Albany, NY -- (SBWIRE) -- 01/13/2017 -- 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.

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.

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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.

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.

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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.