Outlook into the Function Generators Market to 2024 - Growing Emphasis on Artificial Intelligence (AI) in Various Sectors Presents Opportunities

DUBLIN, Feb. 28, 2020 /PRNewswire/ -- The "Function Generators Market by Type, Output Frequency (Up-to 50 MHz, 50-100 MHz, Above 100 MHz), End-User (Aerospace, Defense & Government Services, Automotive, Energy, Wireless Communication & Infrastructure), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global function generators market size is projected to reach USD 1.9 billion by 2024 from an estimated market size of USD 1.4 billion in 2019, at a CAGR of 6.1% during the forecast period.

Rising adoption of aerospace, defence & government services and wireless communication which enabling to invest more in R&D across various end-use industries is helping the growth of the function generators industry.

The wireless communication and infrastructure segment is expected to be the fastest-growing market during the forecast period.

The function generators market, by the end-user, is segmented into aerospace, defense & government services, automotive, energy, and wireless communication & infrastructure, among other end-users. Wireless communication & infrastructure segment of the function generators industry is growing rapidly because of the widespread usage of equipment, such as satellite communication phones, mobile phones, and broadband and Internet facilities. These equipment have critical electronic components such as mic, band-pass filters, and network scanners for effective operations. In regions such as North America, these factors collectively are likely to boost the demand for wireless communication & infrastructure segment in the function generators industry during the forecast period.

The Up to 50 MHz segment is expected to grow at the highest CAGR from 2019 to 2024.

The function generators market, by output frequency, is segmented into up to 50 MHz, 50 MHz to 100 MHz and Above 100 MHz. Up to 50 MHz is expected to be the largest and fastest-growing segment of the market during the forecast period. It is used to test various types of products such as motors, air conditioners, fans, heater, and electric motor; solar PV, automated external defibrillator; and satellite in major end-user industries such as consumer electronics, automotive, wireless communication, and aerospace and defense & government services. Electrical products have currents up to 50 MHz in end-user industries, such as consumer electronics, which are much more in number when compared with those electrical products that use ranging from 50-100 MHz and above 100 MHz. Hence, with the growth in aerospace and defense & government services, there will be a rise in the demand for this segment.

North America is expected to lead in the global function generators.

North America is currently the fastest-growing function generators market, followed by Asia Pacific and Europe. It is expected in North America that there will be maximum adoption and implementation of test and measurement equipment in wireless communication & infrastructure and aerospace and defense & government services end-users in North America. The primary growth driver for the market in this region is the growing number of 5G connections which would require wireless test equipment, test performance, and network management solutions.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Function Generators Market
4.2 Function Generators Market, By Region
4.3 North American Function Generators Market, By End-User & Country
4.4 Function Generators Market, By Type
4.5 Function Generators, By Output Frequency

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Investments in Research & Development (R&D) By End-Use Industries
5.2.1.2 Rising Dependence on Wireless Communication
5.2.2 Restraints
5.2.2.1 High Cost of Function Generators
5.2.2.2 Complex Operation
5.2.3 Opportunities
5.2.3.1 Growing Emphasis on Artificial Intelligence (AI) in Various Sectors
5.2.4 Challenges
5.2.4.1 Availability of Alternative Electronic Equipment
5.2.4.2 Rapidly Evolving Electronics Market

6 Function Generators Market, By Type
6.1 Introduction
6.1.1 Analog
6.1.2 Low Cost and Simple Operation of Analog Function Generators are Expected to Drive Their Demand
6.2 Digital
6.2.1 Output Accuracy and Wide Frequency Output Range of Digital Function Generators are Expected to Propel the Market

7 Function Generators Market, By Output Frequency
7.1 Introduction
7.2 Up to 50 Mhz
7.2.1 Increasing Need to Test Radar Equipment and Growing Scientific Research are Driving the Demand for Up to 50 Mhz Function Generators
7.3 50-100 Mhz
7.3.1 Increasing Emphasis on Enhancing Wireless Operations in Consumer Electronics is A Major Driver for Function Generators
7.4 Above 100 Mhz
7.4.1 Increasing Investments for Enhancing Communication Systems in the Aerospace & Defense Sector and Improving Radio Frequency (Rf) Operations are Expected to Drive the Function Generators Market

