Global Low Noise Amplifier Market to Grow at Over 11% CAGR through 2026, Asia Pacific to be the Largest Market

The low noise amplifier market continues to be highly fragmented, in spite of growing penetration of IoT and 5G technology, according to a new study added to Market Research Reports Search Engine (MRRSE). The report titled “Low Noise Amplifier Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026” projects the global low noise amplifier market to grow at over 11% CAGR through 2026.

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The research study presents a detailed analysis of how demand for low noise amplifiers will be impacted during the assessment period. According to the report, increase in smartphone ownership is one of the key factors driving the adoption of low noise amplifiers around the globe. Smartphone sales have witnessed an uptick, especially in developing countries, where a flurry of low-cost smartphones have permeated low-income groups. This, in turn has fuelled demand for low noise amplifiers in the consumer electronics industry.

The report also projects that demand for low noise amplifiers will grow on account of rising defense budgets around the globe. In view of the current geopolitical situation, governments around the world are focusing on improving their security apparatus, which in turn is likely to provide an impetus to demand for low noise amplifiers.

Although the report has a positive outlook on the low noise amplifiers market, the high level of fragmentation in the market is likely to provide an impetus to growth during the assessment period. The low noise amplifiers marketplace is not dominated by few companies, and the landscape continues to be hyper-competitive.

According to the report, demand for low noise amplifiers that are lesser than 6 GHz in frequency is likely to witness high demand during the assessment period. The key factor for increasing demand for low noise amplifiers in less than 6 GHz frequency is the increase in number of devices that use these low noise amplifiers.

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Manufacturers use silicon, gallium arsenide, and silicon germanium to produce low noise amplifiers, and according to the report, production of silicon low noise amplifiers is the highest. Silicon is abundantly available and low noise amplifiers made from silicon are cost-effective.

According to the report, Asia Pacific is likely to remain a lucrative market for low noise amplifiers globally. Many countries in Asia Pacific have emerged as manufacturing hubs, and in addition to production, demand for low noise amplifiers is also robust in the region owing to the growing consumer electronics industry.

The research study also profiles some of the leading players in the market. According to the report, some of the key players in the market include Skyworks Solutions, Inc., Analog Devices, Inc., L3 Narda-MITEQ, Texas Instruments, Panasonic Corporation, NXP Semiconductors N.V., Infineon Technologies, ON Semiconductor, Qorvo, Inc., Qotana Technologies Co., Ltd, Teledyne Microwave Solutions, and Microsemi Corporation.

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This release was published on openPR.