VCSEL Market is Growing at an Unprecedented Rate of 15.7% over 2023

[150 Pages PDF Report with UPDATE AVAILABLE ON-DEMAND] 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.

According to a recent report published by Allied Market Research, titled,"VCSEL Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017 - 2023,"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.

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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.

Surge in demand of VCSEL in data communication is expected to boost the market. Further, rise in usage of VCSELs in infrared illumination owing to technological advancements is also anticipated to fuel the market growth. However, high cost and limitations in data range of VCSELs hinders the market. Furthermore, demand for VCSELs in consumer electronics is expected to boost the VCSEL market in the upcoming years.

The VCSEL market size is segmented based on type, application, and region. By type, the market is divided into single mode and multimode VCSEL. By application, the VCSEL market is classified into data communications, infrared illumination, sensing, pumping, GPS, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Findings of the VCSEL Market:

* Multi-mode VCSEL generated the highest revenue of the global VCSEL market, in 2019.

* During the forecast period, sensing application is expected to register a highest CAGR rate.

CHAPTER FOUR. GLOBAL VCSEL MARKET, TYPE

4.1. MARKET OVERVIEW

4.1.1. Global VCSEL Market Status and Outlook by Type

4.2. SINGLE-MODE VCSEL

4.2.1. Key market Trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. MULTIMODE VCSEL

4.3.1. Key market Trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

CHAPTER FIVE. GLOBAL VCSEL MARKET, APPLICATION

5.1. MARKET OVERVIEW
5.2. DATA COMMUNICATION

5.2.1. Key market Trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. INFRARED ILLUMINATION

5.3.1. Key market Trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. SENSING

5.4.1. Key market Trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.5. PUMPING

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

5.6. GPS

5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast

* Asia-Pacific is anticipated to exhibit a highest CAGR during the forecast period.

* In 2019, the data communication application segment contributed the highest market shares in the VCSEL market.

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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.

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