Vertical Cavity Surface Emitting Laser (VCSELs) Market: Snapshot
VCSEL stands for vertical cavity surface emitting lasers. There is a current demand for efficient, low-cost, and compact illumination systems, replacing traditional thermal imaging systems. VCSELs are used for infrared illuminations since they offer a host of advantages, including low cost, high reliability, efficiency, narrow emission spectrum, and a low diverging cylindrical beam. Infrared illuminators, in turn, find application in surveillance, imaging, covert operations, and detection in several end-use industries such as the military. This has had a considerable impact on the demand for VCSELs.
The global market for VCSELs was valued at US$775.2 mn in 2015 and is expected to reach US$4,728.8 mn by 2024, growing at an impressive CAGR of 22.3% during the forecast period.
Optical Fiber Data Transmission Accounts for Dominant Share by Application
By raw material, the global VCSELs market is segmented into indium phosphide (InP), gallium arsenide (GaAs), gallium nitride (GaN), and others materials such as InGaAsN and AlGaAs. Gallium arsenide (GaAs) wafer-based VCSELs held the dominant share in the market in 2015 due to their compatibility with cavities between 800nm and 900nm. This has enabled the raw material to gain significant demand in the optical communications market.
On the basis of application, the global VCSELs market is categorized into chip scale atomic clocks, biological tissue analysis, computer mice, laser printers, absorption spectroscopy, analog broadband signal transmission, optical fiber data transmission, and others. Optical fiber data transmission held the leading share in 2015 and is expected to expand at a steady pace during the forecasted period. This is can be attributed to a growing network bandwidth worldwide.
Investments by U.S. Government in VCSEL Development Driving North America Market
In 2015, Europe dominated the global VCSELs market, primarily due to the recovery of several European economies from the debt-crisis. Countries in the region have been showing signs of recovery and as the euro strengthens, many manufacturers are renewing their production. This has provided the VCSELs market a vital boost.
The VCSELs market in North America has grown significantly over the years. The major trend that has supported this growth is heavy investments by the U.S. government in new VCSEL defense developments. Another factor driving the market in North America is the research undertaken by universities in this region to develop more efficient and stable laser diodes. The presence of many global semiconductor companies specializing in laser diodes has also benefited this market.
Asia Pacific is estimated to be a significantly attractive market for VCSELs manufacturers mainly because of the large-scale industrialization in this part of the world. Large companies are often inclined to opening subsidiaries or branches in emerging economies such as India in order to take advantage of cheap labor. The rapid growth of industrial automation in Asia is another factor boosting the demand for VCSELs in this region. The increasing demand for computers, LED displays, and communication devices in developing APAC countries is likely to lend a boost to the VCSELs market.
Key players in the VCSELs market include IQE Public Limited Company (United Kingdom), Finisar Corporation (United States), Broadcom Limited (Singapore), II-VI Incorporated (United States), Coherent, Inc. (United States), Panasonic Corporation (Japan), Newport Corporation (United States), Royal Philips Electronics N.V (Netherlands), Princeton Optronics Inc (United States), and Lumentum Holdings, Inc. (United States).
Rise in Utilization of Optical Communications Spurs Growth of Vertical Cavity Surface Emitting Laser (VCSELs) Market
Vertical cavity surface emitting laser (VCSELs) are a type of semiconducting laser diode that are extensively used in optical communication with the objective of preventing the loss of transmission. They are distinct from several other types of diodes, a key aspect from which stems use in numerous applications for products in the VCSELs market. They are characterized by the emission of optical beam vertical to their top surface that is also semiconductor wafer surface. Thus, VSCELs are known for their long-term reliability and stability, and high power output, and can be used to generate symmetrical laser beam for various high-end semiconductor applications. The low cost of fabrication is another key characteristic that is driving the demand for VSCELs in various optical fiber applications. Over the years, the valuation of the market has grown from their application in both short-range and long-range communication lines based on optical communications. Another key trend in the VCSELs market is for gas sensing applications. Their adoption has thrived on the back of the growing use of MEMS in the oil and gas sensor applications. However, one limitation may inhibit the application. VCSELs are effective in detecting only a single type of gas at one time.
The COVID-19 pandemic and the several outbreaks across the world has made both short-term and long-term implications on businesses across various consumer markets. The VCSELs market also witnessed a temporary slump in demand from the slowing down of operations in the end-use industries. Nevertheless, in recent months, the demand for low-cost IT and communication technologies has emerged remarkably in numerous developing and developed economies, bolstering the application of VCSELs. Further, rise in demand for oil and gas production has propelled the demand for gas sensing devices that use VCSELs. Further, in coming years, with growing support of governments in boosting the economic growth, the market will also see new avenues.
