VCSEL Market by Material (GaAs, InP, GaN), Type (Single Mode and Multimode), Application (Data Communication, Sensing, IR Illumination, Pumping, Industrial Heating, and Emerging Applications), End User, and Geography - Global Forecast to 2023

  • ID: 4602337
  • Report
  • Region: Global
  • 138 Pages
  • Markets and Markets
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The VCSEL Market is Expected to Reach USD 3.89 Billion by 2023 From USD 1.78 Billion in 2018, at a CAGR Of 16.9% From 2018 to 2023.

FEATURED COMPANIES

  • Agiltron
  • Broadcom
  • II-VI
  • Litrax Technology Co.
  • Newport
  • TT Electronics
  • MORE

Rising adoption of VCSELs in proximity sensing and medical applications acts as a major driving factor for VCSEL market

The VCSEL market is expected to reach USD 3.89 billion by 2023 from USD 1.78 billion in 2018, at a CAGR of 16.9% from 2018 to 2023. This growth can be attributed to the rising adoption of VCSELs in proximity sensing and medical applications, increasing use of VCSELs for data communication, growing usage of VCSELs in infrared illumination, and surge in demand for VCSELs with advancements in automotive electronics. However, limited data transmission range restricts the growth of the VCSEL market.

VCSEL market for emerging applications to grow at highest CAGR during forecast period

The market for emerging applications is expected to grow at the highest CAGR during the forecast period. VCSELs are being widely used in emerging applications such as LiDAR, night vision, atomic clock, GPS, magnetometer, and display. Presently, this market is in the nascent stage, but it is expected to witness high growth in the coming years owing to the use of VCSELs for high-quality vision and obstacle detection, among others.

Data center held largest share of VCSEL market in 2017

Data center accounted for the largest share of the VCSEL market, by end user, in 2017. Data centers largely use 850nm-emitting VCSELs, especially for applications wherein the size of the data transmitted over a network is extremely large. In data centers, high data transfer rates are extremely important as they allow fast transmission of data for processing and obtaining results. As the adoption of data analytics is increasing in businesses across the world to improve decision-making capabilities, demand for VCSELs in data centers is further expected to rise during the forecast period.

Americas was the largest shareholder in 2017, whereas APAC would register highest CAGR during forecast period

The Americas accounted for a major share of the overall VCSEL market in 2017. The Americas is the largest market for VCSELs due to the demand for these devices from technology giants such as Facebook (US), Google (US), Apple (US), and Amazon (US). Moreover, the growing emphasis of businesses on the use of cloud infrastructure has contributed to the increasing demand for VCSEL-based optical transceivers in the Americas.

The VCSEL market is expected to grow at the highest CAGR in APAC from 2018 to 2023. This growth can be attributed to the rising number of data centers and increasing demand for consumer electronic devices and premium automobiles. APAC countries such as China, India, Singapore, and Indonesia are emerging as hubs for data centers owing to advancements in basic telecom infrastructure and encouragement from respective governments.

The breakup of primaries conducted during the study is depicted below:

  • By Company Type: Tier 1 = 55%, Tier 2 = 20%, and Tier 3 = 25%
  • By Designation: C-Level Executives = 75% and Directors = 25%
  • By Region: Americas = 10%, Europe = 20%, APAC = 40%, and RoW = 30%

Some major players in the VCSEL market include Finisar (US), Lumentum (US), Broadcom (US), Philips Photonics (Germany), II-VI (US), IQE (UK), AMS Technologies (Germany), Vixar (US), Santec (Japan), VERTILAS (Germany), Agiltron (US), Alight Technologies (Denmark), Ultra Communications (US), Laser Components (Germany), Litrax Technology (Taiwan), Coherent (US), TT Electronics (UK), Newport (US), NeoPhotonics (US), and Necsel Intellectual Property (PD-LD) (US).

Factors such as technological advancements in the consumer electronics sector and the evolution of laser-based hard disc drive technology are expected to generate opportunities for players in the VCSEL market.

Research Coverage

  • Illustrative segmentation, analysis, and forecast for the market based on material, type, application, end user, and geography have been conducted to offer an overall view of the VCSEL market.
  • Major drivers, restraints, opportunities, and challenges pertaining to the VCSEL market have been detailed in the report.
  • Opportunities in the market have been defined for stakeholders, along with the details of the competitive landscape for market leaders.
  • Strategic profiling of key players in the VCSEL market has been done; players have been ranked; and core competencies have been comprehensively analyzed.

