The rising automotive industry, aerospace and defense, wireless communications, and upcoming technologies like 5G, is expected to drive market expansion in the near future at a CAGR of 8.80% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Signal Generators Market” that contains information from 2018 to 2032. The signal generators market is estimated to register a CAGR of 8.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global signal generators market— Keysight Technologies Inc., Rohde & Schwarz Gmbh & Co. Kg, National Instruments Corporation, Anritsu Corporation, Tektronix Inc. (Keithley Instruments Inc.), Teledyne Technologies Incorporated, B&K Precision Corporation, Fluke Corporation, Stanford Research Systems, Good Will Instrument Co. Ltd, and Yokogawa Electric Corporation

Market Highlights

The global signal generators market is accounted to register a CAGR of 8.80% during the forecast period and is estimated to reach USD 2.5 billion by 2032.

The market is primarily driven by the automotive industry, aerospace and defense, wireless communications, and upcoming technologies like 5G. The automobile industry is one of the market's primary drivers. During the anticipated period, market expansion might be aided by the growing acceptance of electric vehicles in developing countries. Due to the increased use of electronic components and sensors in automobiles, signal generators are now necessary for testing and troubleshooting sensors, solenoids, actuators, primary and secondary ignitions, and communication data streams.  

Segment Analysis

The global signal generators market has been segmented based product, technology, application, and end user.

On the basis of product, the market is segmented into general purpose signal generator, special purpose signal generator, and function generator. The general-purpose signal generator category is the largest contributor to the market. Radiofrequency (RF) signal generators are frequently used to produce continuous radio frequency signals with certain characteristics in order to evaluate the design of circuits, particularly those in communication equipment.  

Based on technology, the global signal generators market has been segmented into 2G, 3G, and 5G - 4G. In 2022, the 3G category had the biggest market share. Code division identifies 3G GSM as a CDMA technology (Universal Mobile Telephone System), also known as WCDMA (wideband CDMA) or UMTS. It is a more competent and adaptable technology.

Based on application, the global signal generators market has been segmented into designing, testing, manufacturing, troubleshooting, repairing, and other applications. The designing category led the signal generators market globally in 2022. Today, a greater variety of medical applications, from large imaging equipment to smart tags for surgical packs, use electronics.

Based on end user industry, the global signal generators market has been segmented into telecommunication, aerospace and defense, automotive, electronics manufacturing, healthcare, and other end-user industries. The telecommunication segment, which makes up the largest market, is expected to increase at a strong CAGR during the projection period. To create a consistent sinewave, many people employ signal generators. In telecommunications, this constant sinewave is used in a variety of ways.

Regional Analysis

The global signal generators market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Signal Generators market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Signal Generators market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Signal Generators market comprises of Middle East, Africa, and Latin America.

The largest market share for signal generators was maintained by the North American regional sector. Since consumers in this region are more tech-savvy, suppliers can advertise sophisticated signal generators there. This rise in sales of advanced signal generators will cause the market for signal generators in the area to grow considerably.

Moreover, the Europe market has been persistently growing over the forecast period. The industry's growth is being fueled by the increased usage of modern technology and semiconductors in several local industries.

Additionally, the Asia Pacific signal generators market is expected to register significant growth from 2023 to 2032. China continues to import a wide range of foreign electronic equipment, which is causing its semiconductor consumption to grow more quickly than that of other countries. The three biggest Chinese network providers, China Mobile, China Unicom, and China Telecom, are said to have launched the most commonly utilized 5G network services in 2021.

Furthermore, the rest of the world's signal generators market is divided into the Middle East, Africa, and Latin America. The rising demand for cutting-edge electronic products in the area is one of the key factors driving the LAMEA signal generators market. For testing and calibration, these devices need precise and high-quality electrical signals, and signal generators are essential for supplying these signals.

Key Findings of the Study

• The global signal generators market is expected to reach USD 2.5 billion by 2032, at a CAGR of 8.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the presence of major countries such as China, Japan and India


• Based on end user, the telecommunication segment was attributed to holding the largest market in 2022, with an approximate market share of 55.65%.


• Keysight Technologies Inc., Rohde & Schwarz Gmbh & Co. Kg, National Instruments Corporation, Anritsu Corporation, Tektronix Inc. (Keithley Instruments Inc.), Teledyne Technologies Incorporated, B&K Precision Corporation, Fluke Corporation, Stanford Research Systems, Good Will Instrument Co. Ltd, and Yokogawa Electric Corporation