Jul 8, 2022   SOURCE: BusinessWire

Global Metal Organic Chemical Vapor Deposition Market to 2026 - Featuring AIXTRON, Alliance MOCVD and CVD Equipment Among Others - ResearchAndMarkets.com

The "Global Metal Organic Chemical Vapor Deposition Market: Analysis By Application, By Category, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.

The global metal organic chemical vapor deposition (MOCVD) market in 2021 was valued at US$1.02 billion, and is likely to reach US$1.86 billion by 2026.

Semiconductors and associated low-dimensional nanostructures are critical in today's world. They have been extensively researched and used in industries and militaries such as ultraviolet optoelectronics, light emitting diodes, quantum-dot photodetectors, and lasers. The understanding of the development dynamics of semiconductor nanostructures by metalorganic chemical vapor deposition (MOCVD) is therefore critical. MOCVD is a chemical vapor deposition method of epitaxial growth for compound semiconductors that is widely used in industry.

Market Segmentation Analysis:

By Application: The report splits the global metal organic chemical vapor deposition market into six different segments based on the type of application: microelectronics, data storage, solar products, cutting tools, medical equipment, and others. The microelectronic MOCVD segment held around 26.5% share in metal organic chemical vapor deposition market in 2021, owing to increasing adoption of microelectronics devices such as resistors, transistors, capacitors, inductors, diodes, and others in various industries across the globe.

By Category: The market report has segmented the global metal organic chemical vapor deposition market into three segments on the basis of category: MOCVD Equipment, MOCVD Materials, and MOCVD Services. MOCVD services is the fastest growing segment expanding at a CAGR of 10.6% during the forecast period of 2022-2026, due to the growing demand for advancement in technology in coming years.

By Region: According to this report, the global market can be divided into five major regions, on the basis of geographical areas: Asia Pacific (China, Japan, South Korea and Rest of Asia Pacific), Europe (Germany, Italy, UK, France, and Rest of Europe), North America (The US, Canada, and Mexico), Latin America, and Middle East and Africa. Asia Pacific enjoyed the major share of 47% of the total of the global market share in 2021, primarily owing to the increasing production and sales of passenger vehicles, and the high demand for automobiles and increasing income levels which have resulted in the rising growth of mid-sized premium and luxury car segments in the region. Therefore, augmenting the MOCVD market growth. China MOCVD market is booming at a rapid pace, thanks to the favorable Government intervention and high production of LED.

Impact Analysis of COVID-19 and Way Forward:

The global metal organic chemical vapor deposition market benefited from the COVID-19 pandemic. Since MOCVD is used to grow semiconductors, its influence on semiconductor production has had a considerable market impact. Furthermore, the use of MOCVD as a basic material in solar cells and transistors resulted in some positive developments throughout the pandemic. Understanding the demand drivers for MOCVD end-applications would help assess the influence of COVID on the global MOCVD market. The market is expected to develop quicker in the next years as a result of changes brought about by the pandemic, such as increased semiconductor demand, reconfiguration of MOCVD firms' supply chains to improve robustness, and so on.

Market Dynamics

Growth Drivers

  • Rapid Urbanization
  • Increased Demand for Consumer Electronic Devices
  • Rise in Automotive Industry
  • Rapid installation of MOCVD base
  • Escalating Use of Advanced Medical Equipment
  • Rising Demand for Technology in Microelectronics
  • Replacement of Silicon Technology by Gallium Nitride (GaN) in Power Semiconductor Industry

Challenges

  • High Cost Associated with MOCVD Manufacturing
  • Health Concerns Associated with MOCVD Manufacturing

Market Trends

  • Increasing Penetration of AI applications
  • Growing Global Demand for Photovoltaic Cells
  • Rising Use of MOCVD in the Manufacturing Of Multilayer Semiconductor Structure
  • Growing Popularity of Micro-LEDs

Companies Mentioned

  • Advanced Micro-Fabrication Equipment Inc China
  • Agnitron Technology, Inc.
  • AIXTRON SE
  • Alliance MOCVD, LLC
  • CVD Equipment Corporation
  • JUSUNG ENGINEERING Co Ltd.
  • Nichia Corporation
  • Nippon Sanso Holding Corporation (Taiyo Nippon Sanso Corporation)
  • Qingdao Jason Electric Co Ltd.
  • Samco Inc.
  • Toshiba Corporation (NuFlare Technology Inc.)
  • Veeco Instruments Inc.

For more information about this report visit https://www.researchandmarkets.com/r/itjdgz