The new report by Expert Market Research titled, ‘Global Signal Generator Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global signal generator market, assessing the market based on its segments like products, technologies, applications, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Value (2020): USD 1053.87 Million
- Forecast CAGR (2023-2028): 8.2%
- Forecast Market Value (2026): USD 1691 Million
In the global signal generator market, North America is projected to be one of the leading regions. Suppliers are able to sell advanced signal generators due to the increasing prevalence of tech-savvy customers in the region. This increase in advanced signal generator sales is expected to propel the signal generators industry in the region. The overall signal generators industry is expected to benefit from the shifting of production centres from industrialised to emerging countries due to lower manufacturing costs.
Industry Definition and Major Segments
A signal generator generates waveforms of electrical signals. From the audio to the microwave spectrum, it provides specifically tuned repeated or non-repeating signals. The frequency, output voltage, impedance, and modulation of the waveforms produced by these generators can all be modified. These generators are used in a variety of industries, including aerospace, defence, and telecommunications, for characterisation, frequency estimation, stress/margin checking, measurement verification, and troubleshooting of various electronic devices.
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Based on product, the signal generator market can be divided into the following:
- RF Signal Generator
- Microwave Signal Generator
- Arbitrary Waveform Generator
- Vector Signal Generator
- Others
On the basis of technology, the market can be divided into:
- Global System for Mobile Phones (GSM)
- Code Division Multiple Access (CDMA)
- Wideband Code Division Multiple Access (WCDMA)
- Long Term Evolution (LTE)
- Others
The application sectors of signal generator include the following:
- Designing
- Testing
- Manufacturing
- Troubleshooting
- Repairing
- Others
Signal generator finds end uses in the following industries:
- Communications Industry
- Aerospace and Defence Industry
- Mechanical Industry
- Electronics Industry
- Healthcare
- Others
The regional markets for the product include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The rising demand for sophisticated signal generators, as well as greater precision, are the major factors driving the signal generator market forward. Telecommunications, aerospace, automobile, defence, commercial, and electronics are some of the major application segments of signal generators in the industry. The continued implementation of advanced technology in the downstream industries is the key reason for the rapid growth of these generators. In the forecast period, the growing demand for microwave signal generators is also expected to propel the signal generator market ahead.
Key Market Players
The major players in the market are Keysight Technologies, Rohde & Schwarz, Anritsu Corporation, Tektronix, Inc., B&K Precision Corporation, and Teledyne Technologies Incorporated, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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