VCSEL Market by Type (le-mode VCSELSing and VCSELMultimode), by Application (Data Communications, Infrared Illumination, Sensing, Pumping, GPS, and Others) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

"Market Definition:
The Global VCSEL Market was estimated at USD 2.62 billion in 2019 and is anticipated to reach USD 12.79 billion by 2030 expanding at a CAGR of 15.5% during the forecast period, between 2020 and 2030. A vertical cavity surface emitting laser (VCSEL) is a type of semiconductor laser mostly used in the communication sector. It emits high power optical lasers from a vertical surface and operate within the wavelength of 850 nm to 1310 nm. It has a data transmission rate of 2.12-150 Gbps.
Market Dynamics and Trends
Increase in data communication, rise in the use of VCSEL in infrared illumination, and technological advancements are expected to boost the growth of VCSEL market during the forecast period. Additionally, wide application of VCSEL in the automotive electronics and consumer electronics are propelling the market. However, high cost and limited range of data transmission are expected to inhibit the VCSEL market during the forecast period.
Market Segmentations and Scope of the Study:
The global VCSEL market share is segmented on the basis of type, application, and geography. On the basis of type, the market is segmented into Single-mode VCSEL and Multimode VCSEL. Based on application, the market is classified as data communication, sensing, infrared illumination, pumping, GPS, and Others. Based on geography, the market is fragmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Geographical Analysis
North America is expected to hold major share of the market owing to the increase in the adoption of VCSEL in data communication. Furthermore, presence of advanced technology and rise in the demand for developed infrastructure, and increase in the demand for automotive and consumer electronics are further expected to fuel the VCSEL market in this region. The market in Asia Pacific is projected to grow during the forecast period owing to its wide application, increase in the demand for efficient communication, and increase in R&D activities.

Competitive Landscape

Key players in the global VCSEL market are 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 Sacher Lasertechnik GmbH .
In March 2018, Vixar introduced an integrated VCSEL/diffuser/photodiode product line. The product family encompasses a number of options, including 850nm/940nm wavelength, power levels from 0.3W to 4W, multiple ceramic package sizes from 1.9mm×2.2mm to 2.8mm×3.5mm, options with or without monitor diode, and a variety of diffuser designs.
KEY MARKET SEGMENTS:
Global VCSEL Market –

By Type

Single-Mode
Multimode
Global VCSEL Market –

By Application

Data Communications
Infrared Illumination
Sensing
Pumping
GPS
Others
Global VCSEL Market –By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
RoW
Latin America
Middle East
Africa
KEY PLAYERS
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.
Sacher Lasertechnik GmbH"