VCSEL Market

VCSEL Market with COVID-19 Impact Analysis by Type, Material (GaAs, InP), Wavelength, Application (Sensing, Data Communication, Industrial Heating & Printing, Emerging), Data Rate, Industry, and Region - Global Forecast to 2026

Report Code: SE 3835 Jul, 2021, by marketsandmarkets.com

[233 Pages Report] According to MarketsandMarkets, the VCSEL market is projected to grow from USD 1.4 billion in 2021 to USD 3.3 billion by 2026; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.8% from 2021 to 2026. Various types of VCSELs are being deployed worldwide, from single-mode VCSELs to multimode VCSELs. Multimode VCSELs are used for 3D sensing and high data rate transmission over short reach as more than one optical mode is allowed inside the laser cavity in multimode VCSELs. The objective of the report is to define, describe, and forecast the VCSEL market based on type, material, wavelength, application, data rate, industry, and region.

VCSEL Market

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Impact of COVID-19 on current VCSEL market size and forecast

The emergence of the COVID-19 pandemic, a deadly respiratory disease that originated in China, is now become a worldwide issue and has also affected the VCSEL market. The market has been negatively affected primarily due to a 10% decline in smartphone shipments in 2020 as compared to 2019. Apple (US), the main smartphone OEMs for VCSELs, actually experienced a growth of 1.6% during 2019-2020, while other manufacturers experienced a fall of 12% during the same period. Since Apple is the major customer for VCSELs as compared to other manufacturers, the fall in the shipment of VCSELs was not as severe. Other consumer electronics are also experiencing a fall in revenue initially but are expected to recover from 2021 onward. As the overall market is expected to recover in 2021, some segments such as commercial and industrial, and military are expected to have a slightly late recovery, as a realistic growth rate has been adopted.

VCSEL Market Dynamics

Driver : Growing adoption of 3D sensing applications in smartphones

VCSELs play an important role in 3D sensing applications in smartphones. 3D camera sensing using a flood illuminator, dot projector, and proximity sensor are all based on VCSEL laser components. Cameras that scan and render objects in 3D have now become a standard feature in high-end smartphones. The cameras, when paired with proper software, enable the user to sense light levels, movements, and textures more precisely than previously possible. VCSELs offer several advantages, such as relatively low cost, optical efficiency, low power consumption, wavelength stability, and high modulating rates. This has resulted in an increase in the adoption of VCSELs in 3D sensing applications in the market. With technological advancements in 3D sensing using VCSELs, smartphones are no longer limited to simple face recognition and unlock applications but have extended to complex applications, such as 3D object recognition, modeling, and augmented reality (AR), by utilizing smartphone cameras. Apple’s (US) integration of VCSELs into its smartphones for 3D sensing applications has resulted in increased demand for the technology due to competitors, such as Samsung (South Korea), Xiaomi (China), Huawei (China), and BBK Electronics (China), quickly adopting VCSEL technology. Hence, the increase in demand from smartphone players is projected to be one of the major driving factors for the adoption of VCSELs in the market.

Restraint : Limited data transmission range

The data rates attained are considerably high for optical communication using VCSELs, with the latest devices transmitting at more than 50Gbps. Multimode fiber (MMF) is designed to operate at wavelengths of 850 and 1,300nm, where 850nm is the most common wavelength for VCSELs. However, signal attenuation is high in MMF, and the range of VCSELs is limited to a maximum of ~300 m. Hence, transmitting data using VCSELs over a certain distance can be a challenge due to the weakening of the signal. Attenuation is higher for data communication over longer distances, which results in signal losses, thereby affecting performance. As a result, the VCSELs are not suitable for long-range optical communication. Other limitations of VCSELs include limited modulation performance and large frequency chirp, which limits data transmission speed and distance. These factors are projected to restrict the use of VCSELs, thereby limiting its adoption.

Opportunity : Use of VCSELs in LiDAR systems for automotive applications

The automotive industry offers significant growth potential for VCSEL suppliers. The two main applications in automotive are in-cabin monitoring and LiDAR. For in-cabin monitoring, VCSELs are utilized to keep track of the driver and occupants in the car. By collecting driver and occupancy data, in-cabin sensing enables driver monitoring, whether the driver is actively paying attention to the road or is distracted or drowsy. In-cabin sensing also makes it possible to support gesture recognition for in-car navigation, communication, and infotainment systems. For in-cabin scanning, the Euro NCAP (The European New Car Assessment Programme) mandate for driver monitoring systems (DMS) is expected to become a safety standard in Europe for next-generation motor vehicles. According to MarketsandMarkets, LiDAR for the automotive market is expected to grow at a CAGR of 28.3%, from an estimated USD 735 million in 2025 to a projected USD 2,557 million by 2030. VCSELs are quickly being adopted for LiDAR equipment, as it is one of the most important components in autonomous vehicles. They are used in LiDAR systems that find applications in self-driving cars. LiDAR is an evolving remote sensing technology that measures the distance by illuminating the target with a laser and analyzing the reflected light. The fast on/off switching of VCSELs permits distance measurement at that spot. LiDAR sensor is one of the emerging applications for VCSELs in the automotive sector. In autonomous vehicles, LiDAR acts as an eye for the vehicle by providing a 360-degree view of the surrounding. LiDAR sends thousands of laser pulses every second. These laser pulses collide with the surrounding object and then reflect back. A 3D cloud point is created by using the resulting light reflections. Each laser’s reflection point is recorded by an onboard computer, which rapidly translates these points into an animated 3D representation. The 3D representation monitors the distance between the other passing vehicle and any other vehicle in front of it. It commands the brakes to slow or stop. When the road ahead is clear, it also allows the vehicle to speed up. The increasing production and sale of self-driving cars are projected to drive the demand for LiDAR, and hence, VCSELs. Moreover, as the need for safety features in automobiles is increasing, many government regulations have been put in place to enhance safety levels in vehicles.

