The global varactor diode market is expected to grow at a CAGR of 10.56% during the forecast period. Based on the application, the global varactor diode market has been segmented into consumer electronics, satellite communication, EW equipment, and others. As per the latest market research report published by Technavio, the global varactor diode market size will grow by over USD 334.9 million by 2023. Get the free sample report below for the detailed information.
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In the consumer electronics segment, the demand for varactor diodes is driven by the integration of varactor diodes into mobile computing devices, DVD recorders, and TV tuners. The demand for varactor diodes in the consumer electronics segment is driven by the increasing demand for mobile computing devices incorporating advanced technologies and high-definition TVs. It is also driven by the increased investments in 5G technology.
In APAC and EMEA, the demand for low-cost smartphones manufactured by Chinese vendors is high. Developing countries, such as China and India, are becoming potential markets for low-cost smartphones. The introduction of 5G technology will enable OEMs to integrate advanced features in smartphones. This will necessitate the integration of varactor diodes into smartphones to achieve the desired carrier frequency. Hence, the consumer electronics segment was the largest segment in the global varactor diode market during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
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