RF Isolator Market to Reach $1.3 Billion, Globally, by 2032 at 5.9% CAGR: Allied Market Research
PORTLAND, Ore., May 30, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "RF Isolator Market By Type (Drop-In Isolator, Microstrip Isolator, Co-Axial Isolator, and Surface Mount Isolator), Application (800 to 900 MHz, and 1950 to 2000 MHz) and End User (Electronics, IT, Telecommunications, Military, Healthcare, and Other): Global Opportunity Analysis and Industry Forecast, 2023–2032". According to the report, the global RF Isolator industry generated $0.7 billion in 2022, and is anticipated to generate $1.3 billion by 2032, witnessing a CAGR of 5.9% from 2023 to 2032.
- Growth in demand for wireless communication systems drives RF isolator market growth.
- Industry 4.0 and automation in manufacturing create an opportunity demand for RF isolators in industrial applications.
- The COVID-19 pandemic had a mixed impact on the RF isolator market.
- The increase in adoption of Industry 4.0 and automation in manufacturing had created new opportunities for RF isolators in industrial applications.