The global arbitrary waveform generator market size is expected to reach US$ 624.4 Million by 2028, registering at a CAGR of 8.4% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
An arbitrary waveform generator is an equipment used to generate electrical waveforms. Increasing penetration of the internet and growing demand from communication technology are boosting the growth of the arbitrary waveform generator market. The various enterprises across the globe are switching from traditional generators to advanced performance arbitrary waveform generators, which positively acting on the growth of the arbitrary waveform generator market. The use of an arbitrary waveform generator helps to reduce the overall operating cost, and it overcomes several limitations associated with a conventional generator, which is further augmenting in the growth of the arbitrary waveform generator market.
The need for testing, measurement, and monitoring of the devices results in increasing use of arbitrary waveform generators. This, in turn, is propelling the growth of the arbitrary waveform generator market. The increasing use of arbitrary waveform generators, owing to their benefits such as enhanced performance of the equipment and cost-effectiveness for computing applications, is boosting the growth of the arbitrary waveform generator market. The rising demand for advanced test and measurement equipment in various sectors such as telecommunications, healthcare, education, and consumer electronics, is expected to fuel the growth of the arbitrary waveform generator market. Mitsubishi Materials Corporation, Sandvik Coromant, Kyocera Precision Tools, Ingersoll Cutting Tool Company, and Ceratizit S.A. are some of the key market players operating in the global carbide tools market.
The listing of key players is derived by considering multiple factors such as overall revenue, current carbide tools product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the carbide tools ecosystems which were studies analyzed during the course of this market research study, such as, Xinrui Industry Co., Ltd., GARR TOOL, DIMAR GROUP, YG-1 Co., Ltd., and Makita Corporation among others. Further, in 2021, Ingersoll Cutting Tools Company expands high speed and feed product lines. In 2020, YG-1 expands “K-2 4Flute Multiple Helix Carbide End Mills Line” optimized for steel, stainless steel and cast-iron machining.
Most of the market initiatives were observed in Asia Pacific (APAC) region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | Development | Region |
| 2021 | Rohde & Schwarz strengthens position in quantum technology market by acquiring Zurich Instruments AG | Europe |
| 2019 | Tabor Electronics announced the expansion of its global reach, opening local offices in the US and Europe | North America |
The arbitrary waveform generator market size is segmented on the basis of channel, technology, bandwidth, application, and geography. Based on channel, the arbitrary waveform generator market analysis is bifurcated into single channel and dual channel. Based on technology, the arbitrary waveform generator market is segmented into direct digital synthesis AWG, variable-clock AWG, and combined AWG. Based on bandwidth, the arbitrary waveform generator market is segmented into below 1GHz, 1–5 GHz, 5–10 GHz, 10–25 GHz, 25–32 GHz, 32–50 GHz, and above 50 GHz. Based on application, the arbitrary waveform generator market analysis is segmented into telecommunication, education, healthcare, electronics, and others. Geographically, the arbitrary waveform generator market size is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Impact of COVID-19 Pandemic on Arbitrary Waveform Generator Market
The arbitrary waveform generator market growth witnessed a substantial decline in revenue in the first half of 2020 owing to the high number of COVID-19 cases. After the upliftment of lockdowns, the market experienced an increasing demand for electronic devices. The ttelecommunication industry’s importance has highlighted the communicational purpose, which allowed the industry to evolve with new technologies such as IoT connectivity. During the fourth quarter of 2021, the demand for electronic devices, specifically for health equipment and smartphones, augmented the market for arbitrary waveform generators.
