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, 2026
Global function generators market is expected to grow at a steady rate during the forecast period. The global function generators market is driven by the increasing investments in R&D activities by various end user industries, especially the automotive industry for the development of electric vehicles. Additionally, technological innovations and increasing expenditure for new product developments and improving the existing ones by the major players is further expected to propel the market over the next few years.
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 analog segment is expected to dominate the market during the forecast period. This can be ascribed to the low cost and simple operation of analog function generators. Additionally, these are preferred by the education and research industry for R&D and new product developments.
Regionally, the function generators market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the market during forecast period in the overall function generators market owing to the growing adoption of function generators for precise measurement of electrical components in the aerospace & defense and electronics manufacturing industries.
Major players operating in the global function generators market include 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. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
- To analyze and forecast the market size of global function generators market.
- To classify and forecast global function generators market based on type, waveform, output frequency, application, end user industry, company and regional distribution.
- To identify drivers and challenges for global function generators market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global function generators market.
- To identify and analyze the profile of leading players operating in global function generators market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global function generators market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Function generators manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to function generators
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global function generators market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Function Generators Market, By Type:
- Global Function Generators Market, By Waveform:
- Global Function Generators Market, By Output Frequency:
- Up to 50 MHz
- 50-100 MHz
- Above 100 MHz
- Global Function Generators Market, By Application:
- Circuit Teaching
- Production Test
- Instrument Maintenance
- Global Function Generators Market, By End User Industry:
- Aerospace & Defense
- Energy & Utilities
- Wireless Communication & Infrastructure
- Global Function Generators Market, By Region:
- North America
- United States
- United Kingdom
- South Korea
- Middle East & Africa
- South Africa
- Saudi Arabia
- South America
Company Profiles: Detailed analysis of the major companies present in global function generators market.
- Detailed analysis and profiling of additional market players (up to five).
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