Global Metal-Organic Chemical Vapour Deposition Equipment Market 2016 - 2024: Industry Size, Share, Growth, Forecasts
Latest
industry research report on: Global Metal-Organic Chemical Vapour
Deposition Equipment Market | Industry Size, Share, Research,
Reviews, Analysis, Strategies, Demand, Growth, Segmentation,
Parameters, Forecasts
Metal Organic Chemical Vapour
Decomposition (MOCVD) equipment is used in the manufacturing process
of complex multilayer semiconductor structure that are used across
various optoelectronic or electronic equipment. MOCVD is a device
used by different semiconductor manufacturers for depositing thin
layer of semiconductor compound material on semiconductor wafers.
MOCVD equipment is primarily used in various manufacturing process of
type III to V compound semiconductor especially that uses gallium
nitride (GaN). These semiconductors are used extensively as the basic
material in the manufacturing process of LEDs, power transistors,
lasers, electronic devices and photovoltaic cells among others.
Application of advanced MOCVD equipment in the manufacturing process
of a semiconductor device not only increases the performance but also
delivers higher switching speed and efficiency. Thus, the global
metal organic chemical vapour decomposition (MOCVD) equipment market
is anticipated to experience an exponential growth rate during the
forecast period from 2016 to 2024.
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In
order to provide in-depth analysis, the global metal organic chemical
vapour decomposition (MOCVD) equipment market can be segmented on the
basis of application and geography. By application, the market can be
classified into semiconductor and electronics and research and
development facilities. The semiconductor and electronics segment can
be further bifurcated into barrier layers, integrated circuit (IC)
applications, solar panels, display panels and sensors among others.
In addition, current market synopsis as well as future trend of all
the above mentioned segment is also provided in this report across
various regions such as North America, Europe, Asia Pacific,
Middle-East and Africa and Latin America.
Increasing
demand for power semiconductor is the primary factor anticipated to
boost the demand of MOCVD equipment during the forecast period from
2016 to 2024. In the coming years, gallium nitride (GaN) is
anticipated to replace silicon technology across various power
semiconductor applications owing to its wider band gap, larger
critical electric field, higher thermal conductivity and high
breakdown voltage. This in turn is predicted to trigger the demand of
GaN power semiconductor, thereby creating a better opportunity for
MOCVD equipment in the coming years. In addition, the evolution of
MOCVD equipment has led to increased application of MOCVD in
nanotechnology. This development has been possible due to
technological advancement in terms of reliability, scalability, and
performance. With technological advancement, usage of MOCVD equipment
as fabrication and manipulation tools in nanotechnology is one of the
major driving factors anticipated to accelerate the demand of MOCVD
equipment in the coming years.
However,
fluctuating nature of the semiconductor industry is the most
important factor predicted to deter the market growth of MOCVD
equipment during the forecast period. In many cases, production of
semiconductor exceeds the demand and thus results in large unsold
stock. This in turn is anticipated to affect the demand of MOCVD
equipment negatively. Moreover, the cyclic demand of MOCVD equipment
results in fluctuating revenue inflow of the MOCVD manufacturers.
This is also predicted to limit many manufacturers to enter in this
market.
Based
on application, the global MOCVD equipment market is majorly driven
by the semiconductor and electronics segment in the coming years.
This segment is also anticipated to experience the fastest growing
market during the forecast period. Application of MOCVD equipment for
semiconductor and electronic goods processing is unanimously high in
demand due to the increasing use of advanced technology in the
production of electronic gadgets such as smartphones, DVD players,
video games, PDAs, portable media players, home-theater systems,
printers and microwaves among others.
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Geographically, Asia Pacific
region held the largest market share of MOCVD equipment market across
various region in 2015 and is predicted to hold its leading position
in the coming years also. High concentration of original design
manufacturers (ODMs) and original equipment manufacturers (OEMs) is
the key factor behind this region’s dominance. Moreover, increasing
demand of power electronic devices across various utility application
in Asia Pacific region is another important factor responsible for
the growth of MOCVD equipment market in this region. On the other
hand, owing to mature market due to high market penetration in U.S
and Canada, North America is predicted to experience a sluggish
growth rate during the forecast period.
The global market of MOCVD
equipment is consolidated in nature with the presence of few market
players. Some of the leading players operating in the MOCVD market
includes Aixtron (Germany), Taiyo Nippon Sanso Corp. (Japan), Veeco
Instruments (U.S) and Agnitron Technology Inc. (U.S) among others.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
The study is a source of
reliable data on:
Market segments and
sub-segments
Market trends and dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder
analysis
The regional analysis
covers:
North America (U.S. and
Canada)
Latin America (Mexico,
Brazil, Peru, Chile, and others)
Western Europe (Germany,
U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands,
and Luxembourg)
Eastern Europe (Poland and
Russia)
Asia Pacific (China, India,
Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa
(GCC, Southern Africa, and North Africa)
The report has been compiled
through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which
entails reputable paid sources, trade journals, and industry body
databases). The report also features a complete qualitative and
quantitative assessment by analyzing data gathered from industry
analysts and market participants across key points in the industry’s
value chain.
A separate analysis of
prevailing trends in the parent market, macro- and micro-economic
indicators, and regulations and mandates is included under the
purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop
analysis, which includes an assessment of the parent market
Important changes in market
dynamics
Market segmentation up to
the second or third level
Historical, current, and
projected size of the market from the standpoint of both value and
volume
Reporting and evaluation of
recent industry developments
Market shares and
strategies of key players
Emerging niche segments and
regional markets
An objective assessment of
the trajectory of the market
Recommendations to
companies for strengthening their foothold in the market
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