RF Monitor Market to Expand at CAGR of 6.4% During Forecast Period – TMR Insights

RF Monitor Market to Expand at CAGR of 6.4% During Forecast Period - TMR Insights
RF Monitor Market To Reach Valuation Of US$ 663 Mn By 2030

Transparency Market Research delivers key insights on the global RF monitor market. In terms of revenue, the global RF monitor market is estimated to expand at a CAGR of 6.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global RF monitor market.

The global RF monitor market is broadly affected by several factors, including increasing applications in a wide range of sectors and rising adoption of advanced technology. Thus, expanding applications of RF monitor in different sectors is propelling the global market.

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RF Monitor Market: Dynamics

Technological developments have being witnessed across all the industries for the last few decades, and safety policies are becoming more stringent. Hence, manufacturers across industries are looking for the devices to monitor the electromagnetic field. The industries where RF monitors are used include telecommunications, manufacturing, transportation, and security & surveillance. Furthermore, manufacturers of RF monitors are focusing on research & development as well as product launch to gain competitive advantage. For instance, in September 2020, FieldSense launched a personal RF monitor in response to an increase in demand affordable and robust devices for tower climbers. This product was developed to cater to the needs of mobile carriers based in South Africa.

Radio frequency safety for tower technicians is an important concern and hence, the demand for RF monitors is increasing, which, in turn, is fueling the market. Furthermore, it has been found that radio and television towers, broadcasting towers, portable radio systems, microwave antennas, and cellular towers emit harmful RF radiation, which is fueling the demand for RF monitor.

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Manufacturers of RF monitors are investing in research & development and manufacturing of RF safety devices for tower climbers. For instance, the personal RF monitor developed by FieldSense is built for tower technicians and consists of features such as data logging, fall detection alarm, and voice notes.

However, high costs associated with RF devices and training, regular maintenance requirement, and complexity in manufacturing process may hamper the RF monitor market.

RF Monitor Market: Prominent Regions

The RF monitor market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and rising usage of RF monitor in various applications in the region. The RF monitor market in Europe is projected to expand considerably during the forecast period, due to a rise in investments by manufacturers of RF monitors in the region. The Asia Pacific RF monitor market is likely to expand during the forecast period, owing to an increase in usage of RF monitor in telecommunication, aerospace & defense, and media sectors and the presence of a large number of players designing and producing RF monitors.

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RF Monitor Market: Key Players

Key players operating in the global RF monitor market are FieldSense, Microwave Vision Group, Narda Safety Test Solutions, Wavecontrol, CRFS Limited, LBA Group, Inc., Digital Global Systems, LS Telcom AG, and GME Supply.

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