- Summary
- Table Of Content
- Methodology
Signal Generators Market Size:
Signal Generators Market size is estimated to reach over USD 2,875.95 Million by 2032 from a value of USD 1,693.28 Million in 2024 and is projected to grow by USD 1,779.74 Million in 2025, growing at a CAGR of 7.5% from 2025 to 2032.
Signal Generators Market Scope & Overview:
A signal generator (SG) refers to an electronic device which generates non-repeating waveforms for testing and evaluating electronic test equipment. Further, signal generators are used for verifying designs, characterizing components, testing circuits, troubleshooting equipment, and others. Moreover, there are various types of signal generators such as arbitrary waveform generator, function generator, pulse generator, RF signal generator, and others. Additionally, signal generator offers various features including improved modulation, amplitude control, improved frequency range, and others.
Signal Generators Market Dynamics - (DRO) :
Key Drivers:
Features such as modulation, amplitude control, and others for testing and calibration are driving the signal generators market growth
Modulation refers to modification of a signal's properties, such as amplitude, phase, or frequency, for encoding information. Further, signal generator provides modulation capabilities which is used in advanced testing scenarios for improving the quality and performance of systems and devices under testing scenario. Moreover, adjustment of amplitude enables precise test results for ensuring proper operations. Additionally, signal generator plays an important role in calibration and testing of electrical components and devices of electronics manufacturer by simulating real world scenarios for ensuring electronic systems functionality.
- For instance, in October 2024, Keysight Technologies, Inc. expanded signal generator portfolio by launching a microwave analog signal generator and an RF analog signal generator for developing and testing components and devices.
Thus, the rising utilization of signal generator for testing and calibration applications are driving the signal generators market size.
Key Restraints:
Factors including high initial cost, maintenance cost, and others are restraining the signal generators market growth
The primary restraining factors associated with signal generator is high initial cost, frequent maintenance cost, and others, which are further restraining the market. Additionally, high-end arbitrary function generators are expensive, which may restrict its adoption in small and medium sized enterprises.
Further, pulse generators operates at specific frequency range compared to other signal generator types, which further increases the cost for operator as they have to opt for multiple SGs according to their application requirement. Thus, the above factors are further restraining the signal generators market expansion.
Future Opportunities :
Rising adoption of function generators in automotive sector is expected to drive the signal generators market opportunities
Function generator is a type of signal generator that is often used in automotive sector for simulating and testing signals due to its ability to produce a wide range of frequencies for different electronic and electrical systems used in automobiles. Further, function generators offers various features including amplitude control, phase modulation, sweep functionality, and others. Additionally, function generators are used for various testing applications including automotive electronic systems, such as infotainment system, electronic control units, and others.
- For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), the total vehicle production in India reached 5,851,507 units in 2023, witnessing a significant rise of 7% as compared to 2022.
Thus, as per the signal generators market analysis, rising utilization of function generators in automotive sector for testing automobile electronics systems are projected to drive the global signal generators market opportunities during the forecast period.
Signal Generators Market Segmental Analysis :
By Type:
Based on the type, the market is segmented into function generators, arbitrary waveform generators, pulse generators, RF signal generators, vector signal generators, and others.
Trends in the Type:
- There is an increasing trend towards utilization of pulse generators due to their ability to produce clean and sharp-edged pulses with the flexibility to adjust key pulse parameters.
- Increasing utilization of radio frequency (RF) generator due to various benefits including wide range of modulation options.
Arbitrary waveform generators segment accounted for the largest revenue in the total signal generators market in 2024.
- Arbitrary waveform generators are advanced SGs which enables users to create and output complex, user defined waveforms with improved accuracy and precision.
- Further, arbitrary waveform generator enables more flexibility compared to traditional function generators, offering the generation of arbitrary waveforms, including those with varying amplitudes, irregular timing, and intricate shapes.
- Additionally, arbitrary waveform generators provides simulation of real-world electronic signals in various electronic systems and devices such as sensors, control systems, and communication systems.
