Pune, India -- (SBWIRE) -- 08/29/2018 -- Market Definition: Global VCSEL Market

A vertical cavity surface emitting laser (VCSEL) is a semiconductor based laser diode which transmits an exceedingly optical beam vertically from its upper surface. It can be applied at precision sensing, laser printers, data communication, precision sensing and many more.

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Market Analysis:

The Global VCSEL Market accounted for USD 954.8 million in 2016 and is projected to grow at a CAGR of 17.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Segmentation: Global VCSEL Market

On the basis of material:

- Gallium Asrsenide (GAAS)
- Gallium Nitride (GAN)
- Indium Phosphide (INP)
- Other

On the basis application:

- Data Communication
- Infrared Illumination
- Pumping
- Sensing
- Industrial Heating
- Emerging Application
- Atomic Clocks
- GPS
- Magnetometer

On the basis of end user:

- Data Centers
- Automotive
- Consumer Electronics
- Healthcare
- Industrial

On the basis of geography:

- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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Major Market Drivers:

- Increase in the usage in infrared illumination, data communication
- Growing demand for laser based hard disc drives
- More power efficient and greater accuracy

Market Restraint:

- Restricted data transmission range

Competitive Landscape: Global VCSEL Market

The global VCSEL market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Major Market Competitors: Global VCSEL Market

- Finisar Corporation,
- Princeton Optronics,
- IQE PLC,
- Koninklijke Philips N.V.,
- VERTILAS GmbH,
- Lumentum Operations LLC,
- Vixar Inc.,
- SANTEC CORPORATION,
- Broadcom,
- II-VI Incorporated,
- Mitel Networks Corporation,
- Infineon Technologies AG,
- Alero Technology, Inc.,
- Truelight Corporation,
- Sumitomo Electric Industries Ltd.,
- Among others.

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