Global MOCVD Equipment Market for Power Electronics 2018-2022
Metal-organic chemical vapor deposition (MOCVD) is used by semiconductor manufacturers to deposit a very thin layer of atoms onto a semiconductor wafer. It is mostly used in manufacturing III-V compound semiconductors, especially those that use gallium nitride (GaN).
Technavio’s analysts forecast the Global MOCVD Market for Power Electronics to grow at a CAGR of 34.57% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global MOCVD Market for Power Electronics. To calculate the market size, the report considers the revenue generated from the sales of MOCVDs in the power electronics industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global MOCVD Market for Power Electronics 2018-2022
Technavio recognizes the following companies as the key players in the Global MOCVD Market for Power Electronics: AIXTRON, CVD Equipment, NuFlare Technology, TAIYO NIPPON SANSO, Veeco Instruments
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the high adoption of semiconductor ICs and power electronic devices in the automotive sector. The use of devices such as airbag control systems, battery units, and infotainment systems in automotive sector is expected to create growth for MOCVD equipment in the forthcoming years.”
According to the report, one driver influencing this market is the adoption of power electronic devices for energy generation. Owing to the increased use of power electronics in the renewable energy sector, the demand for MOCVD equipment is expected to accelerate during the forecasted period.
Further, the report states that one challenge affecting this market is the high investments required in the GaN-based semiconductor devices as compared with silicon-based semiconductor devices. This also poses a challenge to the emerging vendors with limited budgets for raising their funds to finance their expansion plans.
TAIYO NIPPON SANSO