- According to Technavio’s latest report, the global market for radio frequency signal generators is expected to grow by $6.17 million between 2020 and 2024, with an average annual growth rate of more than 1% over the entire forecast period.
Technavio’s report provides an analysis of the RF generator market and presents the impact on this market of the COVID-19 pandemic, which is expected to provide new growth opportunities.
Growth in the RF generator market was driven in 2019 by the telecommunications segment. It is expected to accelerate over the next five years.
The Asia-Pacific region was the largest market for RF signal generators in 2019.
Due to the high cost of traditional RF signal generators, USB-controlled RF signal generators are a less expensive alternative as they do not embed a PC. Thus, their emergence is driving the expansion of the global market for RF signal generators.