VCSEL Market By Type (Singlemode and Multimode), By Application (Data Communication, Industrial Heating, Infrared Illumination, Pumping And Sensing) and By End Users (Data Centers, Consumer Electronics, Automotive, Industrial, Healthcare And Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Description

Market Overview

The Global VCSEL market accounted for USD 1,093.8 Million in 2020 and is expected to reach USD 3,689.8 Million by 2028, growing at a CAGR of 17.3 % from 2021 to 2028.

Vertical Cavity Surface Emitting Laser (VCSEL) is a semiconductor based diode with laser beam emitting perpendicular to top surfaces. VCSEL are critical technologies used with existing and new components to run some of the complicated applications such as 3D facial recognition, 3D sensors, back camera with light detecting and ranging technology (LiDAR), automated driving technology, and high speed data communication such as 5G.

Improvement in television technologies has led to higher resolution and with VCSEL it can further be enhanced. Multimode VCSEL are used to transmit high speed data in short range. Technology giant hubs like Microsoft, apple, google are investing heavily in VCSEL researches to see possibilities of how to improve the current technology and application in their devices. Increase in cloud computing allows flow of data anywhere which attracts huge data traffics, in order to ease the flow of data high-speed transceivers and AOCs are set up which operate at about 500G data rates.

COVID-19 Impact Analysis

The global VCSEL market has witnessed a downturn in the sales for short term owing to the hindered possibilities of not being manufactured in various countries due to lockdown enforcement. The decline in supply of VCSEL products will delay deployment of 5G technology. However, the world markets are slowly opening to their full potential and theirs a surge in demand of VCSEL products. The market would remain sluggish in upcoming year but it is expected to gain momentum due to demand of 5G technology and other applications as well. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain.

Growth Factors

Automotive industry is has ample opportunities for VCSEL technology such as LiDAR guidance system for driverless or auto pilot vehicles. Campiness like tesla, apple are researching extensive in this segment to make auto pilot more safe and accurate. Consumer electronic devices such as mobile etc. have used VCSEL technology earlier and are still progressing.  Consumers electronic are one of the key factors for VCSEL market growth.

VCSEL is used for optical communications as single optic fiber transmitters. Multimode fibersare used in both short and long range space communication lines. High precision computers are made using VCSEL technology. VCSEL technology is used in biomedical sensing. VCSEL is more cost effective if compared to Edge Emitting Lasers (EEL) and Light Emitting Diodes (LED) in sensing and imaging.

Inexpensive manufacturing is one of the main factors VCSEL technologies to be used widely. Up to 20,000 VCSELs can fit on to an area of about two inche wafer (5.08 cm). 

Report Scope:

End Users Segment Analysis Preview

The Consumer Electronics segment held a share of around 37.56% in 2020. This is attributable to the high application of VCSEL’sin mobile, computers, etc. Cameras are being equipped with LiDAR, Infrared lights for better imaging experiences. The automotive sector is researching extensively with VCSEL to improve their autopilot mode and make it more safe and reliable for public use. Data Centers are being set as VCSEL can transmit and receive data at high speed.

Application Segment Analysis Preview

Data Communication

Comprehensive data communications using VCSEL product are cost effective. Data is present between tempwearure -20 t0 100C and operational characteristics offer up to 10 Gb/s. its fiber coupling is quite efficient.

Infrared Illumination 850 nm high power  VCSEL array suits numerous IR applications. VCSEL are used in gesture recognition technology and proximity sensing and improve high power emitting diodes legacy, LEDs, edge emitting lasers, etc.

Industrial uses of vessel technology has a wide range like setting up a data center to share data over a short-range or set arrays for long distance high speed data transfer.

Regional Analysis Preview

The North American region held a share of 36.13% in 2020. This is attributable to the presence of top companies such as II-VI Incorporated, Lumentum Operations LLC, Hamamatsu Photonics K.K, Vixar Inc (OSRAM AG) and others. Moreover, the increasing usage of VCSEL technology is day to day useful application has created this huge demand of VCSEL in this region. Technological advances made in the field of VCSEL and using them in mobile cameras, autopilot using ranging tech and data communication centers.

