Waveform generators are electronic devices that produce specific electrical waveforms, such as sine, square, triangular, and sawtooth waves, used in various applications like testing and simulating signals. They are essential tools in circuit design and testing, as they can provide reference signals for measuring the performance of electronic circuits. Waveform generators are integral to both analog-to-digital conversion and digital-to-analog conversion processes, allowing for the creation of accurate waveforms that represent real-world signals.