Global Magnetron Market 2016-2020

Overview of the global magnetron market

Technavio’s market research analyst predicts the global magnetron market to grow at a CAGR of around 5% during the forecast period. The rapidly growing market for smart home appliance and communication applications will predominantly drive the growth prospects for the magnetron market. The rising demand for built-in and premium microwave oven ranges accelerate the requirement for efficient magnetrons. Moreover, with the inclination towards modular kitchens and home decoration gaining traction, the demand for appliances like built-in microwave ovens has increased considerably, which will further augment the growth of the magnetron market. Vendors are also incorporating several advanced features in microwave ovens such as auto cook, auto reheat, and child lock to create a constant demand for magnetrons.

Technological advancements in the market have led to the introduction of more efficient magnetrons and have also encouraged upgrade purchases or replacement purchases. For instance, KitchenAid has launched its convection microwave model, which has Crispwave Technology and a crisper pan to enable frying, grilling, and convection cooking. LG’s LCS0712ST model uses Easy Clean technology for interiors, which allows quick cleaning without the use of any cleaning agent. Such improvements in microwave ovens are through the collaborative upgradation of the IT infrastructure and magnetron manufacturing techniques. Several companies like Samsung, LG, and Toshiba are also focusing on improving the magnetron power rating in terms of lifespan, wattage, and less consumption of input power.

Competitive landscape and key vendors

The presence of key players like Bosch, Samsung, LG, Whirlpool, Amana, Frigidaire, and e2v makes the global magnetron market extremely competitive. Growing investments in R&D and the establishment of new manufacturing facilities for home appliances facilitate the growth of the magnetron market. The vendors of magnetrons enjoy economies of scale owing to the several applications of the magnetron in communication applications and home appliances. However, the growing M&A strategies among vendors will affect the market dynamics in the coming years.

Leading vendors in the market are -

• e2v
• Samsung
• LG

Other prominent vendors in the magnetron market include Bosch, Breville Group, Dongbu Daewoo Electronics, Frigidaire, FURUNO, Galanz, Haier, New Japan Radio (NJR), Midea, Panasonic, Richardson Electronics, Sharp, Toshiba, TurboChef, and Whirlpool.

Segmentation by end-user application and analysis of the magnetron market

• Communication application
• Home appliance

In terms of end-user applications, magnetrons find increased adoption in the home appliances end-user application segment. Magnetrons find extensive usage in different types of microwave ovens such as convection and grill microwave ovens. With the growing preference for smart homes, the demand for connectivity-enabled smart appliances such as smart ovens have gained momentum, which will be a crucial factor for driving the growth of the magnetron market.

Geographical segmentation and analysis of the magnetron market

• Americas
• APAC
• EMEA

The Americas accounts for the largest market share in the global market and will continue to maintain its market position during the forecast period. North America had the highest contribution in terms of the demand for magnetrons in 2015 as the region was characterized by the presence of several key manufacturers of radar systems including Lockheed Martin, Northup Grumman, Rockwell Collins, Honeywell, and General Dynamics. The rising penetration of smart appliances in countries like the US and Canada will spur the demand for magnetrons in the region.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global magnetron market?
• What are the key market trends impacting the growth of the global magnetron market?
• What are the challenges to market growth?
• Who are the key vendors in the global magnetron market?
• What are the market opportunities and threats faced by the vendors in the global magnetron market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global magnetron market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Commercial Oven Market 2017-2021
• Global Smart Oven Market 2016-2020
• Global Built-in Microwave Oven Market 2016-2020
• Global Smart Microwave Oven Market 2015-2019