Signal Generators Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The signal generators market size has grown strongly in recent years. It will grow from $1.5 billion in 2024 to $1.62 billion in 2025 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to growing telecommunication industry, increasing demand for electronic devices, advancements in aerospace and defense, globalization of electronics manufacturing, rapid growth in IoT (Internet of Things) devices.

The signal generators market size is expected to see strong growth in the next few years. It will grow to $2.1 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to 5G implementation, emergence of new communication standards, expanding applications in automotive sector, integration of AI (artificial intelligence) and ML (machine learning), demand in healthcare electronics. Major trends in the forecast period include technological advancements, increased emphasis on R&D, renewable energy technology advancements, increased focus on cybersecurity, increased adoption of remote testing solutions.

The expanding automotive industry is anticipated to drive the growth of the signal generator market in the coming years. The automotive industry encompasses companies, organizations, and activities involved in the design, development, manufacturing, and other related aspects of motor vehicles. The strong demand for automobiles is fueled by factors such as enhanced fuel efficiency, advancements in autonomous driving technology, and changing consumer preferences toward mobility solutions. Signal generators are utilized in the automotive sector for testing and diagnosing various vehicle components, ensuring the safety, performance, and reliability of modern vehicles. For example, in May 2023, the European Automobile Manufacturers Association, a Belgium-based organization, reported that global motor vehicle production reached 85.4 million units in 2022, marking a 5.7% increase compared to 2021. Additionally, Brand Finance plc, a UK-based brand valuation company, noted that the automobile sector achieved around 78 million unit sales in 2022, reflecting a 10% rise over previous years. Therefore, the expanding automotive industry is contributing to the growth of the signal generator market.

Key players in the signal generator market are concentrating on developing innovative products, such as next-generation vector signal generators, to maintain a competitive advantage. A next-generation vector signal generator is a sophisticated device designed to generate accurate, complex modulated signals for testing and assessing communication systems. It offers improved signal fidelity, bandwidth, and versatility across a variety of applications. For example, in September 2023, Keysight Technologies Inc., a US-based electronics company, introduced the N5186A MXG Vector Signal Generator. This device operates from DC to 8.5 GHz with a modulation bandwidth of 960 MHz per channel. The compact 2U unit supports up to four channels and incorporates direct digital synthesis (DDS) technology to minimize signal distortion. Additionally, an embedded reflectometer improves setup efficiency, and its low phase noise guarantees high-fidelity signal generation, making it ideal for complex applications in both commercial and aerospace defense industries.

In December 2022, E-Space, a France-based satellite communications company, acquired CommAgility Ltd. for $14.5 million. This strategic acquisition enables E-Space to integrate CommAgility's 5G code into its space-based technologies, accelerating advancements in 5G NTN (Non-Terrain Networks), 5G-Advanced, and 6G innovations, thereby advancing its space-based connectivity solutions. CommAgility Ltd., a UK-based developer specializing in embedded signal processing, RF (radiofrequency) modules, and signal generators, contributes valuable expertise to E-Space's portfolio.

Major companies operating in the signal generators market are Agilent Technologies, Ametek Inc., Fluke Corporation, Teledyne Technologies Incorporated, Keysight Technologies, Advantest Corporation, Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Berkeley Nucleonics Corporation (BNC), Rigol Technologies Inc., Good Will Instrument Co. Ltd., Averna Technologies Inc., EA Elektro-Automatik GmbH & Co.KG, Elcom Technologies Inc., Aeroflex Industries Ltd., Giga-tronics Incorporated, Hameg Instruments GmbH, Aim-TTi (Thurlby Thandar Instruments), Keithley Instruments LLC, RF-Lambda USA LLC, Link Microtek Ltd., Vaunix Technology Corporation, Holzworth Instrumentation Inc., Signal Forge.

Asia-Pacific was the largest region in the signal generators market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the signal generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the signal generators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The signal generator market consists of revenues earned by entities by providing services such as waveform generation, frequency adjustment, amplitude control, frequency sweep, and signal output. The market value includes the value of related goods sold by the service provider or included within the service offering. The signal generator market also includes sales of oscillators, frequency control circuits, waveform generators, display panels, and output amplifiers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Signal generators are electronic instruments specifically crafted to generate repetitive waveforms, modulations, and signals for the testing and development of electronic devices and systems. These generated signals play a critical role in the testing, troubleshooting, and design processes of electronic or electroacoustic devices.

The primary categories of products within signal generators include general-purpose signal generators, special-purpose signal generators, and function generators. General-purpose signal generators are electronic devices designed to produce electrical signals with specific properties of amplitude, frequency, and wave shape. They encompass various technologies, including 2G, 3G, and 5G - 4G, and find applications in designing, testing, manufacturing, troubleshooting, repairing, and other related activities. These signal generators cater to diverse end-users, including telecommunications, aerospace and defense, automotive, electronics manufacturing, and healthcare.

The signal generators market research report is one of a series of new reports that provides signal generators market statistics, including signal generators industry global market size, regional shares, competitors with a signal generators market share, detailed signal generators market segments, market trends and opportunities, and any further data you may need to thrive in the signal generators industry. This signal generators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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