Arbitrary Waveform Generator Market (By Product: Single-channel, Dual-channel; By Technology: Direct Digital Synthesis AWG, Variable-clock AWG, Combined AWG; By Application: Telecommunications, Education, Healthcare, Electronics, Industrial, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Oct 2021 | No. of Pages : 150+ Pages | Category : Semiconductor and Electronic

The global arbitrary waveform generator market size is expected to be worth around US$ 570.8 million by 2030, according to a new report by Vision Research Reports.

The global arbitrary waveform generator market size was valued at US$ 315.7 million in 2020 and is anticipated to grow at a CAGR of 9.5% during forecast period 2021 to 2030.

Report Coverage

Report Scope Details
Market Size USD 570.8 million by 2030
Growth Rate CAGR of 9.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Technology, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned B&K Precision Corporation, DynamicSignals LLC, Fluke Corporation, Keysight Technologies, National Instruments, Tektronix Inc., Rohde & Schwarz, and Teledyne LeCroy

Growth Factors

 The growing number of applications of these generators across numerous end-use sectors is expected to drive the arbitrary waveform generator (AWG) market growth over the forecast period. There has been a considerable rise in the investments and R&D activities carried out in various sectors, including healthcare, telecommunications, and aerospace & defense, which have led to the introduction of sophisticated and technologically advanced equipment.

The market growth can be attributed to the growing demand for advanced test and measurement equipment across numerous sectors such as healthcare, aerospace & defense, telecommunications, education, and consumer electronics. The augmented demand for these generators in the commercial sector is principally due to the superior integrity offered by DDS integrated circuits. The growing penetration of internet and the growing demand for communication technologies across the globe has further exerted a positive influence since numerous communication devices in the IoT ecosystem require arbitrary waveform generators (AWGs) for their testing.

By Product Analysis

Based on product, the market is segmented into single-channel AWG and dual-channel AWG. The dual-channel AWG segment is expected to emerge as the highest revenue generating segment by 2030. These generators are increasingly being preferred over their counterparts to serve a wide range of applications. 

The single-channel AWG segment is anticipated to grow at a substantial CAGR over the next six years. Advantages associated with the use of single-channel AWG, such as cost-effectiveness as compared to the dual-channel variants, are leading to increased adoption of these AWGs.

By Technology Analysis

Based on technology, the market is segmented into direct digital synthesis, variable-clock, and combined AWGs. The combined AWG segment is expected to exhibit the fastest growth over the next six years. They form a combination of both, DDS and variable-clock technology, and thereby, exhibit the advantages of both technologies in a single unit of test equipment.

The revenue generated by the Direct Digital Synthesis (DDS) AWG segment was estimated to be almost USD 150 million in 2020 and the segment is projected to witness substantial growth from 2019 to 2025. The technology has been a preferred choice for waveform generation over the past few years. 

By Application Analysis

Based on application, the arbitrary waveform generator (AWG) market is categorized into telecommunications, education, healthcare, electronics, industrial, and others. The telecommunications segment is anticipated to generate the highest revenue, surpassing USD 120 million, by 2025. 

The education segment is expected to emerge as the fastest-growing application segment, exhibiting a CAGR of over 13% from 2021 to 2030. Increasing use of AWGs by lab managers and professors in institutions and universities for signal measurement of various equipment is expected to drive the industry growth. 

By Regional Analysis

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA. Asia Pacific dominated the overall market in 2018 and is expected to continue to dominate & emerge as the fastest-growing region over the next six years. 

Europe is expected to witness significant growth over the forecast period. The region has been witnessing immense growth in the smart factory and industrial IoT arenas. These areas require testing & measurement equipment to a great extent for monitoring and processing data.

Key Players

 B&K Precision Corporation, DynamicSignals LLC, Fluke Corporation, Keysight Technologies, National Instruments, Tektronix Inc., Rohde & Schwarz, and Teledyne LeCroy

Market Segmentation

  • By Product

    • Single-channel

    • Dual-channel

  • By Technology

    • Direct Digital Synthesis AWG

    • Variable-clock AWG

    • Combined AWG

  • By Application

    • Telecommunications

    • Education

    • Healthcare

    • Electronics

    • Industrial

    • Others

  • Regional 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

    • Middle East & Africa

The Arbitrary Waveform Generator market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Arbitrary Waveform Generator market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Arbitrary Waveform Generator market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Arbitrary Waveform Generator market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Arbitrary Waveform Generator market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Arbitrary Waveform Generator capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Arbitrary Waveform Generator by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Arbitrary Waveform Generator market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Arbitrary Waveform Generator market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Arbitrary Waveform Generator market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Arbitrary Waveform Generator industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Arbitrary Waveform Generator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Arbitrary Waveform Generator market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Arbitrary Waveform Generator market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Arbitrary Waveform Generator market. These factors have benefited the growth of the global market for Arbitrary Waveform Generator. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Arbitrary Waveform Generator. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Arbitrary Waveform Generator are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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