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Global Magnetron Market to Witness the Dominance of the Home Appliance Application Segment with 72% Share in 2020: TechnavioThe global magnetron market is expected to grow at a CAGR of 5.35% during the forecast period, according to Technavio's latest report. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161215005058/en/ 
Technavio publishes a new market research report on the global magnetron market from 2016-2020. (Photo: Business Wire) In this report, Technavio covers the market outlook and growth prospects of the global magnetron market for 2016-2020. To calculate the market size, Technavio considers the number of unit shipments of magnetron for the following end-user application segments:
In terms of end-user segment, the global magnetron market has been categorized into the following: communication application and home appliances. The home appliance application segment had the largest share in 2015 and will continue to dominate the market in terms of sales, with a market share of approximately 72% in 2020. Technavio's research study segments the global magnetron market into the following regions:
Americas: largest market for magnetron In 2015, the magnetron market in the Americas was valued at USD 7.18 billion and will reach at USD 9.62 billion by 2020, growing at a CAGR of 6.03% during the forecast period. In 2015, North America had the highest contribution in terms of the demand for magnetrons, as the region has the presence of leading manufacturers of radar systems such as Lockheed Martin (News - Alert), Northup Grumman, Rockwell Collins, Honeywell, and General Dynamics. In the words of Navin Rajendra, an industry expert at Technavio for research on semiconductor equipment, "The Americas is the leading market for both home appliance, as well as the communication application segment where magnetrons are an essential part of the end products, i.e., microwave ovens and radars." Request a sample report: http://www.technavio.com/request-a-sample?report=54917 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Magnetron market in EMEA to grow at 6.35% CAGR In 2015, the magnetron market in EMEA was valued at USD 5.69 billion and will reach at USD 7.74 billion by 2020, growing at a CAGR of 6.35% during the forecast period. In EMEA, the major demand for magnetrons is from microwave oven home appliance application sector. In Northern Europe, Germany, Finland, and the UK were the leading countries driving the demand in the region. Eastern European countries, which are the emerging market for magnetrons, will have a significant demand for magnetrons. Improving living standards, increase in the urbanization with the growth in the smart home market, and the availability of technologically advanced systems are the primary factors driving the growth in the region. APAC: China, Taiwan, Japan, and South Korea are the leading countries driving the sales for magnetrons In 2015, the magnetron market in APAC was valued at USD 3.51 billion and will reach USD 3.91 billion by 2020, growing at a CAGR of 2.18% during the forecast period. China, Taiwan, Japan, and South Korea are the leading countries in the region driving the sales for magnetrons. This is due to the presence of leading magnetron vendors like LG, Toshiba, Samsung (News - Alert), Hitachi, and Midea in these countries. The major part of the revenues for magnetrons in APAC came from the home appliance application segment, followed by the defense and military application segment. The major countries that will drive the growth in the region include China, India, South Korea, Australia, New Zealand, Vietnam, and the Philippines. "New product launches, increased marketing efforts, and expansion in distribution networks are trends in the smart appliance market in APAC that are sustaining the interest of consumers in microwave ovens," concludes Navin. The top vendors in the global magnetron market highlighted in the report are:
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