The Value Market Research (VMR), a leading market research report provider, released its latest study on the Global VCSEL Market. The study suggests that the market is estimated to show a whopping growth with 21.30% CAGR between 2018-2024. The market was estimated to be USD 1.1 MN in 2017 and reach USD 4.30 BN by 2024. The growing popularity of VCSEL semiconductor tool in various sensing and communication applications has led to the use of VCSELs across various emerging markets. Some of these applications include infrared illumination, fiber channel and intra-systems links and automotive. Technically, VCSELs are the latest type of semiconductor; they have gained a reputation as a superior technology and became the technology of choice for short-range datacom, local area network. Also, they are considered as an ideal choice since they have low manufacturing costs and higher reliability compared to edge-emitters.
The report identifies that the advent of innovation in automotive electronics, and increasing number of data centers along with rising demand from high-end applications such as gesture recognition and 3D imaging are some of the prime driving factors anticipated to impel the growth of VCSEL market. Additionally, the growing popularity of cloud computing solution is further expected to surge the demand for VCSEL in near future. However, the introduction of innovation in technology like laser-assisted hard disk drive is expected to offer new growth opportunities for VCSEL market in the years to come.
The report "Global VCSEL Market Report By Type (Single-Mode VCSEL And Multimode VCSEL), Application (Data Communication, Industrial Heating, Infrared Illumination, Pumping, Sensing And Others), End-User (Data Centers, Consumer Electronics, Automotive, Industrial, Healthcare, and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024" comprises of detailed analysis of current market trends backed with historic data and industry expert’s analysis.
The report covers the segmentation of the VCSEL market on the basis of type, application, and end-user. By type, the market is bifurcated into single-mode VCSEL and multimode VCSEL. Multimode VCSEL is leading the segment owing to the rising applications across various industries including consumer application and AOC & transceivers. Also, robust demand for OEM applications such as sensing, motion control, medical devices, printing, and barcode scanners are fueling the demand for multimode VCSEL. By application the market is divided into data communication, industrial heating, infrared illumination, pumping, sensing and others. Data communication is leading the segment owing to its ability to transmit data over a short range with high data transfer rates and reliability, making them ideal for data centers. Therefore, data communication is considered to be the largest application area of VCSEL. By end-user, the market segregated into data centers, consumer electronics, automotive, industrial, healthcare, and others. Among which, the data center is dominating segment owing to rise in high data transfer rates leading to the greater use of VCSELs as most of the VCSELs operate nearly 800 nm.
By geographically, the market of VCESL is analyzed across the region of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa in the report. North America accounted for the leading share in the VCSELs market and is expected to continue its dominance throughout the forecast period. The growth is mainly attributed to the presence of major manufacturers such as II-VI Incorporated, Vixar Inc., Lumentum Holdings Inc., Broadcom Limited, and Finisar Corporation among others. Europe is expected to show noteworthy growth. This growth is mainly driven by rising use of VCSEL in consumer electronics owing to the increase in adoption of VCSELs across gesture recognition applications, for non-contact navigation and gaming in consumer electronics such as smartphones, TV, and tablets is one of the key reasons driving the growth of the market. At the same time, Asia Pacific is accounted to be the fastest growing regional market for VCSEL, and development of this region is mainly attributed to growing number of data center coupled with significant growth of the automotive sector from emerging countries like China and India.
Prominent Players Profiled In Report:
JDS Uniphase Corporation, Royal Philips Electronics N.V, Finisar Corporation, Avago Technologies, II-VI Inc., IQE PLC, Princeton Optronics, Inc., Ultra Communications, Inc., Vertilas GmbH, and Vixar, Inc.
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