Challenge : Impact of COVID-19 on the smartphone and automotive industry

The smartphone industry is one of the significant adopters of VCSEL technology that has witnessed market disruptions and substantial changes in buying patterns. The pandemic is expected to slow down the growth of high-end devices. Delays in manufacturing and reduced demand could set back the development of high-end smartphones that incorporate VCSEL technology. The global semiconductor shortage due to disruptions in the supply chain is also expected to discourage large-scale adoption of VCSELs in more affordable smartphones. This shortage is more prevalent in the automotive industry as semiconductor foundries reassigned production for smartphones, laptops, and gaming devices to cater to the surge in demand for such devices during the pandemic. The COVID-19 pandemic has also imparted a significant impact on the growth of the automotive industry. Although countries are partially working through various lockdown measures, the loss of consumer confidence is expected to persist. This is projected to impact the sales of automobiles in the long term. As automotive is one of the growth markets for VCSELs, its growth is projected to remain hampered during the forecast period. According to the International Organization of Motor Vehicle Manufacturers (OICA), vehicle production in 2020 witnessed a decline of 16% as compared to that of 2019. As VCSELs for in-cabin sensing and LiDAR are mostly used in more expensive vehicles, the market conditions are not expected to significantly affect the demand for VCSELs. However, COVID-19 has still created a challenging situation for the VCSEL manufacturers that cater to the growth of the automotive industry.

Market Interconnections

VCSEL Market

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Market for multimode VCSELs to grow at higher CAGR during the forecast period

The multimode VCSEL segment is projected to register a higher CAGR during the forecast period. In 2017, with the release of the Apple iPhone X, its 3D sensing module and multimode VCSELs witnessed an increased production, becoming more prevalent in the market. They are also increasingly used for high-power 3D ToF sensing, industrial, illumination, and LiDAR applications. The integration of 3D sensing by more smartphone manufacturers and the future applications of VCSELs in automotive LiDAR is projected to account for this growth.

Market for GaAs based VCSELs to grow at highest CAGR during the forecast period

The GaAs segment is projected to register the highest CAGR during the forecast period. The high adoption of GaAs-based VCSELs in the production of smartphones and consumer devices is the primary growth driver in the market. In addition, the use of GaAs-based VCSELs in LiDAR applications is projected to create growth opportunities in the long term for the players operating in the ecosystem. Technological innovations in consumer electronics besides smartphones, such as AR/VR devices, are projected to further increase the demand for GaAs-based VCSELs in 3D sensing applications.

Market in automotive industry to grow at highest CAGR during the forecast period

The high growth in the automotive segment is attributed to the increase in the use of VCSELs in automobiles for driver monitoring and infotainment systems. As the automotive industry is moving toward the evolution of autonomous vehicles, VCSELs are finding increased applications in systems, such as advanced driver assistance systems (ADAS), to support this evolution. LiDAR is the latest technology used in automotive safety developments and solutions that are being developed to make solid-state LiDARs using VCSELs. The increase in transition toward the adoption of autonomous vehicles in the long term is projected to drive the growth of the segment. The increase in the importance of VCSEL for LiDAR, in-cabin monitoring/driver monitoring, and gesture recognition are expected to be the primary growth drivers during the forecast period.

Market in APAC to grow at highest CAGR during the forecast period

APAC has a large consumer electronics industry, including countries such as China, Japan, and South Korea, which is the largest manufacturer and end user of consumer devices. South Korea is a key country for manufacturing portable consumer devices, while China is the manufacturer and consumer of consumer electronics devices. Players such as Samsung (South Korea), Huawei (China), Oppo (China), and Xiaomi (China) are already using VCSELs in their smartphones. Significant investments in new vehicle technologies, including electric vehicles, LiDAR, and autonomous vehicles, are expected to create a demand for VCSELs. Countries in APAC such as China and South Korea have led to the adoption of 5G communication technology, which would further provide opportunities for penetration of VCSELs in data communication. Hence, for consumer electronics, the market in APAC is projected to continue to grow as markets in North America and Europe continue to stagnate over time.

VCSEL Market by Region

Key Market Players

Major vendors in the VCSEL market include Lumentum (US), II-VI Incorporated (US), ams (Austria), TRUMPF (Germany), Broadcom (US), Vertilite (China), Coherent (US), Alight Technologies (Denmark), Connector Optics (Russia), VERTILAS (Germany), WIN Semiconductors (Taiwan), IQE (UK), Ricoh (Japan), Fuji Xerox (Japan), MKS Instruments (US), FLIR (US), Santec (Japan), Leonardo Electronics (US), TT Electronics (UK), Ushio America (US), Thorlabs (US), Bandwidth 10 (US), RaySea Technology (China), Inneos (US), Frankfurt Laser Company (Germany), OCTLIGHT (Denmark), Ouster (US), Sanan Integrated Circuit (China), NeoPhotonics (US), Lytek Corporation (US), and OptiGOT (Sweden).

