The global MOCVD (Metal-Organic Chemical Vapor Deposition) market revenue is estimated to gain a substantial hike of about USD 1.7 billion with an estimated CAGR of 10.7% during the estimated timeline, 2021-2028. Customer inclination to save money on their power consumption patterns has increased the adoption of solar cells. Solar energy is generated by these cells. This paradigm shift towards relying on renewable energy sources among many individuals throughout worldwide has sporadically ened market demand. Another factor boosting the worldwide MOCVD (Metal-Organic Chemical Vapor Deposition) market is the growing use of LED lighting, semiconductors, complex packaging, and other technologies.
However, the volatile nature of the semiconductor sector is expected to stymie the market growth of metal-organic chemical vapor decomposition over the projection period. In many situations, semiconductor output surpasses demand, resulting in enormous amounts of unsold stock. This could most likely lead to negative growth returns in the global MOCVD equipment demand in the coming years.
Advances in micro-LED manufacturing are likely to rave up new growth opportunities in the global MOCVD market. New capital ventures are likely to further fortify the growth sequence. In this regard, Aixtron SE has affirmed its latest breakthrough in offering LED equipped with MOCVD to a renowned LED manufacturer based in the US. The development is likely to further materialize growth opportunities in the global MOCVD market in the coming days.
Manufacturers frequently employ MOCVD to create highly efficient triple-junction or photovoltaic solar cells. This increases the efficiency with which solar cells convert sunlight into electricity thereby spearheading the demands for the global Metal-Organic Chemical Vapor Deposition (MOCVD) market across multiple end-use domains. Furthermore, the cyclic demand for MOCVD equipment leads to erratic income inflows for MOCVD producers. This is also likely to decrease the number of manufacturers who enter the market.
MOCVD (Metal-Organic Chemical Vapor Deposition) is a technique for developing ultra thin atom layers onto a wafer of a semiconductor material. Wafers are tiny disks composed mostly of sapphire or silicon. It is a method of creating complicated semiconductor multilayer structures by developing crystalline layers. This is the most common MOCVD manufacturing process for III-V compound semiconductors, notably those based on GaN. (Gallium Nitride).
MOCVD is a technique for fabricating complex multilayer semiconductor structures used in electrical or optoelectronic components such as high-speed transistors, lasers, or solar cells. These semiconductors are helpful to produce multiple LED lights in the hues of blue, green, and red. These are known as III-V semiconductors because they are composed of elements from periodic table groups III and V that may interact to create crystalline compounds.
The major players of the global MOCVD market are Aixtron, Veeco Instruments, Taiyo Nippon Sanso Corp., and Agnitron Technology Inc. among others. This market research report examines significant competitors in depth via strategic analysis, micro and macro market trend and scenario analysis, price analysis, and a comprehensive evaluation of market conditions for the projected period. It is an in-depth study that emphasizes on growth rendering drivers, leading segment potential, market size and share, as well as in-depth regional overview. The research also looks at key players, mergers and acquisitions, large alliances, as well as trending innovation and corporate strategies.
Mocvd Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1.7 billion|
|Growth Rate||CAGR of 10.7% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Aixtron, Veeco Instruments, Taiyo Nippon Sanso Corp., and Agnitron Technology Inc. among others.|
Key Segments of the Global MOCVD Market
Type Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
- LED Lighting
- Advanced Packaging
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and Africa
Reasons for the study
- The most recent advancements in the MOCVD business, as well as information on industry leaders, including market share and strategy.
- Saves time on entry-level research because the report includes critical information on the industry's size, key players, development, and segments.
- A number of major companies, new ideas, and techniques have emerged in the competitive landscape.
What does the report include?
- The research examines development possibilities and drivers in both developing and developed areas, as well as barriers and limits.
- The report includes information on new encounters as well as information on the most recent affiliations, vendors, purchasers, and merchants in the target sector.
- Geographic analysis focusing on product/service consumption in the region as well as identifying the elements impacting the market within each region.
- Market segmentation analysis, both qualitative and quantitative, integrating both economic and non-economic aspects.
Who should buy this report?
- Public agency, policymaker, regulatory body, or corporations interested in investing in global MOCVD market industry trends.
- Managers from the MOCVD market who wish to discuss current and future global market data.
- Market data is sought by strategy managers, government organizations, and researchers to guide future operations.
Consumers are increasingly urged to install and utilize solar cells as part of an ongoing push to reduce power costs. Such cells are utilized to generate solar energy. Likewise, solar energy is a renewable energy source. The energy obtained by photovoltaic cells, therefore, has a low cost as well as a high efficiency. This reason motivates semiconductor makers to enter the solar business. Metal-organic chemical vapor decomposition equipment is rapidly being used by semiconductor manufacturers in the photovoltaic cell sector to create extremely efficient photovoltaic cells or triple-junction solar cells. This maximizes the efficiency of photovoltaic cells in converting sunlight into energy. As a result, demand for metal-organic chemical vapor decomposition equipment for the research and production of solar cells will increase.
One of the key trends predicted to gain momentum in the market is an increase in the use of metal-organic chemical vapor decomposition equipment in the Asia Pacific. Furthermore, the local government is providing a growing number of subsidies to the metal-organic chemical vapor decomposition equipment business. As a result, it is encouraging the use of technology in nations such as China. Furthermore, the rising need for different accessories such as displays based on light-emitting diode (LED) technology is expected to boost demand for the equipment from the APAC area.
Because of its wider bandgap, larger electric field, greater thermal conductivity, and high breakdown voltage, GaN (gallium nitride) MOCVD is projected to give additional chances for MOCVD equipment in the next years.
In terms of application, the semiconductor and electronics segment will drive the global MOCVD equipment market in the approaching years. During the projected period, this sector is also expected to have the fastest expanding market. MOCVD equipment for semiconductor and electronic products processing is in great demand due to the rising use of sophisticated technology in the manufacturing of electronic gadgets such as DVD players, cellphones, video games, portable media players, PDAs, home-theater systems, microwaves, printers.
Geographically, the Asia Pacific region had the highest market share of the MOCVD equipment market across all regions earlier, and it is expected to maintain its lead in the coming years as well. The concentration of ODMs (original design manufacturers) and OEMs (original equipment manufacturers) is a major reason for this region's supremacy.
Furthermore, the rising demand for power electronic devices across various utility applications in the Asia Pacific region is propelling the growth of the MOCVD equipment market in this region. North America, on the other hand, is anticipated to develop slowly throughout the projection period due to a mature market and significant market penetration in the United States and Canada.
The major driver expected to drive demand for MOCVD equipment during the forecast period is the rising demand for power semiconductors. Gallium nitride (GaN) is expected to replace silicon technology in many power semiconductor applications in the next years because of its wider band-gap, greater critical electric field, better thermal conductivity, and high breakdown voltage. This is expected to increase demand for GaN power semiconductors, offering a greater opportunity for MOCVD equipment in the future years.