A new report pertaining to the varactor diode market is published by TMR, according to which, the global varactor diode market is anticipated to surpass a value of US$ 800 Mn by 2027, while expanding at a CAGR of more than 6.5% during the forecast period, i.e., 2019-2027. As per the report, the global varactor diode market is expected to be influenced by a range of macroeconomic and market-specific factors.
Varactor diodes are used in the frequency-tuning circuits that mobile phones and TV sets use to get tuned to the desired frequency. Capacitance that can be altered by changing the voltage in these circuits is offered by varactor diodes. With the augmenting usage of mobile phones for numerous applications such as access to social media platforms, Internet browsing, and other e-Commerce applications, the demand for varactor diodes is also rising. Additionally, the benefits offered by varactor diodes over other p–n junction diodes, and the need of use of varactor diodes in tuning circuits like automatic-frequency controllers, voltage-controlled oscillators, and RF circuits, are anticipated to fuel the global varactor diode market during the forecast period.
The TMR report offers comprehensive segmentation of the global varactor diode market based on product (mobile phones, TV sets, satellite FM radios, and others) and end-use industry (consumer electronics, automotive, aerospace & defense, and others). The report has segregated the global market based on region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). In terms of the end-use industry, the consumer electronics segment accounted for a dominant share of the market in 2018. The segment is expected to maintain its dominance in the global market during the forecast period. Better performance offered by varactor diodes in the reverse-bias mode is anticipated to drive the global varactor diode market during the forecast period.
Region-wise, Asia Pacific has the presence of a many semiconductor companies as well as consumer electronics companies operating in the varactor diode market. Based on revenue, Asia Pacific dominated the global varactor diode market in 2018, thanks to the high consumption of consumer electronic devices such as mobile phones, TV sets, and FM radios, in the region. The report also provides the profiles of major players operating in the global varactor diode market. These companies include NXP Semiconductor, Skyworks Solution Inc., Infineon Technologies AG, Microsemi Corporation, MACOM Technology Solutions Holdings, Inc., Toshiba Corporation, On Semiconductor, ST Microelectronics, ASI Semiconductor Inc., and Murata Manufacturing Co., Ltd.
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