Arbitrary Waveform Generator - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Arbitrary Waveform Generator Market is accounted for $337.91 million in 2019 and is expected to reach $773.14 million by 2027 growing at a CAGR of 10.9% during the forecast period. Some of the key factors propelling the market growth include growing demand for advanced test and measurement equipment across numerous sectors, rising penetration of internet, increasing demand for communication technologies across the globe, and increasing application of technology in manufacturing and military sectors. However, high initial capital investments are likely to hamper the market.
An arbitrary waveform generator is equipment used to generate electrical waveforms. The increasing penetration of the internet and growing demand from communication technology is booming the growth of the arbitrary waveform generator market. The various enterprises across the globe are switching from traditional generators to advanced performance arbitrary waveform generators, which positively acting on the growth of arbitrary waveform generator market. The use of an arbitrary waveform generator helps to reduce the overall operating cost, and it overcomes several limitations associated with a conventional generator, which further augmenting in the growth of the arbitrary waveform generator market.
By technology, the direct digital synthesis (DDS) AWG segment is projected to witness substantial growth during the forecast period. The technology has been a preferred choice for waveform generation over the past few years. The benefits offered by this technology include enhanced ability to perform real-time frequency sweeps, convenient usage, and cost-effectiveness. Additionally, most manufacturers prefer the DDS technology for waveform generation owing to its constant clock rate. The constant clock rate allows them to use high-performance and cost-effective filters for the removal of digital artefacts from the output signals.
On the basis of geography, Asia Pacific region is expected to witness significant growing region during the forecast period. The region is increasingly witnessing a rise in demand for testing and measurement equipment, especially in the consumer electronics and aerospace & defense sectors. Additionally, the availability of low-cost skilled labour, along with low manufacturing cost, is expected to contribute significantly to revenue generation in the region.
Some of the key players in arbitrary waveform generator market include Thurlby Thandar Instruments Limited, Yokogawa Electric Corporation, Aplab Ltd., BandK Precision Corporation, Rigol Technologies Inc., Stanford Research Systems, Inc., HAMEG Instruments GmBH, Keithley Instruments, Inc., National Instruments Corporation, Pico Technology, Keysight Technologies, Rohde & Schwarz, Syntek, Tektronix, Teledyne LeCroy, Inc., Astronics Test Systems, Dynamic Signals LLC., Fluke Corporation, Aeroflex Inc., and Agilent Technologies.
• Combined AWG
• Direct Digital Synthesis AWG
• Variable-clock AWG
• Research & Development (R&D)
• Aerospace & Defense
• Electrical Device Repair
• Arbitrary Waveform
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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