Latest market study on “Integrated Passive Device Market to 2027 by Material (Glass, Silicon, and Others); Product (Baluns, Filter, Diplexers, Couplers, and Others); Application (ESD/EMI Protection, Digital and Mixed Signals, RF IPD, and Others); and End- User (Consumer Electronics, Healthcare, Telecommunication, Aerospace and Defense, and Automotive)– Global Analysis and Forecast”, the Integrated Passive Device market is estimated to reach US$ 1,647.8 million by 2027 from US$ 820.6 million in 2018. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The integrated passive device is witnessing a huge adoption in automotive infotainment segment during the forecast period. Various service providers operating in the market are focused on offering advanced chipsets with enhanced features and competitive price. Further, the increasing trend of the vehicle to vehicle communication, automotive infotainment, and others are significantly driving global integrated passive device market. Integrated passive device market is witnessing multiple partnerships, mergers, and acquisitions among the players for the development of advanced offerings.  
The integrated passive device market has recently witnessed a significant adoption in Asia Pacific countries such as India, China, and others. The growth in adoption of the integrated passive device is attributed to several factors such as increasing trend of integration of electronics in automotive, increasing number of connected devices, increasing number of smartphones, and others.  

The key players are making significant investments in the research and developments to offer advanced product and services to its customers. For instance, in 2018, 3D Glass Solutions introduced its First Integrated Passive Devices PDK, which is developed in collaboration with NI AWR software experts. This new IPD PDK permits the design of high-performance components specifically for 5G, LTE, internet of things (IoT), and satellite communication. 

Some of the key players in the integrated passive device market are Johanson Technology, Inc., STMicroelectronics N.V., Murata Manufacturing Co., Ltd., OnChip Devices, Inc., 3D Glass Solutions, Inc., AVX Corporation, STATS ChipPAC Pte. Ltd., NXP Semiconductors N.V., ON Semiconductor, and Infineon Technologies with a considerable share of the market owing to its product offerings and regional presence.   

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