VCSEL Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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VCSEL Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest

Global VCSEL Market: Overview 

Vertical cavity surface emitting laser (VCSEL) refers to a specialized laser diode that is envisaged to transform fiber optic communications in terms of improved efficiency and increased data speed. 

VCSELs offer several advantages over older edge-emitting diodes. This includes their low manufacturing cost, easier testing, and higher efficiency. In addition, VCSELs require low electrical current to generate a desired coherent energy output. VCSELs emit a narrow nearly circular beam than what traditional edge-emitting diodes deliver, which makes it easier to transfer energy from a device to an optical fiber. 

Global VCSEL Market: Key Trends 

VCSELs are used across a wide range of applications due to their advantages of compact size, low power requirements, high reliability, and low manufacturing costs. This, along with the rising use of electrical systems in automobiles is fuelling the growth of the global VCSEL market. 

VCSELs are extensively used in medical applications and proximity sensing due to their high-power efficiency and additional capabilities of low diversion, low heat, high beam light, and greater accuracy. 

VCSEL are used across several end users such as consumer electronics, automotive, data center, industrial, and healthcare. Low manufacturing cost and high reliability of VCSEL have led to their increased use in consumer electronics. However, the data center segment stood as the leading segment in the recent past due to surging high data transfer rates leading to the greater use of VCSELs. 

Multimode VCSELs are expected to be the leading product segment in the near future due to several offerings. Multimode VCSELs offer better modulation and high speed, which makes them preferable over single-mode VCSELs. Multimode VCSELs are used in data communication and 3D imaging applications. On the other hand, single-mode VCSELs are mainly used in sensing applications such as bar code, printing, and others. 

The limitation pertaining to data transmission range is one of the major drawbacks of VCSELs. While the attenuation is elevated in multimode fiber the signal degrades as the distance increases. As a result, transmission of data becomes difficult over a certain distance due to weak signal strength. These factors are challenging the growth of the VCSEL market. 

However, development of advanced lasers is underway to increase transmission range using VCSELs, which would augment their implementation for applications. 

Global VCSEL Market: Market Potential

Mergers and acquisitions and strategic partnerships are key growth strategies that top companies in the market are focused on. In a recent industry development, Austrian semiconductor manufacturer ams has completed discussions to acquire U.S. –based Princeton Optronics Inc. The latter designs and develops high-power VCSELs in both single and multimode and also VCSEL arrays for consumer electronics, automotive, and industrial applications. 

Global VCSEL Market: Regional Outlook 

North America has been the leading market for VSCEL over the past few years. The presence of some of the leading companies has been the major factor for the dynamic growth of the region. 

Asia Pacific is expected to display significant growth in the VCSEL market in the near future. The increasing per capita income and increasing affordability for premium automobiles are indirectly driving the growth of the VCSEL market. Countries such as India, China, and Singapore are contributing to the VCSEL market owing to the modernization of infrastructure and support from respective governments. These factors are collectively aiding the growth of the APAC VCSEL market. 

Global VSCEL Market: Competitive Landscape 

Some top players in the global VSCEL market are Broadcom Limited, Lumentum Holdings Inc., II-VI Incorporated, Vertilas GmbH, Vixar Inc., Finisar Corporation, Royal Philips Electronics N.V., IQE PLC, Princeton Optronics Inc., and Santec Corporation.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.