The Global VCSEL Market is expected to grow at a CAGR of 11.5% during the forecast period of 2021-2030

The transition towards connected/autonomous vehicles along with increasing demand for consumer electronics and fast wireless connectivity are expected to drive the growth of the global VCSEL market.

The Global VCSEL Market is expected to grow at a CAGR of 11.5 % from 2021-2030, according to a new research report by Next Move Strategy Consulting.

A vertical cavity surface emitting laser (VCSEL) is a type of semiconductor laser mostly used in the communication sector. It emits high quality optical lasers in a direction perpendicular to the substrate and operate within the wavelength of 850 nm to 1310 nm. It has data transmission rate ranging from 2.12 Gbps to 150 Gbps. Increased demand for data communication, growing use of VCSEL in infrared illumination, and technological advancements are expected to boost the growth of VCSEL market during the forecast period. Additionally, wide adoption of VCSELs in the automotive and consumer electronics are contributing to the growth of the market. However, high cost, low power output and limited data transmission range are expected to inhibit the VCSEL market during the forecast period.

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).

North America holds the largest market share in the VCSEL market, followed by Europe. This is attributed to the growth in data communication industry. Also, technological innovation, increasing emphasis towards enterprise mobility, and rising demand for automotive and consumer electronics are further expected to fuel the VCSEL market in this region. However, Asia-Pacific is expected to witness a steady growth rate during the forecast period owing to lucrative opportunities offered by countries such as China, Japan, India, South Korea, and Singapore among others.  Also, growth in cloud deployment by small and mid-sized companies and increasing R&D activities are expected to drive the VCSEL market in this region.

Browse Key Industry Insights from the Report, “VCSEL Market by Type (Single-Mode and Multimode VCSEL), and by Application (Data Communications, Infrared Illumination, Sensing, Pumping, GPS, and Others) - Global Opportunity Analysis and Industry Forecast, 2021 – 2030

According to the report, the major key players in the global VCSEL market are II-VI Incorporated, Broadcom, Finisar Corporation, IQE PLC, Koninklijke Philips N.V., Princeton Optronics, Ultra Communications, Vertilas GMBH, Viavi Solutions Inc., and Vixar Inc. 

KEY INSIGHTS:

  • The study comprises analytical depiction of the global VCSEL market with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.

The report VCSEL market – is segmented by type, application, and geography.

Get a Free Sample on the VCSEL Market Report.

About Next Move Strategy Consulting

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

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