Reasons to Buy This Report

The report would help leaders/new entrants in the VCSEL market in the following ways:

1. This report segments the VCSEL market comprehensively and provides the closest market size estimations for segments across regions.

2. The report would help stakeholders understand the pulse of the market and provide them information on key drivers, restraints, challenges, and opportunities governing market growth.

3. This report would help stakeholders understand their competitors better and gain insights to improve their position in the business. The competitive landscape section includes the competitor ecosystem, and growth strategies such as product launches, acquisitions, expansions, partnerships, and collaborations.

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FEATURED COMPANIES

  • Agiltron
  • Broadcom
  • II-VI
  • Litrax Technology Co.
  • Newport
  • TT Electronics
  • MORE

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.4 Years Considered for This Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.3 Primary Interviews With Experts
2.1.3.1 Key Data From Primary Sources
2.1.3.2 Key Industry Insights
2.1.4 Breakdown of Primaries
2.1.5 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Arriving at Market Size By Top-Down Analysis (Supply Side)
2.3 Market Player Share Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for VCSEL Market Growth
4.2 VCSEL Market, By Material
4.3 VCSEL Market in APAC, By Application and Country
4.4 VCSEL Market, By End User
4.5 VCSEL Market, By Region
4.6 Country-Wise Analysis of VCSEL Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Adoption in Proximity Sensing and Medical Applications
5.2.1.2 Increasing Use of VCSELs for Data Communication
5.2.1.3 Growing Usage of VCSELs in Infrared Illumination
5.2.1.4 Surge in Demand for VCSELs With Advancements in Automotive Electronics
5.2.2 Restraints
5.2.2.1 Limited Data Transmission Range
5.2.3 Opportunities
5.2.3.1 Technological Advancements in Consumer Electronics Sector
5.2.3.2 Evolution of Laser-Based Hard Disc Drive Technology
5.2.4 Challenges
5.2.4.1 to Overthrow the Limitations of Gallium Nitride Restricting the Performance of VCSELs
5.3 Value Chain Analysis

6 VCSEL Market, By Material
6.1 Introduction
6.2 Gallium Arsenide (GAAS)
6.3 Indium Phosphide (INP)
6.4 Gallium Nitride (GAN)
6.5 Others

7 VCSEL Market, By Type
7.1 Introduction
7.2 Single Mode
7.3 Multimode

8 VCSEL Market, By Application
8.1 Introduction
8.2 Data Communication
8.3 Sensing
8.3.1 Optical Sensor
8.3.1.1 Reflective Sensor
8.3.1.2 Scattering Sensor
8.3.2 Interference Sensor
8.4 Infrared Illumination
8.4.1 Camera
8.4.1.1 3D Camera
8.4.1.2 Security and Surveillance Camera
8.5 Pumping
8.6 Industrial Heating
8.7 Emerging Applications
8.7.1 Display
8.7.2 High-Power Applications
8.7.2.1 LiDAR
8.7.2.2 Night Vision
8.7.3 Atomic Clock
8.7.4 GPS
8.7.5 Magnetometer

9 VCSEL Market, By End User
9.1 Introduction
9.2 Data Center
9.3 Consumer Electronics
9.4 Automotive
9.5 Industrial
9.6 Healthcare
9.7 Military

10 VCSEL Market, By Region
10.1 Introduction
10.2 Americas
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.2.4 South America
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Netherlands
10.3.5 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 Rest of the World
10.5.1 Middle East
10.5.2 Africa

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 Product Launches
11.3.2 Acquisitions and Expansions
11.3.3 Collaborations and Partnerships

12 Company Profiles
12.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2 Key Players
12.2.1 Finisar
12.2.2 Lumentum
12.2.3 Broadcom
12.2.4 Philips Photonics
12.2.5 II-VI
12.2.6 IQE
12.2.7 AMS Technologies
12.2.8 Vixar
12.2.9 Santec
12.2.10 Vertilas
12.3 Other Key Players
12.3.1 Coherent
12.3.2 TT Electronics
12.3.3 Newport
12.3.4 Neophotonics
12.3.5 Necsel Intellectual Property
12.4 Key Innovators
12.4.1 Agiltron
12.4.2 Alight Technologies
12.4.3 Ultra Communications
12.4.4 Laser Components
12.4.5 Litrax Technology Co.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details

