VCSEL Market Latest Advancements, Trends and Huge Business Opportunities 2021 to 2026: II-VI Incorporated, IQE, Lumentum, Trumpf and Broadcom

VCSEL Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2027. The VCSEL market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The Global VCSEL Market was valued at USD 1,676.34 million in the year 2019. The market is expected to witness substantial growth due to growing demand of VCSEL in new applications. Increasing need for more power efficient and accurate products are expected to drive the growth of VCSEL market. The recent technological advancements in the consumer electronics, automotive and data communication sector to meet the rising demand of advanced products is expected to favor market growth.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global VCSEL Market:  II-VI Incorporated, IQE, Lumentum, Trumpf and Broadcom and others.

Among the device type segment in the VCSEL market, Multimode holds the majority share. Increase in demand of data communication and consumer electronics is also expected to drive the market over the forecast period. Increasing demand of consumer electronics is one of the major driving factors for Multimode market. Among the Application segment in the VCSEL market, Data communication holds the majority share. Increase in demand of data communication and consumer electronics is also expected to drive the market over the forecast period.

Among the End User segment in the VCSEL market, Data Center holds the majority share. Increase in demand of new technologies in smartphones and other gadgets is also expected to drive the 3D Sensing market over the forecast period.

Moreover, 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. Adopting new technologies in consumer electronics and new applications by some major economies such as US, Germany, UK, China, backed with growing production activities in 3D sensing, LiDAR is supplementing the demand for new applications.

Some Of The Recent Developments In The Market Are As Follows:

II-VI Incorporated Unveils High-Power and High-Efficiency Double-Junction VCSEL Arrays for Next-Generation 3D Sensing

Feb 8, 2021 -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of semiconductor lasers and micro-optics for consumer electronics, today announced its double-junction vertical cavity surface-emitting laser (VCSEL) arrays, the first of its multi-junction VCSEL array platforms for next-generation world-facing 3D sensing applications.

The growing adoption of 3D sensing in several markets, including in consumer electronics, automotive, and industrial, is driving the demand for depth sensors with longer and wider range, lower power consumption, smaller size, and lower cost. II-VI’s new VCSEL arrays are based on a double-junction technology that doubles the power output per VCSEL emitter and improves the power conversion efficiency to 56%, compared with 46% in existing single-junction technology. This can be leveraged for a number of differentiating benefits, including higher output power to sense farther and wider, reduced battery power consumption, and smaller size to achieve lower cost and to enable more inconspicuous designs. 

IQE reaches key milestones with IQDN-VCSEL™ technology for long wavelength VCSELs on 150 mm GaAs substrates

25 Jun 2019 -- 09 March 2021- IQE plc (AIM: IQE, "IQE" or the "Group"), the leading manufacturer of advanced semiconductor wafer products for the global semiconductor industry, is pleased to announce it has achieved key power and reliability milestones for its IQDN-VCSEL™ technology for advanced sensing applications at longer wavelengths (1100-1600 nm) on 150 mm GaAs substrates. IQE is currently supplying wafers to Tier 1 partners and collaborating with them to refine this technology for next generation advanced sensing applications.

Lumentum Announces Five and Six Junction VCSEL Array Products For Advanced Consumer, Automotive, and Other 3D Sensing Applications

SAN JOSE, Calif., March 3, 2021 -- Lumentum Holdings Inc. ("Lumentum"), a leading provider of VCSEL arrays for 3D sensing and LiDAR applications, today announced new high-power and high-efficiency five and six junction vertical cavity surface-emitting laser (VCSEL) arrays for advanced consumer, automotive LiDAR, and other 3D sensing applications.

The use of LiDAR and 3D sensing is expanding into new applications in the consumer electronics, automotive, and industrial markets. New applications and new functionality are driving the need for higher power and higher efficiency from smaller form factor devices. Lumentum's innovative five and six junction VCSEL arrays enable much lower power dissipation, very high slope efficiencies, and record-breaking optical peak powers compared with existing devices. Optical powers exceeding 2 W per individual VCSEL emitter have resulted in over 800 W of peak power from a compact one square millimeter sized VCSEL array. The peak optical power, low thermal dissipation, and small die size of these new multi-junction VCSELs arrays are important to extending their use to high performance all-solid-state medium and long-range LiDAR.

Global VCSEL Market Split by Product Type and Applications:

The report analyses the VCSEL Market by Device Type (Single Mode and Multimode).

The report assesses the VCSEL market by Application (Data Communication, Infrared Illumination, 3D Sensing and Others).

The report assesses the VCSEL market by End User (Data Center, Consumer Electronics, Automotive and Others). 

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Regional Analysis For VCSEL Market:

For comprehensive understanding of market dynamics, the global VCSEL market is analyzed across key geographies namely: 

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) 

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

VCSEL Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2021–2023.                 

Key Points of VCSEL Market Table of Contents:

-Market Overview: The report begins with this section where a product overview and key content on the product and application segments of the global Halal Foods market are provided. The highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product. 

-Competition by company: Here we analyze the competition of the global VCSEL market, by company price, revenue, sales and market share, market share, competitive landscape, and latest trends, mergers, expansions, acquisitions, and market share of top companies. 

-Company Profile and Sales Data: As the name suggests, this section provides sales data and useful information about the business of key players in the global VCSEL market. It describes the key businesses of gross margin, price, revenue, products and specifications, types, applications, competitors, manufacturing base, and key players operating in the global VCSEL market.

-Market Forecast: Here the report provides a full forecast for the global VCSEL market by product, application, and region. It also provides global sales and revenue forecasts for all years in the forecast period.

-Research Results and Conclusion: One of the last sections of the report where analyst findings and findings are provided.

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the «Keyword» market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2023, which provides future outlook of the market for the manufacturers and suppliers.

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