Function Generators Market By Type (Analog and Digital) By Output Frequency (Up to 50 Mhz, 50-100 Mhz, and Above 100 Mhz), By End-User (Aerospace, Defence & Government Services, Automotive, Energy, Wireless Communication & Infrastructure, and Others), and By Region – Global Opportunities and Forecast, 2020-2027
A Function Generators is a piece of electronic test equipment that has the capability of producing different types of waveforms or wide range of frequencies as its output signal. Some of the common waveforms are sine-waves, triangular waves, sawtooth waves, and square waves. The Function Generatorss are used by various end-user such as automotive, aerospace & defence, energy and among others.
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The major factors which are driving the growth of the Global Function Generators market include the growing dependence on wireless communication and the increasing investment by end-use industries on Research & Development (R&D). The rising adoption by aerospace, defence & government services and surging acceptance of wireless communication, will further fuel the growth of the market. Moreover, growing emergence of Artificial Intelligence (AI) across industries such as automotive, energy, aerospace, defence & government services will create numerous opportunities for the growth of the market. However, the high cost and complex operation of Function Generators are restraining the growth of the market.
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Based on the Type, the Analog segment is expected to grow at a higher CAGR during the forecast period owing to the less cost of analog Function Generators as compared to the digital Function Generators.
Based on the Output Frequency, the up to 50 Mhz segment is projected to grow at a higher CAGR in the market during the forecast period owing to the surging adoption by end-user industries such as aerospace, defence & government services, energy, and automotive. In addition to this, the growing research & development activities in medical and consumer electronics sector along with advancement in in-car entertainment such as speaker and other entertainment gadgets that needs up to 50 Mhz output frequency Function Generators, thus accelerating the demand during the forecast period.
Based on the End-User, the aerospace, defence & government services segment is expected to grow at a higher CAGR during the forecast period due to the rising growth and investment in aerospace, defence & government services, which increases the demand for related service, thereby fuelling the growth of the market.
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Based on the region, North America is projected to grow at a higher CAGR in the global Function Generators market during the forecast period owing to the increasing usage of function generator for measuring the electronic components precisely in aerospace, defence & electronics manufacturing industries and growing automation in this region.
The major key players in the market include Keysight Technologies, Teradyne Inc., National Instruments Corporation, Tektronix, Inc., Good Will Instrument Co., Ltd., kikusui electronics corp, B&K Precision Corporation, Teledyne Technologies, Rigol Technologies, Promax Electronica among others.
Key Developments:
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- In Dec 2019, National Instruments entered into partnership with Cadence Design Systems to enhance the overall semiconductor development and testing of next-generation wireless, mobile Integrated Circuits (ICs), automotive, and modules.
- In Oct 2019, Tektronix entered into partnership with Rapid Electronics to deliver the University of East Anglia (UEA) 36 seated workstations across their two laboratories for practical electronics experiments.
The Global Function Generators market has been segmented based on the Type, Output Frequency, End-User, and key region. Based on Type, the market is segmented into Analog and Digital. Based on Output Frequency, the market is segmented into Up to 50 Mhz, 50-100 Mhz, and Above 100 Mhz. Based on End-User, the market is segmented into Aerospace, Defence & Government Services, Automotive, Energy, Wireless Communication & Infrastructure, and Others.
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Key questions answered in this research report:
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- At what pace is the global Function Generators market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in the global Function Generators market? What will be the impact of drivers and restraints in the future?
- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Function Generators market?
- Who are the various End-User of the global Function Generators market, and how are they poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Value (USD Million) |
Market Segment | By Type, By Output Frequency, By End-User, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Keysight Technologies, Teradyne Inc., National Instruments Corporation, Tektronix, Inc., Good Will Instrument Co., Ltd., Kikusui Electronics Corp., B&K Precision Corporation, Teledyne Technologies, Rigol Technologies, Promax Electr., among others, a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Function Generators Market by Type
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- Analog
- Digital
Global Function Generators Market by Output Frequency
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- Up to 50 Mhz
- 50-100 Mhz
- Above 100 Mhz
Global Function Generators Market by End-User
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- Aerospace, Defence & Government Services
- Automotive
- Energy
- Wireless Communication & Infrastructure
- Others
Global Function Generators Market by Region
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- North America Function Generators Market
Option 1: As a part of the free 25% customization- By Type
- By Output Frequency
- By End-User
- United States of America (US) All-Up Function Generators Market
- Canada All-Up Function Generators Market
- Europe Function Generators Market
Option 2: As a part of the free 25% customization- By Type
- By Output Frequency
- By End-User
- United Kingdom (UK) All-Up Function Generators Market
- Germany All-Up Function Generators Market
- France All-Up Function Generators Market
- Spain All-Up Function Generators Market
- Rest of Europe All-Up Function Generators Market
- Asia-Pacific Function Generators Market
Option 3: As a part of the free 25% customization- By Type
- By Output Frequency
- By End-User
- China All-Up Function Generators Market
- India All-Up Function Generators Market
- Japan All-Up Function Generators Market
- Rest of APAC All-Up Function Generators Market
- ROW Function Generators Market
Option 4: As a part of the free 25% customization- By Type
- By Output Frequency
- By End-User
- Brazil All-Up Function Generators Market
- South Africa All-Up Function Generators Market
- Saudi Arabia All-Up Function Generators Market
- UAE All-Up Function Generators Market
- Rest of world (remaining countries of the LAMEA region) All-Up Function Generators Market
- North America Function Generators Market
Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)
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- Keysight Technologies
- Teradyne Inc.
- National Instruments Corporation
- Tektronix, Inc.
- Good Will Instrument Co., Ltd.
- Kikusui Electronics Corp.
- B&K Precision Corporation
- Teledyne Technologies
- Rigol Technologies
- Promax Electronica
- Published Date: Jun-2020
- Report Format: Excel/PPT
- Report Code: UP894A-00-0620
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Function Generators Market By Type (Analog and Digital) By Output Frequency (Up to 50 Mhz, 50-100 Mhz, and Above 100 Mhz), By End-User (Aerospace, Defence & Government Services, Automotive, Energy, Wireless Communication & Infrastructure, and Others), and By Region – Global Opportunities and Forecast, 2020-2027
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