The Asia Pacific region is projected to grow at a CAGR of 19.3% over the forecast period. This surge is due to the increasing adoption of modern technological applications of VCSEL tech. Countries like China, Japan, South Korea, Taiwan are tech manufacturing hubs and are known for their quality product

The European VCSEL market is expected to witness notable growth during the forecast period. VCSEL are used in setting up data centers for research purpose and VCSEL are one of the fastest growing technology in European nation

Key Market Players & Competitive Landscape

Some of key players in global VCSEL market are II-VI Incorporated, Lumentum Operations LLC, Hamamatsu Photonics K.K, Vixar Inc (OSRAM AG)Philips Photonics (TRUMPF Group), ams, Vertilite, Coherent, WIN Semiconductor, TriLumina, Santec and among others. 

Ams and Vixar introduced a new chip at photonics west 2020 in the US. These new chips have a wavelength of 940nm and can be used in the autonomous guiding system.

II-VI launched a new VCSELs in its vertical integrated 150mm gallium arsenide(GaAs) to cater to the growing demand for optical high-definition multimedia interface (optical HDMI) in the consumer electronics market.

The global VCSEL market is segmented as follows:

By Type

• Singlemode
• Multimode

By Application

• Data Communication
•  Industrial Heating
• Infrared Illumination
• Pumping And Sensing

BY End Users

• Data Centers
•  Consumer Electronics
•  Automotive
•  Industrial
•  Healthcare
•  Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Table Of Content

