Growing Number of Manufacturing Units to Boost Radio Frequency Signal Generator Market Growth during 2020-2024| Technavio
The global radio frequency signal generator market size is poised to grow by USD 6.17 million during 2020-2024, progressing at a CAGR of over 1% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Radio Frequency (RF) Signal Generator Market 2020-2024 (Graphic: Business Wire)
The radio frequency (RF) signal generator market is driven by the growing number of manufacturing units. 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.
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Emergence of USB-controlled RF signal generators will be a Key Market Trend
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.
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Radio Frequency Signal Generator Market 2020-2024: Key Highlights
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