- For instance, in November 2024, Siglent launched SDG1000X Plus series function/arbitrary waveform generator, which offers a 16-bit vertical resolution, maximum output frequency of 60 MHz, and other features.
- Thus, the rising advancements in arbitrary waveform generators are driving the signal generators market trends.
Vector signal generators is anticipated to register a significant CAGR growth during the forecast period.
- Vector signal generator is capable of producing complex modulated signals used for modern wireless communication standards such as Wi-Fi, 4G LTE, and 5G.
- Moreover, vector signal generator can produce real world communication system conditions, which are essential for testing, validating, and designing modern wireless systems and devices.
- For instance, in January 2025, Rohde & Schwarz launched an advanced R&S SMW200A, a vector signal generator with improved EVM (error vector magnitude) performance for RF applications.
- Thus, the rising advancements in vector signal generators are expected to drive the signal generators market trends during the forecast period.
By Application:
Based on the application, the market is segmented into testing and troubleshooting, equipment calibration, repairing, designing, simulation, manufacturing, and others.
Trends in the Application:
- There is an increasing trend towards utilization of vector signal generator in testing various electronic products such as base stations, smartphones, and IoT devices.
- Rising adoption of arbitrary waveform generators for simulating real-world electronic signals.
Testing and troubleshooting segment accounted for the largest revenue share of 27.94% in the total signal generators market share in 2024.
- Signal generator are used for testing the performance of filters and amplifiers over different frequency ranges based on gain, components frequency response, and others.
- Further, signal generator injects different signals into circuits for identifying faulty connections or components.
- Additionally, different features such as modulation and frequency sweeping are effectively used for analysing issues within the circuit.
- For instance, Keysight offers various tools for testing filters, amplifiers, and oscillators in its product offerings. It offers various type of signal generator including function generator, arbitrary waveform generator, and others.
- Thus, the rising advancements in electrical testing and troubleshooting devices are further driving the signal generators market size.
Equipment calibration is anticipated to register a substantial CAGR growth during the forecast period.
- Signal generator is used for calibrating and verifying equipment measuring frequency against a known value.
- Moreover, signal generator is used in calibrating various instruments such as spectrum analyzers, multi-meters, and oscilloscopes.
- Additionally, by generating signals for simulation from different generators, engineers can quickly test algorithms and control system, without the need of physical components.
- For instance, Tekronic offers various tools for equipment calibration in its product offerings. It includes various types of arbitrary waveform generators as well as arbitrary function generators.
- Thus, the rising adoption of signal generator for application involving equipment calibration is projected to boost the signal generators market during the forecast period.
By End-User:
Based on the end-user, the market is segmented into automotive, electronics & semiconductor, healthcare, aerospace and defense, and others.
Trends in the End-User:
- There is a rising trends towards utilization of signal generator in simulating radar signals for designing and testing.
- Increasing adoption of arbitrary waveform generator in modern infotainment systems and ADAS systems.
Electronics & semiconductor segment accounted for the largest revenue share in the total signal generators market share in 2024.
- A signal generator is an electronic device which is used by electronics and semiconductor manufacturers for testing, designing, and troubleshooting electronic devices and components.
- Additionally, it is also used for validating performance of electronic products such as speakers, headphones, and others.
- For instance, in February 2024, Tata Electronics partnered with PSMC (Powerchip Semiconductor Manufacturing Corporation) for building a semiconductor fabrication facility in India. This is further expected to drive the adoption of signal generator for testing and designing of semiconductors.
- Thus, as per the analysis, the rising utilization of signal generator for verifying defects in electronics components are driving the signal generators market demand.
Healthcare segment is anticipated to register a substantial CAGR growth during the forecast period.
- Signal generator is used in testing medical imaging equipment such as X-ray machines, magnetic resonance imagers (MRIs), and ultrasound scanners among others.
- Moreover, it is also used for testing functionality of diagnostic equipment in advanced medical systems.
- For instance, according to the Invest India, India exported USD 3.39 billion worth of medical devices in 2022-23, which is significant increase as compared to USD 2.92 billion in 2021-22.
