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VCSEL Market – Technology Breakthroughs & A Growing Opportunity by 2021

Global VCSEL Market Is Set for a Rapid Growth and is Expected to Reach USD 2,414.91 million by 2021

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VCSEL Market

The global VCSEL market accounted for around USD 760.00 million in 2015 and is expected to reach USD 2,414.91million by 2021, growing at a CAGR of around 21.3% between 2016 and 2021. VCSEL Market by Application (Data Communication, Industrial Heating, Infrared Illumination, Pumping, and Sensing) for Data Centers, Consumer Electronics, Automotive, Industrial, Healthcare and Others End Users: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Vertical-Cavity Surface-Emitting Lasers (VCSELs) are a relatively latest type of semiconductor lasers. VCSEL has gained a reputation as a superior technology for short reach applications such as infrared illumination, fiber channel and intra-systems links and automotive. VCSELs became the technology of choice for short range datacom, local area networks, and effectiveness as displacing edge-emitter lasers. The use of VCSEL was mainly due to the VCSEL’s lower manufacturing costs and higher reliability compared to edge-emitters.

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Advancement in automotive electronics, growing number of data centers and increasing demand from high-end applications such as gesture recognition and 3D imaging are some of the major driving factors expected to propel the growth of VCSEL market in coming years. Ongoing technological advancement enables to use VCSEL in huge amount in infrared illumination. Increasing demand of cloud computing solution is expected to surge the growth of VCSEL market in near future. However, restriction to short-distance communication due to the limited range of VCSEL is expected to have the adverse impact on VCSEL market. Nonetheless, technology like laser-assisted hard disk drive is expected to open up new growth opportunities for VCSEL market in coming years.

Data communication was leading application segment with over 57% of share in 2015, and expected to maintain its dominance throughout the forecast period owing to the construction of new data centers for data analytics coupled with cloud computing solutions. Sensing application segment is expected to exhibit high growth in China market. The technological advancement of VCSEL & greater use in infrared illumination is expected to fuel demand for infrared illumination in coming years.

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Based on application, data center and automotive end user segment are expected to be most attractive end-user segment in the forecast period. Automotive end user segment is expected to grow at the highest CAGR of 25.11% during the forecast period. Rising demand of VCSEL in consumer electronics is expected to boost the growth of consumer electronics application segment.

North America was the largest market for VCSEL in 2015 and expected to continue its dominance throughout the forecast period. Europe is expected to show remarkable growth. This growth is mainly driven by rising use of VCSEL in consumer electronics. Asia Pacific is considered to be the fastest growing regional market for VCSEL, and growth of this region is mainly attributed to growing number of data center paired with significant growth of the automotive sector in China and India.

Some of the key players in the VCSEL market are JDS Uniphase Corporation, Philips Photonics, Princeton Optronics, Inc., Avago Technologies, II-VI Incorporated, Vixar, Inc., and Ultra Communications, Inc. amongst others

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Methodology

This report is based on in-depth qualitative and quantitative analyses of the global VCSEL Market by Application market. Zion Research has collected and analyzed key data belong to the global VCSEL Market by Application market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts’ opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of VCSEL Market by Application across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

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For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the VCSEL Market by Application industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

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Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the VCSEL Market by Application market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

About Us: Zion Market Research is an obligated company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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