• Chapter No. 1 Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2 Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Type
      • 2.1.1.2. Market Attractiveness Analysis, By Application
      • 2.1.1.3. Market Attractiveness Analysis, By End Users
      • 2.1.1.4. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global VCSEL Market, 2016 – 2028 (USD Million)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3 COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4 VCSEL Market – Type Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
  • 4.2. single mode
    • 4.2.1. Market Size and Forecast, By Region (USD Million)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. multimode
    • 4.3.1. Market Size and Forecast, By Region (USD Million)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 VCSEL Market – Application Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
  • 5.2. Data Communication
    • 5.2.1. Market Size and Forecast, By Region (USD Million)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Industrial Heating
    • 5.3.1. Market Size and Forecast, By Region (USD Million)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.4. Infrared Illumination
    • 5.4.1. Market Size and Forecast, By Region (USD Million)
    • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.5. Pumping And Sensing
    • 5.5.1. Market Size and Forecast, By Region (USD Million)
    • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 6 VCSEL Market – End Users Segment Analysis
  • 6.1. Overview
    • 6.1.1. Market Revenue Share, By End Users, 2020 & 2028
  • 6.2. Data Centers
    • 6.2.1. Market Size and Forecast, By Region (USD Million)
    • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.3. Consumer Electronics
    • 6.3.1. Market Size and Forecast, By Region (USD Million)
    • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.4. Automotive
    • 6.4.1. Market Size and Forecast, By Region (USD Million)
    • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.5. Industrial
    • 6.5.1. Market Size and Forecast, By Region (USD Million)
    • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.6. Healthcare
    • 6.6.1. Market Size and Forecast, By Region (USD Million)
    • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.7. Healthcare
    • 6.7.1. Market Size and Forecast, By Region (USD Million)
    • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 7 VCSEL Market – Regional Analysis
  • 7.1. Overview
    • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
  • 7.2. North America
    • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.2.2. North America Market Revenue, By Type, 2016 – 2028
    • 7.2.3. North America Market Revenue, By Application, 2016 – 2028
    • 7.2.4. North America Market Revenue, By End Users, 2016 – 2028
    • 7.2.5. U.S.
      • 7.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
      • 7.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.5.3. U.S. Market Revenue, By End Users, 2016 – 2028
    • 7.2.6. Canada
      • 7.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
      • 7.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
      • 7.2.6.3. Canada Market Revenue, By End Users, 2016 – 2028
    • 7.2.7. Mexico
      • 7.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
      • 7.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
      • 7.2.7.3. Mexico Market Revenue, By End Users, 2016 – 2028
  • 7.3. Europe
    • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.3.2. Europe Market Revenue, By Type, 2016 – 2028
    • 7.3.3. Europe Market Revenue, By Application, 2016 – 2028
    • 7.3.4. Europe Market Revenue, By End Users, 2016 – 2028
    • 7.3.5. Germany
      • 7.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
      • 7.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 7.3.5.3. Germany Market Revenue, By End Users, 2016 – 2028
    • 7.3.6. France
      • 7.3.6.1. France Market Revenue, By Type, 2016 – 2028
      • 7.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 7.3.6.3. France Market Revenue, By End Users, 2016 – 2028
    • 7.3.7. U.K.
      • 7.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
      • 7.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 7.3.7.3. U.K. Market Revenue, By End Users, 2016 – 2028
    • 7.3.8. Italy
      • 7.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
      • 7.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 7.3.8.3. Italy Market Revenue, By End Users, 2016 – 2028
    • 7.3.9. Spain
      • 7.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
      • 7.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
      • 7.3.9.3. Spain Market Revenue, By End Users, 2016 – 2028
    • 7.3.10. Rest of Europe
      • 7.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
      • 7.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.10.3. Rest of Europe Market Revenue, By End Users, 2016 – 2028
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
    • 7.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.4.4. Asia Pacific Market Revenue, By End Users, 2016 – 2028
    • 7.4.5. China
      • 7.4.5.1. China Market Revenue, By Type, 2016 – 2028
      • 7.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 7.4.5.3. China Market Revenue, By End Users, 2016 – 2028
    • 7.4.6. Japan
      • 7.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
      • 7.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 7.4.6.3. Japan Market Revenue, By End Users, 2016 – 2028
    • 7.4.7. India
      • 7.4.7.1. India Market Revenue, By Type, 2016 – 2028
      • 7.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 7.4.7.3. India Market Revenue, By End Users, 2016 – 2028
    • 7.4.8. South Korea
      • 7.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
      • 7.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 7.4.8.3. South Korea Market Revenue, By End Users, 2016 – 2028
    • 7.4.9. South-East Asia
      • 7.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
      • 7.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 7.4.9.3. South-East Asia Market Revenue, By End Users, 2016 – 2028
    • 7.4.10. Rest of Asia Pacific
      • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.10.3. Rest of Asia Pacific Market Revenue, By End Users, 2016 – 2028
  • 7.5. Latin America
    • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.5.2. Latin America Market Revenue, By Type, 2016 – 2028
    • 7.5.3. Latin America Market Revenue, By Application, 2016 – 2028
    • 7.5.4. Latin America Market Revenue, By End Users, 2016 – 2028
    • 7.5.5. Brazil
      • 7.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
      • 7.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 7.5.5.3. Brazil Market Revenue, By End Users, 2016 – 2028
    • 7.5.6. Argentina
      • 7.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
      • 7.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 7.5.6.3. Argentina Market Revenue, By End Users, 2016 – 2028
    • 7.5.7. Rest of Latin America
      • 7.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
      • 7.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.7.3. Rest of Latin America Market Revenue, By End Users, 2016 – 2028
  • 7.6. The Middle-East and Africa
    • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 7.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
    • 7.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
    • 7.6.4. The Middle-East and Africa Market Revenue, By End Users, 2016 – 2028
    • 7.6.5. GCC Countries
      • 7.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
      • 7.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 7.6.5.3. GCC Countries Market Revenue, By End Users, 2016 – 2028
    • 7.6.6. South Africa
      • 7.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
      • 7.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.6.3. South Africa Market Revenue, By End Users, 2016 – 2028
    • 7.6.7. Rest of Middle-East Africa
      • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
      • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By End Users, 2016 – 2028
• Chapter No. 8 VCSEL Market – Industry Analysis
  • 8.1. Introduction
  • 8.2. Market Drivers
    • 8.2.1. Driving Factor 1 Analysis
    • 8.2.2. Driving Factor 2 Analysis
  • 8.3. Market Restraints
    • 8.3.1. Restraining Factor Analysis
  • 8.4. Market Opportunities
    • 8.4.1. Market Opportunity Analysis
  • 8.5. Porter’s Five Forces Analysis
  • 8.6. PEST Analysis
  • 8.7. Regulatory Landscape
  • 8.8. Technulogy Landscape
  • 8.9. Regional Market Trends
    • 8.9.1. North America
    • 8.9.2. Europe
    • 8.9.3. Asia Pacific
    • 8.9.4. Latin America
    • 8.9.5. The Middle-East and Africa
  • 8.10. Pricing Analysis
  • 8.11. Value Chain Analysis
  • 8.12. Downstream Buyers
  • 8.13. Distributors/Traders List
• Chapter No. 9 Competitive Landscape
  • 9.1. Company Market Share Analysis – 2019
    • 9.1.1. Global VCSEL Market: Company Market Share, 2019
    • 9.1.2. Global VCSEL Market, Company Market Revenue, 2016 – 2019 (USD Million)
    • 9.1.3. Global VCSEL Market, Company Y-o-Y Growth, 2017 – 2019 (%)
    • 9.1.4. Global VCSEL Market: Radar Determinant Chart, 2019
  • 9.2. Strategic Developments
    • 9.2.1. Acquisitions & Mergers
    • 9.2.2. New Product Launch
    • 9.2.3. Regional Expansion
  • 9.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 10 Company Profiles
  • 10.1. II-VI Incorporated
    • 10.1.1. Company Overview
    • 10.1.2. Key Executives
    • 10.1.3. Product Portfulio
    • 10.1.4. Financial Overview
    • 10.1.5. Operating Business Segments
    • 10.1.6. Business Performance
    • 10.1.7. Recent Developments
  • 10.2. Lumentum Operations LLC
  • 10.3. Hamamatsu Photonics K.K
  • 10.4. Vixar Inc (OSRAM AG)
  • 10.5. Philips Photonics (TRUMPF Group)
  • 10.6. ams
  • 10.7. Vertilite
  • 10.8. Coherent
  • 10.9. WIN Semiconductor
  • 10.10. TriLumina
  • 10.11. Santec
• Chapter No. 11 Marketing Strategy Analysis
  • 11.1. Marketing Channel
  • 11.2. Direct Marketing
  • 11.3. Indirect Marketing
  • 11.4. Marketing Channel Development Trends
  • 11.5. Economic/Pulitical Environmental Change
• Chapter No. 12 Research Methodulogy
  • 12.1. Research Methodulogy
  • 12.2. Phase I - Secondary Research
  • 12.3. Phase II - Data Modeling
    • 12.3.1. Company Share Analysis Model
    • 12.3.2. Revenue Based Modeling
  • 12.4. Phase III - Primary Research
  • 12.5. Research Limitations
    • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global VCSEL Market by Application market. Zion Research has collected and analyzed key data belong to the global VCSEL Market by Application market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of VCSEL Market by Application across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the VCSEL Market by Application industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

• Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
• Helps in validating and strengthening the secondary research findings
• Further, develops the analysis team’s expertise and market understanding
• Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

• Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
• Purchasing managers, technical personnel, distributors and resellers
• Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

• Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
• IDC and other relevant magazines
• Internal and external proprietary databases, and relevant patent and regulatory databases
• National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the VCSEL Market by Application market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

• Demographic data: Population split by segments
• Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
• Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
• Data is then cross-checked by an expert panel.

Free Analysis

VCSEL stands for vertical-cavity surface-emitting laser. VCSELs are the type of semiconductor lasers, more specifically laser diodes with a monolithic laser resonator in which the emitted light leaves the device in a direction perpendicular to the chip surface. The laser resonator is realized with the two semiconductors Bragg mirrors. Between those, there is an active region (gain structure) with (typically) several quantum wells and a total thickness of only a few micrometers.

The growth of VCSEL market is mainly attributed to growing number of data centers, advancement in automotive electronics and increasing demand from high-end applications such as gesture recognition and 3D imaging. In addition, technological developments enabling greater use of VCSEL in infrared illumination is expected to boost the VCSEL market in coming years. However, restriction to short-distance communication due to the limited range of VCSEL is expected to have the adverse impact on VCSEL market. Even so, emerging laser-assisted hard disk drive technology is likely to open new doors for the VCSEL market in near future.

Based on application, global VCSEL market is bifurcated into data communication, industrial heating, infrared illumination, pumping and sensing applications. Data communication was leading application segment of global VCSEL market and expected to maintain its dominance throughout the forecast period owing to the construction of new data centers for data analytics coupled with escalating cloud computing solutions. It accounted for over 57% of the share of the entire market in 2015. Sensing and infrared illumination are expected to experience significant growth in the year to come. Data centers, consumer electronics, automotive, industrial, healthcare, and others are the end user segment of VCSEL market. Data center and automotive end user segment are expected to be the most attractive end-user segment in the forecast period.

North America emerged as the dominating regional market for VCSEL in 2015 and predicted to maintain a steady growth rate throughout the forecast period. Rising number of data centers and growing automotive sector is expected to be the key factor driving the growth of VCSEL market in Asia Pacific. China is expected to held largest market share in Asia Pacific owing to rising application sector like sensing. Europe is expected to show significant growth and growth of this region is mainly attributed to rising use of VCSEL in consumer electronics.

Some of the key players in the VCSEL market are Avago Technologies, JDS Uniphase Corporation, Philips Photonics, Princeton Optronics, Inc., II-VI Incorporated, Vixar, Inc., and Ultra Communications, Inc. amongst others.