Signal Generator Market growth is driven by rising demand for advanced testing in telecommunications, aerospace, and electronics, along with 5G expansion and IoT device proliferation.
Austin, Nov. 04, 2025 (GLOBE NEWSWIRE) — Signal Generator Market Size & Growth Insights:
According to the SNS Insider,“The Signal Generator Market Size was valued at USD 1.59 Billion in 2024 and is expected to grow at a CAGR of 7.90% to reach USD 2.94 Billion by 2032.”
Increased Impact of 5G is Propelling the Demand for Signal Generators Globally
The communication sector has undergone significant transformation with the introduction of 5G networks, and the need for advanced test and design tools is rising. Signal generators are crucial for testing and confirming the functionality of 5G components, such as transceivers and antennas. With over 60% of base stations set up in China by 2023, nations, such as the U.S. and China have seized the lead in the rollout of 5G. According to research, 5G rollouts have resulted in a 25% yearly increase in demand for RF testing equipment, such as signal generators. As companies shift to 5G-enabled IoT ecosystems, autonomous systems, and smart cities, this trend will only increase.
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Leading Market Players with their Product Listed in this Report are:
- Keysight Technologies Inc.
- Rohde & Schwarz GmbH & Co. KG
- National Instruments Corporation
- Anritsu Corporation
- Tektronix Inc.
- Teledyne Technologies Incorporated
- B&K Precision Corporation
- Fluke Corporation
- Stanford Research Systems
- Good Will Instrument Co. Ltd.
- Yokogawa Electric Corporation
- Aaronia AG
- Vaunix Technology Corporation
- Berkeley Nucleonics Corporation
- Rigol Technologies Inc.
- Siglent Technologies
- Aim-TTi (Aim and Thurlby Thandar Instruments)
- AnaPico AG
- Marconi Instruments
- Giga-tronics Incorporated.
Signal Generator Market Report Scope:
| Report Attributes | Details |
| Market Size in 2024 | USD 1.59 Billion |
| Market Size by 2032 | USD 2.94 Billion |
| CAGR | CAGR of 7.90% From 2025 to 2032 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segmentation | • By Product Type (RF Signal Generator, Microwave Signal Generator, Arbitrary Waveform Generator, Vector Signal Generator, Other Product Types), • By Technology (Global Systems for Mobile Phones (GSM), Code Division Multiple Access (CDMA), Wideband Code Division Multiple Access (WCDMA), Long Term Evolution (LTE), Other Technologies), • By Application (Designing, Testing, Manufacturing, Troubleshooting, Repairing, Others), • By End User (Communications, Aerospace & Defense, Automotive, Electronics Manufacturing, Chemical Industry, Healthcare, Other) |
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Key Industry Segmentation
By Application
The Designing segment dominated in 2024 with an enviable 48% share in the market as this function is critical in producing some advanced electronic circuits and their accompanying parts. The Testing segment is anticipated to grow with the highest CAGR of 8.73% over the forecast period 2025-2032 due to the increasing demand for reliable and high-performance devices across industries.
By End-User
The Communications segment led the market in 2024 with 42% of the market share, underlining the sector’s dependence on signal generators to develop and test advanced telecommunication systems. The Communications segment is expected to grow with the highest CAGR of 8.12% in the forecast period 2025-2032, mainly due to rapid advancement in 5G technology, IoT adoption, and increasing demand for efficient spectrum utilization.
Regional Insights:
North America dominated the market in 2024 with 46% market share, mainly due to high investments in aerospace, defense, and telecommunication sectors. The USA leads the region due to its focus on cutting-edge technologies and R&D initiatives.
Asia Pacific is expected to grow the fastest with a CAGR of 8.35% during the forecast period (2025–2032), driven by fast industrialization and advancement in communication infrastructure in countries like China, India, and Japan.
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Recent News:
- May 2024: Syntony GNSS has collaborated with Keysight Technologies, manufacturer of RF testing solutions. The company will advance GNSS testing and simulation capabilities for Syntony through partnership with Keysight’s VXG advanced signal generator. With the ability to generate thousands of simultaneous signals across all GNSS constellations and bands, it is a feature that includes time and phase synchronization for high-fidelity accuracy in simulation scenarios.
- March 2023: In a joint development partnership with Virginia Diodes, Inc., Anritsu Company introduced frequency extender modules for its Rubidium line of signal generators, which offer coverage from 50 GHz to 1100 GHz, making them the industry’s broadest in frequency coverage and best output power in their class, in order to create a sub-THz signal generator solution for emerging scientific, wireless communications systems, and body scanner and material scanner applications.
Exclusive Sections of the Signal Generator Market Report (The USPs):
- INNOVATION EXPENDITURE INSIGHTS – helps you evaluate how leading manufacturers allocate their R&D budgets (%) toward developing next-generation vector and arbitrary waveform signal generators, revealing where future breakthroughs and competitive advantages are most likely to emerge.
- PATENT PIPELINE ANALYSIS – helps you understand the innovation depth and IP strength across the industry by analyzing the number of patents filed in advanced modulation, frequency synthesis, and signal integrity enhancement over the last five years.
- 5G & HIGH-FREQUENCY INVESTMENT SHARE – helps you identify the technological focus areas of key companies through the share (%) of revenue dedicated to 5G, mmWave, and high-frequency testing innovations, guiding investors toward next-wave product opportunities.
- TECHNOLOGY COMMERCIALIZATION EFFICIENCY – helps you assess how effectively R&D spending translates into market-ready innovations by tracking the conversion rate of R&D investment into patented and deployable solutions in emerging high-frequency domains.
- INNOVATION READINESS INDEX – helps you benchmark the future-readiness of market leaders by combining metrics such as R&D intensity, patent activity, and focus on high-frequency applications — offering a clear indicator of which players are positioned to lead in the 6G and AI-driven testing era.
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