Rising Demand for Medical Imaging Technologies is anticipated to openup new avenue for Radio Frequency Generator Market

 

Market Overview:

Radio frequency generators are electronic devices used to generate radio frequencies used in various applications including radio communication, medical imaging, RFID, semiconductor testing, plasma generation and wireless power transfer. The generators provide radio frequency signals for processes like MRI scans, electrosurgery, hyperthermia cancer treatment and other medical procedures. They are also utilized in scientific R&D, industrial testing and production of electronic components.

Market Dynamics:
Demand for advanced medical imaging technologies is one of the major drivers of the radio frequency generator market. Technologies like Magnetic Resonance Imaging (MRI), Computed Tomography (CT) scans, nuclear medicine imaging and electrosurgery procedures heavily rely on radio frequency generators to power the equipment. Increasing investments to upgrade healthcare infrastructure and growing geriatric population prone to disease is expected to drive the demand for medical imaging over the forecast period. Secondly, expanding applications of RF technology in various industries like automotive, consumer electronics and telecommunications has increased the need for RF testing equipment. Radio frequency generators are used for testing RF transmitters, receivers and components during production. Thus, growth in these industries will positively impact the generator market.

The Global Radio Frequency Generator Market Size is estimated to be valued at US$ 1.25 Bn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis
The global radio frequency generator market is segmented into industrial, automotive, and energy & power. Among these, the industrial segment dominates the market and accounts for more than 35% share of the total market. The industrial segment includes manufacturing units from sectors like aerospace & defense, semiconductor & electronics, and others. The growing use of RF generators in manufacturing, testing, and calibration processes across industries drives the demand for RF generators in the industrial segment.

PEST Analysis
Political: Government regulations regarding use of specific RF frequency bands impact the development of new products in compliance with regulations.
Economic: Growth of industries like automotive, healthcare, and telecommunications boosts investments in advanced manufacturing processes deploying RF generators.
Social: Increasing adoption of wireless technologies increases the need for testing RF components and systems.
Technological: Advances in RF technologies enable development of compact and high-precision generators supporting newer applications.

Key Takeaways
The global radio frequency generator market size was valued at US$ 1.25 Bn in 2023 and is expected to reach approximately US$ 2.1 Bn by 2030, expanding at a CAGR of 7.7% during the forecast period. rapid urbanization and industrialization drive the demand for advanced manufacturing processes deploying RF generators across regions.

North America dominated the market in 2023 and is expected remain the largest market during the forecast period as well. The widespread presence of aerospace & defense, semiconductor & electronics manufacturing units drive the regional market growth.

Key players operating in the radio frequency generator market are Keysight Technologies Inc., Rohde & Schwarz GmbH & Co. KG, Agilent Technologies, Inc.,Anritsu Corporation, TDK-Lambda Corporation, Advanced Energy Industries, Inc., Tektronix, Inc., Amplifier Research (AR),Thales Group, Teradyne, Inc., National Instruments Corporation, AMETEK, Inc., Boonton Electronics (Wireless Telecom Group), Electronics & Innovation, Ltd., NoiseXT.

Some of the major players are focusing on launching new and advanced product offerings to expand their market share. In addition, strategic collaborations with OEMs are among the key strategies adopted by market players.

For more details on the report, Read-

 

https://www.ukwebwire.com/radio-frequency-generator-market-demand-share-analysis/

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