Scope of the Report:

Report Metric

Detail

Market size available for years

2017—2026

Base year

2020

Forecast period

2021—2026

Units

Value (USD Million/Thousand), Volume (Million Units)

Segments covered

Type, Material, Wavelength, Application, Data Rate, Industry, and Geography

Geographic regions covered

North America, Europe, APAC, and RoW

Companies covered

Lumentum (US), II-VI Incorporated (US), ams (Austria), TRUMPF (Germany), Broadcom (US), Vertilite (China), Coherent (US), Alight Technologies (Denmark), Connector Optics (Russia), VERTILAS (Germany), WIN Semiconductors (Taiwan), IQE (UK), Ricoh (Japan), Fuji Xerox (Japan), MKS Instruments (US), FLIR (US), Santec (Japan), Leonardo Electronics (US), TT Electronics (UK), Ushio America (US), Thorlabs (US), Bandwidth 10 (US), RaySea Technology (China), Inneos (US), Frankfurt Laser Company (Germany), OCTLIGHT (Denmark), Ouster (US), Sanan Integrated Circuit (China), NeoPhotonics (US), Lytek Corporation (US), and OptiGOT (Sweden)

This report categorizes the VCSEL market based on type, material, wavelength, application, data rate, industry, and geography.

VCSEL Market, by Type:

  • Single-Mode
  • Multimode
  • Impact of COVID-19 on different types of VCSELs

VCSEL Market, by Material:

  • Gallium Arsenide (GaAs)
  • Indium Phosphide (InP)
  • Others

VCSEL Market, by Wavelength:

  • Red
  • Near-Infrared (NIR)
  • Shortwave Infrared (SWIR)

VCSEL Market, by Application:

  • Sensing
  • Data Communication
  • Industrial Heating & Laser Printing
  • Emerging & Other Applications

VCSEL Market, by Data Rate:

  • Upto 10 Gbps
  • 10.1 to 25 Gbps
  • Above 25 Gbps

VCSEL Market, by Industry:

  • Consumer Electronics
  • Data Center
  • Automotive
  • Commercial & Industrial
  • Healthcare
  • Military
  • Impact of COVID-19 on different Industries

VCSEL Market, by Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • RoW
    • Middle East & Africa
    • South America

Recent Developments

  • In March 2021, Lumentum (US) announced the launch of five and six junction VCSEL array products for advanced consumer, automotive, and other 3D sensing applications.
  • In February 2021, II‐VI Incorporated (US) launched its VCSEL flood illuminator modules for driver and occupancy monitoring systems in vehicles. The VCSEL flood illumination modules integrate VCSEL chips, photodiodes, and diffuser optics to achieve a greater degree of vertical integration and value for customers.
  • In January 2021, ams announced the launch of its VCSEL IR emitter family for the industrial mass market in 2D and 3D sensing. The EGA2000 flood illuminators combine VCSEL and optical packaging technologies to provide optimal performance in detection and ranging applications.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           FIGURE 1 SEGMENTATION OF THE VCSEL MARKET
           1.3.1 YEARS CONSIDERED
    1.4 CURRENCY & PRICING
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 2 VCSEL MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    2.1.1.1 Key industry insights
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of key secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Breakdown of primaries
                    2.1.3.2 Key data from primary sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to arrive at the market size using bottom-up analysis (demand-side)
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE)— DEMAND FOR VCSELS
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for obtaining market size using top-down analysis (supply-side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY-SIDE)—IDENTIFICATION OF REVENUES GENERATED BY COMPANIES FROM THE VCSEL MARKET
           2.2.3 MARKET PROJECTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS
           2.4.3 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 47)
    TABLE 1 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
           FIGURE 8 GROWTH PROJECTIONS OF THE VCSEL MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
           FIGURE 9 IMPACT OF COVID-19 ON THE VCSEL MARKET
           FIGURE 10 MARKET FOR MULTIMODE VCSEL TO RECORD A HIGHER SHARE IN 2021
           FIGURE 11 MARKET FOR VCSELS MADE FROM GAAS MATERIAL TO HOLD LARGEST SHARE DURING FORECAST PERIOD
           FIGURE 12 MARKET FOR VCSELS BASED ON NIR WAVELENGTH TO HOLD LARGEST SHARE DURING FORECAST PERIOD
           FIGURE 13 MARKET FOR VCSELS WITH DATA RATE BETWEEN 10.1 TO 25 GBPS TO HOLD LARGEST SHARE DURING THE FORECAST PERIOD
           FIGURE 14 MARKET FOR EMERGING AND OTHER APPLICATIONS TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
           FIGURE 15 VCSEL MARKET IN THE AUTOMOTIVE INDUSTRY TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
           FIGURE 16 NORTH AMERICA TO ACCOUNT FOR THE LARGEST SHARE OF THE VCSEL MARKET IN 2021

