2014-02-24 05:31:01 - Global Metal Organic Chemical Vapor Deposition Market 2012-2016 - a new market research report on companiesandmarkets.com
The global Metal Organic Chemical Vapor Deposition market is to grow at a CAGR of 18.6 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for LEDs in the lighting applications. Global Metal Organic Chemical Vapor Deposition market has also been witnessing a gradual shift to six-inch wafers and sapphire substrates. However, the low yield of installed MOVCD equipment could pose a challenge to the growth of this market.
The LED manufacturers in China use two-inch wafers in the LED fabrication process, while the LED manufacturers in Taiwan and Japan use four-inch wafers. The MOCVD vendors are focusing on increasing the yield of the MOCVD equipment by introducing six-inch wafers. Moreover,
the MOCVD vendors are introducing sapphire substrates as an alternative to the traditional silicon substrates in the MOCVD process. With the introduction of six-inch wafers and sapphire substrates, the vendors are looking to double the chip amount of every wafer, thereby significantly reducing the customers cost per wafer fabrication. Thus, the gradual shift to six-inch wafers and sapphire substrates is a positive trend that is expected to benefit the Global MOCVD market.
One of the main drivers of this market is the increase in applications for LEDs, which are the end-products that are manufactured through the MOCVD process. The increased focus on power conservation by government authorities worldwide and the phasing out of incandescent bulbs have increased the demand for LEDs.
Key vendors dominating this space include AIXTRON SE, Taiyo Nippon Sanso Corp., and Veeco Instruments Inc.
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