Arbitrary Waveform Generator Market To Reach $875.3 Million By 2030

Arbitrary Waveform Generator Market Growth & Trends

The global arbitrary waveform generator market size is expected to reach USD 875.3 million by 2030, registering a CAGR of 9.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growing number of applications of these generators across numerous end-use sectors is expected to drive the arbitrary waveform generator (AWG) market growth over the forecast period. There has been a considerable rise in the investments and R&D activities carried out in various sectors, including healthcare, telecommunications, and aerospace & defense, which have led to the introduction of sophisticated and technologically advanced equipment. As a result, AWGs are expected to be the standard for the simulation of waveforms owing to the high complexity of electronic systems.

The augmented demand for these generators in the commercial sector can be primarily attributed to the growing popularity of reliable DDS integrated circuits. Users are increasingly preferring these generators over the conventional function generators owing to benefits such as improved performance and cost-effectiveness offered by these generators for computing applications. Additionally, the aerospace & defense and healthcare sectors are witnessing significant investments in the development of advanced equipment, which require sophisticated testing and signal measurement procedures. This is expected to drive the demand for AWGs in these sectors.

Dynamic applicability in the manufacturing and military sectors, along with surging demand from the telecommunications sector, is anticipated to drive the AWG market growth. Various enterprises are shifting their preference from traditional function generators to advanced AWGs owing to their enhanced performance. As a result, the decision-makers in these enterprises are now able to augment the performance throughput of their equipment as per their requirements, in addition to leveraging the benefit of cost-effectiveness.

The rising popularity of new technologies, including EDGE and WiMAX, is poised to further escalate the demand for AWGs. These generators offer numerous benefits, such as higher speed, flexibility, and performance, which are expected to augment the AWG market growth in the next six years. Moreover, in order to ensure optimum flexibility and versatility of these generators, several manufacturers such as Keysight Technologies and Tektronix, Inc. are developing AWG software to allow the generation of standard-compliant waveforms and to offer high-precision testing capabilities.

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Arbitrary Waveform Generator Market Report Highlights

• The dual-channel segment accounted for the largest revenue share of 62.2% in the global arbitrary waveform generator industry in 2024 and is further expected to maintain its position during the forecast period. The single-channel AWG segment is expected to advance at a significant CAGR from 2025 to 2030.

• The direct digital synthesis (DDS) technology accounted for the largest revenue share in the global AWG market in 2024. The combined AWG segment, which involves DDS and variable-clock technologies, is expected to grow at the fastest CAGR from 2025 to 2030.

• The telecommunications segment accounted for the largest revenue share in the global arbitrary waveform generator industry in 2024. The education segment is expected to advance at the fastest CAGR in the market from 2025 to 2030.

• The North America arbitrary waveform generator market accounted for the largest global revenue share of 41.6% in 2024. The Asia Pacific region is expected to advance at the highest CAGR in the global AWG market during the forecast period.

Arbitrary Waveform Generator Market Segmentation

Grand View Research has segmented global arbitrary waveform generator market report based on product, technology, application, and region:

Arbitrary Waveform Generator Product Outlook (Revenue, USD Million, 2018 - 2030)

• Single-channel

• Dual-channel

Arbitrary Waveform Generator Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Direct Digital Synthesis

• Variable-clock

• Combined AWG

Arbitrary Waveform Generator Application Outlook (Revenue, USD Million, 2018 - 2030)

• Telecommunications

• Education

• Healthcare

• Electronics

• Industrial

• Others

Arbitrary Waveform Generator Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • UAE

List of Key Players in the Arbitrary Waveform Generator Market

• TEKTRONIX, INC.

• Rohde & Schwarz

• NATIONAL INSTRUMENTS CORP.

• B&K Precision Corporation

• Fluke Corporation

• Teledyne Technologies Incorporated

• ANRITSU CORPORATION

• Signal Hound

• Focus Microwaves Inc.

• Agilent Technologies, Inc.

• Pico Technology Ltd.

• Keysight Technologies