4 EXECUTIVE SUMMARY (Page No. - 55)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE VCSEL MARKET
           FIGURE 17 ADVANTAGES OF SOLID-STATE TECHNOLOGY, COMPACT DESIGN, AND ROBUSTNESS TO DRIVE THE GROWTH IN THE VCSEL MARKET
    4.2 VCSEL MARKET, BY TYPE
           FIGURE 18 MULTIMODE VCSEL TO LEAD THE MARKET DURING THE FORECAST PERIOD
    4.3 VCSEL MARKET, BY MATERIAL
           FIGURE 19 GAAS-BASED VCSELS TO ACCOUNT FOR THE LARGEST SHARE IN THE MARKET THROUGHOUT THE FORECAST PERIOD
    4.4 VCSEL MARKET, BY WAVELENGTH
           FIGURE 20 VCSELS BASED ON NIR WAVELENGTH HELD THE LARGEST SHARE IN THE MARKET IN 2020
    4.5 VCSEL MARKET, BY DATA RATE
           FIGURE 21 VCSELS WITH DATA RATE OF 10.1 TO 25 GBPS TO DOMINATE THE MARKET
    4.6 VCSEL MARKET, BY APPLICATION
           FIGURE 22 VCSELS FOR SENSING APPLICATION TO ACCOUNT FOR THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD
    4.7 VCSEL MARKET IN APAC, BY INDUSTRY VS. COUNTRY
           FIGURE 23 CONSUMER ELECTRONICS AND THE US TO HOLD THE LARGEST SHARE IN THE VCSEL MARKET IN NORTH AMERICA IN 2021
    4.8 VCSEL MARKET, BY COUNTRY
           FIGURE 24 THE US IS EXPECTED TO HOLD THE LARGEST SHARE OF THE VCSEL MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 25 IMPACT OF DRIVERS AND OPPORTUNITIES ON THE VCSEL MARKET
           FIGURE 26 IMPACT OF RESTRAINTS AND CHALLENGES ON VCSEL MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing adoption of 3D sensing applications in smartphones
                    5.2.1.2 Increasing application of VCSELs in data communication
                    5.2.1.3 Increased market investment for VCSEL manufacturing
           5.2.2 RESTRAINTS
                    5.2.2.1 Limited data transmission range
                    5.2.2.2 Limitations of semiconductor material hampering the performance of VCSELs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Use of VCSELs in LiDAR systems for automotive applications
                               FIGURE 27 LIDAR IN THE AUTOMOTIVE MARKET
                    5.2.3.2 Growing IoT market and data processing across commercial and government sectors
                    5.2.3.3 Growing adoption of VCSELs in consumer electronic devices
           5.2.4 CHALLENGES
                    5.2.4.1 Manufacturing defects in VCSELs
                    5.2.4.2 Impact of COVID-19 on the smartphone and automotive industry
    5.3 TARIFFS AND REGULATIONS
           5.3.1 TARIFFS RELATED TO VCSELS
    5.4 REGULATIONS
           5.4.1 GLOBAL
                    5.4.1.1 IEC
           5.4.2 EUROPE
                    5.4.2.1 RoHS
                    5.4.2.2 EN
           5.4.3 US
                    5.4.3.1 ANSI
                    5.4.3.2 FDA
    5.5 CASE STUDIES
           5.5.1 AMS PROVIDES VSCEL ARRAY FOR USE IN XIAOMI MI8 EXPLORER EDITION
           5.5.2 OSRAM AND CHRONOPTICS COOPERATE ON THE DEVELOPMENT OF A 3D TOF CAMERA KIT
           5.5.3 AMBARELLA, LUMENTUM, AND ON-SEMICONDUCTOR COLLABORATE ON AI PROCESSING-BASED 3D SENSING FOR NEXT-GEN AIOT DEVICES
           5.5.4 LUMENTUM SHOWCASES PHOTONIC SOLUTIONS AT ECOC 2020
           5.5.5 TRUMPF SHOWCASES VARIOUS APPLICATIONS FOR ITS SINGLE-MODE VCSELS
           5.5.6 LEONARDO ELECTRONICS OFFER LIDAR SYSTEMS LEVERAGING COMPANY VCSELS
           5.5.7 ALIGHT TECHNOLOGIES DEVELOPING 10 GBPS 1300 NM VCSEL
           5.5.8 INNEOS DEVELOPS VCSELS FOR USE IN SATELLITES
           5.5.9 IQE REACHES KEY MILESTONES WITH IQDN-VCSEL TECHNOLOGY
           5.5.10 WIN SEMICONDUCTORS SUPPLYING VCSELS FOR SMARTPHONE MANUFACTURERS
    5.6 AVERAGE SELLING PRICE OF VCSELS FOR VARIOUS END-PRODUCTS
           TABLE 2 ASP OF VSCEL USED IN VARIOUS END-PRODUCTS
           FIGURE 28 AVERAGE SELLING PRICE FORECAST OF VCSELS (2020–2026)
           TABLE 3 AVERAGE SELLING PRICE FORECAST OF VCSELS, 2020–2026 (USD)

6 INDUSTRY TRENDS (Page No. - 72)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
           FIGURE 29 VALUE CHAIN ANALYSIS OF THE VCSEL ECOSYSTEM: R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE
    6.3 ECOSYSTEM/MARKET MAP
           FIGURE 30 VCSEL MARKET ECOSYSTEM
           6.3.1 MANUFACTURERS
           6.3.2 SUPPLIERS
           6.3.3 DISTRIBUTORS
           6.3.4 OEMS
    6.4 TECHNOLOGY ANALYSIS
           6.4.1 KEY TECHNOLOGIES
                    6.4.1.1 3D Camera
                    6.4.1.2 LiDAR
           6.4.2 ADJACENT TECHNOLOGY
                    6.4.2.1 EELs
    6.5 TECHNOLOGY TRENDS
           6.5.1 NEW MATERIALS USED IN MANUFACTURING OF VCSELS
           6.5.2 MINIATURIZATION OF VCSELS
           6.5.3 UNDER DISPLAY VCSELS
    6.6 PATENT ANALYSIS
           FIGURE 31 PATENT APPLICATION TRENDS FOR VCSELS IN THE LAST FIVE YEARS
    6.7 TRADE DATA
           6.7.1 TRADE DATA
                    FIGURE 32 IMPORTS DATA FOR HS CODE 8541.40, BY COUNTRY, 2016–2020
                    TABLE 4 IMPORTS DATA FOR HS CODE 8541.40, BY COUNTRY, 2016–2020 (USD BILLION)
                    FIGURE 33 EXPORTS DATA FOR HS CODE 8541.40, BY COUNTRY, 2016–2020
                    TABLE 5 EXPORTS DATA FOR HS CODE 8541.40, BY COUNTRY, 2016–2020 (USD BILLION)
    6.8 PORTER’S FIVE FORCES MODEL
           TABLE 6 VCSEL MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.8.1 DEGREE OF COMPETITION
           6.8.2 BARGAINING POWER OF SUPPLIERS
           6.8.3 BARGAINING POWER OF BUYERS
           6.8.4 THREAT FROM SUBSTITUTES
           6.8.5 THREAT OF NEW ENTRANTS
    6.9 VCSEL MARKET: SUPPLY CHAIN
    6.10 YC-YCC SHIFT
           FIGURE 34 YC-YCC SHIFT FOR THE VCSEL MARKET

