Low Noise Amplifier (LNA) Market for silicon germanium to grow at highest CAGR during forecast period

The Low Noise Amplifier (LNA) Market is expected to grow from USD 1.17 Billion in 2016 to USD 3.00 Billion by 2023, at a CAGR of 13.8% between 2017 and 2023. The drivers for this market are the huge demand from the smartphone market, increasing defense expenditure globally, adoption of E Band to meet growing bandwidth demand, and increasing usage of the long-term evolution (LTE) technology.

The objectives of the report are as follows:

• To define, describe, and forecast the global low noise amplifier (LNA) market, in terms value, on the basis of frequency, material, vertical, and geography
• To define, describe, and forecast the LNA market based on frequency, vertical, and geography, in terms of volume
• To forecast the market size, in terms of value, for the vertical segment with regard to four main regions, namely, Americas, Europe, APAC, and RoW
• To strategically analyze the micromarkets with regard to the individual growth trends, prospects, and contribution to the LNA market
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the LNA market

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The LNA market for silicon held the largest share in 2016. Silicon devices are typically much cheaper to manufacture. The dielectric constant of silicon devices is high and undergoes minimal changes with a change in temperature. The silicon-based LNAs are used mainly in DC to 6 GHz frequency spectrum, which accounts for the largest share of the overall LNA market based on frequency. The LNA market for silicon germanium is expected to grow at the highest CAGR during the forecast period. The devices based on silicon germanium exceed the performance in low-power, high-frequency applications compared with other materials such as silicon and gallium arsenide.

The LNA market is highly fragmented, which reduces the price margin for the LNA manufacturers. The LNA market has a presence of a number of small- to medium-sized firms. The lower price margin for the LNAs acts a restraint for the growth of this market. Moreover, the increasing competition and cost-driven consumer market have led to price wars, ultimately leading to a reduction in the prices of LNAs.

The major players of the LNA market are NXP Semiconductors N.V. (Netherlands), Analog Devices, Inc. (US), Infineon Technologies AG (Germany), L3 Narda-MITEQ (US), Qorvo, Inc. (US), Skyworks Solutions, Inc. (US), ON Semiconductor Corp. (US), Panasonic Corp. (Japan), Texas Instruments, Inc. (US), and Teledyne Microwave Solutions (US). Most of the leading companies have followed the organic strategy of product launches to boost the revenue of the company.

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