Signal Generators Market Analysis

Global Signal Generators Market Overview

Signal Generators Market Size was valued at USD 1.2 Billion in 2022. The Signal Generators market industry is projected to grow from USD 1.3 Billion in 2023 to USD 2.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.80% during the forecast period (2024 - 2032). The automobile industry, aerospace and defense, wireless communications, and emerging technologies like 5G, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Signal Generators Market Trends

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  Growing automotive industry is driving the market growth

  
  

One of the market's driving forces is the automotive industry. The rising popularity of electric vehicles in developing nations could spur market expansion during the predicted period. Signal generators are now required for testing and troubleshooting sensors, solenoids, actuators, primary and secondary ignitions, and communication data streams as a result of the increased use of electronic parts and sensors in automobiles. Signal generators are frequently used in the automotive industry to test in-car entertainment systems and driver assistance technologies like reverse parking sensors and remote keys.

Due to the need for testing during the research and development of autonomous vehicle technologies and hybrid powertrain systems, the need for signal generators has risen recently. Signal generators are being used more and more by international automakers to guarantee the security, excellence, and dependability of the radars and sensors employed in autonomous vehicle technologies. Signal generators check the connectivity of vital systems like radars, sensors, and the main processing unit. Recent developments in electrical and electronic vehicle technology have made signal generators almost essential for testing, troubleshooting, and diagnostics.

There is a new standard to protect GNSS-based devices from the effects of neighboring band interference in addition to the new eCall standards. The European Telecommunications Standards Institute (ETSI) implemented this standard. The standard makes sure that every new or modified GNSS product introduced in the European Union can resist interference from neighbouring bands and continue to function normally. Signal generators are needed since these systems also need to be tested.

The creation of autonomous vehicles has raised the need for radar-based and sensor-based systems that are used to ensure safe operation. These sensors and radars operate at an ultrasonic frequency with an approximate 40 kHz spectral range. The need for signal generators with frequencies of 50–100 MHz is being driven by new automotive systems, which are being developed in response to an increase in the deployment of in-car entertainment systems and rising R&D expenditures. Thus, driving the Signal Generators market revenue.

Signal Generators Market Segment Insights

Signal Generators Product Insights

The Signal Generators Market segmentation, based on Product, includes general purpose signal generator, special purpose signal generator, and function generator. The market's largest contributor is the general-purpose signal generator segment. To assess the design of circuits, especially those in communication equipment, radiofrequency (RF) signal generators are widely used to generate continuous radio frequency signals with specific qualities. Only the optimal conditions can be produced by an RF signal generator for measuring the test object. It makes no measurements by itself. Both RF and microwave signal generators are extensively used in a wide range of applications, including cellular communications, Wi-Fi, WiMAX, GPS, satellite communications, audio and video transmission, radar, and electronic warfare.

Signal Generators Technology Insights

The Signal Generators Market segmentation, based on Technology, includes 2G, 3G, and 5G - 4G. The 3G segment held the largest market share in 2022. Code division, sometimes referred to as WCDMA (wideband CDMA) or UMTS, is a more capable and flexible technology that distinguishes 3G GSM as a CDMA technology (Universal Mobile Telephone System). WCDMA, as the name suggests, has a higher data capacity while requiring bigger channels than earlier CDMA systems. Anritsu Co. was one of the first companies to develop test solutions for assessing Third Generation Partnership Program Wideband Code Division Multiple Access components and base stations with its MG3681A signal generator and MS8608A transmitter tester.

Signal Generators Application Insights

The Signal Generators Market segmentation, based on Application, includes designing, testing, manufacturing, troubleshooting, repairing, and other applications. In 2022, the designing segment dominated the global market for signal generators. Electronics are being used in a growing number of medical applications these days, from large imaging equipment to smart tags for surgical packs. Signal generators have been used in the design, testing, and engineering of medical electronics.

Signal Generators End User Industry Insights

The Signal Generators Market segmentation, based on End User Industry, includes telecommunication, aerospace and defense, automotive, electronics manufacturing, healthcare, and other end-user industries. The largest market belongs to the telecommunication segment, which is anticipated to expand at a robust CAGR over the forecast period. A signal generator is widely used to produce a stable sinewave. This steady sinewave has numerous uses in telecommunications.

