BANGALORE, India, Dec. 7, 2020 /PRNewswire/ -- The VCSEL Market is segmented by Product type (Single Mode, Multi Mode), by Application (Consumer Electronics, Data Center, Automotive, Commercial & Industrial, Healthcare, Military). It also covers Global Opportunity Analysis and Industry Forecast to 2026. This report is published on Valuates Reports in the Electronics & Electrical Category.
The global VCSEL market size is projected to reach USD 2996.8 Million by 2026, from USD 1730.7 Million in 2020, at a CAGR of 9.6% during 2021-2026.
Major factors driving the growth of VCSEL market size are, increasing applications of VCSELs in data communication, growing adoption of 3D sensing applications in smartphones, technological advancements, increasing interest of OEMs to adopt VCSELs in consumer devices, and the use of VCSELs in the LiDAR systems.
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TRENDS DRIVING THE GROWTH OF VCSEL MARKET SIZE
Due to high bandwidth and low cost, vertical cavity surface emitting lasers are used in data centers to meet the high data capacity requirements of short-range optical communication systems. VCSELs are largely deployed in optical fiber data transmission in data centers. The rapid growth of the internet and cloud computing applications, which are driving data centers to upgrade their links, is expected to drive the growth of VCSELs' market size.
Rapid adoption in the 3D sensing and gesture recognition technologies in consumer electronics is expected to increase the growth of the VCSEL market size. Gesture recognition technology has been commonly used in various consumer products, such as tablet PCs. Technology improves touchscreen capabilities by allowing users to make movements at a remote venue, regardless of the location of the computer. For this application, the stability of the wavelength over the entire operating temperature spectrum of the optical source is critical for indirect noise reduction in the received signal.
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VCSEL MARKET SHARE ANALYSIS
North America is expected to hold the largest VCSEL market share, followed by Europe. In 2016, the U.S. dominated the market in North America; similarly, the rest of Europe, except the United Kingdom, Germany, France, Spain and Italy, led the overall market in the European region.
Asia-Pacific is experiencing the highest growth rate during the forecast period due to the lucrative opportunities provided by countries such as China, India, Singapore, South Korea, Japan and other countries. These countries have adopted VCSEL solutions due to the growth in mobile penetration and cloud deployment of small and medium-sized enterprises.
By Region
- North America,
- Europe,
- Asia-Pacific,
- South America,
- Middle East & Africa.
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VCSEL MARKET SEGMENTATION
By the product type, the market is primarily split into
- Single Mode
- Multimode.
By the end users/application, this report covers the following segments
- Consumer Electronics
- Data Center
- Commercial & Industrial
- Automotive
- Healthcare
- Military.
Key Companies:
- Finisar
- Lumentum
- Broadcom
- Philips Photonics
- II-VI
- IQE
- AMS
- Vixarinc
- Santec
- Vertilas
- Coherent
- TT Electronics
- Newport
- Neophotonics.
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SIMILAR REPORTS
?VCSEL for Data Communication Market size is expected to reach USD 358.41 Million by 2027 from USD 120.52 Million in 2019, growing at a CAGR of 13.54% from 2020 to 2027. Major factors driving the growth of VCSEL for Data Communication Market size are rapid growth in the demand for wireless technologies, advancements in wireless communication technologies.
?Single-Mode VCSEL Market is segmented by type Gallium Arsenide (GaAs), Indium Phosphide (InP), Others, by application Consumer Electronics, Data Center, Automotive, Commercial & Industrial, Healthcare, Military and by various regions.
?Multi-Mode VCSEL Market
?Flip-chip VCSEL Market is segmented by type Single Mode, Multi-Mode, by application Face Recognition, Power Electronics, Illumination, Optical Fiber Communication and by various regions.
?Gallium Arsenide (GaAs) VCSEL Market
?Indium Phosphide (InP) VCSEL Market
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