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.
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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
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Arbitrary Waveform Generator Market, By Product
7.1. Arbitrary Waveform Generator Market, by Product, 2021-2030
7.1.1. Single-channel
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Dual-channel
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Arbitrary Waveform Generator Market, By Technology
8.1. Arbitrary Waveform Generator Market, by Technology, 2021-2030
8.1.1. Direct Digital Synthesis AWG
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Variable-clock AWG
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Combined AWG
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Arbitrary Waveform Generator Market, By Application
9.1. Arbitrary Waveform Generator Market, by Application, 2021-2030
9.1.1. Telecommunications
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Education
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Healthcare
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Electronics
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Industrial
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Arbitrary Waveform Generator Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Technology (2017-2030)
10.1.3. Market Revenue and Forecast, by Application (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Technology (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Technology (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by Technology (2017-2030)
10.2.3. Market Revenue and Forecast, by Application (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Technology (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Technology (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Technology (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Application (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Technology (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Application (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by Technology (2017-2030)
10.3.3. Market Revenue and Forecast, by Application (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Technology (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Technology (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Technology (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Application (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Technology (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Application (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by Technology (2017-2030)
10.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Technology (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Technology (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Technology (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Application (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Technology (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Application (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by Technology (2017-2030)
10.5.3. Market Revenue and Forecast, by Application (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Technology (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Application (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Technology (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Application (2017-2030)
Chapter 11. Company Profiles
11.1. B&K Precision Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. DynamicSignals LLC
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Fluke Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Keysight Technologies
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. National Instruments
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Tektronix Inc
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Rohde & Schwarz
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Teledyne LeCroy
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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