The Vertical Cavity Surface Emitting Laser (VCSEL) is a technology has great value in the optical communications field. VCSEL itself has become its own field, with a seemingly unending realm of possibilities and variations of the technology. The tunable VCSEL structure is referred as cantilever-VCSEL (c-VCSEL) due to the additional structure added to the typical VCSEL. VCSELs are an essential part of technology today. The many advancements that VCSEL technology has made in just a few short decades have brought them fully into commercialization and into many of the products that are being bought every day.
Increasing demand from high-end applications such as gesture recognition and 3D imaging, growing number of data centers and advancement in automotive electronics are some majors factors expected to contribute towards the growth of VCSEL market in near future. Moreover, technological developments enabling greater use of VCSEL in infrared illumination hints significant growth of VCSEL market in the year to come.On a contrary, restriction to short-distance communication due to the limited range of VCSEL is expected to hamper VCSEL market growth. Even so, emerging laser-assisted hard disk drive technology is expected to present lots of alluring opportunities for the VCSEL market.
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The report covers forecast and analysis for the VCSEL market on a global and regional level. The report also offers provides past data of 2015 with a prediction from 2016 to 2021 based on revenue (USD Million). To understand the competitive position of the market, an analysis of Porter’s Five Forces model for the VCSEL market has also been incorporated in the study. The report also analyzes several driving and restraining factors and their impact on the VCSEL market within the forecast period. The study encompasses a market attractiveness analysis, wherein the application and end-user segment are marked based on their growth rate, their market size, and general attractiveness.
The report provides detailed segmentation of VCSEL market based on application, end users, and regions. Based on the different application of VCSEL technology, the global VCSEL market is categorized into industrial heating, infrared illumination, data communication, pumping and sensing applications. Data communication emerged as leading application segment of the global VCSEL market in term of demand in 2015 and acquired over 57% of the share of the entire market in the same year. Consumer electronics, automotive, industrial, data centers, healthcare, and others are the end user segment of VCSEL market. Data center and automotive end user segment are expected to be the most lucrative end-user segment in the years to come.
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North America emerged as the dominating regional market for VCSEL in 2015 and expected to maintain a steady growth rate throughout the estimated period. Increasing number of data centers paired with growing automotive sector is expected to be the key factor driving the growth of VCSEL market in Asia Pacific. China is expected to hold largest market share in Asia Pacific due to rising application sector like sensing. Europe is expected to show remarkable growth and growth of this region is largely attributed to rising use of VCSEL in consumer electronics.
Some of the key players in the VCSEL market are Ultra Communications, Inc., Princeton Optronics, Inc., II-VI Incorporated, Vixar, Inc., Avago Technologies, JDS Uniphase Corporation and Philips Photonics among others.