Signal Generator Market

The global signal generator market is anticipated to grow slightly over the next eight years, with Japan leading in consumption and production. The market value is projected to reach $36.2B by 2030. Imports and exports are on the rise, indicating a positive trend in the industry.

Market Forecast

Driven by rising demand for signal generator worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 140M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market value to $36.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Signal Generators

In 2022, global signal generator consumption dropped rapidly to 134M units, waning by -47.2% against 2021. Overall, consumption continues to indicate a abrupt slump. Over the period under review, global consumption attained the peak volume at 1.2B units in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

The global signal generator market value declined notably to $29.6B in 2022, with a decrease of -31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a abrupt descent. Global consumption peaked at $123.1B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

Japan (65M units) constituted the country with the largest volume of signal generator consumption, accounting for 49% of total volume. Moreover, signal generator consumption in Japan exceeded the figures recorded by the second-largest consumer, Hong Kong SAR (29M units), twofold. The UK (15M units) ranked third in terms of total consumption with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Japan totaled -24.3%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+36.7% per year) and the UK (+2.2% per year).

In value terms, Japan ($5.9B) led the market, alone. The second position in the ranking was held by Hong Kong SAR ($2.2B). It was followed by the UK.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to -24.2%. The remaining consuming countries recorded the following average annual rates of market growth: Hong Kong SAR (+38.3% per year) and the UK (-3.8% per year).

In 2022, the highest levels of signal generator per capita consumption was registered in Hong Kong SAR (3,807 units per 1000 persons), followed by Japan (522 units per 1000 persons), the UK (214 units per 1000 persons) and Germany (131 units per 1000 persons), while the world average per capita consumption of signal generator was estimated at 17 units per 1000 persons.

In Hong Kong SAR, signal generator per capita consumption expanded at an average annual rate of +35.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Japan (-24.0% per year) and the UK (+1.6% per year).

Production

World Production of Signal Generators

In 2022, approx. 1.2B units of signal generators were produced worldwide; approximately reflecting the year before. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 0.4%. Global production peaked at 1.2B units in 2015; afterwards, it flattened through to 2022.

In value terms, signal generator production shrank modestly to $110.4B in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 4.7% against the previous year. As a result, production reached the peak level of $116.3B. From 2015 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

Japan (1.1B units) remains the largest signal generator producing country worldwide, comprising approx. 94% of total volume. It was followed by Hong Kong SAR (28M units), with a 2.3% share of total production.

In Japan, signal generator production remained relatively stable over the period from 2012-2022.

Imports

World Imports of Signal Generators

In 2022, supplies from abroad of signal generators increased by 15% to 15M units, rising for the second year in a row after two years of decline. Over the period under review, imports recorded moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of 51%. As a result, imports reached the peak of 24M units. From 2016 to 2022, the growth of global imports failed to regain momentum.

In value terms, signal generator imports dropped slightly to $1.5B in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 30% against the previous year. Over the period under review, global imports reached the peak figure at $1.6B in 2021, and then contracted slightly in the following year.

Imports By Country

In 2022, Brazil (6.3M units) was the key importer of signal generators, committing 41% of total imports. Mexico (1.6M units) ranks second in terms of the total imports with a 10% share, followed by Hong Kong SAR (7.1%), the United States (6.2%), Thailand (5.4%) and France (5.1%). Italy (604K units), India (595K units), Germany (548K units), Singapore (259K units), the Netherlands (252K units) and Japan (250K units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to signal generator imports into Brazil stood at -2.8%. At the same time, Thailand (+98.9%), Mexico (+77.8%), the Netherlands (+75.4%), Hong Kong SAR (+73.8%), France (+68.7%), Italy (+64.6%), Germany (+56.4%), India (+33.8%), Singapore (+25.2%) and the United States (+2.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +98.9% from 2012-2022. By contrast, Japan (-13.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Hong Kong SAR, Thailand, France, Italy, India, Germany and the Netherlands increased by +10, +7.1, +5.4, +5.1, +3.9, +3.6, +3.5 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($104M), Japan ($89M) and Germany ($72M) constituted the countries with the highest levels of imports in 2022, with a combined 17% share of global imports. France, the Netherlands, Singapore, India, Brazil, Hong Kong SAR, Italy, Mexico and Thailand lagged somewhat behind, together accounting for a further 21%.

In terms of the main importing countries, the Netherlands, with a CAGR of +22.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average signal generator import price amounted to $98 per unit, waning by -15.5% against the previous year. In general, the import price, however, posted modest growth. The growth pace was the most rapid in 2016 when the average import price increased by 78% against the previous year. Global import price peaked at $126 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($354 per unit), while Thailand ($5.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Signal Generators

In 2022, overseas shipments of signal generators increased by 12% to 1.1B units, rising for the third year in a row after four years of decline. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 21,759% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, signal generator exports fell to $2.1B in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, the global exports attained the maximum at $2.2B in 2021, and then contracted in the following year.

Exports By Country

The shipments of the one major exporters of signal generators, namely Japan, represented more than two-thirds of total export.

Japan was also the fastest-growing in terms of the signal generators exports, with a CAGR of +24.2% from 2012 to 2022. Japan (+19 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($561M) also remains the largest signal generator supplier worldwide.

In Japan, signal generator exports increased at an average annual rate of +11.1% over the period from 2012-2022.

Export Prices By Country

In 2022, the average signal generator export price amounted to $1.9 per unit, dropping by -17.7% against the previous year. In general, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 4,600% against the previous year. Over the period under review, the average export prices reached the maximum at $353 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -10.6% per year.

Source: IndexBox Market Intelligence Platform