Global Varactor Diode Market to Surpass US$ 1,296.7 Million by 2026 – Coherent Market Insights
SEATTLE--(BUSINESS WIRE)--Feb 5, 2019--According to Coherent Market Insights, the global varactor diode market was valued at US$465.17 million in 2017, and is projected to exhibit a CAGR of 10.1 % over the forecast period (2018 – 2026).
Key trends and analysis of the global Varactor Diode market:
The global varactor diode market is expected to significantly grow during the forecast period, owing to rising demand for consumer electronic devices among the young generation for entertainment, commercial, and educational purpose. Use of varactor diodes in radar systems such as satellites, military equipment, and weapons to provide signal tracking filters and detect objects such as spacecraft, aircraft, guided missiles, and motor vehicles will also propel growth of the global varactor diode market. Moreover, the demand for varactor diode is increasing owing to its various advantages such as low cost and low noise compared to other diodes.
Governments of various countries are focusing on developing wireless technologies to develop 5G technology, where varactor diodes are used to enhance linearity function for high speed applications, thus will boost growth of the market. Moreover, growing investment in research and development of defense equipment and weapons owing to growing border security concern is expected to contribute towards growth of the varactor diode market. Favorable market condition and growing disposable income among the people to buy electronic goods has increased growth of the market.
The major restraining factor for global varactor diode market is the use of zener diodes, which are used as substitute of varactor diode, as it possess same properties of varactor diode, and are used in narrow band FM modulator.
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Key Market Takeaways:The global varactor diode market is projected to witness CAGR of 10.1 % during the forecast period, owing to increasing demand for consumer electronics devices and growing investment on research and development in defense sector. Asia Pacific held the dominant position in the global varactor diode market in 2017, and is expected to retain its dominance throughout the forecast period. This is owing to increasing demand of mobile devices and growing disposable income in this region. North America is expected to be the fastest growing market throughout the forecast period, owing to huge investment by the U.S. government on research and developed of military equipment and weapons. Among breakdown voltage, the 5V-30V segment is projected to hold major share in the global varactor diode market. This is due to increasing use of 5V-30V varactor diode in smartphones and other mobile devices as they produce less noise, are small in size and are cost effective. Among application verticals, mobile device segment is expected to witness significant growth in the global varactor diode market over the forecast period. Varactor diodes are used in almost all the mobile devices, thus growth of this segment directly propels growth of the market. Major players operating in the global varactor diode market include NXP Semiconductors, STMicroelectronics, Arrow Electronics, Inc, Infineon Technologies AG, ON Semiconductor, MACOM, Vishay Intertechnology Inc., Microsemi, Analog Devices Integrated Device Technology, Inc., and others
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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CONTACT: Mr. Shah
Coherent Market Insights
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INDUSTRY KEYWORD: TECHNOLOGY HARDWARE OTHER TECHNOLOGY SEMICONDUCTOR MOBILE/WIRELESS
SOURCE: Coherent Market Insights
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PUB: 02/05/2019 08:30 AM/DISC: 02/05/2019 08:30 AM