Chapter 1 Preface
1.1 Report Scope
1.2 Market Segmentation
1.3 Research Scope
1.4 Research Objectives
1.5 Key Questions Answered
Chapter 2 Assumption and Research Methodology
2.1 Report Assumptions
2.2 Acronyms Used
Chapter 3 Executive Summary
3.1 Global VCSELs Market Snapshot
Chapter 4 Market Dynamics
4.1 Overview
4.2 Key Trends Analysis
4.3 Drivers and Restraints Snapshot Analysis
4.4 Drivers
4.5 Restrains
4.6 Oppurtunity Analysis
4.7 Company Market Share Analysis
4.8 Competitive Strategies Adopted By Major Players
4.9 Supply Chain Analysis
Chapter 5 VCSEL Market Analysis, by Raw Materials
5.1 Introduction
5.1.1 Global VCSEL Market Value Share Analysis, by Raw Materials
5.1.2 Global VCSEL Market Revenue and Forecast, By Raw Materials
5.2 Gallium Arsenide (GaAs)
5.3 Gallium Nitride (GaN)
5.4 Indium Phosphide (InP)
5.5 Others (AlGaAs, InGaAsN, etc.)
Chapter 6 VCSEL Market Analysis, by Application
6.1 Introduction
6.1.1 Global VCSEL Market Value Share Analysis, by Application
6.1.2 Global VCSEL Market Revenue and Forecast, By Application
6.2 Optical fiber data transmission
6.3 Analog broadband signal transmission
6.4 Absorption Spectroscopy
6.5 Laser Printers
6.6 Computer mice
6.7 Biological tissue analysis
6.8 Chip scale atomic clocks
6.9 Other applications
Chapter 7 VCSEL Market Analysis, by Region
7.1 North America
7.2 Europe
7.3 Asia Pacific
7.4 Rest of the World (RoW)
7.5 Geographical Scenario
7.6 VCSEL Market Value Share Analysis, by Region
7.7 VCSEL Market Revenue and Forecast, by Region
Chapter 8 North America VCSEL Market Analysis
8.1 North America VCSEL Market Value Share Analysis, by Raw Materials
8.2 North America VCSEL Market Revenue and Forecast, by Raw Materials
8.3 North America VCSEL Market Value Share Analysis, by Applications
8.4 North America VCSEL Market Revenue and Forecast, by Applications
8.5 North America VCSEL Market Value Share Analysis, by Country Type
8.6 North America VCSEL Market Revenue and Forecast, by Country Type
8.7 U.S. VCSEL Market Analysis
8.8 Canada. VCSEL Market Analysis
8.9 Mexico VCSEL Market Analysis
Chapter 9 Europe VCSEL Market Analysis
9.1 Europe VCSEL Market Value Share Analysis, by Raw Materials
9.2 Europe VCSEL Market Revenue and Forecast, by Raw Materials
9.3 Europe VCSEL Market Value Share Analysis, by Applications
9.4 Europe VCSEL Market Revenue and Forecast, by Applications
9.5 Europe VCSEL Market Value Share Analysis, by Country Type
9.6 Europe VCSEL Market Revenue and Forecast, by Country Type
9.7 U.K. VCSEL Market Analysis
9.8 Germany VCSEL Market Analysis
9.9 France VCSEL Market Analysis
9.10 Italy VCSEL Market Analysis
9.11 Rest of Europe VCSEL Market Analysis
Chapter 10 Asia Pacific VCSEL Market Analysis
10.1 Asia Pacific VCSEL Market Value Share Analysis, by Raw Materials
10.2 Asia Pacific VCSEL Market Revenue and Forecast, by Raw Materials
10.3 Asia Pacific VCSEL Market Value Share Analysis, by Applications
10.4 Asia Pacific VCSEL Market Revenue and Forecast, by Applications
10.5 Asia Pacific VCSEL Market Value Share Analysis, by Country Type
10.6 Asia Pacific VCSEL Market Revenue and Forecast, by Country Type
10.7 China. VCSEL Market Analysis
10.8 India VCSEL Market Analysis
10.9 Japan VCSEL Market Analysis
10.10 Rest of Asia Pacific VCSEL Market Analysis
Chapter 11 Rest of the World (RoW) VCSEL Market Analysis
11.1 Rest of the World (RoW) VCSEL Market Value Share Analysis, by Raw Materials
11.2 Rest of the World (RoW) VCSEL Market Revenue and Forecast, by Raw Materials
11.3 Rest of the World (RoW) VCSEL Market Value Share Analysis, by Applications
11.4 Rest of the World (RoW) VCSEL Market Revenue and Forecast, by Applications
11.5 Rest of the World (RoW) VCSEL Market Value Share Analysis, by Country Type
11.6 Rest of the World (RoW) VCSEL Market Revenue and Forecast, by Country Type
