MOCVD Market - Trends and Forecasts by Technavio

Technavio has published a new report on the global MOCVD market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest report on the global metal organic chemical vapor deposition (MOCVD) market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Sunil Kumar Singh, a lead analyst from Technavio, specializing in research on semiconductor equipment sector, says, “There are different factors driving the global MOCVD market growth, of which the increasing demand for high-brightness LEDs in the global LED Lighting market is the major one. The rapid decline in the ASP of LEDs has led to an increase in the adoption of LEDs for lighting applications.”

The MOCVD market is likely to grow at a CAGR of around 14% during the predicted period. Since MOCVD technique is used to produce high-brightness LEDs, it is expected that the increasing demand for high-brightness LEDs will fuel the growth of the market. Furthermore, the increasing demand for renewable sources of energy such as solar energy is another major driver for this market. Semiconductor manufacturers are using the MOCVD process to manufacture high-efficiency triple junction photovoltaic cells that can maximize the efficiency of photovoltaic cells in converting sunlight to electricity.

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The top three emerging trends driving the global MOCVD market according to Technavio research analysts are:

Need for energy conservation

The vendors offer different power electronic devices for use in a range of applications. The main focus of the vendors is energy conservation. Many vendors are engrossed in increasing power density, thereby affecting the cost of power electronic devices and associated applications. The cost is expected to increase during the forecast period.

The increase in power density leads to an increase in the power efficiency of the devices, thus helping end-users conserve energy. Depletion and rising cost of fossil fuels make energy conservation a requirement and a trend that can trigger the market growth over the next few years,” according to Sunil.

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. It has already reached its saturation stage.

GaN-based semiconductor devices have opened new opportunities for customers and vendors alike. For customers, GaN offers high-powered electronics that are mobile, prompt, energy-efficient, and save on time.

Increasing MOCVD equipment utilization rate in APAC

Increasing lighting demands and the subsidies offered by the local government on MOCVD equipment in APAC, particularly in China, present strong growth potential for the global MOCVD equipment market. The increasing demand for LED-based components and accessories such as LED-based displays along with the increasing demand for LEDs in the general lighting segment has increased the MOCVD equipment utilization rate in APAC.

For instance, Chinese LED manufacturers such as Tsinghua Tongfan, HC SemiTek, Hangzhou Silan Azure Technology, and Zhongke Semiconductor Lighting have production capacity expansion plans in the country by 2020.

The key vendors are as follows:

  • AIXTRON
  • Taiyo Nippon Sanso
  • Veeco Instruments

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest report on the global MOCVD market provides an analysis of the most important trends expected to impact the market outlook.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com