VCSEL Market to Witness Robust Expansion by 2023 - Allied Market Research

The global VCSEL market is expected to witness high growth owing to surge in demand of VCSEL in data communication, and rise in usage of VCSELs in infrared illumination owing to technological advancements. However, high cost and limitations in data range of VCSELs which impedes the market growth.

A vertical cavity surface emitting laser (VCSEL) is a specialized laser diode that emits a high-power optical beam vertically from its top surface. VCSEL is constructed in a way that emits energy at 850 nm to 1300 nm with transmission rate of 2.2 Gbps to 150 Gbps. At present, VSCEL are available in 2 types-single mode and multimode VSCELs. A single-mode VCSEL produces a light beam of high spectral purity, lower divergence, and high power of coherence than a multimode VCSEL.

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Multimode VCSEL in the VCSEL market has higher potential for growth in the global market due to increased applications in comparison to single mode VCSEL. Key market players have adopted efficient techniques to develop innovative offerings.

Finisar Corporation, Avago Technologies, JDS Uniphase Corporation, Royal Philips Electronics N.V., II-VI Incorporated, IQE PLC, Vertilas GmbH, Princeton Optronics, Vixar Inc., and Ultra Communications Inc. are key market players that occupy a significant revenue share in the VCSEL market.

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According to a recent report published by Allied Market Research, titled, VCSEL Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 20172023, the global VCSEL market was valued at $1,602 million in 2016, and is projected to reach at $4,749 million by 2023, growing at a CAGR of 15.7% from 2017 to 2023.

Key Benefits for Stakeholders

This study comprises analytical depiction of the global VCSEL market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

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Key Market Players Profiled

Finisar Corporation
Avago Technologies
JDS Uniphase Corporation
Royal Philips Electronics N.V.
II-VI Incorporated
IQE PLC
Vertilas GmbH
Princeton Optronics
Vixar Inc.
Ultra Communications Inc.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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