The light weight varactor diode are a semiconductor device that plays a vital role as a variable capacitor which operates on reverse-biases only. Several manufacturers are investing heavily in research and development field in order to enhance products efficiency and achieve futuristic demand for varactor diode. Varactor diode, also known as varicaps are mostly used in particular device that needs electronic tuning like radios.
According to the Future Market Insights report, the global varactor diode market is estimated to be valued at US$ 470.0 Mn in 2017 and expected to reach US$ 1,300 Mn by the end of 2027. The market is expected to register an excellent CAGR of 10.3% during the forecast period 2017 – 2027. Increasing manufacturing of varactor diode directly proportionate with the increasing demand for mobile devices.
What are the market dynamics to drive demand for varactor diode across the globe?
- Heavy investment in research & development field in development of 5G technology
- Ever increasing demand for smartphones
- Increasing usage of varactor diode in defense industry
- Continuous integration of new technology and innovative product launch
Which region is expected to offer immense opportunities for varactor diode market?
The Asia-Pacific is expected to represent outstanding growth followed by North America in the global varactor diode market. Emerging economies like India and China are expected to witness substantial growth in mobile subscriber base. The continuous development in mobile technologies, particularly in 5G technology is likely to have positive impact on varactor diode market during the forecast period. Moreover, increasing middle class population in this region is expected to fuel demand for advanced mobile service to participate in social media, BFSI (Banking financial services and insurance) and e-commerce. Thereby, APEJ market players are expected to account for remarkable opportunities in the near future.
How can demand for consumer electronic goods influences varactor diode market?
With the increasing global population especially middle class group, rise in disposable income has been observed from the recent past. Thereby, demand for consumer electronic goods is highly anticipated to increase in coming years. Manufacturing of products such as DVD players and recorders, smartphone, tablets, etc. are expected to achieve robust growth which results to fuel demand for varactor diode. Thus, market players manufacturing varactor diode are expected to account for prosperous opportunities owing to developing technology in consumer electronic products during the forecast period.
Where can manufacturers find substantial growth to drive varactor diode market?
Market players operating in defense industry are highly focusing to develop their standard products and increase investment spending in research and development activities. The increasing use of radar is highly likely to influence demand for varactor diode. As radar contains large amount of VCO (Voltage controlled oscillators) which is eventually comprised of varactor diode. Such radars find several application in military aircrafts, seaports and marine ships to increase overall efficiency of ammunitions. With the increase in military budget of several countries for nation’s security, varactor diode manufacturers are expected to hold potential opportunities in this industry during the forecast period. In addition, use of varactor diode is expected to increase in the field of marine, aeronautics in the near future.
Who are the key stake holders in varactor diode market?
Several manufacturing companies involved in defense industry are strongly focusing to establish long term relations with the solution providers in order to modify functionality of end products and improved efficiency. Companies like NXP Semiconductors, MACOM, STMicroelectronics, Vishay Intertechnology, Analog Devices Inc., Integrated Device Technology Inc., Analog Devices Inc. and Micro Semi Corporation among others operating in the security and vulnerability management market.
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