Future Market Insights’ report titled 'Varactor Diode Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027' studies the performance of the global varactor diode market over a ten-year assessment period from 2017 to 2027. As per the assessment, the global varactor diode market was estimated to be valued at nearly $490 Million in 2017 and is likely to reach a valuation of nearly $1,300 Million in 2027, exhibiting a CAGR of 10.3% during the period of assessment 2017-2027.
Rising Adoption of 5G Technologies in the Coming Years and Increasing Usage of Smartphones to Boost the Global Varactor Diode Market
Varactor diodes that are used in wireless infrastructure play an important role in the proper functioning of 5G technology, as these diodes are increasingly used for enhanced linearity function for high speed applications. Due to the emergence of 5G technology, there will be a significant increase in the sales of electronic goods such as smartphones, laptops and tablets. Presently, 5G technologies are under research and development stage, and varactor diodes are majorly integrated in VCOs, and are used in applications like radar, consumer devices and seaports. Hence, manufactures are grabbing the chance of expanding their product portfolio of different kinds of varactor diodes that are used for several applications.
In addition, the market for varactor diodes is expected to witness a significant traction since the proliferation of smartphones is happening at a fast rate across the world. Since mobile phones accompanied with high speed data services are the norm of the day with a high usage rate, this is likely to positively impact the global varactor diode market.
Global Varactor Diode Market: Segmentation and Forecast
The global varactor diode market is segmented based on breakdown voltage, application and region. By breakdown voltage, the 5V-30V segment was estimated to be valued at nearly $300 Million in 2017 and is likely to reach a valuation of nearly $780 Million in 2027, exhibiting a CAGR of 10% during the period of forecast 2017-2027. By application, the mobile devices segment was estimated to be valued at nearly $260 Million in 2017 and is anticipated to reach a valuation of nearly $750 Million in 2027, displaying a CAGR of 11.2% during the assessment period. By region, the APEJ varactor diode market was estimated to be valued at nearly $140 Million in 2017 and is expected to reach a valuation of nearly $420 Million in 2027, exhibiting a CAGR of 11.7% during the period of forecast. If you need more details, request a sample report.
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