The VCSEL market was valued at USD 954.6 Million in 2015 and is expected to reach USD 3,124.1 Million by 2022, at a CAGR of 17.3 % during the forecast period. In this report, 2015 has been considered as the base year, and the period between 2016 and 2022 has been considered as the forecast period for the VCSEL market study.
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Summary of The Report:
The report "VCSEL Market by Type (Single Mode VCSEL and Multimode VCSEL), Application (Data Communication, Sensing, Infrared Illumination, Pumping, Industrial Heating, and Emerging Applications) End users, and Geography - Global Forecast to 2022", The VCSEL market was valued at USD 954.6 Million in 2015 and is expected to reach USD 3,124.1 Million by 2022, at a CAGR of 17.3 % during the forecast period.
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Objective of The Study:
The objective of the study of this report is to define, describe, and forecast the global VCSEL market on the basis of type, application, end users and geography. The VCSEL market has been segmented on the basis of geographical regions into North America, Europe, Asia-Pacific, and RoW.
Additionally, the report provides detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
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The opportunities have been analyzed for stakeholders by identifying the high-growth segments of the global VCSEL market. The report also profiles key players and comprehensively analyzes their market ranking and core competencies, along with detailing the competitive landscape.
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This research study involves an extensive usage of secondary sources, directories, and databases (Factiva and OneSource) to identify and collect information useful for technical, market-oriented, and commercial aspects of telepresence technology. Top-down and bottom-up approaches have been implemented to arrive at the size of the VCSEL market.
The points below explain the research methodology applied:
- Studying annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts
- Analyzing opportunities in the market for stakeholders by identifying high-growth segments
- Analyzing competitive developments such as mergers & acquisitions, new product developments, and research & development
- Carrying out primary and secondary research to derive all the percentage splits and segment breakdown of the market
Multimode VCSELs held the largest market share in 2015 and is expected to exhibit high growth rate during the forecast period
The multimode VCSEL is the major contributor to the overall market. The market for multimode is increasing rapidly.
Multimode are suitable for long-haul transmissions as they offer better modulation compared to single-mode VCSELs. Multimode are thus used in precision sensing and datacom applications.
The high-speed capability of multimode VCSELs has increased its use in data communication.
Automotive is expected to grow at the highest rate during the forecast period
VCSELs have gained a huge importance in the automotive sector. The use of electrical systems in various automobiles have increased the demand.
Recent automobiles have improved significantly in terms of fuel efficiency, safety, in-car entertainment, and engine performance. All these technologies generate a large amount of data which needs to be transmitted at a high speed.
VCSELs meet the high data rate requirements of the media-oriented systems transport (MOST) specification, which is the common networking protocol for designing internal communication networks in premium automobiles. This makes VCSEL sensors ideally suitable for new automotive markets.
North America held the largest share of the VCSEL market
The major companies such as Broadcom Limited (U.S.), Finisar Corporation (U.S.), Lumentum Holdings Inc. (U.S.), II-VI Incorporated (U.S.) and Vixar Inc.
(U.S.), among others, have been responsible for the dynamic growth of the market in North America. Data communication is a key application driving the demand for this in North America.
The adoption of the Internet of Things (IoT) for effective performance has resulted in the generation of huge amounts of data. This has increased the implementation of data centers.
For instance, Microsoft and Google, Inc. (U.S.) both are constructing major data centers in this region which would ultimately boost the growth of overall market.
Thus, the data communication application holds the largest share of the North American market. Additionally, pumping, sensing and emerging applications are expected to fuel the VCSEL market growth in this region.
Major players operating in this market include Broadcom Limited (U.S.), Finisar Corporation (U.S.), Lumentum Holdings Inc. (U.S.), Royal Philips Electronics N.V.
(Netherlands), II-VI Incorporated (U.S.), IQE PLC (U.K.), Vertilas GmbH (Germany), Princeton Optronics Inc.(U.S.),Vixar Inc. (U.S.) and Santec Corporation (Japan).
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