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Market Research Future (MRFR) announces the publication of its half-cooked research report—Global VCSEL Market, 2019–2025.
The increasing demand for mobile and wireless devices is fueling the need for telecommunication equipment. In the IT & telecommunication industry, VCSEL is used in applications such as radar, satellite communication, point-to-point radio, data link, tactical data link, and data centers. 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. Among the type segment, the single-mode usage has been widely adopted in data centers, and optical fiber communication and thus dominated the market in 2018. However, the multi-mode segment is expected to register the highest CAGR during the forecast period.
By material, the market has been segmented into gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN), and others. Among the materials, the GaN segment dominated the market in 2018. Currently, GaN is being extensively used in VCSEL and microwave applications to enhance the performance of various devices. GaN is nearly 10% more efficient than laterally diffused MOSFET (LDMOS) which helps in significant energy savings at power level 600W or more. Furthermore, GaN materials are highly efficient, which allows them to offer superior system reliability. However, GaAs is expected to register the highest CAGR during the forecast period.
By end user, the market has been 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. Among the major end users listed above, IT and telecom dominated the market in 2018. The increasing adoption of smartphones and connected devices has led to the development of IT and telecommunication infrastructure. Additionally, the requirement for a reliable network, long-distance connectivity with a smaller number of devices, and high-performance devices is increasing among the IT and telecom industries. Moreover, the telecom industries are using VCSELs as these enhance the network connectivity for a long range, which increases the device life cycle.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among the major regions, North America dominates the VCSEL market in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period and is also expected to overtake North America by 2023 in terms of revenue generation.
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, and 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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VCSEL Market 2021-2027New Study Reports " VCSEL Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027" has been Added on MarketResearchFuture.Introduction/Report Summary:This report provides in depth study of “VCSEL Market” using SWOT analysis i.e.
Strength, Weakness, Opportunities and Threat to the organization.
Through this, the study revealed that the global VCSEL market in the future is anticipated to expand at a rate of 17.1% in the forecast period of 2017-2023, with a valuation of USD 4.86 Billion in the same future period.
Back in 2018, the market was valued at USD 1.65 Billion.Top Impacting FactorsIn the MRFR study, the growing demand for laser-based hard disc drives does act as a driver to the market.
The foremost applications of VCSEL lie in data centers, high-speed communications, precision sensing applications, touch-less sensing, gesture recognition, enterprise networks, and chip-to-chip interconnects been liable for the market’s growth.
The other factors accountable for the expansion of the VCSEL market also include the emergent adoption of VCSEL in automotive electronics applications and the rising practice of VCSEL in data communications.
The Global VCSEL Market size is estimated to be USD 2.62 billion in 2019 and is predicted to reach USD 12.79 billion by 2030 with a CAGR of 15.5% from 2020-2030.VCSEL is a vertical cavity surface emitting laser which is type of semiconductor lasers and are mostly used in communication sectors but it has a wide applications.
These VCSEL emits high power optical laser from the vertical surface and operates within the wavelength of 850 nm to 1310 nm and it has a data transmission rate of 2.12-150 Gbps.Access Full Description of this report at:- https://www.nextmsc.com/report/vcsel-marketTop Companies: Alight Technologies APS, Sumitomo Electric Industries Ltd, Panasonic Corporation, Finisar Corporation, ams AG, Philips Photonics (TRUMPF Group), Frankfurt Laser Company, II-VI Laser Enterprise GmbH, Coherent Inc., Broadcom Inc., Vertilas GmbH, OSRAM Opto Semiconductors GmbH, Lumentum Operations LLC (Lumentum Holdings Inc.), PD-LD Inc and others.The global VCSEL market share is analyzed on the basis of type, application, material, end user, and geography.
On the basis of application, the market is segmented into Data Communication, Sensing, Infrared Illumination, Pumping, Industrial Heating, and Emerging Applications.
Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Request free sample copy of this report at:- https://www.nextmsc.com/vcsel-market/request-sampleNorth America is expected to denote the largest market share owing to the increased adoption of VCSEL in data communication.
Furthermore, presence of advanced technology coupled with increased demand of developed infrastructure and increase in automotive and consumer electronics are further expected to fuel the growth of VCSEL market over the forecast period.
Asia Pacific is expected to show tremendous growth over the forecast period owing to the wide application increased demand of automation and efficient communication coupled with increase in research and development activities innovation are anticipated to propel the market growth.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
VCSEL Market The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on VCSEL Market.
The growth sectors of the VCSEL Market are identified with precision for a better growth perspective.Vertical cavity surface-emitting laser, abbreviated and well known as VCSEL, is a laser beam enabled semiconductor laser diode.
FREE PDF@ https://www.marketresearchfuture.com/sample_request/8672Vertical Cavity Surface-Emitting Laser VS. Edge-Emitting LaserThe product enjoys certain advantages over the production of edge-emitting lasers.
However, VCSEL can be tested through the stages of the production process.The processing materials are wasted if edge-emitting lasers fail to perform efficiently.
Some of the key applications of the product are as follows –Face RecognitionFace recognition has taken over the electrical & electronics industry and has gained much popularity in a short span of time.
Rising penetration of these devices is poised to boost demand for VCSEL over the next couple of years.Driver MonitoringThese lasers have found application in the automotive industry.