7 VCSEL FABRICATION METHODS (Page No. - 88)
    7.1 INTRODUCTION
    7.2 SELECTIVE OXIDIZATION
           7.2.1 SELECTIVELY OXIDIZED VCSELS CONTAIN AN OXIDE APERTURE IN THE LASER CAVITY, WHICH PRODUCES STRONG ELECTRICAL AND OPTICAL CONFINEMENT
    7.3 ION IMPLANTATION
           7.3.1 ION IMPLANTATION PROVIDES A HIGHLY CONTROLLED APERTURE THAT LEADS TO HIGHER AND STABLE PRODUCTIVITY OF VCSELS

8 APPLICATION OF VCSEL TECHNOLOGY IN SMARTPHONES (Page No. - 89)
    8.1 INTRODUCTION
    8.2 DOT PROJECTOR
           8.2.1 A DOT PROJECTOR IS A KEY COMPONENT THAT ENABLES A SMARTPHONE’S FACIAL RECOGNITION FEATURE
    8.3 TIME-OF-FLIGHT (TOF)
           8.3.1 A TIME-OF-FLIGHT MODULE USES VCSELS TO RELEASE INFRARED LIGHT AND USED FOR PROXIMITY SENSING
           8.3.2 PROXIMITY SENSING
    8.4 FLOOD ILLUMINATOR
           8.4.1 FLOOD ILLUMINATORS USE VCSELS TO PROJECT THE INFRARED LIGHT USED TO ILLUMINATE THE FACE OF THE USER

9 VCSEL MARKET, BY TYPE (Page No. - 91)
    9.1 INTRODUCTION
           FIGURE 35 MULTIMODE VCSEL MARKET TO HOLD A LARGER SHARE DURING FORECAST PERIOD
           TABLE 7 VCSEL MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 8 VCSEL MARKET, BY TYPE, 2021–2026 (USD MILLION)
    9.2 SINGLE-MODE
           9.2.1 SINGLE-MODE VCSELS ARE MAINLY USED FOR LOW POWER APPLICATIONS
                    TABLE 9 VCSEL MARKET FOR SINGLE-MODE TYPE, BY MATERIAL, 2017–2020 (USD MILLION)
                    TABLE 10 VCSEL MARKET FOR SINGLE-MODE TYPE, BY MATERIAL, 2021–2026 (USD MILLION)
                    TABLE 11 VCSEL MARKET FOR SINGLE-MODE TYPE, BY WAVELENGTH, 2017–2020 (USD MILLION)
                    TABLE 12 VCSEL MARKET FOR SINGLE-MODE TYPE, BY WAVELENGTH, 2021–2026 (USD MILLION)
    9.3 MULTIMODE
           9.3.1 MULTIMODE VCSELS ARE INCREASINGLY USED FOR HIGH POWER APPLICATIONS
                    TABLE 13 VCSEL MARKET FOR MULTIMODE TYPE, BY MATERIAL, 2017–2020 (USD MILLION)
                    TABLE 14 VCSEL MARKET FOR MULTIMODE TYPE, BY MATERIAL, 2021–2026 (USD MILLION)
                    TABLE 15 VCSEL MARKET FOR MULTIMODE TYPE, BY WAVELENGTH, 2017–2020 (USD MILLION)
                    TABLE 16 VCSEL MARKET FOR MULTIMODE TYPE, BY WAVELENGTH, 2021–2026 (USD MILLION)
    9.4 IMPACT OF COVID-19 ON DIFFERENT TYPES OF VCSELS
           9.4.1 MOST IMPACTED TYPE
           9.4.2 LEAST IMPACTED TYPE

10 VCSEL MARKET, BY MATERIAL (Page No. - 97)
     10.1 INTRODUCTION
               FIGURE 36 GAAS-BASED VCSEL TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD
               TABLE 17 VCSEL MARKET, BY MATERIAL, 2017–2020 (USD MILLION)
               TABLE 18 VCSEL MARKET, BY MATERIAL, 2021–2026 (USD MILLION)
     10.2 GALLIUM ARGESIDE (GAAS)
             10.2.1 GAAS-BASED VCSELS TO REGISTER THE HIGHEST CAGR DURING FORECAST PERIOD
                       TABLE 19 VCSEL MARKET IN GAAS MATERIAL, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 20 VCSEL MARKET IN GAAS MATERIAL, BY TYPE, 2021–2026 (USD MILLION)
     10.3 INDIUM PHOSPHIDE (INP)
             10.3.1 INP IS MORE EXPENSIVE THAN GAAS DUE TO MATERIAL COSTS AND SMALL WAFER SIZE
                       TABLE 21 VCSEL MARKET IN INP MATERIAL, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 22 VCSEL MARKET IN INP MATERIAL, BY TYPE, 2021–2026 (USD MILLION)
     10.4 OTHERS
             10.4.1 VCSELS IN THE SWIR BAND HAVE WAVELENGTH BETWEEN 1,400NM AND 3,000NM
                       TABLE 23 VCSEL MARKET IN OTHER MATERIALS, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 24 VCSEL MARKET IN OTHER MATERIALS, BY TYPE, 2021–2026 (USD MILLION)

