What Fueled The Previous Growth In The Signal Generators Market?
The signal generators market has seen considerable growth due to a variety of factors.
• In recent times, the market size for signal generators has seen robust expansion. The market is anticipated to propel from a worth of $1.5 billion in 2024 to a valuation of $1.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.0%.
Factors contributing to the growth observed in the historical period include a burgeoning telecommunications industry, rising demand for electronic devices, progress in aerospace and defense sectors, the global expansion of electronics manufacturing, and accelerated growth in IoT (Internet of Things) devices.
How Does the Forecast Look for the Signal Generators Market?
The signal generators market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the signal generators market is poised for substantial expansion, maturing to a market size of $2.1 billion in 2029 and progressing at a compound annual growth rate (CAGR) of 6.7%.
The growth throughout the estimated period can be ascribed to various factors including the roll-out of 5G, the rise of innovative communication standards, burgeoning use cases in the automotive sector, and the amalgamation of AI and ML. Moreover, the surge in demand within the healthcare electronics sector also fuels the market growth. A number of trends, including technological progress, greater emphasis on research and development, advancements in renewable energy technology, heightened focus on cybersecurity, and the rising adoption of remote testing solutions, are set to shape the market landscape in the forecast period.
What Are The Leading Drivers Of Growth In The Signal Generators Market?
The advancement of the automotive industry is anticipated to drive the expansion of the signal generator market. The said industry encompasses the conglomerate of corporations, operations, and activities directly associated with the formulation, evolution, fabrication, and associated operations of motor vehicles. The persistent and strong demand for automobiles is propelled by improvements in fuel efficiency, autonomic driving capabilities, and a pivot in consumer preference towards mobility services. Signal generators come into play in the automotive sector for testing and diagnosing various vehicle components, thus ensuring safety, performance, and dependability of contemporary vehicles. For instance, data from the European Automobile Manufacturers Association, based in Belgium, records that the global production of motor vehicles had an impressive spike to 85.4 million units in 2022, showing a significant increment of 5.7% compared to the previous year, 2021. Moreover, information from Brand Finance plc, a brand valuation firm from the UK, indicates that the automobile domain boasted roughly 78 million units sold in 2022, an outstanding rise of 10% compared to past years. Consequently, the expanding automotive industry is facilitating the growth of the signal generator market.
How Are The Segments Defined Within The Global Signal Generators Market?
The signal generators market covered in this report is segmented –
1) By Product: General Purpose Signal Generator, Special Purpose Signal Generator, Function Generator
2) By Technology: 2G, 3G, 5G - 4G
3) By Application: Designing, Testing, Manufacturing, Troubleshooting, Repairing, Other Applications
4) By End User Industry: Telecommunication, Aerospace And Defense, Automotive, Electronics Manufacturing, Healthcare
Subsegments:
1) By General Purpose Signal Generator: Analog Signal Generators, Digital Signal Generators
2) By Special Purpose Signal Generator: Arbitrary Waveform Generators (AWG), Vector Signal Generators (VSG), RF Signal Generators
3) By Function Generator: Low-Frequency Function Generators, High-Frequency Function Generators
Pre-Book The Signal Generators Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Signal Generators Market?
Leading players in the signal generator market are concentrating on creating innovative products like the next-generation vector signal generator in order to gain a competitive advantage. This advanced gadget generates accurate, complex modulated signals crucial in testing and evaluating communication systems, and offers improved signal fidelity, bandwidth, and versatility for various uses. For instance, Keysight Technologies Inc., an American electronics company, released the N5186A MXG Vector Signal Generator in September 2023. Functioning across DC to 8.5 GHz with a modulation bandwidth of 960 MHz per channel, this compact 2U unit supports up to four channels. Its direct digital synthesis (DDS) technology allows for minimum signal distortion. The inclusion of an embedded reflectometer improves setup efficiency and its low phase noise guarantees high-quality signal production, making it a perfect fit for difficult applications in the commercial and aerospace defense industries.
Who Are the Key Players In The Signal Generators Market?
Major companies operating in the signal generators market are:
• Agilent Technologies
• Ametek Inc.
• Fluke Corporation
• Teledyne Technologies Incorporated
• Keysight Technologies
• Advantest Corporation
• Yokogawa Electric Corporation
• Rohde & Schwarz GmbH & Co. KG
• Anritsu Corporation
• Berkeley Nucleonics Corporation (BNC)
• Rigol Technologies Inc.
• Good Will Instrument Co. Ltd.
• Averna Technologies Inc.
• EA Elektro-Automatik GmbH & Co.KG
• Elcom Technologies Inc.
• Aeroflex Industries Ltd.
• Giga-tronics Incorporated
• Hameg Instruments GmbH
• Aim-TTi (Thurlby Thandar Instruments)
• Keithley Instruments LLC
• RF-Lambda USA LLC
• Link Microtek Ltd.
• Vaunix Technology Corporation
• Holzworth Instrumentation Inc.
• Signal Forge
What Is The Most Dominant Region In The Signal Generators Market?
Asia-Pacific was the largest region in the signal generators market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the signal generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
