VCSEL Market To Increase Valuation With Surging Investments By 2025

The increasing demand for mobile and wireless devices is fueling the need for telecommunication equipment. In the IT & telecommunication industry, VCSEL is used in applications such as radar, satellite communication, point-to-point radio, data link, tactical data link, and data centers. The global VCSEL market has been segmented based on type, material, end user, and region.

By type, the market has been segmented into single-mode, and multi-mode. Among the type segment, the single-mode usage has been widely adopted in data centers, and optical fiber communication and thus dominated the market in 2018. However, the multi-mode segment is expected to register the highest CAGR during the forecast period.

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By material, the market has been segmented into gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN), and others. Among the materials, the GaN segment dominated the market in 2018. Currently, GaN is being extensively used in VCSEL and microwave applications to enhance the performance of various devices. GaN is nearly 10% more efficient than laterally diffused MOSFET (LDMOS) which helps in significant energy savings at power level 600W or more. Furthermore, GaN materials are highly efficient, which allows them to offer superior system reliability. However, GaAs is expected to register the highest CAGR during the forecast period.

By end user, the market has been segmented into consumer electronics (mobile devices & peripherals, face recognition, cameras, and others), automotive (driver monitoring, infotainment control, air quality monitoring, LiDAR, and others), healthcare (pulse oximeter, eye tracking, and others), industrial (gas sensing, industrial printing, heating systems, and others), military (surveillance, Lidar, and others), IT & telecom (data communications, active optical cables, and others), and others. Among the major end users listed above, IT and telecom dominated the market in 2018.

The increasing adoption of smartphones and connected devices has led to the development of IT and telecommunication infrastructure. Additionally, the requirement for a reliable network, long-distance connectivity with a smaller number of devices, and high-performance devices is increasing among the IT and telecom industries. Moreover, the telecom industries are using VCSELs as these enhance the network connectivity for a long range, which increases the device life cycle.

Key Players

The key players in the VCSEL market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Vertilas GmbH, Santec Corporation, Vixar Inc., AMS Technologies AG, IQE PLC, II-VI Inc., Philips GmbH Photonics, Broadcom Inc, Lumentum Holdings, Finisar Corporation, Coherent Inc, TT Electronics PLC, Newport Corporation, NeoPhotonics Corporation, and Necsel Laser, among others. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 30-40% in the VCSEL market.

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This release was published on openPR.