Figure 1: Signal Generators Market, by End User Industry, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Signal Generators Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Signal Generators Market dominated this market in 2022 (45.80%). Suppliers are able to advertise sophisticated signal generators in this area since there are more tech-savvy consumers there. The market for signal generators in the region will expand significantly as a result of this increase in advanced signal generator sales. It is projected that the market for signal generators will benefit from the shifting of production bases from developed to developing countries due to cheap manufacturing cost locations. Further, the U.S. Signal Generators market held the largest market share, and the Canada Signal Generators market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: SIGNAL GENERATORS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Signal Generators market accounts for the second-largest market share. The rising use of contemporary technology and semiconductors across numerous regional sectors is driving the industry's expansion. One of the largest telecom markets in Europe is that of the United Kingdom, and it is projected that the sector's growth will have a significant impact on market growth. Further, the German Signal Generators market held the largest market share, and the U.K Signal Generators market was the fastest growing market in the European region

The Asia Pacific Signal Generators market is expected to register significant growth from 2023 to 2032. Due to China's continued imports of varied, foreign electronic equipment, its semiconductor consumption is increasing more swiftly than that of other nations. The most widely used 5G network services reportedly went live in 2021 with China Mobile, China Unicom, and China Telecom, the three largest Chinese network operators. Moreover, China’s Signal Generators market held the largest market share, and the Indian Signal Generators market was the fastest growing market in the Asia-Pacific region.

Signal Generators Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Signal Generators market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Signal Generators industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Signal Generators industry to benefit clients and increase the market sector. In recent years, the Signal Generators industry has offered some of the most significant advantages to medicine. Major players in the Signal Generators market, including Keysight Technologies Inc., Rohde & Schwarz Gmbh & Co. Kg, National Instruments Corporation, Anritsu Corporation, Tektronix Inc. (Keithley Instruments Inc.), Teledyne Technologies Incorporated, B&K Precision Corporation, Fluke Corporation, Stanford Research Systems, Good Will Instrument Co. Ltd, and Yokogawa Electric Corporation, are attempting to increase market demand by investing in research and development operations.

A subsidiary of China Mobile Hong Kong (BVI) Limited, China Mobile Ltd. (China Mobile) provides a wide array of mobile services, including voice consumption services and voice value-added services. The business also provides a variety of data services, such as wireless data, wireline broadband, information services, and application services. These services include short messaging service (SMS) and multimedia message service (MMS), as well as wireless data and MMS. China Mobile chose the Rohde & Schwarz R&S SMM100A vector signal generator in October 2021 to test its 5G technologies.

Manufacturers of electronic test, measurement, and communications equipment include Rohde & Schwarz GmbH & Co KG. Equipment for test and measurement, broadcasting, secure communications, radio monitoring, and IT security are the company's main specialties. Airborne communications, naval communications, tactical communications, wireless communication solutions, avionics and navigation, network infrastructure and testing, border and perimeter control, cybersecurity, and public safety are additional solutions offered by Rohde & Schwarz. The R&S SMM100A, the only vector signal generator in its class with mmWave testing capability, was released by Rohde & Schwarz in January 2021. The gadget satisfies the exacting requirements for producing digital signals for the most cutting-edge wireless communication devices going into production and creating new goods and technology.

Key Companies in the Signal Generators market include

• Keysight Technologies Inc.


• Rohde & Schwarz Gmbh & Co. Kg


• National Instruments Corporation


• Anritsu Corporation


• Tektronix Inc. (Keithley Instruments Inc.)


• Teledyne Technologies Incorporated


• B&K Precision Corporation


• Fluke Corporation


• Stanford Research Systems


• Good Will Instrument Co. Ltd


• Yokogawa Electric Corporation

Signal Generators Industry Developments

January 2022 Both the Interference Waveform Pattern for 5G NR Receiver Test MX371055A and the Interference Waveform Pattern for LTE Receiver Test MX371054A software have been made available in Australia by Anritsu Corporation.

May 2021 LYNX Technik, a developer of modular signal generating and processing interfaces, unveiled Callisto+, the newest addition to its line of greenMachine general-purpose hardware products. With the same feature set and performance as the current greenMachine Titan hardware (4K capable), Callisto+ is a 2x 3G capable addition.

Signal Generators Market Segmentation

Signal Generators Product Outlook

• General Purpose Signal Generator


• Special Purpose Signal Generator


• Function Generator

Signal Generators Technology Outlook

• 2G


• 3G


• 5G - 4G

Signal Generators Application Outlook

• Designing


• Testing


• Manufacturing


• Troubleshooting


• Repairing


• Other Applications

Signal Generators End User Industry Outlook

• Telecommunication


• Aerospace and Defense


• Automotive


• Electronics Manufacturing


• Healthcare


• Other End-user Industries

Signal Generators Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America