Low Noise Amplifier Market Size is expected to expand at a substantial growth rate from 2022 to 2028, driven by the growing application in radio communications systems, electronic test equipment, and medical instruments. A low noise amplifier boosts the received signal to an upgraded level to make it suitable for additional processing. It is used in communication receivers like wireless LAN, GPS receivers, satellite communications, and cellular phones. Proliferating telecommunication industry and the development of space and satellite programs may push the industry growth in the years ahead.
Moreover, the growing adoption of IoT and LTE technology, driven by the increasing requirement of high bandwidth and the transitioning between 3G, 4G, and 5G communication, are likely to foster the demand for low noise amplifiers over the forecast timeframe.
Silicon germanium noise amplifier may experience considerable progression in the coming years. These devices can improve the dynamic range, sensitivity, and power consumption of a receiver and provide high linearity and low supply current, and a comparatively lower noise figure for frequencies exceeding 1.0GHz. Moreover, their cost-effective benefits and improved operational efficiency may boost the low noise amplifier industry expansion in the future.
Wireless communication is likely to gain major traction in the low noise amplifier market, owing to the rapid upsurge in the number of smartphone users across the globe. As per the report by the central statistics office, about 95 percent of internet users use a smartphone to surf the net. Wireless connections can transmit data faster and are cheaper to install and maintain. Also, their easy accessibility makes them ideal for working and medical professionals to seek help in emergencies.
The automotive industry is speculated to witness substantial expansion over the projected timeframe, owing to the growing application of GPS trackers for real-time navigation in automotive vehicles. These devices offer features like vehicle maintenance reminders, driver behavior analysis, journey history, fuel dispatching, and management facility and send alerts to prevent theft.
Europe and APAC may administer decent growth in the low noise amplifier market.
Proliferating automobile industry and emerging R&D investment and activities are likely to push the demand for low noise amplifiers in Europe. According to a report by the European Commission, the EU is among the biggest motor vehicles producers in the world, and the sector is the largest private investor in R&D.
Emerging smartphone users coupled with the transitioning of 3G, 4G, and 5G technology may push the industry forecast in the APAC region. Increasing expenditure in the defense and automobile industry and an upsurge in disposable personal income in addition to growing internet exposure leading to a rapid rise in online trading, shopping, and binge-watch activities are likely to augment the industry outlook in Asia Pacific region.
Some of the distinguished players of the low noise amplifier market are NXP Semiconductors, Analog Devices, Inc., Panasonic Corp., MITEQ, Qorvo, Inc., Skyworks Solutions, Inc, and L3 Narda-ON Semiconductors Corp. These players are working on new technologies and implementing strategies like collaborations, mergers, and acquisitions, partnerships to drive industry growth and safeguard their market position.
Like many other major industries, COVID-19 intensely hit the low noise amplifier market last year. Lockdown restrictions and shutting down of manufacturing units across the world caused major disruptions in production and supply chain management of eminent enterprises. Moreover, increasing unemployment and declining socioeconomic conditions acutely reduced the buying capacity of people.
However, with the end of lockdowns and other stringent COVID restrictions, the industry is expected to recover its pre-pandemic pace in the forthcoming years.