- Thus, as per the analysis, the rising investments in medical devices are anticipated to drive the signal generators market expansion during the forecast period.
Regional Analysis:
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 410.37 Million in 2024. Moreover, it is projected to grow by USD 432.46 Million in 2025 and reach over USD 718.99 Million by 2032. Out of this, China accounted for the maximum revenue share of 35.4%.
As per the signal generators market analysis, there is an increasing adoption of different type of signal generator, particularly in countries such as China, India, and Japan, due to rising investment in manufacturing automobiles, semiconductor, and electronic products and components. The rapid development and growing public and private investments into automotive, electronics, semiconductor, and others sectors are accelerating the signal generators market.
- For instance, in September 2024, the Government of India approved the proposal of Kaynes Semicon Pvt Ltd for setting up a semiconductor plant. This is further driving the adoption of signal generator for verifying and testing semiconductors, which is projected to drive the market in the Asia-Pacific region.
North America is estimated to reach over USD 1,106.66 Million by 2032 from a value of USD 639.48 Million in 2024 and is projected to grow by USD 673.19 Million in 2025.
In North America, the growth of signal generators industry is driven by the rising investment in advanced healthcare devices. Rising adoption of signal generator in identifying defects of healthcare machines such as X-ray, MRI and others are also driving the market. Further, the increasing investment in developing advanced healthcare infrastructure is driving the adoption of advanced medical equipment, which in turn is contributing to the growth of signal generators market demand in the region.
- For instance, according to the American Investment Council, the private equity industry invested over USD 40 billion in more than 900 healthcare device and supply companies. This is further expected to drive the adoption of various types of signal generator in testing and calibration of medical equipment, which in turn is anticipated to drive the market demand in North America during the forecast period.
The regional analysis depicts that the rising investments in automotive production and increasing integration of advanced driving systems are further boosting the adoption of advanced testing solutions, which is further stimulating market demand in Europe. Further, as per the market analysis, the primary factors driving the market growth in the Middle East and African region includes increasing investment in medical infrastructure, rising electronics production, and others. The rising advancements in semiconductor manufacturing with improved efficiency and quality is further driving the market demand in the Latin America region.
Top Key Players and Market Share Insights:
The signal generators market is highly competitive with major players providing products to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the global signal generators market. Key players in the signal generators industry include -
- Keysight Technologies (US)
- Tektronix, Inc. (US)
- Teledyne Technologies (US)
- RIGOL Technologies (China)
- PROMAX ELECTRONICA S.L (Spain)
- GW Instek (China)
- National Instruments Corporation (US)
- KIKUSUI ELECTRONICS CORPORATION (Japan)
- B&K Precision Corporation (Japan)
- Fluke Corporation (US)
Recent Industry Developments :
Product Launch:
- In September 2023, SIGLENT launched SSG6000A series of RF signal generator with improved frequency range up to 40GHZ for testing advanced devices.
- In June 2022, Atlantic Microwave launched miniature signal generator with frequency range from 25 – 15000MHz on C, S, and L band.
Signal Generators Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 2,875.95 Million |
| CAGR (2025-2032) | 7.5% |
| By Type |
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| By Application |
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| By End-User |
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| By Region |
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| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
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Key Questions Answered in the Report
How big is the signal generators market? +
The signal generators market was valued at USD 1,693.28 Million in 2024 and is projected to grow to USD 2,875.95 Million by 2032.
Which is the fastest-growing region in the signal generators market? +
Asia-Pacific is the region experiencing the most rapid growth in the signal generators market.
What specific segmentation details are covered in the signal generators report? +
The signal generators report includes specific segmentation details for type, application, end-user, and region.
Who are the major players in the signal generators market? +
The key participants in the signal generators market are Keysight Technologies (US), National Instruments Corporation (US), GW Instek (China), KIKUSUI ELECTRONICS CORPORATION (Japan), Tektronix, Inc. (US), B&K Precision Corporation (Japan), Fluke Corporation (US), Teledyne Technologies (US), RIGOL Technologies (China), and PROMAX ELECTRONICA S.L (Spain).
