North America to Dominate Function Generators Market until 2025
Increasing dependency on
wireless communication to drive the growth of global function generators market
According
to TechSci Research report, “Global Function
Generators Market By Type (Analog, Digital, Sweep), By Waveform (Sine,
Square, Triangular, Sawtooth), By Output Frequency (Up to 50 MHz, 50-100 MHz,
Above 100 MHz), By Application (Circuit Teaching, Production Test, Instrument
Maintenance, Laboratory, Others), By End User Industry (Aerospace &
Defense, Energy & Utilities, Automotive, Wireless Communication &
Infrastructure, Others), By Region, Forecast & Opportunities, 2025”, the global function generators market is expected to grow
at a steady rate during the forecast period on account of the growing adoption
of high-performance and power-efficient devices in various end user industries
such as aerospace & defense, automotive, among others. Additionally,
growing application and emphasis of AI in various sectors is further projected
to bolster the growth of market during forecast years. However, high cost and
complex operation can hamper the growth of market during the forecast period. Additionally,
availability of alternatives at an affordable price can further restrict the
growth of market through 2025. Furthermore, advancements in the electronics
industry can slow down the growth of market over the next few years.
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The global function generators market is segmented based on type,
waveform, output frequency, application, end user industry, company and region.
Based on type, the market can be categorized into analog, digital and sweep. The
digital type segment is expected to witness significant growth during the
forecast period on account of the accuracy of output. Additionally, these
function generators have a wide output frequency range. Based on waveform, the
market can be fragmented into sine, square, triangular, sawtooth. The sine
waveform is expected to dominate the market since this is the most common type
of waveform produced that is used in wide range of applications especially in
testing applications. Based on output frequency, the market can be grouped into
up to 50 MHz, 50-100 MHz and above 100 MHz. The up to 50MHz segment is expected
to dominate the market on account of its widespread use in various end user
industries such as aerospace, defense & government services, automotive,
energy, wireless communication & infrastructure, among others. Based on end
user industry, the market can be segmented into aerospace & defense, energy
& utilities, automotive, wireless communication & infrastructure and others.
The aerospace & defense segment is expected to dominate the market during
forecast period. This can be accredited to the increasing awareness towards
developments across the world and rapid investments in the aerospace, defense
& government services devices, which will increase the demand for
corresponding services leading to an increase in the need for function
generators. The wireless communication & infrastructure segment is expected
to register significant growth over the next few years owing to the widespread
usage of equipment such as satellite communication phones, mobile phones, and internet.
Keysight Technologies, National
Instruments, Fortive (Fluke & Tektronix), Teradyne, Good Will Instrument,
Kikusui Electronics, B&K Precision, Teledyne Technologies, Rigol
Technologies, Promax Electronica, Tabor Electronics, AEMC Instruments,
Scientech Technologies, Shijiazhuang Suin Instruments, Berkeley Nucleonics,
Kuman, Sigma Instruments, Saelig, Maxim Integrated, National Test Equipment and
others are some of the leading players operating in global function generators market.
The companies operating in the market are using organic strategies such as
product launches, mergers and collaborations to boost their share. For
instance, in May 2019, Keysight technologies launched a new dynamic power
device analyzer with a double-pulse tester which is designed to be modular and
test many devices having a different characterization of tests that are
performed at a variety of power levels. Also, in October 2019, Tektronix
launched a new software plugin for its AFG31000 arbitrary/function generators.
The software reduces the amount of time required for testing when compared to
alternative methods.
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“North America is expected dominate
the market for function generators during the forecast period owing to the
increasing demand from various end user industries such as aerospace &
defense, electronics, among others. Additionally, growing number of 5G
connections will require function generators for testing, maintenance and
management purposes. Furthermore, presence of major market players in the
region is expected to foster the growth of market during the next few years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Function Generators Market By Type (Analog,
Digital, Sweep), By Waveform (Sine, Square, Triangular, Sawtooth), By Output
Frequency (Up to 50 MHz, 50-100 MHz, Above 100 MHz), By Application (Circuit
Teaching, Production Test, Instrument Maintenance, Laboratory, Others), By End
User Industry (Aerospace & Defense, Energy & Utilities, Automotive,
Wireless Communication & Infrastructure, Others), By Region, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of global function generators market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global function generators market.
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