DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2lppj7/global_metal) has announced the addition of the "Global Metal Organic Chemical Vapor Deposition (MOCVD) Equipment Market 2014-2018 with Aixtron SE, Taiyo Nippon Sanso & Veeco Instruments Dominating" report to their offering.
The Global MOCVD Equipment market will grow at a CAGR of 14.13% to 2018
Power semiconductors are an emerging market for the Global MOCVD Equipment market. In recent years, GaN has replaced the existing silicon technology in most of the power semiconductor applications due to its various properties such as wider band gap, high break-down voltage, larger critical electric field, and higher thermal conductivity. This has in turn increased the demand for GaN power semiconductors. To satisfy the demand for high performance electronic devices, semiconductor manufacturers are expected to increase the installation of GaN processing equipment such as MOCVD equipment. GaN-on-Silicon based power electronics developed on MOCVD equipment potentially deliver higher performance, higher efficiency, and switching speed.
According to the report, there are several factors driving the Global MOCVD Equipment market growth, of which the increasing demand for high-brightness LEDs in the Global LED Lighting market is the main one. The rapid decline in the ASP of LEDs has led to an increase in the adoption of LEDs for lighting applications. MOCVD equipment is used in the production of high-brightness LEDs, and it is therefore expected that the increasing demand for high-brightness LEDs will fuel the growth of the market.
Further, the report states that the cyclical nature of the Semiconductor industry is one of the major challenges. The revenue generated from the Semiconductor industry is cyclical in nature because of the fluctuating demand for semiconductor components used in many electronic products. Very often, production tends to exceed demand, resulting in inventory pile-up. MOCVD equipment manufacturers often therefore experience fluctuating revenues, which in turn adversely affects their profitability.
- Aixtron SE
- Taiyo Nippon Sanso Corp.
- Veeco Instruments Inc.
Key Market Drivers/Trends/Challenges
- Increasing Demand for LEDs in the Global LED Lighting Market.
- Cyclical Nature of the Semiconductor Industry.
Growing Demand for MOCVD Equipment in the Global Power Semiconductor
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/2lppj7/global_metal