A vertical-cavity surface-emitting laser or VCSEL is a type of semiconductor-based micro-laser diode that is similar to LEDs. It emits an optical beam of high efficiency perpendicular to the top surface of the laser. Along with boosting the performance, VCSELs also help in reducing the operating costs as well as power consumption. This technology is widely used in optical communications sector, and is now penetrating the consumer electronics sector and other applications like gesture recognition and 3D imaging, thereby boosting the demand for VCSELs.
Market Drivers and Opportunities
The growth of the global VCSEL market can be primarily attributed to the following factors:
- Increasing number of data centers, which in turn drive the demand for VCSEL
- Growing technology that promote the use of VCSEL in infrared illumination
- Developments and innovations in automotive electronics
Moreover, the upcoming laser-assisted hard disk drive technology, gesture recognition, and 3D sensing are likely to create an array of opportunities, thus boosting the overall demand for VCSEL across all the industries.
Market Scenario
The global VCSEL market that was valued at USD 611.3 Million in 2014 is projected to reach USD 2,105.3 Million by the end of 2020, growing at a CAGR of 21.99% during the forecast period. Among regions, North America is expected to hold the largest market share, whereas Asia-Pacific is estimated to be the fastest-growing market, exhibiting the highest CAGR of 23.80% between 2015 and 2020.
Based on application, the data communication and sensing segments are the two key revenue pockets for this market, in which data communication segment accounted for largest share of about 60% of the total market share. Whereas based on end-users, the automotive sector in this market is projected to grow at the highest CAGR of 25.81% over the forecast period.
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Research Scope
The global market for VCSEL has been analyzed and forecasted by splitting it into the following categories and sub-categories:
- Application: Data Communication, Sensing, Infrared Illumination, Pumping, Industrial Heating
- End-User: Data Canter, Consumer Electronics, Automotive, Industrial, Healthcare, Others
- Geography: North America, Europe, Asia-Pacific, RoW
Finisar Corporation (U.S.), Avago Technologies (Singapore & U.S.), JDS Uniphase Corporation (U.S.), Philips Photonics (Netherlands), and Princeton Optronics, Inc. (U.S.) are some of the major players operating in the global market for VCSEL.
