• US: +1-408-610-2300
  • Toll Free: +1-866-831-4085
  • Login / Register
Arbitrary Waveform Generator Market Share, 2025 | Industry Report

Arbitrary Waveform Generator Market Analysis Report By Product, By Technology, By Application, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17620151  |  Published: October 2020  |  No of Pages: 113
Format: Electronic (PDF)  |  Industry: Consumer Electronics  |  Publisher: Grand View Research

Industry Insights

The global arbitrary waveform generator market size was accounted for USD 304.7 million in 2018. It is projected to grow at a CAGR of over 9.0% during the forecast period, 2019 to 2025. Increasing demand for measurement, and advanced testing equipment across various sectors such as telecommunications, consumer electronics, education, healthcare, aerospace is projected to boost the market growth. In addition, growing trend of communication technologies along with rising internet penetration is supporting the growth of arbitrary waveform generator (AWG).

Furthermore, significant investment in aerospace and healthcare sectors is increasing with technological developments. This factor is augmenting the growth of the AWG market. Moreover, this equipment provides improved performance and cost-effective compared to other generators. Thus, owing to these benefits, AWG equipment is highly used in manufacturing applications.

Asia Pacific arbitrary waveform generator market

In addition, technological innovations, growing need for electronic device monitoring, testing, measurement needs are expected to boost the market growth. Wireless technologies such as LTE, GSM, and WCDMA utilizes the waveform generators for attaining minimum noise, frequency stability, and greater accuracy. Additionally, the growing trend of IoT platforms is fostering the growth of AWGs.

Optical application need phase modulation, high baud rate, bandwidth. These features are offered by synchronized AWGs with optical signals. In addition, technological advancement like Multiple input multiple output are boosting the growth of AWGs. In wireless applications, multiple input/output are required for data management.

Product Insights

Depending on the product, the market is fragmented into dual-channel AWG, single-channel AWG. Dual-channel AWG type segment is projected to lead the market with the highest revenue share in the overall market by 2025. These AWGs offer better synchronization than single-channel AWGs. 

Single-channel type AWG segment is estimated to grow at a significant rate from 2019 to 2025. Single-channel AWGs are highly cost-effective compared to other types mentioned in the report by product. These AWGs offer a user-friendly interface and are widely utilized in communication applications that need narrowband channels.

Technology Insights

Depending on the technology, the arbitrary waveform generator market is segmented into combined AWG, variable-clock AWG, direct digital synthesis AWG. Combined AWG type segment is projected to expand at the fastest CAGR over the forecasted period. A combination of variable clock technologies and direct digital synthesis (DDS) offers various benefits over single-channel AWG. Thus, the market is projected to grow at a substantial pace in the next few years.

In 2018, the DDS type AWG segment contributed to USD 140.0 million in terms of revenue. Technology supported generators offer several benefits such as cost-effectiveness, convenient usage, and frequency sweeps. DDS technology-based generators are highly preferred due to constant clock rates.

Application Insights

Applications segment is comprised of education, telecommunications, healthcare industrial, electronics, and others. Telecommunications segment is projected to lead the market with highest revenue share of over USD 120.0 million by 2025. Growing need for generators in embedded electronics, testing of semiconductor components is boosting market growth. Additionally, growth of LTE, and Wi-Fi technology is supporting market growth.

Global arbitrary waveform generator market

Education application segment is anticipated to expand at highest CAGR of 11.0% over the forecasted period. Furthermore, rising application of waveform generators in education universities, and institutes is driving market growth. Several factors like compact size, easy usage is proliferating the use of AWGs in education industry.

Regional Insights

Asia Pacific is projected to grow at the fastest CAGR during the forecasted period. Increasing demand for measurement, testing equipment from aerospace, and consumer electronics industry is mainly contributing to market growth. In addition, low manufacturing costs, low skilled labor force is also supporting market growth.

Europe is estimated to grow at a substantial rate from 2019 to 2025. Growing adoption of industrial IoT and smart factories is driving the market growth. In industrial applications for testing, monitoring purposes these generators are used. The electronics sector requires generators for measurement & testing applications.

Impact of COVID-19

The outbreak of COVID-19 has negatively impacted the global arbitrary waveform generator market. COVID-19 pandemic has significantly impacted the consumer electronics industry. The demand for arbitrary waveform generators has declined owing to supply chain disruption. The production, and manufacturing activities had been shut down in the early quarter of 2020. However, the companies are opening their manufacturing facilities with limited workforce under government regulations.

The market is expected to grow at rapid pace over the forecast period. Several players are focusing on providing its solution through innovative programs. For instance, Keysight Technologies have introduced Innovative Anywhere program that emphasizes on optimizing productivity and minimize disruptions.

Arbitrary Waveform Generator Market Share Insights

AWG Market is highly competitive in nature. Leading players in the market include, B&K Precision Corporation, Fluke Corporation, DynamicSignals LLC, Key sight Technologies, Tektronix Inc., National Instruments, Teledyne LeCroyand Rohde & Schwarz.The key players in the market engage in collaborations and partnerships to remain competent in the market. In 2019, Telia, and Key sight Technologies have collaborated to fasten the 5G New Radio (NR). Spirent Communications and National Instruments have collaborated to test 5G performance solutions.

Several players focus on new product launches to increase their product portfolio. For example, in 2017, B&K precision corporation have introduced 4050B dual channel waveform generator.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America&Middle East & Africa

Country scope

U.S., Canada, Germany, U.K., China, India, and Japan.

Report coverage             

Revenue forecast, company ranking analysis, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global arbitrary waveform generator market report on the basis of product, technology, application, and region:

• Product Outlook (Revenue, USD Million, 2014 - 2025)
    • Single-channel
    • Dual-channel

• Technology Outlook (Revenue, USD Million, 2014 - 2025)
    • Direct Digital Synthesis AWG
    • Variable-clock AWG
    • Combined AWG

• Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Telecommunications
    • Education
    • Healthcare
    • Electronics
    • Industrial
    • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
    • Middle East & Africa (MEA)

What questions do you have? Get quick response from our industry experts. Request More information
Key questions answered in the report include
key questions
We also offers customization on reports based on specific client requirement.
Request for Customization

Choose License Type

Research Assistance

Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

  1. Phone: +1-408-610-2300
  2. Toll Free: +1-866-831-4085
  3. Email: [email protected]
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service
  • 100% Secure Payments
  • Our Promise
  • 100% Service Assurance
  • Market Monitoring
  • Service Flexibility
  • 24X5 Care available