Molecular Beam Epitaxy (MBE) Market Size, Share, Growth, Trends, and Forecast 2030

Molecular Beam Epitaxy (MBE) Industry Prospective:

The global Molecular Beam Epitaxy (MBE) market size was worth around USD 94 million in 2022 and is predicted to grow to around USD 181 million by 2030 with a compound annual growth rate (CAGR) of roughly 8.5% between 2023 and 2030.

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The report analyzes the global Molecular Beam Epitaxy (MBE) market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the molecular beam epitaxy (MBE) industry.   

Molecular Beam Epitaxy (MBE) Market: Overview

The most straightforward way to characterize the sophisticated type of vacuum evaporation or physical vapor deposition used in molecular beam epitaxy (MBE) is as a very refined form of vacuum evaporation with excellent control over material purity, interface formation, alloy compositions, and doping concentrations. The ultrahigh-vacuum (UHV) environment included in the material growing system, which is incredibly clean, is the key component that makes these attributes possible. Background impurity levels in the resulting materials are often very low due to the very low (1014 Torr) partial pressures of background impurity gases that characterize UHV settings. MBE involves evaporating or subliming non-interacting molecular beams of component materials and allowing them to interact chemically over a heated substrate. MBE is one of the key instruments for the advancement of nanotechnologies and is frequently employed in the production of semiconductor devices, including transistors. MBE is used to make lasers that read optical discs (like CDs and DVDs), as well as diodes and MOSFETs (MOS field-effect transistors), at microwave frequencies.

Key Insights

• As per the analysis shared by our research analyst, the global Molecular Beam Epitaxy (MBE) market is estimated to grow annually at a CAGR of around 8.5% over the forecast period (2023-2030).
• In terms of revenue, the global Molecular Beam Epitaxy (MBE) market size was valued at around USD 94 million in 2022 and is projected to reach USD 181 million, by 2030.
• The global Molecular Beam Epitaxy (MBE) market is being driven by the growing semiconductor industry along with increasing investments.
• Based on the type, the Laser MBE Systems segment is expected to grow at a significant rate during the forecast period.
• Based on the application, the R&D use segment is expected to hold the largest market share over the forecast period.
• Based on region, the Asia Pacific is expected to hold the largest market share over the forecast period.

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Molecular Beam Epitaxy (MBE) Market: Growth Drivers

Growth in the semiconductor industry drives the market growth

The growth in the semiconductor industry is expected to drive the global molecular beam epitaxy market growth over the forecast period. The manufacturing of specialized semiconductor devices, notably those based on III-V materials and utilized in optoelectronics and high-frequency applications, is accomplished using the widely used commercial technology known as molecular beam epitaxy (MBE). For instance, in August 2023, the Semiconductor Industry Association (SIA) reported that global semiconductor sales for the second quarter of 2023 reached $124.5 billion, up 4.7% from the first quarter but 17.3% less than the second quarter of 2022. Global sales for June 2023 totaled $41.5 billion, up 1.7% from the prior month. The World Semiconductor Trade Statistics (WSTS) group compiles monthly sales, which are an average over the previous three months. By revenue, SIA accounts for approximately two-thirds of non-U.S. chip companies as well as 99% of the U.S. semiconductor sector. Thus, this is expected to drive market growth over the forecast period.

Molecular Beam Epitaxy (MBE) Market: Restraints

High cost and limited throughput hamper the market growth

The method of molecular beam epitaxy is labor- and resource-intensive. In comparison to other thin-film deposition techniques, operating MBE systems may need more specialized equipment, high vacuum requirements, and expert employees. Moreover, MBE is also a slow and sequential process, requiring time for each layer to be deposited. This influences its appropriateness for high-volume production since it restricts throughput in comparison to some other deposition processes, such as chemical vapor deposition (CVD) or sputtering. Therefore, the high cost and limited throughput of MBE are expected to limit the molecular beam epitaxy industry growth over the forecast period.

