According to Stratistics MRC, the Global Vertical Cavity Surface Emitting Laser (VCSEL) Market is accounted for $1.11 billion in 2020 and is expected to reach $5.16 billion by 2028 growing at a CAGR of 21.2% during the forecast period. Increasing 3D sensing application in smartphones, rising adoption of VCSEL in data centres, growing government initiative to accelerate 5G deployment, and growing demand in medical diagnostic applications are the major factors propelling the market growth. However, limited data transmission range of VCSEL is hampering the market growth.
Request for a Free Sample Copy of Report at www.strategymrc.com/report/vertical-cavity-surface-emitting-laser-vcsel-market/request-sample
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the factors such as the large consumer electronics industry, various on-going autonomous vehicle projects in the region, and the high proliferation of data centres in countries such as China, Singapore, India, and many Southeast Asian countries. The increasing importance of VCSELs and the interest of OEMs to adopt these VCSELs in smart devices are expected to drive the growth of the market. China is expected to hold the largest market share and is likely to record the highest CAGR in the VCSEL market. China is witnessing a high demand for smartphones, wearable devices, and other connecting devices. Major players in the smartphone market, including Oppo, Vivo, Xiaomi, and Huawei are based in China. The increasing interest of smartphone manufacturers for the adoption of VCSELs in smartphones for 3D sensing or proximity sensing applications is the main driving factor for the market growth in this country.
Some of the key players profiled in the Vertical Cavity Surface Emitting Laser (VCSEL) Market include Alight Technologies, Broadcom Limited, Coherent, Inc., Finisar Corporation, II-VI Incorporated, Inneos, IQE Public Limited Company, Leonardo Electronics, Lumentum Holdings, Inc, Newport Corporation, Panasonic Corporation, Princeton Optronics Inc, Royal Philips Electronics N.V, Santec, Schneider Electric SA, Thorlabs, TriLumina, TRUMPF, VERTILAS, and Vertilite.
Types Covered:
• Multi-Mode
• Single Mode
Materials Covered:
• Aluminium Gallium Arsenide (AlGaAs)
• Gallium Arsenide (GaAs)
• Gallium Nitride (GaN)
• Indium Gallium Arsenide (InGaAs)
• Indium Phosphide (InP)
• Gallium Indium Arsenide Antimonide (GaInAsSb)
Data Rates Covered:
• Up to 10 GBPS
• 10.1 to 25 GBPS
• Above 25 GBPS
Colors Covered:
• Red
• Green
• Blue-Violet
• Infrared (IR)
• Blue and Ultraviolet (UV)
Wavelengths Covered:
• < 850 nm
• 850 – 940 nm
• 940 – 1,050 nm
• > 1,050 nm
Applications Covered:
• Absorption Spectroscopy
• Analog Broadband Signal Transmission
• Atomic Clocks & GPS
• Biological Tissue Analysis
• Chip Scale Atomic Clocks
• Data Communication
• In-cabin Sensing
• Industrial Heating & Laser Printing
• Infrared Illumination
• LiDAR
• Magnetometer
• Optical Fiber Data Transmission
• Pulse Oximetry
• Sensing
• Pumping
End Users Covered:
• Aerospace & Defense
• Automotive and Transportation
• Consumer Electronics
• Data Centre
• Healthcare
• Industrial
• Information Technology (IT) and Telecom
• Military (Surveillance)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
If Any Query? Ask Our Industry Expert at www.strategymrc.com/report/vertical-cavity-surface-emitting-laser-vcsel-market/request-customization
Explore the list of attractive markets during this time of Pandemic @ www.strategymrc.com/covid-19-impact-reports
About Us:
StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments.
Contact Us:
Stratistics Market Research Consulting
Phone: +1-301-202-5929
Email: info@strategymrc.com
Website: www.strategymrc.com/
Twitter:twitter.com/StratisticsMRC
LinkedIn: www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile