According to the latest market research report from Technavio, the radio frequency (RF) signal generator market size is expected to post a CAGR of close to 2% from 2019 to 2023.
The growing number of manufacturing units will be one of the major factors behind the radio frequency (RF) signal generator market growth. Companies are focusing on increasing the construction of manufacturing units as product manufacturing is a critical activity in many countries. For instance, NISSAN MOTOR announced the plan to start the manufacturing of its Nissan Frontier pickup truck vehicles in Argentina. The demand for RF signal generators is expected to be driven by the increasing demand for automation solutions in discrete and process manufacturing units. OEMs that plan to construct new manufacturing sites will require new test equipment, which is likely to increase the sales of RF signal generators.
In the report "Global Radio Frequency (RF) Signal Generator Market 2019-2023", Technavio highlights the emergence of USB-controlled RF signal generators, which will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Radio Frequency (RF) Signal Generator Market: Emergence of USB-Controlled RF Signal Generators
With the high cost of traditional RF signal generators, the industry needs low-cost alternatives. This has resulted in the development of USB-controlled RF signal generators. The cost and efficient function of USB-controlled RF signal generators for applications such as wireless communications systems, microwave point-to-point backhaul radio systems, software-defined radio (SDR), and radar systems are factors fueling the adoption of these RF signal generators. Moreover, USB-controlled RF signal generators enable users to generate high-quality RF signals easily and at an extremely low cost without the need for a host PC. Thus, the emergence of USB-controlled RF signal generators is one of the major trends driving the expansion of the global RF signal generator market.
Radio Frequency (RF) Signal Generator Market: Segmentation Analysis
This market research report segments the radio frequency (RF) signal generator market by application (telecommunications, aerospace and defense, mechanical, and electronics), and geography (APAC, Europe, South America, MEA, and North America).
The APAC region led the radio frequency (RF) signal generator market in 2018, followed by North America, Europe, South America, and MEA respectively. However, the North American region is expected to witness the highest incremental growth during the forecast period, due to several factors such as the presence of leading vendors, increased demand for electronic devices, emerging wireless standards, increased R&D spending, and increased investments in the aerospace and defense sector.
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