VCSEL Market is expected to grow at a CAGR of 11.5% by 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).
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.
- 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.