A varactor diode is a P-N junction diode that changes its capacitance and series resistance when the bias applied to the diode is varied. Varactor diodes has wide range of application such as automatic frequency controllers (AFCS), ultra high frequency television sets, high frequency radios, frequency multipliers, band pass filters, and harmonic generators, owing to special property of varying capacitance with varying voltage. These diodes are mainly used in radiofrequency circuits, which are used in most of the electronic devices to provide a capacitance that can be varied by changing voltage in an electronics circuit. Growing demand for consumer electronics such as tablets, smartphones, electronic devices, and DVD recorders for entertainment, commercial, and educational purpose is expected to boost growth of the global varactor diode market.
High Expenditure on Research and Development by Defense, Aviation and Marine Industry is expected to Aid in Growth of the Global Varactor Diode Market. Global varactor diode market is segment into breakdown voltage and application. Application segment is further divided into mobile devices, satellite communication and defense, aviation & marine among these mobile device segment contribute to more than half the market share followed by satellite communication and then defense, aviation & marine. Governments of several countries are excessively spending on research and development to upgrade their weapons and equipment owing to security related issues. For enhanced security cases, radars are used on large number, which in turn will aid the global varactor diode market to grow. Radar contains varactor diode, which are used to provide signal tracking filters by working with voltage control oscillators.
The major restraining factor for global varactor diode market is the availability of zener diode and other diode as an alternative to varactor diode as it has similar properties and cost less than varactor diode. However, the use of zener diode is avoided where strict requirement of high range tuning diode is needed.
Varactor Diode Market - Impact of Coronavirus (Covid-19) Pandemic:
The spread of COVID-19 hampered the global economy severely. Lockdowns were imposed by governments of various countries. Due to financial crises all the projects in the defense, and aviation industry halted. This decline the demand for varactor diodes and hence the global varactor diode market witnessed a significant drop in business.
Asia Pacific held a dominant position in the global varactor diode market in 2021 Statistics:
Asia Pacific held a dominant position in the global varactor diode market in 2021, followed by North America
Figure 1: Global Varactor diode market Share (%), By Region, 2021
Asia Pacific held dominant position in the global varactor diode market in 2017, and is projected to retain its dominance throughout the forecast period. This is owing to huge customer base using smartphones and tablets and rapid development of 5G technology in this region. Large customer base using smartphone and tablets, owing to high population in countries such as India and China. The demand for mobile devices is expected to increase due to high disposable income and growing development of 5G technology in this region.
|Base Year:||2021||Market Size in 2021:||US$ 721.3 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||10.7 %||2030 Value Projection:||US$ 1,924.47 Mn|
NXP Semiconductors, STMicroelectronics, Arrow Electronics, Inc., Infineon Technologies AG, ON Semiconductor, MACOM, Vishay Intertechnology, Inc., Microsemi, Analog Devices, Inc., Integrated Device Technology, Inc., Toshiba, and Skyworks Solutions
|Restraints & Challenges:||
North America region is expected to show significant growth in the forecast period. The marine industry in North America is flourishing rapidly. The use of GPS (global positioning systems) in the marine industry is growing significantly. There are continuous improvements carried out for safer marine transportation. Varactor diodes are used as clippers, limiters, gates, and clampers in the communication and navigation systems. This growth in the marine industry is having a positive impact on the growth of the varactor diode market in North America
Figure 2: Global Varactor Diode Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030
The global varactor diode market was valued at US$ 721.3 Mn in 2021 and is expected to reach US$ 1,924.47 Mn by 2030, growing at a CAGR of 10.7% between 2022 and 2030.
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, Inc., Integrated Device Technology, Inc., Toshiba, and Skyworks Solutions.
Varactor diodes are also called as varicap diodes, which are semiconductors devices that change its capacitance and series resistance when the bias applied to the diode is varied. Varactor diodes are the part of voltage control oscillators (VCO), which are used in radio frequency circuits. The global varactor diode market has expanded significantly in the recent past due to its advantages such as low cost and low noise as compared to other diodes.
Demand for varactor diode is increasing owing excessive use of mobile devices among the young generation for entertainment purpose. Moreover, enhanced internet facility across the globe has also increased the use of mobile devices for educational and commercial purposes, which in turn increases growth of the varactor diode market. The use of varactor diode is essential for wireless communication to tune/switch the operating frequency or to control the position of radiation pattern, thus rapid enhancements in 5G technology, which is at the final stage, will help the market to grow during the forecast period. Furthermore, growing investment on research and development of military equipment in the field of defense by government of various countries due to securing border risks and securities will also fuel the growth of the varactor diode market.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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