MarketResearch.biz announces publication of its most recently generated research report titled, “Global MOCVD Market by Product Type (III-V semiconductors, II-VI semiconductors & Other Products), Application (Optoelectronics & Power electronics), and Region – Global Forecast to 2028.“, which offers a holistic view of the global MOCVD market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2028) is projected to be over US$ 5.0 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
MOCVD stands for metal-organic chemical vapor deposition, which is used to form thin films on semiconductor wafers. MOCVD is also known as the metal-organic vapor phase epitaxy (MOVPE) because the epitaxy refers to the deposition of a thin layer of atoms on a substrate. Also known as metal-organic chemical vapor deposition (OMCVD).
Global MOCVD Market: Market Dynamics
As the demand for the power electronics industry continues to grow, as MOCVD is used to manufacture electronic equipment (such as LEDs, lasers, etc.), it is expected to contribute to market growth. MOCVD is widely used in power electronics, advanced optoelectronics, and other industries. MOCVD is used to manufacture lasers, photodiodes, light-emitting diodes, solar cells, transistors, etc. With the steady growth in demand for these, it is expected to contribute to the MOCVD market’s growth. As the MOCVD process is in the development stage, many research institutions and manufacturers are conducting research. This increases the demand for MOCVD equipment
MOCVD is sensitive to moisture, air, and any such pollutants. In addition, the gas injected into the MOCVD reactor must be very pure. These factors may hinder the market growth of metal-organic chemical vapor deposition.
Considering the precise MOCVD process for depositing thin layers on semiconductor wafers, this technology is widely used for production-level manufacturing and is expected to create opportunities for potential market growth.
Global MOCVD Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global MOCVD market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global MOCVD market is estimated to expand at a moderate CAGR of 8.5% during the forecast period.
Global MOCVD Market: Segmental Snapshot
The market report has been segmented based on product type, application, and region. The product type segment includes III-V semiconductors, II-VI semiconductors & other products. The application segment includes optoelectronics & power electronics. The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By product type: The III-V semiconductors segment is expected to register a CAGR of over 9.5%, thereby accounting for the highest revenue share among the type segments.
By application: The optoelectronics segment is expected to register a CAGR of over 9.2% over the forecast period, thereby accounting for the highest revenue share among the application segments.
By region: The Asia-Pacific market accounted for the highest revenue share in the global MOCVD market in 2020 and is estimated to register a CAGR of over 9.7% between 2020 and 2028.
Global MOCVD Market: Competitive Analysis
The research report on the global MOCVD market includes profiles of major companies such as AIXTRON SE, Taiyo Nippon Sanso Corporation, Veeco Instruments Inc, CVD Equipment Corporation, Alliance MOCVD, HC SemiTek, Schunk GmbH (Xycarb Ceramics B.V.), JUSUNG ENGINEERING Co. Ltd, SAMCO, Inc.
The Global MOCVD Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global MOCVD Market for 2021–2028.
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