The Low Noise Amplifier (LNA) Market is expected to be worth USD 3.00 billion by 2023, at a CAGR of 13.8% between 2017 and 2023. The rapid development of space programs worldwide, evolution of 5G technology, and commercialization of IoT provide the key opportunities for the market. Some of the key factors driving the growth of this market are the huge demand from the smartphone market, adoption of E Band to meet growing bandwidth demand, and increasing usage of long-term evolution (LTE) technology.

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). The key innovators in the market are Custom MMIC (US), MACOM Technology Solutions Holdings, Inc. (US), SAGE Millimeter, Inc. (US), WanTcom Inc. (US), and DBWave Technologies Co., Ltd. (China). Most of the leading companies have followed the organic strategy of product launches to boost the revenue of the company.

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Top 2 players in the Low Noise Amplifier (LNA) market: NXP Semiconductors N.V. (Netherlands) is one of the leading players in the LNA market. The company focuses on developing products and solutions that are innovative and help their customers to reduce the time to market of their end product. LNA portfolio of the company includes solutions to meet the design-specific needs of a wide range of verticals such as telecom, consumer electronics, automotive, and industrial. NXP provides III–V technology LNAs for the wireless infrastructure applications and many general wireless applications; whereas, it utilizes advanced silicon germanium technology LNAs designed for wireless communication, cellular, consumer, automotive, and industrial applications. The company implements the organic growth strategies such as product launches to grow in the LNA market. For instance, in January 2017, NXP Semiconductors launched new wireless local area network (WLAN) LNAs with integrated switch that makes connections faster and more reliable for smartphones, tablets, wearables, and small Internet of Things (IoT) devices.

Analog Devices, Inc. (US) provides a broad product portfolio of low noise operational amplifiers, which includes the amplifiers with the lowest noise performances in the industry. The company provides a variety of high-performance LNAs with wide supply ranges and low power consumption. The widespread customers of the company present various growth opportunities to the company in the verticals such as telecom, consumer electronics, automotive, and industrial. The company adopts a mix of organic and inorganic growth strategies such as product launches, and mergers and acquisitions to grow in the LNA market. For instance, it acquired Linear Technology Corp. (US) in March 2017. With this, the company added the most comprehensive suite of high-performance analog offerings of the industry; and integrated engineering, manufacturing, sales, and support operations in its offering that would accelerate innovation and revenue growth opportunities for the company.