Varactor Diode Market Report Covers Detailed Industry Scope, Future Scenario And Elaborates Outlook To 2027

 

Varactor Diodes – Critical in Wireless Technology 

The exponential growth in the electronics industry has created significant opportunities for a host of component manufacturers. Varactor diode manufacturers have also seen demand increasing steadily in the recent past; however, reliance on quantity alone may not suffice in the long run. As devices becoming smarter and high-tech, varactor diode manufacturers are staring at a future where legacy components may become obsolete. To sustain and succeed, development of new products, through rigorous research and development, will be the key. Transparency Market Research (TMR) in its latest study, analyzes these global varactor diode market comprehensively, offering readers rare insights and analysis on how demand will evolve in the future. 

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Increasing Applicability of Varactor Diodes 

The proliferation of smart devices has necessitated the need for smarter components used in the manufacturing of these devices. Component manufacturers are being hard-pressed to develop and enhance the working of varactor diodes, as they play a significant role in providing the desired capacitance changes. Device manufacturers are looking for diodes that are reliable, incur lesser cost, and generate low noise—varactor diodes more or less satisfy these requirements. Driven by their growing applicability, the varactor diode market is likely to cross US$ 800 million by the end of 2027. 

The adoption of varactor diodes has substantially increased in the aerospace and defense industry too. Varactor diode manufacturers are aware of the growing opportunities, and it is highly likely that demand from aerospace and defense will translate into a larger revenue share than it does currently. 

Reverse Bias Mode Continues to Impede Pervasive Adoption 

Varactor diodes mainly work on the reverse bias mode. As such, their application is limited in a few industries. On the other hand, ordinary diodes work on the forward bias mode, allowing them to have a wide range of industrial applications. Owing to this fact, varactor diode manufacturers have limited scope in which to experiment, which also limits their scope of innovation. This, in turn, is obstructing the growth of the global varactor diode market.  

Adoption of 5G Technology to Influence the Smarter Adoption of Varactor Diodes 

The semiconductor industry is keenly observing the broader developments in wireless and 5G technology. The massive investments in these technologies has already created significant opportunities for semiconductor industry in general, and varactor diode manufacturers in particular. In a bid to capitalize on these opportunities, strategic partnerships, mergers, and acquisitions are in the offing. 

Recently, Movandi and NXP Semiconductors N.V. entered into a strategic partnership to collectively work on millimeter wave solutions for 5G networks. With this initiative, they will collectively deliver high-performance 5G solutions and wireless communication infrastructure for applications such as smart homes, self-driving cars, and mobile cloud-based services. 

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Skyworks Solutions, Inc., another prominent player in the global varactor diode market, entered into a collaboration with MediaTalk Incorporated to deliver a standard-based 5G solution. 

China and India at the Forefront of Demand 

Growing demand for smartphones in China and India continue to drive demand for varactor diodes. Based on recent studies, the number of mobile phone users in Asia Pacific is projected to cross 2.8 billion by the end of 2019. Increasing Internet penetration and disposable income have meant that demand for smartphones is not going to subside anytime soon—a critical factor that can ensure sustained demand for varactor diodes in the region. 

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