VARACTOR DIODE MARKET ANALYSIS

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.

Recent Developments:

• In June 2022, Toshiba, a Japanese multinational conglomerate and Premier Farnell Ltd, a distributor of products for electronic system design collaborated to strengthen the supply chain for new and innovative products. This extended partnership will broaden the range of innovative discrete devices and power semiconductors offered by Premier Farnell Ltd.

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.

Restraint:

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

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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.

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

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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.