Press release
Impact Of The Automotive Industry On The Signal Generator Market: A Significant Driver Propelling The Signal Generators Market In 2025
Signal Generators
What Is the Signal Generators Market Size and Projected Growth Rate?
The market for signal generators has seen robust growth in the past few years. The market value is predicted to increase from $1.5 billion in 2024 to $1.62 billion in 2025, representing a compound annual growth rate (CAGR) of 8.0%. The expansion during this historical period can be linked to the thriving telecommunications sector, escalating demand for electronic gadgets, advancements in the aerospace and defense industries, the worldwide expansion of electronics production and the swift surge in IoT (Internet of Things) devices.
The market for signal generators is expected to witness substantial progression in the coming years, expanding to $2.1 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this anticipated growth during the forecast period include the execution of 5G technology, the development of new communication norms, increasing uses in the automotive industry, the incorporation of AI (artificial intelligence) and ML (machine learning), and the rising demand within healthcare electronics. Key trends likely to emerge over the forecast period encompass technological progression, heightened focus on research and development, enhanced renewable energy technology, greater emphasis on cybersecurity, and growing uptake of remote testing solutions.
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What Are the Major Segments in 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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What Are The Driving Signal Generators Market Evolution?
The expansion of the automotive industry is projected to spur the signal generator market's growth. The term automotive industry pertains to the conglomerate of companies, organizations, and processes involved in the designing, creation, manufacturing, and linked activities concerning motor vehicles. Demand for automobiles remains strong due to improvements in fuel efficiency, the development of self-driving functionalities, and evolving consumer predilections towards mobility options. Signal generators play a crucial role in the automotive industry for inspecting and diagnosing various vehicle parts and for ensuring the security, effectiveness, and dependability of modern automobiles. For example, in May 2023, the European Automobile Manufacturers Association, a Belgium-based organization of car manufacturers, reported a significant 5.7% rise in the worldwide production of motor vehicles to 85.4 million units in 2022 compared to 2021. Additionally, Brand Finance plc, a UK-based brand valuation firm, reported a significant 10% increase in auto sales to approximately 78 million units in 2022 compared to past years. As a result, the expanding automotive industry is a major driver of the signal generator market's growth.
Which Firms Dominate The Signal Generators Market Segments?
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 Trends Are Driving Growth in The Signal Generators Market?
Key players in the signal generator market are working towards creating innovative products like the next-generation vector signal generator in order to maintain a competitive advantage. These advanced devices, such as the next-generation vector signal generator, generates accurate and complicated modulated signals for testing and analyzing communication systems. They offer improved signal fidelity, bandwidth, and adaptability across various applications. For example, Keysight Technologies Inc., a U.S. electronics company, unveiled the N5186A MXG Vector Signal Generator in September 2023. This device has a functioning range from DC to 8.5 GHz and a modulation bandwidth of 960 MHz per channel. It's a compact 2U device that can support up to four channels and uses direct digital synthesis (DDS) technology to avoid excessive signal distortion. It has an embedded reflectometer to improve setup efficiency and has low phase noise to assure high-quality signal production, making it ideal for intricate applications in both the commercial and aerospace defense industries.
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Which Is The Largest 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Signal Generators Market?
2. What is the CAGR expected in the Signal Generators Market?
3. What Are the Key Innovations Transforming the Signal Generators Industry?
4. Which Region Is Leading the Signal Generators Market?
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