Tunable Capacitors are widely used in manufacture of consumer electronics goods like smartphones, laptops, and tablets.
Rising demand for consumer electronic devices across developed and developing economies coupled with technological advancements in tunable capacitors and development of new more precise tunable capacitors are major factors boosting growth of the global tunable capacitors market. But, counterfeit semiconductor products are a major factor restraining growth of the global market.
On the basis of application, the global tunable capacitors market is segmented into mobile devices, satellite communication, defense & military, and others. The mobile devices segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. Also, defense & Military segment is projected to witness moderate growth over the forecast period.
The global tunable capacitors market report has been segmented on the basis of voltage, application, and region. On the basis of region, the global tunable capacitors market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in Asia Pacific accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to presence of a large number of semiconductor industries in countries in the region. Moreover, increasing use of smartphones and other electronic goods are other major factors anticipated to propel growth of the Asia Pacific market over the forecast period. Revenue from the market in North America accounted for second-highest revenue share and is closely followed by the markets in Europe, Latin America, and Middle East & Africa respectively. This is attributed to high disposable income and increasing use of consumer electronics in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. This can be attributed to rising demand for consumer electronics in emerging economies such as China and India. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global tunable capacitors market include AT&T Inc., Cisco Systems Inc., Analog Devices Inc., On Semiconductor, STMicroelectronics Pvt. Ltd., Vodafone Group Plc., Huawei Technologies Inc., AAC Technologies Holdings Inc., Cavendish Kinetics Inc., and Qorvo, Inc.