- Key vendors in the market are Aixtron SE, Taiyo Nippon Sanso Corp., Veeco Instruments Inc.
London, 21 April 2014: TechNavio, the independent tech-focused global research firm, has announced the publication of its report on the Global Metal Organic Chemical Vapor Deposition Equipment Market, which is posting a CAGR of 14.13 percent from 2013-2018.
Market growth in this area is being attributed to high demand for LED lighting, as MOCVD equipment is used in the production of LEDs. As this technology is used more and more frequently in consumer electronics such as phones, computers and televisions, as well as in general lighting and automotive lighting, LED manufacturers are expected to increase the utilization rate of MOCVD equipment during the forecast period.
Additionally, uptake of MOCVD equipment in the power semiconductor applications is a major trend that will impact the market in the future.
“In recent years, gallium nitride (GaN) has replaced the existing silicon technology in most power semiconductor applications due to its properties such as wider band gap, high break-down voltage, larger critical electric field, and higher thermal conductivity,” says Faisal Ghaus, Vice President of TechNavio Research.
“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.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global MOCVD Market please send an e-mail to media@TechNavio.com
https://www.technavio.com/%3Cp%3EMedia%20Contact%3A%3C/p%3E%0A%0A%3Cp%3EJ…
