Press release
Primary Catalyst Driving Signal Generators Market Evolution in 2025: Impact Of The Automotive Industry On The Signal Generator Market Driver
Signal Generators Market
The expansion of the automotive industry, which encompasses companies and organizations involved in vehicle design, creation, production, and related activities, is anticipated to boost the signal generator market in the future. The demand for automobiles remains strong due to factors such as advanced fuel efficiency, driverless capabilities, and a shift in consumer preference towards mobility solutions. Signal generators play a crucial role in the automotive sector for testing and diagnosing a variety of vehicle components, ensuring their safety, performance, and dependability. As an illustration, the European Automobile Manufacturers Association reported in May 2023 that there was an impressive 5.7% hike in the worldwide motor vehicle production to 85.4 million units in 2022 compared to 2021. Additionally, according to Brand Finance plc, a brand valuation firm based in the UK, the car industry saw about 78 million units sold in 2022, a significant 10% upsurge compared to earlier years. Consequently, the thriving automotive industry is stimulating the advancement of the signal generator market.
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What Is the projected market size and growth rate for the signal generators market?
In recent times, the signal generators market has shown significant growth. The market value is expected to rise from $1.5 billion in 2024 to about $1.62 billion in 2025, with an 8.0% compound annual growth rate (CAGR). This growth in the preceding years is linked to various factors such as the expansion of the telecommunication industry, a rise in the need for electronic devices, advancements in the field of aerospace and defense, the worldwide spread of electronics manufacturing, and the fast-paced growth in IoT (Internet of Things) devices.
The market size of signal generators is predicted to experience significant expansion in the forthcoming years, projecting a rise to $2.1 billion by 2029, and an annual growth rate of 6.7%. The expected growth during the forecast period is due to factors such as the introduction of 5G, the development of new communication standards, the broadening applications in the automotive industry, the incorporation of artificial intelligence and machine learning, and the demand in health care electronics. Emerging trends during the forecast period include technological improvements, heightened importance on research and development, advancements in renewable energy technology, a heightened focus on cybersecurity, and increased use of remote testing solutions.
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What new trends are reshaping the signal generators market and its opportunities?
Leading enterprises in the signal generator market are prioritizing the creation of unique products such as state-of-the-art vector signal generators to establish a competitive advantage. Advanced vector signal generators are sophisticated devices capable of producing exact, multifaceted modulated signals needed for testing and scrutinizing communication systems, boasting enhanced signal fidelity, bandwidth, and flexibility across diverse applications. For example, in September 2023, Keysight Technologies Inc., an American electronics firm, introduced the N5186A MXG Vector Signal Generator. This device, which runs from DC to 8.5 GHz with a modulation bandwidth reaching 960 MHz per channel, is a compact 2U device capable of accommodating up to four channels. It leverages direct digital synthesis (DDS) technology to reduce signal distortion to the barest minimum. The inclusion of an embedded reflectometer improves setup efficiency, and its low phase noise guarantees high-quality signal creation, rendering it ideal for complicated applications in the commercial and aerospace defense industries.
What major market segments define the scope and growth of the 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
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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.
Which key market leaders are driving the signal generators industry growth?
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
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What Is Covered In The Signal Generators Global Market Report?
•Market Size Forecast: Examine the signal generators market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the signal generators market for a structured understanding.
•Key Players Overview: Analyze major players in the signal generators market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the signal generators market.
•Segment Contributions: Evaluate how different segments drive overall growth in the signal generators market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the signal generators market.
•Industry Challenges: Identify potential risks and obstacles affecting the signal generators market.
•Competitive Landscape: Review strategic developments in the signal generators market, including expansions, agreements, and new product launches.
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