International VCSEL market was worth 1.65 billion dollars in the year 2018. The market is projected to be worth 4.86 billion US dollars by the forecast year of 2025. This market value is expected to be achieved at a CAGR of 17.1 percent. VCSEL or Vertical-Cavity Surface-Emitting Laser is primarily a kind of laser diode generating light of a higher beam. It usually generates an output power of a lesser extent with a greater chance of modulation in greater frequency. It thus becomes suitable to be used with optical fiber communication.
VCSEL is primarily the semiconductor devices those function at a wavelength of 750-980 nm upon being used gallium arsenide GaAs material system. It is this wavelength that can be crucial for applications like gas sensing upon using the materials like dilute nitride and indium phosphide material. However, the prime applications of it are superior speed, applications related to precision sensing, etc. All these applications make global VCSEL market thoroughly established than ever. It has become useful in modern times.
Increasing rate of adoption of VCSEL in applications related to automotive electronics and growing applications in data communication makes its market much established than ever. VCSEL application is also related to two-dimensional fabrication developing in a single die through distinct light sources, boosting output power. All these factors contribute towards the establishment of international VCSEL market. The market status is expected to be more enriched with passing time. With advancing technology, it is expected to be useful with various other kinds of applications.
Segmentation
International VCSEL market can be segmented based on product type, material type, end-user, and based on region. Based on product type, the market can be segmented into single and multiple modes. Based on material, the market can be segmented into gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN), and others.
In terms of end-user, the market is segmented into consumer electronics, automotive, healthcare, industrial, military, IT & telecom, and others. All these aspects can be taken into account while making market analysis and investment strategy at a global level.
Leading Key Players in VCSEL Market are:
- Vertilas GmbH
- Santec Corporation
- Vixar Inc
- AMS Technologies AG
- IQE PLC
- II-VI Inc.
- Philips GmbH Photonics
- Broadcom Inc.
- Lumentum Holdings
- Finisar Corporation
- Coherent Inc.
- TT Electronics PLC
- Newport Corporation
- NeoPhotonics Corporation
- Necsel Laser
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