The global signal generators market is expected to register growth over the forecast period. Signal generators are also known as arbitrary waveform generators, function generators, digital pattern generators, or pitch generators; they generate non-repeating or repeating electronic signals. There are different types of generators used in different applications such as testing, designing, repair electronics, or electro-acoustic devices and troubleshooting. Types of signal generators include microwave generators, RF generators, arbitrary waveform generators, audio signal generators, video signal generators, and pitch generators. Key factors driving market growth include increasing demand for signal generators with advanced features and greater precision. Areas of application include telecommunication, aerospace, defense, automotive, industrial, and electronics manufacturing. The major reason behind the extensive growth of these generators is the continuous adoption of emerging technologies in the above industry verticals. Microwave signal generator demand is also expected to drive the signal generators market in the forecast period.
Different technologies are used for the operation of signal generators, which are covered on the basis of generation types such as 2G, 3G, and 4G. Technologies under these generation types include Code Division Multiple Access (CDMA), Global System for Mobile communications (GSM), Long Term Evolution (LTE), and Wideband Code Division Multiple Code Access (WCDMA). Presently, GSM is in demand; however, LTE technology is expected to lead in the signal generator industry in the forecast period. The signal generators is classified into three major product categories such as special-purpose, functional and general-purpose generators. General-purpose generators are further classified into RF, microwave, and arbitrary waveform generators. Various applications include testing, certification, troubleshooting, designing, manufacturing, and repairing. Owing to the technological advancements in consumer electronics and the automotive sector, the certification industry is expected to witness growth in the coming years. The above applications are used in different end-use industries including medical and education sectors. However, due to increasing competition and modernization, the industrial sector is expected to lead in the overall market.
The shift in base of production centers from developed countries due to low manufacturing cost locations is expected to favor the developing signal generators market. Asia Pacific is expected to remain the largest market over the forecast period. An increase in the use of wireless services is expected to contribute to industry growth. Key vendors dominating the market include Anritsu Corporation, B&K Precision Corporation, Rohde & Schwarz GmbH, Agilent Technologies Inc., and Fluke Corporation.
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The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the brink of facing a reduction in production, disruption in supply, and price fluctuations. While this can vastly encourage local manufacturers to step up and address the growing demand, the scarcity of raw material can still pose a challenge to this industry. The sales of prominent electronic companies is expected to be affected in the near future. The report will account for Covid19 as a key market contributor.