ALBANY, New York, June 25, 2019 /PRNewswire/ -- The global varactor diode market is anticipated to clock a CAGR of approximately 6.5% during 2019 – 2027. Expanding at this pace, the global revenues are projected to surpass US$800 million by 2027-end.
A growing number of players in the global varactor diode market are focusing on developing varactor diodes that can be used in advanced applications in the RF industry, in order to consolidate their positions. Specifically, top diode manufacturers are unveiling devices whose capacitance is varied under high reverse-bias voltages, notes Transparency Market Research (TMR). Most manufacturers in the global varactor diode market are also working relentlessly to improve the operational efficiency of this voltage-dependent semiconductor device.
Some of the well-entrenched players operating in the global varactor diode market are STMicroelectronics, Toshiba Corporation, Microsemi Corporation, Infineon Technologies AG, and NXP Semiconductor.
Of the various end-use industries, consumer electronics held a sizable share in the global varactor diode market in 2018. In the next few years as well, the application is likely to hold its sway. The staggering rise in demand for smart consumer electronic devices will keep the demand lucrative.
Among the various regional markets for varactor diodes, Asia Pacific occupied a prominent position. This can be attributed to the marked presence of several semiconductor manufacturers in the region. Further growth is expected to be fueled in large part due to rising applications of varactor diodes in a vast range of consumer electronics in the region.
Strides Made in Radio Frequency Industry Bolster Prospects of Varactor Diode Market
The strides in the varactor diode market is increasingly reliant on the progress being made by the electronics and semiconductor industry in various parts of the world. The staggering demand for high-performance semiconductors in consumer electronics in developing and developed regions is a notable factor propelling the rapid expansion of the market. The prospects are also fueled by the growing demand for energy-efficient, smart consumer devices especially smart homes. Varactor diodes are extensively utilized in radio frequency (RF) circuits and voltage controlled oscillators. Particularly, these diodes can be used as tuners in RF filters. Of note, they have been used in satellite and terrestrial TV tuners.
Over the past few years, manufacturers have been focusing on making diodes that produce less noise, employ advanced voltage control technique, and are cost-effective. Focus has also been making voltage-dependent semiconductor device more reliable than other diodes, thereby accentuating the prospects in the varactor diode market. In recent years, the varactor diode market has been witnessing new avenues from the growing preference of the diode over p–n junction diodes. Strides made in the RF industry in developed regions is also imparting robust strides to the market's expansion. The demand for varactor diodes is also boosted by its application in tank LC circuits. The advent of varactor diodes with tight capacitance characteristics is likely to pave way for next-generation consumer electronics.
Demand for Next-generation Semiconductor Devices in Aerospace and Defense Creates New Revenue Streams
New streams of revenue are expected to come from the aerospace and defense sectors. This is attributed to the demand for high-performance RF filters in wide range of components in these sectors. Emerging industrial applications are also likely to expand the revenue generating potential of electronics and semiconductor manufacturers, especially those targeting developing economies.
Strides made by wireless communication infrastructures have also spurred the demand in the varactor diode market. A prominent and recent case in point is the deployment of 5G networks in a few developed markets. Moreover, the growing popularity of mobile cloud-based services is also imparting solid impetus to the varactor diode market. Further, growing research in developing self-driving cars has boosted the need for next-generation semiconductors. This has unlocked a vast potential in the global varactor diode market.
The study presented here is based on a report by Transparency Market Research (TMR), titled, "Varactor Diode Market (Product - Mobile Phones, TV Sets, Satellite Communication, and FM Radios; and End-use Industry - Consumer Electronics, Automotive, and Aerospace & Defense) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027."
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