Global MOCVD Market by Product Type (III-V semiconductors, II-VI semiconductors & Other Products), By Application (Optoelectronics & Power electronics) and by Region – Global Forecast to 2028

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), By Application (Optoelectronics & Power electronics) and by 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 global MOCVD market is projected to be US$ 840.1 Mn in 2020 to reach US$ 1,638.2 Mn by 2028 at a CAGR of 8.5%.

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MOCVD stands for metal-organic chemical vapor deposition and is used to form thin films on semiconductor wafers. MOCVD can also be called a 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). To control the growth of these deposits, the process is carried out in a controlled environment. The properties of the crystals deposited on the wafer can be controlled by the gas mixed with the wafer. The MOCVD process can easily control the layer’s thickness, and therefore becomes more and more important in the manufacture of electronic components such as diodes.

Global MOCVD Market Revenue (US$ Mn), 2020–2028

Currently, the most important commercial field for GaN-based structures grown by MOCVD is LEDs, and other industrial semiconductor demands result in potential market growth in the coming years. As the demand for the power electronics industry continues to grow, MOCVD is used to manufacture electronic equipment such as LEDs, lasers, etc. Also, several advantages of the precise MOCVD process for depositing thin layers on semiconductor wafers, this technology is widely used for production-level manufacturing.

THE global MOCVD market is segmented based on product type, application, and region. Based on product type, the market is segmented into III-V semiconductors, II-VI semiconductors, & other products. The III-V semiconductors segment accounts for the majority share and is expected to witness a significant share in terms of revenue over the forecast period. Based on application, the market is segmented into optoelectronics & power electronics. The optoelectronics segment accounts for significant revenue share, whereas the power electronics segment is projected to register substantial CAGR in the coming years.

Global MOCVD Market Attractiveness Analysis by Form, 2020–2028

By region, the market is segmented into North America, Europe, Asia-Pacific, South America, MEA. Based on region, Asia-Pacific is estimated to account for major revenue share and is projected to dominate the global MOCVD market, owing to increased MOCVD demand in the manufacturing of lasers and photodiodes light-emitting diodes, solar cells, transistors, etc.

Segmentation of the Global MOCVD Market:

Segmentation by Product:

• III-V semiconductors
• II-VI semiconductors & Other Products

Segmentation by Application:

• Optoelectronics
• Power electronics

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA