Market Overview:
The global function generators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for digital function generators and sweep function generators, and the growing demand for circuit teaching applications. The analogue function generators segment is expected to dominate the global market in terms of revenue during the forecast period. However, the digital function generators segment is projected to grow at a higher CAGR than other segments during the forecast period.
Product Definition:
A function generator is an electronic device that generates repeating waveforms. They are used to generate test signals, for example, when testing the performance of a digital circuit or checking the response of a component to different frequencies.
Analogue Function Generators:
Analogue function generators are used to generate a continuous range of voltages and currents. They are mainly used in analog-to-digital convertors, power supplies, and current sensors. The market for these devices is expected to grow at a significant rate owing to the increasing demand for digital systems in various sectors such as automotive & transportation, consumer electronics & appliances among others.
Digital Function Generators:
Digital function generators (DFGs) are electronic circuits that generate specific digital waveforms. They are used in various applications such as test & measurement equipment, radio communication systems, and telecommunication devices. The most common application of a DFG is to produce a continuous sine waveform for use in an AC-DC power supply for electronic equipment such as computers and cell phones.
Application Insights:
In terms of application, the global function generators market has been classified into circuit teaching, production test, instrument maintenance, laboratory use and others. The circuit teaching segment held the largest share in 2017. Circuit training is a vital part of electronics and electrical engineering education. Students are trained to understand the basic functioning of electronic circuits by using simple components like LEDs and resistors along with function generators for testing various aspects such as signal generation & amplification, square waves etc.
The production test segment is expected to grow at a lucrative rate over the forecast period owing to its usage in semiconductor manufacturing facilities for testing equipment performance before it goes on-line for manufacturing chipsets or microcontrollers which are used in numerous end-use industries including automotive electronics among others. Electronic product manufacturers usually have their own customised version of these function generators designed specifically for R&D purposes as they are required to meet stringent standards set by regulatory authorities pertaining to safety & emissions etc.
Regional Analysis:
Asia Pacific and Latin America are anticipated to be the key regional markets over the forecast period. The growth in these regions can be attributed to increasing government investments in R&D, rising industrial automation, and growing consumer electronics production. Asia Pacific is expected to lead with a market share of more than 40% by 2030 owing to increased spending on industrial automation and manufacturing facilities.
The European region is also likely to witness significant growth over the next eight years due its large presence of electronic component manufacturers such as Infineon Technologies; NXP Semiconductors; Qualcomm Inc.; Texas Instruments Inc.; Maxim Integrated Products; Analog Devices Inc.; Skyworks Solutions Holdings, Inc.; Silicon Lab BV; STMicroelectronics SA; and others. These companies are investing heavily in research & development activities for producing low-power consuming digital products along with analog devices for use across various industries including automotive, transportation & logistics, healthcare & life sciences, communication technologies (IT), etc.
Growth Factors:
- Increasing demand for electronic products and growing number of R&D activities in the electronics sector are expected to drive the growth of the function generators market.
- The increasing popularity of portable devices is also projected to fuel the demand for function generators in the coming years.
- Growing number of applications such as medical diagnostics, automotive testing, and aerospace & defense is anticipated to create new opportunities for this market in near future.
- Rising awareness about benefits offered by function generators is another key factor that is likely to boost its adoption over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Function Generators Market Research Report
By Type
Analogue Function Generators, Digital Function Generators, Sweep Function Generators
By Application
Circuit Teaching, Production Test, Instrument Maintenance, Laboratory, Others
By Companies
Agilent, MTS, Promax, Heath Zenith, Tektronix, Wavetek, Ametek Programmable Power, B&K Precision, BNC, Echocontrol, ELC, Eps Stromversorgung Gmbh, Fujian Lilliput Optoelectronics Technology, Sourcetronic, Stanford Research Systems, Tabor Electronics, Tecpel, Haefely Hipotronics, Hameg Instruments, Keithley Instruments , Keysight Technologies , Kikusui Electronics , Madell Technology , Matsusada, Pickering Interfaces
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Function Generators Market Report Segments:
The global Function Generators market is segmented on the basis of:
Types
Analogue Function Generators, Digital Function Generators, Sweep Function Generators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Circuit Teaching, Production Test, Instrument Maintenance, Laboratory, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Agilent
- MTS
- Promax
- Heath Zenith
- Tektronix
- Wavetek
- Ametek Programmable Power
- B&K Precision
- BNC
- Echocontrol
- ELC
- Eps Stromversorgung Gmbh
- Fujian Lilliput Optoelectronics Technology
- Sourcetronic
- Stanford Research Systems
- Tabor Electronics
- Tecpel
- Haefely Hipotronics
- Hameg Instruments
- Keithley InstrumentsÂ
- Keysight TechnologiesÂ
- Kikusui ElectronicsÂ
- Madell TechnologyÂ
- Matsusada
- Pickering Interfaces
Highlights of The Function Generators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Analogue Function Generators
- Digital Function Generators
- Sweep Function Generators
- By Application:
- Circuit Teaching
- Production Test
- Instrument Maintenance
- Laboratory
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Function Generators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Function generators are a type of computer program that generate functions. They allow you to create custom functions without having to write code from scratch.
