Signal generator is a common piece of test equipment, which is used for measurement of the applications that work on wave signals. This equipment is known by various other names such as test oscillators, function generators, pitch generators, RF and microwave signal generators, digital pattern generators, or arbitrary waveform generators. This equipment is popularly used for testing, designing, repairing and troubleshooting various electronic devices. The global signal generators market is booming with technological advancements and increased global demands. Hence, businesses in this market have a great future in terms of revenue channels and business expansion.
Signal Generator Industry Making its Way in Developing Countries
The most popular use of signal generators is for testing devices in the medical and engineering sector. Both these sectors make the most usage of this equipment. Signals provided by these generators can be adjusted according to the requirements, frequency, adjustments, modulation and impendence. This technology is known to provide accurate calibrated range for device testing. Since past few years, the signal generators market is growing at a rapid rate.
The test and measurement equipment industry is growing at a great length. This factor is a crucial driver for this industry, which is also witnessing various technological advancements. According to the latest trends, the overall market for this equipment is in a growing stage. In the overall lifecycle of this technology, the electronics and telecommunication sector has the greatest demand. It is followed by other sectors such as industries and education.
As far as market volume is concerned, the education sector has the greatest strength. Various schools, colleges and universities make use of these measuring instruments for educational and research purpose. Signal generators market is segmented based on various factors such as types, applications made by end users, technologies used and geographical demands. Based on geographical demands, Asia Pacific region is aiming at great strength in terms of growth and profits.
Products in this market are divided based on their purpose, namely, functional, general and special purpose. These three categories are classified into various other sub-types. As far as the technologies are concerned, they are segmented based on generators such as 2G, 3G, 3.5G and 4G. Various technologies covered in these generations include GSM, CDMA, WCDMA and LTE. GSM is currently leading the market, in terms of demand and production.
Applications of signal generators include designing, testing, troubleshooting, certification, manufacturing and repairing. End user for these instruments are generally from the telecommunication, education, electronic manufacturing, aerospace and defense, medical, automation and education sectors.
The overall signal generators market is expected to grow at the CAGR of 10.4% until 2018. At this rate, the market will reach $822.22 million at the end of 2018.
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