11 VCSEL MARKET, BY WAVELENGTH (Page No. - 102)
     11.1 INTRODUCTION
               FIGURE 37 VCSEL BASED ON NIR WAVELENGTH TO HOLD THE LARGEST MARKET SHARE DURING FORECAST PERIOD
               TABLE 25 VCSEL MARKET, BY WAVELENGTH, 2017–2020 (USD MILLION)
               TABLE 26 VCSEL MARKET, BY WAVELENGTH, 2021–2026 (USD MILLION)
     11.2 RED
             11.2.1 VCSELS IN THE RED BAND HAVE WAVELENGTH IN BETWEEN 650NM AND 750NM
     11.3 NEAR-INFRARED (NIR)
             11.3.1 VCSELS IN THE NIR BAND HAVE WAVELENGTH BETWEEN 750NM AND 1,400NM
     11.4 SHORTWAVE INFRARED (SWIR)
             11.4.1 VCSELS IN THE SWIR BAND HAVE A WAVELENGTH BETWEEN 1,400NM AND 3,000NM

12 VCSEL MARKET, BY APPLICATION (Page No. - 106)
     12.1 INTRODUCTION
               FIGURE 38 SENSING APPLICATION SEGMENT TO HOLD THE LARGEST MARKET SHARE FOR VCSELS DURING FORECAST PERIOD
               TABLE 27 VCSEL MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 28 VCSEL MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
     12.2 SENSING
             12.2.1 3D SENSING
                       12.2.1.1 ToF camera
                                   12.2.1.1.1 Proximity sensing
                                                    12.2.1.1.1.1 Proximity sensing is widely used in smartphones
                       12.2.1.2 Structured light illumination
                                   12.2.1.2.1 Increasing adoption of face recognition technologies in smart devices creates lucrative growth opportunities
                       12.2.1.3 Facial & gesture recognition
                                   12.2.1.3.1 Increase in adoption of biometric technologies in smart devices to drive the market growth
             12.2.2 GAS SENSING
                       12.2.2.1 Single-mode VCSELs are used for gas sensing in industrial environments
             12.2.3 OPTICAL MICE
                       12.2.3.1 VCSEL-based optical mouse enables operations on a wide range of surfaces and offers high resolution and low power consumption
     12.3 DATA COMMUNICATION
             12.3.1 OPTICAL TRANSCEIVERS & ACTIVE OPTICAL CABLES
                       12.3.1.1 Growing adoption of high data rate optical components in data centers to drive the market growth
     12.4 INDUSTRIAL HEATING & LASER PRINTING
             12.4.1 ADDITIVE MANUFACTURING
                       12.4.1.1 In additive manufacturing, VCSEL heating reduces the thermal gradient
             12.4.2 LASER PRINTING
                       12.4.2.1 Laser printing mainly requires low-cost, single-mode VCSELs
     12.5 EMERGING & OTHER APPLICATIONS
             12.5.1 LIDAR
                       12.5.1.1 Rising trends in autonomous vehicles to create significant applications in automotive LiDARs
             12.5.2 IN-CABIN SENSING
                       12.5.2.1 Innovations in vehicle infotainment systems driving the demand for the in-cabin sensing application segment
             12.5.3 ATOMIC CLOCK & GPS
                       12.5.3.1 VCSELs offer compact & low-cost solutions for use in atomic clocks
             12.5.4 MAGNETOMETER
                       12.5.4.1 Highly accurate detection of magnetic fields is made possible with the use of VCSEL-based magnetometers
             12.5.5 INFRARED ILLUMINATION FOR SURVEILLANCE
                       12.5.5.1 VCSELs offer improved performance and visibility in security & surveillance applications
             12.5.6 PULSE OXIMETRY
                       12.5.6.1 VCSELs provide benefits of narrower spectral linewidth emission for pulse oximetry application

13 VCSEL MARKET, BY DATA RATE (Page No. - 115)
     13.1 INTRODUCTION
               FIGURE 39 MARKET FOR VCSELS OPERATING ABOVE 25 GBPS TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 29 VCSEL MARKET FOR DATA COMMUNICATION, BY DATA RATE, 2017–2020 (USD MILLION)
               TABLE 30 VCSEL MARKET FOR DATA COMMUNICATION, BY DATA RATE, 2021–2026 (USD MILLION)
     13.2 UP TO 10 GBPS
             13.2.1 VCSELS WITH DATA RATES UP TO 10 GBPS ARE PRIMARILY USED IN DATA COMMUNICATION APPLICATIONS
                       TABLE 31 VCSELS WITH DATA RATE UP TO 10 GBPS
     13.3 10.1 TO 25 GBPS
             13.3.1 VCSELS WITH DATA RATE OF 10.1 TO 25 GBPS DOMINATED THE MARKET IN 2020
                       TABLE 32 VCSELS WITH DATA RATE OF 10.1 TO 25 GBPS
     13.4 ABOVE 25 GBPS
             13.4.1 VCSELS WITH DATA RATE ABOVE 25 GBPS TO RECORD THE HIGHEST GROWTH DURING THE FORECAST PERIOD
                       TABLE 33 VCSELS WITH DATA RATE ABOVE 25 GBPS

