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Global MOCVD Market 2018-2022| Rising Investment in Autonomous Cars to Drive Growth| Technavio

December 5, 2018

LONDON--(BUSINESS WIRE)--Dec 5, 2018--Technavio’s global MOCVD market research report projects the market to decelerate at a CAGR of around (3%) during the forecast period.

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Technavio has released a new market research report on the global MOCVD market for the period 2018-2022 (Graphic: Business Wire)

The growing investment in autonomous cars will be one of the major trends in the during 2018-2022. The autonomous cars will require many sensors and other power electronic devices to work efficiently. There are three different types of sensors including, camera sensors, radar sensors, and LIDAR sensors. The autonomous cars will use an extensive number of chips for sensors, microprocessors, and microcontrollers. This is expected to drive the growth of the MOCVD market.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key drivers for the global MOCVD market is the increasing focus on renewable energy sources:

Global MOCVD market: Increasing focus on renewable energy sources

The demand for the generation of electricity from renewable energy sources has increased owing to energy conservation. The global energy demand will increase by 33% by 2035. This will lead to an increase in the adoption of power electronics in renewable energy sources such as wind and solar as these devices are used in several products such as inverters, turbine converters, and grid converters to increase switching speed and efficiency in power management.

According to a senior research analyst at Technavio, “The deployment of power electronics devices in the renewable energy sector will increase because of the demand for thermal capacity and power cycling capacity. The governments of various countries are planning on making renewable energy sources a part of their long-term initiatives. This will drive the growth of the MOCVD market, especially in the power electronics sector.”

Global MOCVD market: Segmentation analysis

This global MOCVD market analysis report provides market segmentation by end-user (optoelectronics and power electronics) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major end-users, the optoelectronics segment held the largest MOCVD market share in 2017, contributing to nearly 55% of the market. This end-user segment will dominate the global market throughout the forecast period.

The APAC region held the largest share of the market in 2017, accounting for close to 88% share. It was followed by the Americas and EMEA respectively. The APAC region is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005459/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SOFTWARE OTHER TECHNOLOGY

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/05/2018 09:28 AM/DISC: 12/05/2018 09:28 AM

http://www.businesswire.com/news/home/20181205005459/en

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