The Global VCSEL Market size is estimated to be USD 2.62 billion in 2019 and is predicted to reach USD 12.79 billion by 2030 with a CAGR of 15.5% from 2020-2030.
VCSEL is a vertical cavity surface emitting laser which is type of semiconductor lasers and are mostly used in communication sectors but it has a wide applications. These VCSEL emits high power optical laser from the vertical surface and operates within the wavelength of 850 nm to 1310 nm and it has a data transmission rate of 2.12-150 Gbps.
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Top Companies: Alight Technologies APS, Sumitomo Electric Industries Ltd, Panasonic Corporation, Finisar Corporation, ams AG, Philips Photonics (TRUMPF Group), Frankfurt Laser Company, II-VI Laser Enterprise GmbH, Coherent Inc., Broadcom Inc., Vertilas GmbH, OSRAM Opto Semiconductors GmbH, Lumentum Operations LLC (Lumentum Holdings Inc.), PD-LD Inc and others.
The global VCSEL market share is analyzed on the basis of type, application, material, end user, and geography. On the basis of type, the market is segmented into le-mode VCSELSing and VCSELMultimode. On the basis of materials, the market is divided into GaAs, InP, GaN, and Others. On the basis of application, the market is segmented into Data Communication, Sensing, Infrared Illumination, Pumping, Industrial Heating, and Emerging Applications. On the basis of end user, the market is segmented into Data Center, Consumer Electronics, Automotive, Industrial, Healthcare, and Military. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is expected to denote the largest market share owing to the increased adoption of VCSEL in data communication. Furthermore, presence of advanced technology coupled with increased demand of developed infrastructure and increase in automotive and consumer electronics are further expected to fuel the growth of VCSEL market over the forecast period. Asia Pacific is expected to show tremendous growth over the forecast period owing to the wide application increased demand of automation and efficient communication coupled with increase in research and development activities innovation are anticipated to propel the market growth.
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