14 VCSEL MARKET, BY INDUSTRY (Page No. - 120)
     14.1 INTRODUCTION
               TABLE 34 VCSEL MARKET SIZE, BY VOLUME, 2017–2020 (MILLION UNITS)
               TABLE 35 VCSEL MARKET SIZE, BY VOLUME, 2021–2026 (MILLION UNITS)
               FIGURE 40 CONSUMER ELECTRONICS INDUSTRY TO HOLD THE LARGEST MARKET SHARE DURING FORECAST PERIOD
               TABLE 36 VCSEL MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 37 VCSEL MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
     14.2 CONSUMER ELECTRONICS
             14.2.1 CONSUMER ELECTRONICS HELD A DOMINANT SHARE IN THE VCSEL MARKET IN 2020
                       TABLE 38 VCSEL MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 39 VCSEL MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 40 VCSEL MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 41 VCSEL MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 42 VCSEL MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 43 VCSEL MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 44 VCSEL MARKET FOR CONSUMER ELECTRONICS IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 45 VCSEL MARKET FOR CONSUMER ELECTRONICS IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 46 VCSEL MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 47 VCSEL MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 2021–2026 (USD MILLION)
     14.3 DATA CENTER
             14.3.1 INCREASE IN DATA BANDWIDTH IN THE DATA CENTERS TO DRIVE THE DEMAND FOR VCSELS
                       FIGURE 41 NORTH AMERICA TO ACCOUNT FOR THE LARGEST MARKET SHARE FOR VCSELS USED IN DATA CENTERS IN 2021
                       TABLE 48 VCSEL MARKET FOR DATA CENTER, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 49 VCSEL MARKET FOR DATA CENTER, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 50 VCSEL MARKET FOR DATA CENTER IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 51 VCSEL MARKET FOR DATA CENTER IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 52 VCSEL MARKET FOR DATA CENTER IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 53 VCSEL MARKET FOR DATA CENTER IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 54 VCSEL MARKET FOR DATA CENTER IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 55 VCSEL MARKET FOR DATA CENTER IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 56 VCSEL MARKET FOR DATA CENTER IN ROW, BY REGION, 2017–2020 (USD THOUSAND)
                       TABLE 57 VCSEL MARKET FOR DATA CENTER IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
     14.4 AUTOMOTIVE
             14.4.1 VCSELS IN AUTOMOTIVE LIDAR TO BOOST THE MARKET GROWTH DURING THE FORECAST PERIOD
                       TABLE 58 VCSEL MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 59 VCSEL MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 60 VCSEL MARKET FOR AUTOMOTIVE IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD THOUSAND)
                       TABLE 61 VCSEL MARKET FOR AUTOMOTIVE IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD THOUSAND)
                       TABLE 62 VCSEL MARKET FOR AUTOMOTIVE IN EUROPE, BY COUNTRY, 2017–2020 (USD THOUSAND)
                       TABLE 63 VCSEL MARKET FOR AUTOMOTIVE IN EUROPE, BY COUNTRY, 2021–2026 (USD THOUSAND)
                       TABLE 64 VCSEL MARKET FOR AUTOMOTIVE IN APAC, BY COUNTRY,  2017–2020 (USD THOUSAND)
                       TABLE 65 VCSEL MARKET FOR AUTOMOTIVE IN APAC, BY COUNTRY, 2021–2026 (USD THOUSAND)
                       TABLE 66 VCSEL MARKET FOR AUTOMOTIVE IN ROW, BY REGION, 2017–2020 (USD THOUSAND)
                       TABLE 67 VCSEL MARKET FOR AUTOMOTIVE IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
     14.5 COMMERCIAL & INDUSTRIAL
             14.5.1 VARIOUS INDUSTRIAL APPLICATIONS USING VCSELS INCLUDE INFRARED ILLUMINATION, LASER PRINTING, AND HEATING
                       FIGURE 42 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL APPLICATIONS IN APAC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
                       TABLE 68 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 69 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 70 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 71 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 72 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 73 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 74 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL IN APAC, BY COUNTRY, 2017–2020 (USD THOUSAND)
                       TABLE 75 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 76 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL IN ROW, BY REGION, 2017–2020 (USD THOUSAND)
                       TABLE 77 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
     14.6 HEALTHCARE
             14.6.1 VCSELS ARE MAINLY USED FOR SCANNING AND IMAGING APPLICATIONS IN THE HEALTHCARE INDUSTRY
                       TABLE 78 VCSEL MARKET FOR HEALTHCARE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 79 VCSEL MARKET FOR HEALTHCARE, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 80 VCSEL MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 81 VCSEL MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 82 VCSEL MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 83 VCSEL MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 84 VCSEL MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 85 VCSEL MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 86 VCSEL MARKET FOR HEALTHCARE IN ROW, BY REGION, 2017–2020 (USD THOUSAND)
                       TABLE 87 VCSEL MARKET FOR HEALTHCARE IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
     14.7 MILITARY
             14.7.1 VCSELS ARE USED FOR TACTICAL SURVEILLANCE AND OBSTACLE DETECTION IN MILITARY TASKS
                       FIGURE 43 VCSEL MARKET FOR MILITARY IN NORTH AMERICA TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD
                       TABLE 88 VCSEL MARKET FOR MILITARY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 89 VCSEL MARKET FOR MILITARY, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 90 VCSEL MARKET FOR MILITARY IN NORTH AMERICA, BY COUNTRY,  2017–2020 (USD THOUSAND)
                       TABLE 91 VCSEL MARKET FOR MILITARY IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD THOUSAND)
                       TABLE 92 VCSEL MARKET FOR MILITARY IN EUROPE, BY COUNTRY, 2017–2020 (USD THOUSAND)
                       TABLE 93 VCSEL MARKET FOR MILITARY IN EUROPE, BY COUNTRY, 2021–2026 (USD THOUSAND)
                       TABLE 94 VCSEL MARKET FOR MILITARY IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 95 VCSEL MARKET FOR MILITARY IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                       TABLE 96 VCSEL MARKET FOR MILITARY IN ROW, BY REGION, 2017–2020 (USD THOUSAND)
                       TABLE 97 VCSEL MARKET FOR MILITARY IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
     14.8 IMPACT OF COVID-19 ON DIFFERENT INDUSTRIES
             14.8.1 MOST IMPACTED INDUSTRY
             14.8.2 LEAST IMPACTED INDUSTRY

