, and ultra-thin consumer electronics, IPDs are poised to define the circuitry of tomorrow.

 

What Are Integrated Passive Devices?

Integrated Passive Devices are miniaturized electronic components embedded into a semiconductor substrate such as silicon, glass, or ceramic. They are used for RF systems, power management, and signal conditioning in compact, high-frequency circuits.

Key benefits include:

• Reduced parasitic effects
• Enhanced electrical performance
• Lower power consumption
• Space and cost savings

Their applications span across consumer electronics, telecommunications, automotive, healthcare, aerospace, and industrial sectors, making them indispensable to modern electronics.

 

Key Market Drivers

1. Miniaturization in Consumer Electronics

The push for smaller, faster, and smarter devices is driving demand for IPDs. Smartphones, wearables, and IoT devices increasingly rely on integrated passive solutions to ensure signal integrity and electromagnetic interference (EMI) shielding.

As per the IEEE, the adoption of system-in-package (SiP) and 5G-enabled devices is accelerating the deployment of IPDs. Semiconductor giants like TSMC and STMicroelectronics are advancing silicon-based IPD technology, reinforcing this growth trend.

2. Power Efficiency in Industrial and IoT Applications

Industrial automation and IoT connectivity require high-density, low-power semiconductor solutions. With over 29 billion connected IoT devices expected by 2030 (ITU), demand for compact and energy-efficient IPDs is set to surge.

In line with this, STMicroelectronics launched new RF IPDs in 2023 targeting 5G and automotive applications, underlining the industry’s commitment to innovation.

 

Substrate Trends: Silicon Leads the Way

Among substrates, silicon accounted for nearly 85% of the IPD market in 2024. Its ability to deliver high integration, superior miniaturization, and improved electrical performance makes it the material of choice for 5G infrastructure, IoT devices, and automotive systems.

With AI-enabled electronics, RF communication, and smart sensors gaining traction, silicon IPDs are expected to spearhead the next wave of technological progress.

 

Regional Outlook

While North America held the largest market share (27.8%) in 2024 thanks to its robust semiconductor ecosystem and strong 5G infrastructure, Asia-Pacific is emerging as the growth leader. With its massive electronics production base and rising consumer demand, the region is positioned to dominate IPD adoption over the forecast period.

 

Competitive Landscape

The IPD market is highly competitive, with key players including Broadcom, STMicroelectronics, Murata, Infineon, NXP Semiconductors, Texas Instruments, and TDK Corporation.

• Infineon expanded its CoolGaN Drive portfolio in 2024, offering improved efficiency for applications such as e-bikes and household appliances.
• X-FAB enhanced its IPD fabrication capabilities in 2023, strengthening its RF expertise.
• STMicroelectronics introduced nine new RF IPDs for antenna impedance matching and harmonic filtering, optimized for wireless microcontrollers.

These innovations highlight how industry leaders are focusing on efficiency, integration, and next-gen connectivity solutions.

 

Outlook to 2035

With the rise of 5G, IoT, AI-driven electronics, and autonomous vehicles, the integrated passive devices market will remain pivotal in shaping the future of technology.

By 2035, the industry’s projected value of US$ 3.2 Bn underscores its vital role as the backbone of miniaturized, high-performance, and energy-efficient electronics. Companies investing in IPDs today are effectively investing in the future of connected, intelligent devices.