11.7 South America. VCSEL Market Analysis
11.8 Middle East VCSEL Market Analysis
11.9 Africa VCSEL Market Analysis
Chapter 12 Company Profiles
12.1 IQE Public Limited Company
12.1.1. Company Details
12.1.2. Company Description
12.1.3 Business Overvie
12.1.4. Recent Developments
12.1.5. Breakdown of Net Sales by Region
12.1.6. Revenue
12.1.7.Strategic Overview
12.2 Finisar Corporation
12.2.1. Company Details
12.2.2. Company Description
12.2.3 Business Overvie
12.2.4. Recent Developments
12.2.5. Breakdown of Net Sales by Region
12.2.6. Revenue
12.2.7.Strategic Overview
12.3 Broadcom Limited
12.3.1. Company Details
12.3.2. Company Description
12.3.3 Business Overvie
12.3.4. Recent Developments
12.3.5. Breakdown of Net Sales by Region
12.3.6. Revenue
12.3.7.Strategic Overview
12.4 II-VI Incorporated
12.4.1. Company Details
12.4.2. Company Description
12.4.3 Business Overvie
12.4.4. Recent Developments
12.4.5. Breakdown of Net Sales by Region
12.4.6. Revenue
12.4.7.Strategic Overview
12.5 Coherent, Inc.
12.5.1. Company Details
12.5.2. Company Description
12.5.3 Business Overvie
12.5.4. Recent Developments
12.5.5. Breakdown of Net Sales by Region
12.5.6. Revenue
12.5.7.Strategic Overview
12.6 Panasonic Corporation
12.6.1. Company Details
12.6.2. Company Description
12.6.3 Business Overvie
12.6.4. Recent Developments
12.6.5. Breakdown of Net Sales by Region
12.6.6. Revenue
12.6.7 Strategic Overview
12.7 Newport Corporation
12.7.1. Company Details
12.7.2. Company Description
12.7.3 Business Overvie
12.7.4. Recent Developments
12.7.5. Breakdown of Net Sales by Region
12.7.6. Revenue
12.7.7 Strategic Overview
12.8 Royal Philips Electronics N.V.
12.8.1. Company Details
12.8.2. Company Description
12.8.3 Business Overvie
12.8.4. Recent Developments
12.8.5. Breakdown of Net Sales by Region
12.8.6. Revenue
12.8.7 Strategic Overview
12.9 Princeton Optronics, Inc
12.9.1. Company Details
12.9.2. Company Description
12.9.3 Business Overvie
12.9.4. Recent Developments
12.9.5. Breakdown of Net Sales by Region
12.9.6. Revenue
12.9.7 Strategic Overview
12.10 Lumentum Holdings, Inc.
12.10.1 Company Details
12.10.2 Company Description
12.10.3 Business Overvie
12.10.4 Recent Developments
12.10.5 Breakdown of Net Sales by Region
12.10.6 Revenue
12.10.7 Strategic Overview
List of Tables
TABLE 1 Global VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials, 2015–2024
TABLE 2 Global VCSEL Market Revenue (US$ Mn) and Forecast, By Applications, 2015–2024
TABLE 3 Global VCSEL Market Revenue (US$ Mn) and Forecast, by Region, 2014–2024
TABLE 4 North America VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials, 2015–2024
TABLE 5 North America VCSEL Market Revenue (US$ Mn) and Forecast, By Applications, 2015–2024
TABLE 6 North America VCSEL Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 7 Europe VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials , 2015–2024
TABLE 8 Europe VCSEL Market Revenue (US$ Mn) and Forecast, By Applications, 2015–2024
TABLE 9 Europe VCSEL Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 10 Asia Pacific VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials, 2015–2024
TABLE 11 Asia Pacific VCSEL Market Revenue (US$ Mn) and Forecast, By Applications, 2015–2024
TABLE 12 Asia Pacific VCSEL Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 13 Rest of the World (RoW) VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials, 2015–2024
TABLE 14 Rest of the World (RoW) VCSEL Market Revenue (US$ Mn) and Forecast, By Material Type, 2015–2024
TABLE 15 Rest of the World (RoW) VCSEL Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
List of Figures
FIG. 1 Research Methodology
FIG. 2 Executive Summary - Market Snapshot
FIG. 3 Executive Summary - Key trends, Drivers, and Restraints
FIG. 4 Executive Summary
FIG. 5 Drivers and Restraints Snapshot Analysis
