Loading...

COVID‑19 Alert: Stay home if you feel unwell. If you have a fever, cough and difficulty breathing, seek medical attention. Follow the directions of your local health authority. Source WHO

We have a lockdown, "Working from HOME" Please reach out for any queries at: help@alliedmarketresearch.com & Int'l : +1-503-894-6022, (UK) : +44-845-528-1300

VCSEL for Data Communication Market Expected to Reach $358.41 Million by 2027

 
 

quote The VCSEL for data communication market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to rising per capita income and affordability in the automobiles sector. Moreover, the demand for data centers has increased in recent years, due to high data transfer rates, which creates lucrative opportunities for the VCSELs market in Asia-Pacific. quote

Ankit Prajapati
Lead Analyst, Semiconductor and Electronics

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “VCSEL for Data Communication Market by Type and Material: Opportunity Analysis and Industry Forecast, 2020–2027” the global VCSEL for data communication industry size is expected to reach $358.41 million by 2027 from $120.52 million in 2019, growing at a CAGR of 13.54% from 2020 to 2027. Europe is expected to be the leading contributor to the global VCSEL for data communication market growth, followed by North America and Asia-Pacific.

A vertical cavity surface emitting laser (VCSEL) is a specialized laser diode that has potentials to transform fiber optic communications by improving efficiency and increasing data speed. VCSELs emit energy at 850 nanometers (nm) and 1300 nm. These wavelengths correspond to energy in the near infrared (IR) portion of the electromagnetic spectrum. VCSELs are replacing edge-emitting lasers as the reference
technology for short-range data communications networks and local networks, which offering lower production costs and higher reliability. 

Data centers widely use 850nm-emitting VCSELs, especially for the applications wherein the size of the data transmitted over a network is extremely large. Increasing adoption of data center across large businesses, create higher demand for VCSEL technology. In addition, Asia-Pacific countries such as China, India, Indonesia, and Singapore are emerging as hubs for data centers, due to technological advancements in basic telecom infrastructure and encouragement from respective governments. High data transfer rates in data centers are particularly essential, as they allow high-speed transmission for processing and retrieving results, which create high growth for the VCSEL for data communication market. 

Gallium Arsenide segment contributed the maximum in terms of revenue to the market and accounted for 65% share in 2019. The demand for gallium arsenide has increased as compare to other materials, due to their most important advantage such as speed. Electrons travel about five times faster in gallium arsenide than they do in silicon. Gallium arsenide also has a high resistance to electrical current before it is doped with any impurities to form circuit elements. However, indium phosphide is expected to grow at a faster rate, by 16.5% in comparison to other material. Indium phosphide (InP) is the most developed platform for photonic integrated circuits (PICs). The high advancement in indium phosphide applications, and demand for high performance VCSEL technology, are expected to create growth opportunities for the VCSEL for data communication market.

The multi-mode segment was the largest contributor of revenue in 2019 and is expected to grow at a CAGR of 14.0% from 2020 to 2027. The majority of the commercially available VCSELs operate at 850 nm and are designed to meet demanding specifications for high speed data communication. This market has experienced remarkable growth rate over the last decades due to high use of vertical-cavity surface-emitting lasers (VCSELs) and multimode optical fibers.

By region, the VCSEL for data communication market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The analysis had identified that North America contributed maximum revenue in 2019. The VCSEL for data communication market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. VCSELs are widely used across several applications due to their advantages of compact size, low power requirements, high reliability, and low manufacturing costs. The rising use of VCSEL technology in telecommunication sector is fuelling the growth of the VCSEL market in Asia-Pacific.

Covid-19 Impact Analysis

Global VCSEL market has been significantly impacted by the covid-19 outbreak, due to the shutdown of manufacturing units globally. The new production throughout the world have delayed which in turn have the significant demand in the several industries including automotive, consumer electronics, industrial, and others.  

Key Findings Of The Study

  • In 2019, the gallium arsenide segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 12.9% during the forecast period.
  • The multi-mode segment accounted for more than 70.0% of the VCSEL for data communication market share in 2019.
  • The indium phosphide segment is expected to witness the highest growth rate during the forecast period.
  • U.S. was the major shareholder in the North America VCSEL for data communication market, accounting for approximately 50.0% share in 2019.

The key players profiled in the report include Hamamatsu Photonics K.K, TRUMPF, II-VI Incorporated, RPMC Lasers, Bandwidth10, Vixar Inc. (Osram Opto semiconductor), VERTILAS GmbH, VI Systems GmbH, Ushio America, Inc., and Vertilite. Market players have adopted various strategies such as product launch, partnership, and acquisition, to expand their foothold in the VCSEL for data communication industry.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote VCSEL for Data Communication Market by Type (Single Mode and Multi-Mode) and Material (Gallium Nitride, Gallium Arsenide, Indium Phosphide, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"VCSEL for Data Communication Market"
Purchase Enquiry