Signal Generators Global Market Report 2026

Signal generators are electronic instruments specifically crafted to generate repetitive waveforms, modulations, and signals for the testing and development of electronic devices and systems. These generated signals play a critical role in the testing, troubleshooting, and design processes of electronic or electroacoustic devices.

The primary categories of products within signal generators include general-purpose signal generators, special-purpose signal generators, and function generators. General-purpose signal generators are electronic devices designed to produce electrical signals with specific properties of amplitude, frequency, and wave shape. They encompass various technologies, including 2G, 3G, and 5G - 4G, and find applications in designing, testing, manufacturing, troubleshooting, repairing, and other related activities. These signal generators cater to diverse end-users, including telecommunications, aerospace and defense, automotive, electronics manufacturing, and healthcare.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on electronic components, semiconductor chips, and rf modules have raised production costs for signal generators, particularly affecting manufacturers and end users in regions that depend heavily on imported precision components such as North America and Europe. Testing-heavy industries like telecommunications, aerospace, and electronics manufacturing face increased equipment pricing and extended procurement timelines. However, tariffs also encourage domestic sourcing of high frequency components, promote regional manufacturing capabilities, and stimulate innovation in locally engineered signal generation technologies.

The signal generators market research report is one of a series of new reports from The Business Research Company that provides signal generators market statistics, including signal generators industry global market size, regional shares, competitors with a signal generators market share, detailed signal generators market segments, market trends and opportunities, and any further data you may need to thrive in the signal generators industry. This signal generators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The signal generators market size has grown strongly in recent years. It will grow from $1.6 billion in 2025 to $1.7 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth in telecommunication network deployments, early adoption of electronic test and measurement tools, rising demand for rf testing in aerospace and defense, expansion of electronics manufacturing capacity, improvements in analog and digital signal generation technologies.

The signal generators market size is expected to see strong growth in the next few years. It will grow to $2.16 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing adoption of 5g and future wireless technologies, rising demand for advanced automotive electronics testing, growth in iot device production, expanding use of biomedical electronics requiring precision waveforms, rising complexity of semiconductor testing environments. Major trends in the forecast period include increasing use of high frequency signal generators for advanced testing, growing demand for multi mode and multi band test equipment, expansion of rf and microwave testing requirements across industries, rising adoption of modular and software defined signal generators, shift toward real time simulation and complex waveform generation.

The growing automotive industry is expected to drive the growth of the signal generator market going forward. The automotive industry refers to the collection of companies, organizations, and activities involved in the design, development, manufacturing, and related operations of motor vehicles. Demand for automobiles remains strong, driven by improved fuel efficiency, advancements in autonomous driving capabilities, and shifting consumer preferences toward modern mobility solutions. Signal generators are used in the automotive industry to test and diagnose various vehicle components, ensuring the safety, performance, and reliability of modern vehicles. For example, in April 2024, according to The Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association representing the automotive industry, the total number of vehicles on UK roads reached a record 41.4 million in 2023, supported by a 1.6% rise in car ownership to 35.69 million units. Therefore, the growing automotive industry is fueling the growth of the signal generator market.

Key players in the signal generator market are concentrating on developing innovative products, such as next-generation vector signal generators, to maintain a competitive advantage. A next-generation vector signal generator is a sophisticated device designed to generate accurate, complex modulated signals for testing and assessing communication systems. It offers improved signal fidelity, bandwidth, and versatility across a variety of applications. For example, in September 2023, Keysight Technologies Inc., a US-based electronics company, introduced the N5186A MXG Vector Signal Generator. This device operates from DC to 8.5 GHz with a modulation bandwidth of 960 MHz per channel. The compact 2U unit supports up to four channels and incorporates direct digital synthesis (DDS) technology to minimize signal distortion. Additionally, an embedded reflectometer improves setup efficiency, and its low phase noise guarantees high-fidelity signal generation, making it ideal for complex applications in both commercial and aerospace defense industries.

In March 2025, Anritsu Corporation, a Japan-based provider of test and measurement equipment for wireless communications and RF systems, partnered with TMY Technology, Inc. to extend Anritsu's vector signal generators up to 44 GHz. Through this partnership, Anritsu aims to enhance its technological capabilities and expand its product offering for advanced applications such as 5G, Wi-Fi 6/7, and satellite communications. TMY Technology, Inc. is a Taiwan-based provider of high-frequency frequency-converter modules and RF front-end components that enable high-bandwidth wireless testing.

Major companies operating in the signal generators market are Agilent Technologies, Ametek Inc., Fluke Corporation, Teledyne Technologies Incorporated, Keysight Technologies, Advantest Corporation, Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Berkeley Nucleonics Corporation (BNC), Rigol Technologies Inc., Good Will Instrument Co. Ltd., Averna Technologies Inc., EA Elektro-Automatik GmbH & Co.KG, Elcom Technologies Inc., Giga-tronics Incorporated, Hameg Instruments GmbH, Aim-TTi (Thurlby Thandar Instruments), Keithley Instruments LLC, RF-Lambda USA LLC, Link Microtek Ltd., Vaunix Technology Corporation, Holzworth Instrumentation Inc., Signal Forge

Asia-Pacific was the largest region in the signal generators market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the signal generators market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the signal generators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The signal generator market consists of revenues earned by entities by providing services such as waveform generation, frequency adjustment, amplitude control, frequency sweep, and signal output. The market value includes the value of related goods sold by the service provider or included within the service offering. The signal generator market also includes sales of oscillators, frequency control circuits, waveform generators, display panels, and output amplifiers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Signal Generators Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses signal generators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for signal generators ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The signal generators market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product: General Purpose Signal Generator; Special Purpose Signal Generator; Function Generator
• 2) By Application: Designing; Testing; Manufacturing; Troubleshooting; Repairing; Other Applications
• 3) By End User Industry: Telecommunication; Aerospace And Defense; Automotive; Electronics Manufacturing; Healthcare
• Subsegments:
• 1) By General Purpose Signal Generator: Analog Signal Generators; Digital Signal Generators
• 2) By Special Purpose Signal Generator: Arbitrary Waveform Generators (AWG); Vector Signal Generators (VSG); RF Signal Generators
• 3) By Function Generator: Low-Frequency Function Generators; High-Frequency Function Generators
• Companies Mentioned: Agilent Technologies; Ametek Inc.; Fluke Corporation; Teledyne Technologies Incorporated; Keysight Technologies; Advantest Corporation; Yokogawa Electric Corporation; Rohde & Schwarz GmbH & Co. KG; Anritsu Corporation; Berkeley Nucleonics Corporation (BNC); Rigol Technologies Inc.; Good Will Instrument Co. Ltd.; Averna Technologies Inc.; EA Elektro-Automatik GmbH & Co.KG; Elcom Technologies Inc.; Giga-tronics Incorporated; Hameg Instruments GmbH; Aim-TTi (Thurlby Thandar Instruments); Keithley Instruments LLC; RF-Lambda USA LLC; Link Microtek Ltd.; Vaunix Technology Corporation; Holzworth Instrumentation Inc.; Signal Forge
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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