Global VCSEL Market, By Material (Gallium Arsenide, Indium Phosphide, Gallium Nitride and Other Materials), Type (Single Mode and Multi-Mode), Data Rate (Up to 10 Gbps, 10.1 to 25 Gbps and Above 25 Gbps), Wavelength (Red, Near Infrared and Short Wave Infrared), Application (Data Communication, Infrared Illumination, Pumping, Sensing, Industrial Heating, Emerging Application), End Users (Data Centres, Automotive, Consumer Electronics, Healthcare, Industrial and Military), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rising demand and adoption of infrared illumination and data communication technology have induced growth in the demand for VCSEL. Data Bridge Market Research analyses that the VCSEL market will exhibit a CAGR of 18.38% for the forecast period of 2021-2028. This means that the VCSEL market value would stand tall by USD 9.59 billion by the year 2028.
VCSEL stands for vertical cavity surface emitting laser. It is a semiconductor-based laser diode with a monolithic laser resonator. It possesses electro-optical properties and this, in turn, makes it suitable for many end-user verticals such as military, consumer electronics, automotive, and others. VCSEL also can modulate frequencies up to a certain value. VCSEL is widely used for device fabrication as it consumes less power, thus proving to be a cost-efficient technology.
The upsurge in the demand for VCSEL in data communication will boost up its market value. The growing interest of OEMs in the incorporation of VCSEL in consumer devices will further create lucrative growth opportunities. Growing demand for laser-based hard disc drives will also bolster the market growth rate in the upward direction. Technological advancements, being the continuous priority will further indirectly boost up the market growth rate.
However, the absence of standard protocols for the technology will restrain the scope of growth for the VCSEL market. The dearth of skilled or trained professionals/workforce will further create hindrances in the way of market growth. Complex integrated systems will further slowdown the rate of growth. Further, the incorporation of advanced solutions with this complex structure will again pose a major challenge to market growth.
This VCSEL market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on process VCSEL market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global VCSEL Market Scope and Market Size
The VCSEL market is segmented on the basis of material, type, data rate, wavelength, application and end users. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the VCSEL market is segmented into gallium arsenide, indium phosphide, gallium nitride and other materials.
- On the basis of type, the VCSEL market is segmented into single mode and multi-mode.
- On the basis of data rate, the VCSEL market is segmented into up to 10 gbps, 10.1 to 25 gbps and above 25 gbps.
- On the basis of wavelength, the VCSEL market is segmented into red, near infrared and short wave infrared.
- On the basis of application, the VCSEL market is segmented into data communication, infrared illumination, pumping, sensing, industrial heating and emerging application. Infrared illumination is further sub-segmented into camera which in turn is bifurcated into 3D camera and security and surveillance camera. Sensing is sub-segmented into optical sensor and interference sensor. Optical sensor is further bifurcated into reflective sensor and scattering sensor. Emerging application is further sub-segmented into display, high power application, atomic clock, GPS and magnetometer. High power application is further bifurcated into LIDAR and night vision.
- On the basis of end users, the VCSEL market is segmented into industrial data centres, automotive, consumer electronics, healthcare, industrial and military.
VCSEL Market Country Level Analysis
The VCSEL market is analysed and market size, volume information is provided by country, material, type, data rate, wavelength, application and end users as referenced above.
The countries covered in the VCSEL market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the VCSEL market. Rising adoption of gesture recognition technology is attributable to the dominance of this region in the global VCSEL market. Asia-Pacific on the other hand is forecasted to score highest CAGR for the forecast period owing to the penetration of mobility and cloud based deployment services especially by small and medium sized enterprises.
The country section of the VCSEL market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and VCSEL Market Share Analysis
The VCSEL market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the VCSEL market.
The major players covered in the VCSEL market report are II-VI Incorporated, Lumentum Operations LLC, ams AG., TRUMPF, Broadcom., Leonardo S.p.A., MKS Instruments., VERTILAS GmbH, Vertilite ., Alight, Coherent Solutions., FLIR Systems, Inc., Inneos LLC, IQE PLC, WIN Semiconductors, Thorlabs, Inc., TT Electronics, Litrax Technology Co., Ltd., NeoPhotonics Corporation and Ushio America, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global VCSEL Market
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