8 Function Generators Market, By End-User
8.1 Introduction
8.2 Aerospace, Defense & Government Services
8.2.1 Rising Need for Testing the Wireless Communication Systems Used in the Aerospace Sector is Expected to Drive the Demand for Function Generators
8.3 Automotive
8.3.1 Increasing R&D in Sensor-Based Technologies for Autonomous Vehicles is Expected to Drive the Market for Function Generators
8.4 Energy
8.4.1 Need to Simulate Real-Time Operations is Expected to Drive the Demand for Function Generators
8.5 Wireless Communication and Infrastructure
8.5.1 Emphasis on Reliability and Flexibility of 5g Components is Driving the Demand for Function Generators
8.6 Others
8.6.1 Consumer Electronics & Appliances
8.6.2 Medical Equipment Manufacturing

9 Function Generators Market, By Region
9.1 Introduction
9.2 North America
9.3 US
9.3.1 Demand for Testing Automotive and Aerospace Communication System Sensors is Driving the Market
9.4 Canada
9.4.1 Testing of High-Speed Wireless Services and Automotive Technologies is Expected to Drive the Demand for Function Generators
9.5 Mexico
9.5.1 Increasing Investment By Automotive Players in New Mobility Technology Testing is Expected to Drive the Market for Function Generators
9.6 South America
9.7 Brazil
9.7.1 Need for Product Development in Aerospace and Automotive Sectors is Driving the Demand for Function Generators
9.8 Argentina
9.8.1 Increasing Investment in Wireless Communication Testing is Expected to Drive the Market
9.9 Chile
9.9.1 Increasing Focus on R&D for the Aerospace Industry is Expected to Drive the Market
9.10 Europe
9.11 Germany
9.11.1 Growth in Autonomous Vehicles is Expected to Drive the Function Generators Market
9.12 UK
9.12.1 Rising Investments in the Aerospace Sector are Expected to Drive the Market
9.13 France
9.13.1 Need for Testing Equipment's During the Stage of R&D is Expected to Drive the Market
9.14 Italy
9.14.1 Continued Research and Development in Driver-Assisting Technologies is Expected to Drive the Market
9.15 Spain
9.15.1 Increasing Focus on R&D Investment for the Support of Electric and Autonomous Vehicle is Expected to Drive the Market
9.16 Russia
9.16.1 Supportive Government Policies for Increasing Domestic Production of Aerospace and Automobiles are Driving the Russian Function Generator Market 89
9.17 Rest of Europe
9.18 Asia Pacific
9.19 China
9.19.1 Increasing Need to Test 5g Infrastructure Development and Automotive Powertrain and Infotainment Technologies is Driving the Market
9.2 Australia
9.20.1 Planned 5g Rollout and Need to Test New Mobility Concepts are Driving the Demand of Function Generators
9.21 Japan
9.21.1 Need to Test Sensors for Autonomous Vehicle Development and 5g Components is Driving the Market
9.22 India
9.22.1 R&D Initiatives in Aerospace Component Development and Automotive Technologies are Driving the Demand for Function Generators
9.23 South Korea
9.23.1 Development and Adoption of Driver Assisting Techniques and 5g Technology are Driving the Market
9.24 Rest of Asia Pacific
9.25 Middle East & Africa
9.26 Middle East
9.26.1 Growing Focus on the Aerospace Sector Manufacturing is Expected to Drive the Demand for Function Generators
9.27 Africa
9.27.1 Increasing Demand for Function Generators in Aerospace Testing is Driving the Market

10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping (Overall Market)
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging Players
10.3 Market Share, 2018
10.4 Competitive Scenario
10.4.1 New Product Launches
10.4.2 Partnerships & Collaborations

11 Company Profile
11.1 National Instruments
11.2 Good Will Instrument
11.3 Keysight Technologies
11.4 Kikusui Electronics
11.5 Teradyne
11.6 Tektronix
11.7 B&K Precision
11.8 Fluke Corporation
11.9 Teledyne Technologies
11.10 Rigol Technologies
11.11 Promax Electronica
11.12 Tabor Electronics
11.13 AEMC Instruments
11.14 Scientech Technologies
11.15 Shijiazhuang Suin Instruments
11.16 Berkeley Nucleonics
11.17 Kuman
11.18 Sigma Instruments
11.19 Saelig
11.20 Maxim Integrated
11.21 National Test Equipment

For more information about this report visit https://www.researchandmarkets.com/r/5r6ygi

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