Low Noise Amplifiers Market Size

Low Noise Amplifiers Market size was over USD 2.31 Billion in 2023 and is poised to exceed USD 14.86 Billion by the end of 2036, witnessing over 15.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of low noise amplifiers is evaluated at USD 2.63 Billion. The growth of the market can primarily be attributed to the increasing penetration of smartphones worldwide along with the rising need for signal amplifier devices. For instance, globally 268 million smartphone users were added to the total number of smartphone users between 2021 and 2022.

With the recent advancements in the global space business as well as the growing commercial satellite industry, the demand for LNAs is on the rise amongst the satellite communication service providers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global low noise amplifiers (LNAs) market during the forecast period.