Function Generators Market:
As per GMI Research’s latest analysis, Global Function Generators Market reveals that the market is slated to register a significant CAGR over the coming years. This is attributed to the increasing dependence on wireless communication and the growing investment by end-use industries in research and development.
Function Generators Market’s leading Manufacturers:
- Keysight Technologies
- Teradyne Inc.
- National Instruments Corporation
- Tektronix, Inc.
- Good Will Instrument Co., Ltd.
- kikusui electronics corp
- B&K Precision Corporation
- Teledyne Technologies
- Rigol Technologies
- Promax Electronica
Function Generators Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The increasing dependence on wireless communication and the growing investment by end-use industries on R & D are the factors contributing to the growth of the global function generators market size. The strong adoption of defense & government services, aerospace, and increasing acceptance of wireless communication will further surge the growth of the market. In addition to this, the increasing introduction of artificial intelligence across various sectors that include energy, automotive, defense & government services, and aerospace will bring lucrative opportunities for market growth. On the other hand, the factors hindering the growth of the market include the high cost and complex operation of function generators.
Type Segment Drivers
Based on the Type, the analog is predicted to rise at a faster CAGR in the coming years due to the reduced cost of analog Function Generators in comparison to the digital Function Generators.
End-User Segment Drivers
Based on the End-User, the aerospace, defense & government services segment is anticipated to grow at a higher CAGR during the forecast period. This is mainly due to the increasing growth and investment in defense & government services, aerospace, which fuels the demand for related services, thus propelling the market growth.
Output Frequency Segment Drivers
Based on the Output Frequency, up to 50 Mhz is expected to rise at a faster rate due to the high adoption of end-user sectors, including defense & government services, automotive, aerospace, and energy. Moreover, the rising R & D activities in the medical and consumer electronics industry, followed by advancements in the in-car entertainment like a speaker and other entertainment gadgets that need up to 50 Mhz output frequency Function Generators, thereby fuelling the demand in the coming years.
Regional Drivers
Based on the region, North America is expected to rise at a faster CAGR over the forecast period due to the growing use of function generators for measuring the electronic components, especially in the defense & electronics manufacturing sectors, aerospace, and rising automation.
Function Generators Market Segmentation:
Segmentation by Type:
- Analog
- Digital
Segmentation by Output Frequency:
- Up to 50 Mhz
- 50-100 Mhz
- Above 100 Mhz
Segmentation by End-User:
- Aerospace, Defence & Government Services
- Automotive
- Energy
- Wireless Communication & Infrastructure
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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