According to a recent study from market research firm Global Market Insights, the integrated passive devices market growth shall be fostered by the numerous features offered by IPDs system such as reduced interconnection complexity, improved performance, reduced package footprints, improved component tolerance and output, and better flexibility.
These advanced characteristics will escalate the high adoption rate of integrated passive devices in numerous smart consumer wearables, IoT and AI-enabled devices, and infotainment and navigation systems in automobiles.
The incorporation of IPDs system will facilitate manufacturers of automobiles and consumer electronics devices to minimize the overall cost and gain small footprint packages. Reportedly, global integrated passive devices market is estimated to surpass US$2 billion by2026.
Substantial investment by the governments to develop the automotive industry will augment the high adoption of IPDs system in vehicle components. As per the European Commission, Gestamp, a Spanish multinational company, which has specialties in the developing and manufacturing metal components for automobiles, will receive a loan amount of EUR200 million from the European Investment Bank (EIB), to upgrade its research capabilities for the production of lighter, safer, and environmentally friendly cars. Similar investments will bolster the opportunities for auto component and technology developers.
Mentioned below are some of the key trends that may propel integrated passive devices market outlook:
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.
Growing demand for ESD/EMI integrated passive devices Market
The electrostatic discharge/electromagnetic interference accounted for over 40% 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.
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.