Low Noise Amplifier (LNA) Market Worth 3.00 Billion USD by 2023

PUNE, India, July 24, 2017 /PRNewswire/ --

According to the new market research report "Low Noise Amplifier (LNA) Market by Frequency (<6 GHz, 6-60 GHz, and >60 GHz), Material (Silicon, Silicon Germanium, Gallium Arsenide), Vertical (Consumer, Telecom, Military, Industrial, Automotive and Medical), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the 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.

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Browse 71 Market Data Tables and 45 Figures spread through 142 Pages and in-depth TOC on "Low Noise Amplifier (LNA) Market"

http://www.marketsandmarkets.com/Market-Reports/low-noise-amplifier-lna-market-106798279.html

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The major factors driving the growth of this market include the huge demand from the smartphone market, growing bandwidth demand, and increasing usage of long-term evolution (LTE) technology.

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.