The fast growth witnessed by global telecommunications and electronic industry is one of the key drivers in the development of the vector signal generator market. Vector signal generators are devices that generate digitally modulated radio signals. The market is expected to witness promising growth opportunities during the forecast period owing to cutting-edge inventions and technological advancements in the telecommunications sector.
High cost of the vector signal generators is limiting its use for telecommunications and other applications. However, emerging wireless standards and the invention of 5G telecommunication is anticipated to fuel the growth in the global vector signal generator market. Innovation and acceptance of new digital transmission signal formats such as CDMA or OFDM is anticipated to bolster the growth of the global market in the forecast period.
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Growing penetration of digital telecommunications devices such as laptops, smart phones, and tablets, along with innovation of new age disruptive technologies is expected to create significant growth opportunities in the global vector signal generator market.
Players in vector signal generator market focusing on M&A activities to stay competitive
The global vector signal generator market witnesses a fragmented competitive landscape. Key players in the market are seen focusing on mergers & acquisitions and product innovations to stay ahead of their competitors. Some of the key players in the vector signal generator market are Simple Devices Inc., Berkley Nucleonics Corp., National Instruments Corp., Anritsu Corp., and Rohde & Schwarz GmBH & Co.
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Currently, the global vector signal generator market is being dominated by North America. Implementation of advanced technologies and inventions in the telecommunications devices are key drivers that could potentially drive the growth of the market in the region. After North America, Asia Pacific region is expected to witness significant growth opportunities owing to the increasing demands from countries like India and China.