Signal generator: Key market research findings
- Increased demand from aerospace and defense industry
- Emergence of high-speed DAC
- Key vendors are Keysight Technologies, National Instruments, Agilent Technologies, Anitsu, B&K Precision, Keithley Instruments, Rohde&Schwarz, and Tektronix
Technavio has released a new report on the global signal generator market, which is expected to grow at a CAGR of around 9% between 2016 and 2020. The growing demand for test and measurement equipment in the education sector, primarily in schools and colleges, will drive the market for signal generators during the forecast period. Much of the market’s growth comes from the high adoption of signal generators in electronics and aerospace and defense industries. Factors such as higher efficiency rates and customization have made signal generator a more productive test and measurement equipment. The Americas dominated the market and accounted for around 45% of the total market share in 2015. The region comprises abundant tech-savvy customers, which has boosted the sales of advanced signal generators.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the latest trends gaining rounds in this market is the introduction of high-speed digital-to-analog converter (DAC) which provides resolution up to 16-bit. High-speed DACs offer the foundation for an arbitrary waveform generator (AWG) with a bandwidth which addresses advanced radio and communications applications. For instance, Agilent’s M8190A is a high- performance, high-bandwidth product that has a 14-bit DAC with advanced telecommunications architecture extension for instrumentation. It offers one of the best spurious dynamic ranges available in the market,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
The communication industry, primarily the telecom sector, is the largest end-user of signal generator and is envisaged to account for more than 29%of the total market share by 2020. Much of this growth can be attributed to the presence of a large subscriber base in APAC, which in turn will drive the demand for testing equipment, such as signal generators, during the forecast period. Factors such as the increasing adoption of new wireless technologies and the use of telecommunications data by the telecom providers and the users also contributed to the market growth significantly.
The global signal generator market has well diversified international, regional, and local vendors. Several local providers offer application-specific products to meet different end-user needs. The entry of a number of local vendors in the market is made difficult due to tough competition from international vendors on issues such as quality, durability, technological innovations, and reliability. The level of competition will intensify with a rise in innovations as well as M&As. In this market, the global vendors will acquire regional or even local players during the forecast period as it will help them to bolster their revenue generating capacity.
A more detailed analysis is available in the Technavio report, Global Signal Generator Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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