Global VCSEL Market 2020 research report by Market Research
Future delivers a close watch on leading competitors with strategic analysis.
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 Factors
In 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 practice of VCSEL also
lies in two-dimensional fabrication array making in an individual die with
separate light sources, increasing the power output.
A key trend pragmatic in the VCSELs market is the rapid use
of 3D sensing and gesture recognition technologies in consumer electronics,
which is yet again an imperative factor leading the market growth. Gesture
recognition technology has also seen its wide adoption in various consumer
goods, such as tablet PCs. The technology enhances touch screen capabilities by
permitting users to make gestures at a remote location, irrespective of the
device location.
Top Market Players
The top market players in the VCSEL Market are listed as
Santec Corporation, Vertilas GmbH, AMS Technologies AG, Vixar Inc, II-VI Inc.,
IQE PLC, Broadcom Inc., Philips GmbH Photonics, Finisar Corporation, Lumentum
Holdings, TT Electronics PLC, Coherent Inc., NeoPhotonics Corporation, Newport
Corporation, and Necsel Laser.
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Segmentation of Market: Global VCSEL
The global VCSELs market has been segmented based on Type,
Material, and End-User segments.
·
Depending
on the type segment, the market has included single-mode and multi-mode.
·
Depending
on material type, the market has included indium phosphide (InP),
gallium arsenide (GaAs), gallium nitride (GaN), and others.
·
Depending
on end-user segment, the market has included automotive (driver
monitoring, infotainment control, air quality monitoring, LiDAR, and others),
consumer electronics (mobile devices & peripherals, face recognition,
cameras, and others), industrial (gas sensing, industrial printing, heating
systems, and others), healthcare (pulse oximeter, eye tracking, and others), IT
& telecom (data communications, active optical cables, and others), and
military (surveillance, lidar, and others).
Regional Outlook
Globally, the VCSEL market has been studied am among five
regions such as Europe, the Middle East & Africa, Asia-Pacific, and South
America.
Among the regions mentioned above, North America led the
VCSEL market back in 2018. Even North America held a momentous share in 2015.
Therefore, with the significant use of tablets and mobile devices, these are
leading to the rise in the adoption of gesture recognition technology, which is
propelling the adoption of VCSELs. Further, the demand for VCSEL-based optical
transceivers in cloud infrastructure from technology giants, such as Facebook
Inc., Apple Inc., Amazon Inc., and Google LLC, is expected to add to the market
growth in the coming years.
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
VCSEL Market, By
Segments
7.
Competitive Analysis
Continued…
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