Molecular Beam Epitaxy (MBE) Market: Opportunities

The emergence of quantum materials offers a lucrative opportunity for the market growth

A notable development in recent years has been the development of quantum materials and apparatus. Numerous industries, including computers, communication, and sensing, stand to benefit from the development of quantum materials, which display special quantum mechanical features. These materials' high-quality epitaxial layer growth, which paves the way for the creation of cutting-edge quantum devices, is greatly aided by MBE. MBE is being actively used by researchers to create thin films of quantum materials, including topological insulators and superconductors. Strong electron-electron interactions, topologically protected surface states, and superconductivity are all characteristics of these materials. Researchers may create the desired features and investigate the underlying physics of the quantum events by utilizing MBE to accurately regulate the growth parameters, such as temperature and flux. Thereby, offering the potential opportunity for molecular beam epitaxy market growth.

Molecular Beam Epitaxy (MBE) Market: Challenges

Materials compatibility acts as a major challenge to the market growth

Although MBE provides tremendous control over material characteristics, some materials are more difficult to work with than others. The high temperature and high vacuum of MBE may cause some materials to break down or react adversely. Therefore, the materials compatibility might be a major challenge to the market growth over the forecast period.

Molecular Beam Epitaxy (MBE) Market: Segmentation

The global Molecular Beam Epitaxy (MBE) industry is segmented based on type, application, and region.

Based on the type, the global molecular beam epitaxy market is bifurcated into Normal MBE Systems and Laser MBE Systems. The Laser MBE Systems segment is expected to grow at a significant rate during the forecast period. Growing complicated material systems, such as heterostructures, multi-component alloys, and materials with extreme mismatches, is a specialty of laser MBE. Precision compositional control and structural optimization are made possible by the improved control provided by lasers. Additionally, nanostructures including quantum dots, nanowires, and nanopatterned surfaces are made using laser MBE. These structures offer special qualities that are essential for a variety of applications, such as quantum computing and optoelectronics. Thus, this is expected to drive the segment growth over the forecast period.

Based on the application, the global molecular beam epitaxy industry is bifurcated into R&D Use and Production Use. The R&D use segment is expected to hold the largest market share over the forecast period due to its capacity to produce highly controlled thin films, heterostructures, and nanostructures with atomic accuracy, molecular beam epitaxy (MBE) is often employed in research and development environments. MBE is a tool used by academic researchers, government labs, and industrial R&D centers to examine basic qualities, explore novel materials, and create custom devices. On the other hand, the production use segment is expected to grow at the highest CAGR over the forecast period. The segment growth is attributed to the growing use of MBE in the fabrication of semiconductors, quantum devices, and others. For instance, MBE is utilized in the production of advanced semiconductor devices such as transistors, diodes, and integrated circuits. Its ability to create tailored epitaxial layers with precise properties is crucial for achieving desired device performance. Thereby, driving the segment growth during the analysis period.

Molecular Beam Epitaxy (MBE) Market: Report Scope

Molecular Beam Epitaxy (MBE) Market: Regional Analysis

The Asia Pacific is expected to hold the largest market share over the forecast period

The Asia Pacific is expected to hold the largest molecular beam epitaxy market share over the forecast period. Some of the top semiconductor manufacturers in the world are based in this area. The industry is expanding because of the rising demand for semiconductor products such as integrated circuits (ICs), flat panel displays (FPDs), and light-emitting diodes (LEDs). Moreover, the Asia Pacific nations are making investments in cutting-edge technologies like 5G, IoT, and AI. MBE plays a crucial role in developing the tools and materials that support these technologies. For instance, more than 400 million 5G connections, or slightly over 14% of all mobile connections, will exist by 2025, according to the GSMA estimate. Australia, Japan, South Korea, and other developed nations are further along than Singapore, where 5G is anticipated to make up 55% of connections by 2025. Thus, this is expected to drive the market growth in the region.

Molecular Beam Epitaxy (MBE) Market: Competitive Analysis

The global Molecular Beam Epitaxy (MBE) market is dominated by players like:

• Riber
• Veeco
• DCA
• Pascal
• Scienta Omicron
• Dr. Eberl MBE-Komponenten GmbH
• Svt Associates
• SemiTEq JSC
• CreaTec Fischer & Co. GmbH
• Prevac
• EIKO ENGINEERING
• Epiquest
• SKY  
• GC inno

The global Molecular Beam Epitaxy (MBE) market is segmented as follows:

By Type

• Normal MBE Systems
• Laser MBE Systems

By Application

• R&D Use
• Production Use

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa