The mature SG and AWG market has made slow progress in recent years, with product development being more evolutionary than revolutionary. Innovation remains limited to increasing bandwidth, frequency range, accuracy, and improving operating systems.
New analysis from Frost & Sullivan (testandmeasurement.frost.com), Analysis of the Signal Generator and Arbitrary Waveform Generator Market, finds that the market earned revenues of $636.0 million in 2010. The market is expected to grow at a compound annual growth rate of 3.3 percent to reach $800 million in 2017.
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Most products in the market can deliver either high resolution or signal speed, but not both.
"However, the potential for growth in the AWG segment has been increasing with the introduction of next-generation products providing high-speed bandwidth," says Frost & Sullivan Research Analyst Mariano Kimbara. "An increasing number of digital modulations transport more data in the same bandwidth, making them more likely to generate imprecise levels of transmissions and phase angles and increasing the need for AWGs."
Market participants can also take heart from the continuous development of wireless communication standards, which could potentially lead to a 'wireless decade' in the next ten years. The SGs market will be eagerly following the rapid development of standards such as wireless interoperability for microwave access (WiMAX), third-generation (3G) wireless, fourth-generation (4G) wireless, wideband code-division multiple access (WCDMA).
"Many end users are looking for defined architectures to help them communicate over WiMAX, CDMA, or long term evolution (LTE) and are looking for software packages around hardware that can communicate on these standards," notes Kimbara. "The combination of communications with wireless 60GHz and improvements in new wireless technologies in the aerospace and defense segments will give a boost to the SGs and AWGs market."
There is also a perceptible shift to a software-defined approach in the market. AWGs are especially useful when they are combined with software to simplify waveform creation and fully exploit wideband signal generating capabilities.
The higher technical demand in the SG and AWG market has had companies leveraging new standards such as the new open standard for modular instrumentation and advanced TCA extensions for instrumentation and test (AXIe) in the AWG market. Others are increasing the channel count with four-channel AWGs.
Analysis of the Signal Generator and Arbitrary Waveform Generator Market is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following markets: General Purpose Test & Measurement Equipment and Modular Instruments for Test and Measurement. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
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Analysis of the Signal Generator and Arbitrary Waveform Generator Market / N903-30