Global MOCVD (Metal Organic Chemical Vapor Deposition) market is projected to reach US$ 1761.7 Mn in 2029

MOCVD (Metal Organic Chemical Vapor Deposition) Market Infographics Description:

• The Global MOCVD (Metal Organic Chemical Vapor Deposition) Market was valued at US$ 779.2 Mn in 2019.
• Worldwide MOCVD (Metal Organic Chemical Vapor Deposition) market is projected to reach US$ 1761.7 Mn in 2029 at a CAGR of 8.5% from 2019 to 2029.
• Amongst product types the III-V Semiconductors type in the global MOCVD (Metal Organic Chemical Vapor Deposition) market is estimated to account for a majority revenue share of 66.5% in 2019 end, owing to increasing demand from power electronics and optoelectronics industries across the globe.
• Among all the application segments, the optoelectronics sector is expected to register the highest CAGR of over 9.2%, owing to the increasing use of MOCVD by semiconductor manufacturers to develop highly efficient photovoltaic cells or triple-junction solar cells.
• Asia Pacific market is expected to dominate the global MOCVD (Metal Organic Chemical Vapor Deposition) market and is expected to account for the largest market revenue share as compared to that of markets in other regions.