Global MOCVD Market 2017-2021
MOCVD is a technique used by semiconductor manufacturers for depositing a very thin layer of metal oxide compound semiconductor material onto a semiconductor wafer. It is predominantly used in the manufacturing process of III-V compound semiconductors, especially for those that use GaN. These semiconductors are the most important base material for manufacturing LEDs, lasers, power electronics, and photovoltaic cells.
Technavio’s analysts forecast the global MOCVD market to grow at a CAGR of 13.59% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global MOCVD market for 2017-2021. To calculate the market size, the report considers value of volume.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global MOCVD Market 2017-2021
Technavio recognizes the following companies as the key players in the global MOCVD market: AIXTRON, Taiyo Nippon Sanso, and Veeco Instruments.
Other Prominent Vendors in the market are: Agnitron Technology, Alliance MOCVD, CVD Equipment Corporation, HC SemiTek, JUSUNG ENGINEERING, and Xycarb Ceramics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of high-powered electronic devices. The consumers of electronic devices have high expectations. They want products that are fast, innovative, lightweight, energy-efficient, and small. For silicon, all these demands are tough to achieve without compromising on performance.”
According to the report, one driver in the market is increased demand for renewable sources of energy. The requirement for generating electrical energy from renewable energy sources is rising rapidly across the world. It is projected that global energy consumption will increase by more than 60% by 2030, which is expected to boost the adoption of power electronics in different renewable technologies such as solar and wind power. These devices are used in grid converters, wind turbine converters, and inverters used in solar panels to increase the switching speed and power efficiency.
Further, the report states that one challenge in the market is high complexity of MOCVD process. MOCVD technology involves complex chemical processes that include the nature of chemical precursors and chemical reactions in the gas phase. In addition, MOCVD precursors used in the deposition process are highly toxic, explosive, and corrosive. The MOCVD process is usually carried out at a very high temperature, which limits any substrate to be coated with the semiconductor material.
AIXTRON, Taiyo Nippon Sanso, Veeco Instruments, Agnitron Technology, Alliance MOCVD, CVD Equipment Corporation, HC SemiTek, JUSUNG ENGINEERING, and Xycarb Ceramics.