Arbitrary Waveform Generator Market Analysis Up to 2028

According to the latest research report titled “Arbitrary Waveform Generator Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 624.4 million by 2028 and register a CAGR of 8.4% from 2022 to 2028.

The need for testing, measurement, and monitoring of electronic devices results in the increasing use of arbitrary waveform generators. The use of arbitrary waveform generators is growing, owing to their benefits, such as enhanced performance of the equipment and cost-effectiveness for computing applications. The rising demand for advanced test and measurement equipment in various sectors, such as telecommunications, healthcare, education, and consumer electronics, is expected to fuel the arbitrary waveform generator market growth.

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The arbitrary waveform generators are widely used as test equipment across various industries. Since the wave shapes produced by the generators can be programmed independently by the user, they perform a wide variety of signal applications such as channel summing, synchronization, and noise generation. The demand for arbitrary waveform generators is rising with the increasing need for testing, measuring, and monitoring devices requiring high electronic precision. Since the volume and density of semiconductor components are on the rise in electronic devices, these generators are commonly used to test the functioning of every aspect of these components. Growing demand in semiconductor industry will have a positively contribute towards arbitrary waveform generator market size.

The wide availability of generators is attracting a larger customer base. For instance, the multi-channel AWGs provide better synchronization, channel summing, and noise generation capabilities. On the other hand, single-channel AWGs are cost-effective and more user-friendly. Similarly, generators are developed using different technologies such as direct digital synthesis and variable clock AWG, to meet the specific requirements of the user. Majority of the arbitrary waveform manufacturers such as Keysight Technologies, B&K Precision Corporation, and Tektronix Inc., are offering a comprehensive range of products under different segments. The availability of these AWGs is one of the key factor driving the arbitrary waveform generator market size.

Impact of COVID-19 Pandemic on Arbitrary Waveform Generator Market

Due to the COVID-19 crisis, many businesses, including the electronic industry, across the world faced financial challenges as their activities were substantially reduced due to lack of workforce, government-imposed restrictions, and decreasing sales. However, the arbitrary waveform generator market witnessed healthy growth post lockdown owing to the increasing demand for advanced electronics devices to restart facilities and operations.

Containment measures imposed by governments of various countries to control the spread of COVID-19 have led to the lesser production of commodities, goods, and services. The manufacturing sector has witnessed a decline in its operations due to the temporary shutdown of activities. The electronics industry was severely affected as the demand for electronic components significantly decreased, consequently affecting the arbitrary waveform generator market analysis. The revenue model for electronics has also declined because mass production was shut down during the lockdown period. After the upliftment of lockdown, the industry regained the arbitrary waveform generator market share as production facilities restarted operations by adhering to the social distancing norms.

Arbitrary Waveform Generator Market: Competitive Landscape and Key Developments

B&K Precision Corporation; Berkeley Nucleonics Corporation; Keysight Technologies; Pico Technology; Rohde & Schwarz; SHF Communication Technologies AG; Tabor Electronics Ltd.; TEKTRONIX, INC.; Teledyne LeCroy; and Texas Instruments Incorporated are a few of the key arbitrary waveform generator market players that are profiled during the study. Several other arbitrary waveform generator market players were studied and analyzed to get a holistic view of the market and its ecosystem.

In comparison to other geographic regions of the world, the economic outlook of APAC region is quite dynamic. The APAC region has a huge growth potential with fast growing countries like China and India and developed nations such as Japan and Australia. With global economy moving fast towards digitization, APAC region is also contributing an impressive share towards this trend. The mentioned aspect is contributing positively towards the arbitrary waveform generator market analysis.

The direct digital synthesis (DDS) technology is used commonly by AWG for creating arbitrary waveforms from a single, fixed-frequency reference clock. The advantages of DDS technology over its analog counterpart include better frequency agility, improved phase noise, reduced complexity, increased stability, and precise control of the output phase across frequency switching transitions. Owing to its advantages, the direct digital synthesis AWG is widely used in applications such as signal generation, local oscillators in communication systems, function generators, mixers, modulators, sound synthesizers, and as a part of a digital phase‑locked loop.

China is a leading manufacturing hub for electronics and telecommunication products, while India and Japan are also significant contributors to the regional growth. Many countries in APAC are characterized by the mass production of electronic components required in applications such as consumer electronics, automotive, telecommunication, and other industrial machinery. The rising number of electronics manufacturing companies in India and China and the availability of cost-effective skilled resources are other factors driving the arbitrary waveform generator market size in APAC.

Similarly, The Middle East countries, particularly Saudi Arabia, UAE, Qatar, and Israel, among others, investing significant amounts in developing and procuring advanced technologies for every sector. Growing penetration of internet and consumer electronics is anticipated to create steady opportunities for market players. Government Initiatives that are boosting the penetration of advanced technologies. For instance, the governments has laid enhanced focus on the development and deployment of various advanced technology to meet the country’s plan for building a prominent economy as per the VISION 2030. Also Smart Dubai Strategy, is among other initiatives which will have a positive effect on market.

Likewise, in South America, The Government in the region is taking various initiatives in order to attract investments in various industry verticals. SAM region has developing economies, particularly. For instance, government of Chile has relaxed its norms for attracting FDI in the country. This is due to the economic development of the region, resulting in increased per capita income which would subsequently drive the adoption of consumer electronics in the region.

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global arbitrary waveform generator market

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global arbitrary waveform generator market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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