Some of the major companies in the function generators market are Agilent, MTS, Promax, Heath Zenith, Tektronix, Wavetek, Ametek Programmable Power, B&K Precision, BNC, Echocontrol, ELC, Eps Stromversorgung Gmbh, Fujian Lilliput Optoelectronics Technology, Sourcetronic, Stanford Research Systems, Tabor Electronics, Tecpel, Haefely Hipotronics, Hameg Instruments, Keithley Instruments‚Â , Keysight Technologies‚Â , Kikusui Electronics‚Â , Madell Technology‚Â , Matsusada, Pickering Interfaces.
The function generators market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Function Generators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Function Generators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Function Generators Market - Supply Chain
4.5. Global Function Generators Market Forecast
4.5.1. Function Generators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Function Generators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Function Generators Market Absolute $ Opportunity
5. Global Function Generators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Function Generators Market Size and Volume Forecast by Type
5.3.1. Analogue Function Generators
5.3.2. Digital Function Generators
5.3.3. Sweep Function Generators
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Function Generators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Function Generators Market Size and Volume Forecast by Application
6.3.1. Circuit Teaching
6.3.2. Production Test
6.3.3. Instrument Maintenance
6.3.4. Laboratory
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Function Generators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Function Generators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Function Generators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Function Generators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Function Generators Demand Share Forecast, 2019-2029
9. North America Function Generators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Function Generators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Function Generators Market Size and Volume Forecast by Application
9.4.1. Circuit Teaching
9.4.2. Production Test
9.4.3. Instrument Maintenance
9.4.4. Laboratory
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Function Generators Market Size and Volume Forecast by Type
9.7.1. Analogue Function Generators
9.7.2. Digital Function Generators
9.7.3. Sweep Function Generators
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Function Generators Demand Share Forecast, 2019-2029
10. Latin America Function Generators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Function Generators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Function Generators Market Size and Volume Forecast by Application
10.4.1. Circuit Teaching
10.4.2. Production Test
10.4.3. Instrument Maintenance
10.4.4. Laboratory
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Function Generators Market Size and Volume Forecast by Type
10.7.1. Analogue Function Generators
10.7.2. Digital Function Generators
10.7.3. Sweep Function Generators
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Function Generators Demand Share Forecast, 2019-2029
11. Europe Function Generators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Function Generators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Function Generators Market Size and Volume Forecast by Application
11.4.1. Circuit Teaching
11.4.2. Production Test
11.4.3. Instrument Maintenance
11.4.4. Laboratory
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Function Generators Market Size and Volume Forecast by Type
11.7.1. Analogue Function Generators
11.7.2. Digital Function Generators
11.7.3. Sweep Function Generators
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Function Generators Demand Share, 2019-2029
12. Asia Pacific Function Generators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Function Generators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Function Generators Market Size and Volume Forecast by Application
12.4.1. Circuit Teaching
12.4.2. Production Test
12.4.3. Instrument Maintenance
12.4.4. Laboratory
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Function Generators Market Size and Volume Forecast by Type
12.7.1. Analogue Function Generators
12.7.2. Digital Function Generators
12.7.3. Sweep Function Generators
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Function Generators Demand Share, 2019-2029
13. Middle East & Africa Function Generators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Function Generators Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Function Generators Market Size and Volume Forecast by Application
13.4.1. Circuit Teaching
13.4.2. Production Test
13.4.3. Instrument Maintenance
13.4.4. Laboratory
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Function Generators Market Size and Volume Forecast by Type
13.7.1. Analogue Function Generators
13.7.2. Digital Function Generators
13.7.3. Sweep Function Generators
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Function Generators Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Function Generators Market: Market Share Analysis
14.2. Function Generators Distributors and Customers
14.3. Function Generators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Agilent
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MTS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Promax
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Heath Zenith
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tektronix
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wavetek
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ametek Programmable Power
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. B&K Precision
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BNC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Echocontrol
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ELC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eps Stromversorgung Gmbh
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fujian Lilliput Optoelectronics Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sourcetronic
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Stanford Research Systems
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tabor Electronics
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tecpel
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Haefely Hipotronics
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hameg Instruments
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Keithley Instruments
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
