CHICAGO, Feb. 14, 2020 /PRNewswire/ -- According to the new market research report "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", published by MarketsandMarkets™, 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. The factors driving the growth of the function generators industry is due to the rising adoption of aerospace, defense & government services and wireless communication which enabling to invest more in R&D across various end-use sectors is helping the growth of the market.
Download PDF Brochure:
The aerospace, defense & government services segment is expected to be the most significant Function Generators Market, by end-user, during the forecast period
Aerospace, defense & government services is projected to be the most significant segment of the Function Generators Market, by end-user, during the forecast period. The segment size is attributed to the growing demand for consumer electronics products such as air-condition, smartphones, refrigerators, laptops, smart TV, and smartwatch. The rapid investment and growth in the aerospace, defense & government services devices will increase the demand for related services leading to an increase in the need for function generators.
The up to 50 MHz segment is expected to be the largest in the Function Generators Market, by output frequency, during the forecast period
The up to 50 MHz segment is expected to grow at the highest rate during the forecast period. Up to 50 MHz function generators are used in end-user industries such as consumer electronics, aerospace, defense & government services, and wireless communication 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, defense & government services, there will be a rise in the demand for this segment
Browse in-depth TOC on "Function Generators Market"
104 – Tables
31 – Figures
161 – Pages
North America is expected to dominate the global function generator market during the forecast period.
In this report, the Function Generators Market has been analyzed for five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. North America is expected to lead the market during the forecast period.
The growing demand and production of aerospace, defense & government services, and increasing industrial automation in countries like the US and Canada. High expenditure of aerospace, defense & government services and automotive sector are the driving factors for the growth of the Function Generators Market in North America.
Speak to Analyst:
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Function Generators Market. These include Keysight Technologies (US), National Instruments (US), Yokogawa (Japan), Fortive (Fluke & Tektronix) (US), Hioki E.E. Corporation (Japan), Good Will Instrument (Taiwan), Teradyne (US). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.
Explore Relevant Report:
- Test and Measurement Equipment Market by Product (General Purpose Test Equipment, Mechanical Test Equipment), Service Type (Calibration Services, Repair Services/After Sales Services), End–Use Sector, and Geography – Global Forecast to 2024
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/function-generator-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/function-generator.asp