SIGNAL GENERATOR MARKET ANALYSIS

Market Challenges And Opportunities

High Investment to Set Up and Maintain Signal Generators is Restraining Growth of the Market

High cost is one of the key restraints, which is adversely impacting growth of the signal generators market. Furthermore, lack of knowledge regarding the use of signal generators has led to minimalistic adoption of signal generators across numerous industries. Moreover, refusal of existing companies within the electronics sector to invest in such an advanced technology inhibits the growth of signal generator market.

Signal Generators’ Ability to Provide Stable Wireless Signals for Telecommunication Applications is Driving Growth of the Market

Signal generator are used by various industries such as telecommunication, aerospace and defense, and automotive. Increasing demand for signal generators in telecommunication industry is one of the key factor driving growth of the market of signal generators. This is owing to the fact that signal generators provide high signal purity, create low noise, and give frequency stability in wireless communication networks. Wireless technology has been greatly influenced by signal generators due to the advent of cellular technologies such as 2G, 3G, and 4G that use signal generators for generating signals. Furthermore, signal generators are also used in other mobile technologies such as Code Division Multiple Access (CDMA), Global System for Mobile communications (GSM), Long Term Evolution (LTE), and Wideband Code Division Multiple Access (WCDMA) that is tested using ‘real-world’ signals. Increase in budgetary allocations of aerospace and defense industry also acts as one of the major growth drivers of the market of signal generators. This is due to use of signal generators in applications such as Radio Frequency & Intermediate Frequency (RF/IF) signal generation and Low Order (LO) substitution, which helps in achieving greater precision in avionic instruments. For instance, according to a 2018 report by Invest India (National Investment Promotion and Facilitation Agency) in India, the financial allocation for defense in budget of 2017-18 was nearly US$ 41 billion with US$ 13.3 billion allocated for capital expenditure. This was equivalent to 31.7 percent of the total budgetary allocation for all sectors put together.