The global industrial magnetron market size reached USD 439.8 Million in 2020 and is expected to register a revenue CAGR of 8.5% during the forecast period, according to latest analysis by Emergen Research. Increasing application in radar systems to produce high-power microwave signals and rising demand for microwave heating systems for commercial and industrial uses are factors expected to support market revenue growth between 2021 and 2030.
In addition, increasing defense spending will boost revenue growth of the market. Industrial magnetrons are used in different types of radar systems such as detection/search radars, targeting radars, instrumentation radars, weather-sensing radars, and navigational radars. Detection and tracking of enemy locations are major challenges for military units, and better navigation and tracking system is needed to resolve this challenge.
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Different military forces use radar systems in order to track and detect Moving Target Indications (MTIs), weapon locations, vehicle searches, missile controls, ground surveillance, and fire control, among others. In addition, industrial magnetrons used in radar systems make the device highly efficient for generating high power electromagnetic waves that feed the power stage of the radar transmitter, helping in accurate detection of enemy location.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Industrial Magnetron Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Key participants include Panasonic Corporation, LG Electronics, Inc., L3 Harris Technologies, Inc., Hitachi Power Solutions Co., Ltd., Guoguang Electric Co. Ltd., Richardson Electronics Ltd., Toshiba Hokuto Electronics Corporation, MUEGGE GmbH, Fricke und Mallah Microwave Technology GmbH, and Western Electric Co., Inc.
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Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Industrial Magnetron market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
Emergen Research has segmented the global industrial magnetron market on the basis of product type, cooling type, operating frequency, application, and region:
Product Type Outlook (Revenue, USD Million; 2018–2030)
Cooling Type Outlook (Revenue, USD Million; 2018–2030)
Operating Frequency Outlook (Revenue, USD Million; 2018–2030)
Ku & Ka Band
Application Outlook (Revenue, USD Million; 2018–2030)
Industrial Heating Equipment
The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Industrial Magnetron Market:
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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