According to Cognitive Market Research, the global MOCVD market size is USD 781.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 11.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 312.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 234.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 179.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 39.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 15.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.
The GaN-MOCVD held the highest MOCVD market revenue share in 2024.
