VCSEL Market Highlights:
A vertical-cavity surface-emitting laser (VCSEL) is a specialized laser diode that operates perpendicular to the surface chip and helps the devices to attain high data speeds and improved efficiency. The factors responsible for the growth of the VCSEL market include the growing adoption of VCSEL in automotive electronics applications, increasing usage of VCSEL in data communications.
The VCSEL Market has been segmented into type, material, and end-user. Single-mode VCSEL dominates the market with a wide range of applications in optical fiber communication and data centers. Among the major end-users, the IT and telecom vertical is expected to remain the dominating end-user segment throughout the forecast period.
Major Key Players:
The key players in the VCSEL market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Vertilas GmbH, Santec Corporation, Vixar Inc, AMS Technologies AG, IQE PLC, II-VI Inc., Philips GmbH Photonics, Broadcom Inc, Lumentum Holdings, Finisar Corporation, Coherent Inc, TT Electronics Plc, Newport Corporation, NeoPhotonics Corporation, Necsel Laser, among others. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 30–40% in the VCSEL market.
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On the basis of geography, the market has been studied for North America, Europe, Asia-Pacific, and the rest of the world. North America dominated the VCSEL market in 2018. Due to technological advancements in the aerospace industry, device manufacturers are using VCSEL to develop-long distance communication and surveillance systems. These are used in aerospace as these components consume less power, provide high performance to the overall system, and decrease the information processing time. The US is responsible for the highest contribution to the demand for VCSEL globally. This demand has further been propelled by the defense sector. As most of the end-users in this market are aware of the latest technologies, they are increasingly investing in acquiring the latest services to increase the level of quality and improve design innovation.
The market players in the region are exploring opportunities as the region is rapidly migrating to 5G. However, global economic fluctuations at times lead to losses incurred by major players, and economic instability in other regions impacts the sales and profits of in-house companies. However, Asia-Pacific is expected to dominate the market by 2023. This growth is majorly due to the high demand for RF amplifiers with a high rate of data transmission, higher frequency, and power leading to the adoption of VCSEL. Moreover, with the growth of VCSEL, the adoption of VCSEL based devices for energy & power applications and its demand for IT & telecommunication equipment is increasing.
The Global VCSEL Market has been segmented based on Type, Material, End-User, and Region.
- By Type, the market has been segmented into single-mode and multi-mode.
- By Material, the market has been segmented into gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN), and others.
- By end-user, the market is segmented into consumer electronics (mobile devices & peripherals, face recognition, cameras, and others), automotive (driver monitoring, infotainment control, air quality monitoring, LiDAR, and others), healthcare (pulse oximeter, eye tracking, and others), industrial (gas sensing, industrial printing, heating systems, and others), military (surveillance, lidar, and others), IT & telecom (data communications, active optical cables, and others), and others.
- By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global VCSEL Market, By Type
1.1.2. Global VCSEL Market, By Material
1.1.3. Global VCSEL Market, By End User
1.1.4. Global VCSEL Market, By Region
2. Market Introduction
2.2. Scope of The Study
2.3. Market Structure
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
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List of Tables
Table 1 Global VCSEL Market, By Type, 2019–2025
Table 2 Global VCSEL Market, By Material, 2019–2025
Table 3 Global VCSEL Market, By End User, 2019–2025
Table 4 Global VCSEL Market, By Region, 2019–2025
Table 5 North America: VCSEL Market, By Country, 2019–2025
List of Figures
Figure 1 Global Vcsel Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of The Global Vcsel Market
Figure 4 Value Chain Of The Global Vcsel Market
Figure 5 Share Of The Global Vcsel Market In 2018, By Country (In %)
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