Signal Generator Market

By Product;

General-Purpose Signal Generator and Others

By Frequency Range;

Less Than 3 GHz, 3-6 GHz, 6-12 GHz and Above 12 GHz

By Form Factor;

Benchtop and Others

By Technology;

2G, 3G, 4G and 5G NR

By Application;

Designing, Testing and Others

By End-User Industry;

Telecommunications, Automotive and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn820753986 Published Date: September, 2025 Updated Date: October, 2025

Signal Generator Market Overview

Signal Generator Market (USD Million)

Signal Generator Market was valued at USD 1,574.14 million in the year 2024. The size of this market is expected to increase to USD 2,569.35 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.25%.


Signal Generator Market

*Market size in USD million

CAGR 7.25 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.25 %
Market Size (2024)USD 1,574.14 Million
Market Size (2031)USD 2,569.35 Million
Market ConcentrationMedium
Report Pages320
1,574.14
2024
2,569.35
2031

Major Players

  • Keysight Technologies
  • Rohde & Schwarz
  • Tektronix Inc.
  • Anritsu Corporation
  • National Instruments
  • B&K Precision
  • Stanford Research Systems
  • Fluke Corporation
  • Aim-TTi
  • Rigol Technologies

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Signal Generator Market

Fragmented - Highly competitive market without dominant players


The Signal Generator Market is witnessing strong growth due to rising demand for high-precision testing and measurement solutions in modern electronics and communication systems. Over 66% of research and development teams use signal generators to validate circuit performance and ensure accurate signal quality. Their integration supports efficient design verification, functional testing, and product optimization.

Technological Advancements Driving Innovation
Continuous progress in signal modulation and waveform generation technologies is boosting market expansion, with nearly 61% of manufacturers adopting multi-channel and high-frequency generators. Key innovations such as vector signal generation, software-defined modulation, and integrated real-time analysis are enabling better compatibility with complex communication systems and reducing testing cycles significantly.

Growing Role in Wireless Communication Development
The increasing focus on wireless technologies is driving rapid adoption of signal generators, with around 64% of companies utilizing them for RF testing and signal characterization. These solutions are critical in designing high-performance wireless networks, ensuring seamless connectivity, and supporting the development of next-generation communication standards across multiple industries.

Focus on Energy Efficiency and High Reliability
Manufacturers are emphasizing the development of energy-efficient signal generators that deliver precise results while reducing power consumption. Nearly 60% of end-users prefer compact, low-power designs that maintain signal stability and ensure long-term operational reliability. This shift is accelerating innovation and driving the creation of highly scalable solutions to meet evolving testing requirements.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Frequency Range
    3. Market Snapshot, By Form Factor
    4. Market Snapshot, By Technology
    5. Market Snapshot, By Application
    6. Market Snapshot, By End-User Industry
    7. Market Snapshot, By Region
  4. Signal Generator Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Wireless Communication Demand
        3. Increased Testing Needs
        4. Automotive Industry Growth
        5. IoT Expansion
      2. Restraints
        1. High Costs
        2. Technical Complexity
        3. Market Saturation
        4. Regulatory Hurdles
        5. Limited Awareness
      3. Opportunities
        1. Emerging Markets
        2. 5G Development
        3. Military Applications
        4. Healthcare Innovations
        5. Renewable Energy
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Signal Generator Market, By Product, 2021 - 2031 (USD Million)
      1. General-Purpose Signal Generator
      2. Others
    2. Signal Generator Market, By Frequency Range, 2021 - 2031 (USD Million)
      1. Less Than 3 GHz
      2. 3-6 GHz
      3. 6-12 GHz
      4. Above 12 GHz
    3. Signal Generator Market, By Form Factor, 2021 - 2031 (USD Million)
      1. Benchtop
      2. Others
    4. Signal Generator Market, By Technology, 2021 - 2031 (USD Million)
      1. 2G
      2. 3G
      3. 4G
      4. 5G NR
    5. Signal Generator Market, By Application, 2021 - 2031 (USD Million)
      1. Designing
      2. Testing
      3. Others
    6. Signal Generator Market, By End-User Industry, 2021 - 2031 (USD Million)
      1. Telecommunications
      2. Automotive
      3. Others
    7. Signal Generator Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Keysight Technologies
      2. Rohde & Schwarz
      3. National Instruments
      4. Anritsu Corporation
      5. Tektronix Inc.
      6. Siglent Technologies
      7. GW Instek
      8. B&K Precision
      9. Rigol Technologies
      10. Advantest Corporation
      11. Teledyne LeCroy
      12. Thurlby Thandar Instruments (TTi)
      13. ThinkRF
      14. Berkeley Nucleonics Corporation
      15. Vaunix Technology Corporation
  7. Analyst Views
  8. Future Outlook of the Market