Signal Generator Market

Global Signal Generator Market Size (2023-2028)

The global signal generators market is expected to progress from USD 1.6 billion in 2022 to USD 2.8 million by 2028, with a CAGR of 8.23% over the outlook period (2023-2028).

A signal generator is an electronic test instrument that creates or generates repetitive or non-repetitive waveforms. Signal generators of all kinds are mainly used in the design, manufacture, maintenance and repair of electronic devices.

A device used for testing that produces repetitive or non-repetitive signals is called a signal generator. The output of the device is a repeating waveform and its characteristics are defined by the user. The signal generator is used to repair, design, troubleshoot and test electronic devices. Many applications of the signal generator can be found in the service and repair of electronic equipment and in research and development. The application of signal generators can be found in various industries such as telecommunications, defense, aerospace and others. The electronic instrument improves its capabilities when the equipment is integrated with advanced functions and features.

Radiofrequency signal generators are used to test receivers, test systems, and components in a variety of applications including industry, mechanics, and telecommunications. Radio frequency (RF) signal generators range from a few kHz to 6 GHz.

Recent Developments:

• July 2019: Rohde & Schwarz extended the frequency range of its industry-leading R&S SMA100B RF and microwave signal generator to 67 GHz. In higher range operations, it even provides signals up to 72 GHz.
• February 2019: Keysight Technologies launched its first integrated dual channel 44 GHz vector signal generator with 2 GHz bandwidth. The generator meets the most demanding broadband millimeter wave (mmWave) applications for 5G and satellite communications by declining the complexity and decreasing path losses caused by Over-the-Air (OTA) test environments.

Impact of COVID-19 On the Signal Generator Market:

The impact of the COVID-19 pandemic on the market is expected to be significant in the short and long term. Since most of the part suppliers of the 5G base station are situated in Hubei, Wuhan, there is a huge impact on the communications industry that is likely to have severe repercussions on the development of 5G infrastructure and the deployment of such services, which will indirectly have a negative effect on the global signal generator market.

Market growth and trends:

Telecommunications sector is expected to post strongest growth in Signal Generator Market

• The telecommunications industry is constantly evolving, but more importantly, it is a sector in which the absolute number of end users is enormous. This requires constant monitoring and testing to make sure everything is working as is. Hence, there is an increasing demand for testing and development process, which in turn contributes to the growing demand for signal generators in the market.
• The huge adoption rates of smartphones and other modules have dramatically increased data traffic. Data traffic and the number of data centers are increasing due to increased bandwidth consumption for a wide variety of applications and services resulting in increased data management.
• Mobile operators continually improve the quality of their services by monitoring and controlling the transmitted output power and analyzing and interpreting it using excellent sources. With LTE-A becoming a standard, meeting consumer demand, ensuring greater coverage and providing quality services is the main focus of companies in this industry.
• On the other hand, given the influence of the pandemic on the global economy, which in turn sees a weakening of consumer confidence and the demand for end devices, the postponement of the construction of 5G infrastructure and the demand for the restricted replacement of Smartphones will cause 5G smartphone sales to slow in 2020, which will affect the growth of the signal generators market.

Market Drivers and Restraints:

The growth of the global signal generator market is driven by factors such as the use of the signal generator in modern communication system environments. Signal generation equipment is used to generate real-time versions of complex signals in the real world. In addition, increased manufacturing operations in the Asia Pacific region have resulted in a growing demand for test equipment, including signal generators, in the region, thus acting as a driver for the market.

Manufacturers are trying to develop high-capacity devices at lower costs, thus anticipating the growth of the signal generator market. Industrial demand for advanced features and functions, the rapid development of wireless devices, and technological advancements are expected to drive the market. The emergence of new technologies such as EDGE, GSM, WiMAX and WCDMA could lead to market growth. The signal generator is in higher demand due to the advanced features, functionality, and higher precision of electronic devices. It had a lot of influence on the wireless telecommunications industry.

The inflated price of technology and the reluctance to invest in new technologies are the main challenges in the market for signal generators. The growth and development of the telecommunications industry and the growth of manufacturing plants are expected to create many opportunities in the worldwide market.

GLOBAL SIGNAL GENERATOR MARKET REPORT COVERAGE:

Market segmentation:

The global signal generator market is segmented by end user, products, applications, and technology.

Global Signal Generator Market-By End User:

The end user segment is classified into electronics, aerospace and defense, medical, industry, automotive, telecommunications, manufacturing, education and others.

Global Signal Generator Market-By Product:

On the basis of the product, the market diversifies into microwave signal generators, radio frequency signal generators and arbitrary waveform generators. The most important among others is the arbitrary wave signal generator product segment.

Global Signal Generator Market-By Application:

The Applications segment comprises of certification, design, repair, testing, and troubleshooting.

Global Signal Generator Market-By Technology:

Based on technology, the signal generator market is divided into long-term development, mobile phone system, broadband, code division multiple access, etc.

Regional Analysis:

North America and Asia-Pacific are the top regions in the world for signal generators. Asia-Pacific is expected to experience faster growth in the near future. Microwave signal generators are expected to be an important market in the future. China is the potential market for signal generators, while the change in manufacturing base due to low manufacturing cost in the Asia-Pacific region is expected to favor the market for signal generators. The rise of advanced technologies such as wireless services and Bluetooth technology is positively affecting the market boom in this area.

Key market players:

Major players operating in the global signal generator market include National Instrument Corp., Boonton Electronics Corp., Agilent Technologies Inc., Keithley Instruments, Giga-tronics, and Aeroflex. Other influential players include Stanford Research Systems, Anritsu Corp., Phase Matrix, B&K Precision, Fluke Corp., and Leader Electronics Corp.