List of Tables (68 Tables)
Table 1 VCSEL Market, By Material, 2015–2023 (USD Million)
Table 2 VCSEL Market, By Type, 2015–2023 (USD Million)
Table 3 VCSEL Market, By Type, 2015–2023 (Million Units)
Table 4 Single-Mode VCSEL Market, By Application, 2015–2023 (USD Million)
Table 5 Multimode VCSEL Market, By Application, 2015–2023 (USD Million)
Table 6 VCSEL Market, By Application, 2015–2023 (USD Million)
Table 7 VCSEL Market, By Application, 2015–2023 (Million Units)
Table 8 VCSEL Market for Data Communication, By Type, 2015–2023 (USD Million)
Table 9 VCSEL Market for Data Communication, By Region, 2015–2023 (USD Million)
Table 10 VCSEL Market for Data Communication, By Region, 2015–2023 (Thousand Units)
Table 11 VCSEL Market for Sensing, By Type, 2015–2023 (USD Million)
Table 12 VCSEL Market for Sensing, By Region, 2015–2023 (USD Million)
Table 13 VCSEL Market for Sensing, By Region, 2015–2023 (Thousand Units)
Table 14 VCSEL Market for Infrared Illumination, By Type, 2015–2023 (USD Million)
Table 15 VCSEL Market for Infrared Illumination, By Region,2015–2023 (USD Million)
Table 16 VCSEL Market for Infrared Illumination, By Region, 2015–2023 (Thousand Units)
Table 17 VCSEL Market for Pumping, By Type, 2015–2023 (USD Million)
Table 18 VCSEL Market for Pumping, By Region, 2015–2023 (USD Million)
Table 19 VCSEL Market for Pumping, By Region, 2015–2023 (Thousand Units)
Table 20 VCSEL Market for Industrial Heating, By Type, 2015–2023 (USD Million)
Table 21 VCSEL Market for Industrial Heating, By Region, 2015–2023 (USD Million)
Table 22 VCSEL Market for Industrial Heating, By Region, 2015–2023 (Thousand Units)
Table 23 VCSEL Market for Emerging Applications, By Type, 2015–2023 (USD Million)
Table 24 VCSEL Market for Emerging Applications, By Region, 2015–2023 (USD Million)
Table 25 VCSEL Market for Emerging Applications, By Region, 2015–2023 (Thousand Units)
Table 26 VCSEL Market, By End User, 2015–2023 (USD Million)
Table 27 VCSEL Market, By End User, 2015–2023 (Million Units)
Table 28 VCSEL Market for Data Center, By Region, 2015–2023 (USD Million)
Table 29 VCSEL Market for Data Center, By Region, 2015–2023 (Thousand Units)
Table 30 VCSEL Market for Consumer Electronics, By Region, 2015–2023 (USD Million)
Table 31 VCSEL Market for Consumer Electronics, By Region, 2015–2023 (Thousand Units)
Table 32 VCSEL Market for Automotive, By Region, 2015–2023 (USD Million)
Table 33 VCSEL Market for Automotive, By Region, 2015–2023 (Thousand Units)
Table 34 VCSEL Market for Industrial, By Region, 2015–2023 (USD Million)
Table 35 VCSEL Market for Industrial, By Region, 2015–2023 (Thousand Units)
Table 36 VCSEL Market for Healthcare, By Region, 2015–2023 (USD Million)
Table 37 VCSEL Market for Healthcare, By Region, 2015–2023 (Thousand Units)
Table 38 VCSEL Market for Military, By Region, 2015–2023 (USD Million)
Table 39 VCSEL Market for Military, By Region, 2015–2023 (Thousand Units)
Table 40 VCSEL Market, By Region, 2015–2023 (USD Million)
Table 41 VCSEL Market, By Region, 2015–2023 (Million Units)
Table 42 VCSEL Market in Americas, By Application, 2015–2023 (USD Million)
Table 43 VCSEL Market in Americas, By Application, 2015–2023 (Thousand Units)
Table 44 VCSEL Market in Americas, By End User, 2015–2023 (USD Million)
Table 45 VCSEL Market in Americas, By End User, 2015–2023 (Thousand Units)
Table 46 VCSEL Market in Americas, By Country/Region, 2015–2023 (USD Million)
Table 47 VCSEL Market in Americas, By Country/Region, 2015–2023 (Million Units)
Table 48 VCSEL Market in Europe, By Application, 2015–2023 (USD Million)
Table 49 VCSEL Market in Europe, By Application, 2015–2023 (Thousand Units)
Table 50 VCSEL Market in Europe, By End User, 2015–2023 (USD Million)
Table 51 VCSEL Market in Europe, By End User, 2015–2023 (Thousand Units)
Table 52 VCSEL Market in Europe, By Country, 2015–2023 (USD Million)
Table 53 VCSEL Market in Europe, By Country, 2015–2023 (Million Units)
Table 54 VCSEL Market in APAC, By Application, 2015–2023 (USD Million)
Table 55 VCSEL Market in APAC, By Application, 2015–2023 (Thousand Units)
Table 56 VCSEL Market in APAC, By End User, 2015–2023 (USD Million)
Table 57 VCSEL Market in APAC, By End User, 2015–2023 (Thousand Units)
Table 58 VCSEL Market in APAC, By Country, 2015–2023 (USD Million)
Table 59 VCSEL Market in APAC, By Country, 2015–2023 (Million Units)
Table 60 VCSEL Market in RoW, By Application, 2015–2023 (USD Million)
Table 61 VCSEL Market in RoW, By Application, 2015–2023 (Thousand Units)
Table 62 VCSEL Market in RoW, By End User, 2015–2023 (USD Million)
Table 63 VCSEL Market in RoW, By End User, 2015–2023 (Thousand Units)
Table 64 VCSEL Market in RoW, By Region, 2015–2023 (USD Million)
Table 65 VCSEL Market in RoW, By Region, 2015–2023 (Million Units)
Table 66 5 Most Recent Product Launches in VCSEL Market
Table 67 5 Most Recent Acquisitions and Expansions in VCSEL Market
Table 68 3 Most Recent Collaborations and Partnerships in VCSEL Market

