Low Noise Amplifier (LNA) Market worth 3.00 Billion USD by 2023 with a growing CAGR of 13.8%
Low Noise Amplifier (LNA) Market by Frequency Material (Silicon, Silicon Germanium, Gallium Arsenide), Vertical (Consumer, Telecom, Military, Industrial, Automotive and Medical), and Geography
Consumer electronics expected to hold largest share of LNA market based on vertical during forecast period
The consumer electronics vertical is expected to hold the largest share between 2017 and 2023. The growth is attributed to the growing adoption of consumer electronics devices such as wearable devices; smartphones, tablets, and laptops; portable navigation devices; portable media players; digital cameras; and gaming consoles; as well as increasing number of e-readers.
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LNA market for silicon germanium to grow at highest CAGR during forecast period
The LNA market for the silicon germanium material is expected to grow at the highest CAGR between 2017 and 2023. LNAs based on silicon germanium deliver better performance in the low-power, high-frequency applications than those based on other materials such as silicon and gallium arsenide. Silicon germanium LNAs provide better linear performance and enhanced power efficiency. Better efficiency and a lower cost of silicon manufacturing have made silicon germanium more popular in recent years.
APAC to hold largest share of LNA market during forecast period
Asia Pacific (APAC) held the largest share of the market in 2016 and is expected to dominate the LNA market with the largest share between 2017 and 2023. The growth in the region is attributed to significantly high rate of adoption of smartphones;
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The major players of the LNA market are NXP Semiconductors N.V. (Netherlands)