FIG. 6 Opportunity Analysis
FIG. 7 VCSEL Market Share Analysis By Company (2015)
FIG. 8 Supply Chain Analysis
FIG. 9 VCSEL Market Analysis By Raw Material - Introduction
FIG. 10 Global VCSEL Market Value Share Analysis By Raw Material, 2015 and 2024
FIG. 11 Global Gallium Nitride (GaN) Market Revenue (US$ Mn), 2015 – 2024
FIG. 12 Global Gallium Arsenide (GaAs) Market Revenue (US$ Mn), 2015 – 2024
FIG. 13 Global Indium Phosphide Market Revenue (US$ Mn), 2015 – 2024
FIG. 14 Global Other VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 15 VCSEL Market Analysis By Applications - Introduction
FIG. 16 VCSEL Market Analysis By Applications - Introduction (Continued)
FIG. 17 Global VCSEL Market Value Share Analysis By Applications, 2015 and 2024
FIG. 18 Global Optical fiber data transmission Market Revenue (US$ Mn), 2015 – 2024
FIG. 19 Global Analog broadband signal transmission Market Revenue (US$ Mn), 2015 – 2024
FIG. 20 Global Absorption Spectroscopy Market Revenue (US$ Mn), 2015 – 2024
FIG. 21 Global Laser Printers Market Revenue (US$ Mn), 2015 – 2024
FIG. 22 Global Computer Mice Market Revenue (US$ Mn), 2015 – 2024
FIG. 23 Global Biological Tissue Analysis Market Revenue (US$ Mn), 2015 – 2024
FIG. 24 Global Chip Scale Atomic Clocks Market Revenue (US$ Mn), 2015 – 2024
FIG. 25 Global Other Applications Market Revenue (US$ Mn), 2015 – 2024
FIG. 26 VCSEL Market Analysis, by Region – Geographical Scenario
FIG. 27 Global VCSEL Market Value Share Analysis, by Region, 2016 and 2024
FIG. 28 North America VCSEL Market Value Share Analysis By Raw Materials, 2015 and 2024
FIG. 29 North America VCSEL Market Value Share Analysis By Applications, 2015 and 2024
FIG. 30 North America Market Value Share Analysis By Country, 2015 and 2024
FIG. 31 Europe VCSEL Market Analysis By Country
FIG. 32 U.S. VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 33 Canada VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 34 Mexico VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 35 Europe VCSEL Market Value Share Analysis By Raw Materials, 2015 and 2024
FIG. 36 Europe VCSEL Market Value Share Analysis By Applications, 2015 and 2024
FIG. 37 Rest of the World (RoW) VCSEL Market Value Share Analysis, By Raw Materials
FIG. 38 Europe VCSEL Market Value Share Analysis By Country, 2015 and 2024
FIG. 39 Germany VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 40 U.K. VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 41 France VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 42 Italy VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 43 Rest of Europe VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 44 Asia Pacific VCSEL Market Value Share Analysis By Raw materials, 2015 and 2024
FIG. 45 Asia Pacific VCSEL Market Value Share Analysis By Applications, 2015 and 2024
FIG. 46 Asia Pacific VCSEL Market Value Share Analysis By Country, 2015 and 2024
FIG. 47 China VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 48 India VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 49 Japan VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 50 Rest of Asia Pacific VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 51 Rest of the World (RoW) VCSEL Market Value Share Analysis By Raw Materials, 2015 and 2024
FIG. 52 Rest of the World (RoW) VCSEL Market Value Share Analysis By Material Type, 2015 and 2024
FIG. 52 Rest of the World (RoW) VCSEL Market Value Share Analysis By Country, 2015 and 2024
FIG. 53 South America VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 54 Middle East VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 55 Africa VCSEL Market Revenue (US$ Mn), 2015 – 2024
Copyright © Transparency Market Research, Inc. All Rights reserved
Trust Online
Vertical Cavity Surface Emitting Laser (VCSELs) Market
