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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.
Globally, the VCSEL market has been categorized into five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Among the aforementioned regions, North America dominated the VCSEL market in 2018. However, Asia-Pacific is expected to dominate the market by 2023. This growth is majorly due to demand for RF amplifiers with a high rate of data transmission, higher frequency, and power leading to the adoption of the VCSEL market. Moreover, the growth of the global VCSEL market are the increasing adoption of devices for energy & power applications and rising demand for IT & telecommunication equipment that use VCSEL.
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.
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.
More Information : https://www.marketresearchfuture.com/reports/vcsel-market-8672
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