List of Figures (35 Figures)
Figure 1 VCSEL Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Gallium Arsenide and Multimode VCSELs to Hold Major Market Share Throughout Forecast Period
Figure 6 Data Center to Hold Largest Market Size in 2023
Figure 7 VCSEL Market for Sensing to Grow at Highest CAGR During Forecast Period
Figure 8 VCSEL Market to Grow at Highest CAGR in APAC During Forecast Period
Figure 9 Rising Adoption in Proximity Sensing and Medical Applications Driving VCSEL Market Growth
Figure 10 Gallium Arsenide to Hold Largest Size of VCSEL Market Throughout Forecast Period
Figure 11 Sensing and China to Account for Largest Market Share in APAC in 2018
Figure 12 Data Center to Hold Largest Share of VCSEL Market Throughout Forecast Period
Figure 13 VCSEL Market to Grow at Highest CAGR in APAC During Forecast Period
Figure 14 US to Account for Largest Share of VCSEL Market in 2018
Figure 15 Growing Adoption in Proximity Sensing and Medical Applications Driving VCSEL Market Growth
Figure 16 VCSEL Value Chain: Major Value Added During Oem Phase
Figure 17 Indium Phosphide to Grow at Highest CAGR During Forecast Period
Figure 18 Single Mode to Grow at Higher CAGR During Forecast Period
Figure 19 Emerging Applications to Grow at Highest CAGR During Forecast Period
Figure 20 Consumer Electronics to Grow at Highest CAGR During Forecast Period
Figure 21 VCSEL Market: Geographic Analysis
Figure 22 VCSEL Market Snapshot: Americas
Figure 23 VCSEL Market Snapshot: Europe
Figure 24 VCSEL Market Snapshot: APAC
Figure 25 VCSEL Market Snapshot: RoW
Figure 26 Companies Adopted Expansions and Acquisitions as Key Growth Strategies Between January 2016 and March 2018
Figure 27 Market Share of Top 5 Players (2017)
Figure 28 VCSEL Market Evaluation Framework
Figure 29 Finisar: Company Snapshot
Figure 30 Lumentum: Company Snapshot
Figure 31 Broadcom: Company Snapshot
Figure 32 Philips Photonics: Company Snapshot
Figure 33 II-VI: Company Snapshot
Figure 34 IQE: Company Snapshot
Figure 35 Santec: Company Snapshot

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  • AMS Technologies
  • Agiltron
  • Alight Technologies
  • Broadcom
  • Coherent
  • Finisar
  • II-VI
  • IQE
  • Laser Components
  • Litrax Technology Co.
  • Lumentum
  • Necsel Intellectual Property
  • Neophotonics
  • Newport
  • Philips Photonics
  • Santec
  • TT Electronics
  • Ultra Communications
  • Vertilas
  • Vixar
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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