15 GEOGRAPHIC ANALYSIS (Page No. - 147)
     15.1 INTRODUCTION
               FIGURE 44 VCSEL MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 98 VCSEL MARKET, BY REGION, 2017–2020 (USD MILLION)
               TABLE 99 VCSEL MARKET, BY REGION, 2021–2026 (USD MILLION)
     15.2 NORTH AMERICA
               FIGURE 45 SNAPSHOT: VCSEL MARKET IN NORTH AMERICA
               TABLE 100 VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 101 VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 102 VCSEL MARKET IN THE US, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 103 VCSEL MARKET IN THE US, BY INDUSTRY, 2021–2026 (USD MILLION)
               TABLE 104 VCSEL MARKET IN CANADA, BY INDUSTRY, 2017–2020 (USD THOUSAND)
               TABLE 105 VCSEL MARKET IN CANADA, BY INDUSTRY, 2021–2026 (USD THOUSAND)
               TABLE 106 VCSEL MARKET IN MEXICO, BY INDUSTRY, 2017–2020 (USD THOUSAND)
               TABLE 107 VCSEL MARKET IN MEXICO, BY INDUSTRY, 2021–2026 (USD THOUSAND)
             15.2.1 US
                       15.2.1.1 The US holds the largest share in the VCSEL market in North America as well as globally
             15.2.2 CANADA
                       15.2.2.1 Data communication applications to drive the growth of the VCSEL market in Canada
             15.2.3 MEXICO
                       15.2.3.1 Automotive industry to provide an opportunity for the market growth in Mexico
     15.3 EUROPE
               FIGURE 46 SNAPSHOT: VCSEL MARKET IN EUROPE
               TABLE 108 VCSEL MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 109 VCSEL MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 110 VCSEL MARKET IN UK, BY INDUSTRY, 2017–2020 (USD THOUSAND)
               TABLE 111 VCSEL MARKET IN UK, BY INDUSTRY, 2021–2026 (USD THOUSAND)
               TABLE 112 VCSEL MARKET IN GERMANY, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 113 VCSEL MARKET IN GERMANY, BY INDUSTRY, 2021–2026 (USD MILLION)
               TABLE 114 VCSEL MARKET IN FRANCE, BY INDUSTRY, 2017–2020 (USD THOUSAND)
               TABLE 115 VCSEL MARKET IN FRANCE, BY INDUSTRY, 2021–2026 (USD THOUSAND)
               TABLE 116 VCSEL MARKET IN REST OF EUROPE, BY INDUSTRY, 2017–2020 (USD THOUSAND)
               TABLE 117 VCSEL MARKET IN REST OF EUROPE, BY INDUSTRY, 2021–2026 (USD THOUSAND)
             15.3.1 GERMANY
                       15.3.1.1 Germany is projected to hold the largest share of the VCSEL market in Europe
             15.3.2 UK
                       15.3.2.1 Consumer electronics and communications sectors to drive the market growth in the UK
             15.3.3 FRANCE
                       15.3.3.1 Automotive industry in France to create growth opportunity for VCSELs in the future
             15.3.4 REST OF EUROPE
     15.4 ASIA PACIFIC
               FIGURE 47 SNAPSHOT: VCSEL MARKET IN APAC
               TABLE 118 VCSEL MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 119 VCSEL MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 120 VCSEL MARKET IN CHINA, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 121 VCSEL MARKET IN CHINA, BY INDUSTRY, 2021–2026 (USD MILLION)
               TABLE 122 VCSEL MARKET IN JAPAN, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 123 VCSEL MARKET IN JAPAN, BY INDUSTRY, 2021–2026 (USD MILLION)
               TABLE 124 VCSEL MARKET IN SOUTH KOREA, BY INDUSTRY, 2017–2020 (USD THOUSAND)
               TABLE 125 VCSEL MARKET IN SOUTH KOREA, BY INDUSTRY, 2021–2026 (USD THOUSAND)
               TABLE 126 VCSEL MARKET IN REST OF APAC, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 127 VCSEL MARKET IN REST OF APAC, BY INDUSTRY, 2021–2026 (USD MILLION)
             15.4.1 CHINA
                       15.4.1.1 China to account for the largest share in the VCSEL market in APAC during the forecast period
             15.4.2 JAPAN
                       15.4.2.1 Consumer electronics and data centers to drive the growth of the VCSEL market in Japan
             15.4.3 SOUTH KOREA
                       15.4.3.1 VCSEL market in South Korea is dominated by the consumer electronics and telecommunications industry
             15.4.4 REST OF APAC
     15.5 ROW
               FIGURE 48 VCSEL MARKET IN SOUTH AMERICA TO HOLD LARGEST SHARE IN ROW DURING FORECAST PERIOD
               TABLE 128 VCSEL MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
               TABLE 129 VCSEL MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
               TABLE 130 VCSEL MARKET IN SOUTH AMERICA, BY INDUSTRY, 2017–2020 (USD THOUSAND)
               TABLE 131 VCSEL MARKET IN SOUTH AMERICA, BY INDUSTRY, 2021–2026 (USD THOUSAND)
               TABLE 132 VCSEL MARKET IN MIDDLE EAST & AFRICA, BY INDUSTRY, 2017–2020 (USD THOUSAND)
               TABLE 133 VCSEL MARKET IN MIDDLE EAST & AFRICA, BY INDUSTRY, 2021–2026 (USD THOUSAND)
             15.5.1 SOUTH AMERICA
                       15.5.1.1 South America to hold a larger share for VCSEL market in RoW
             15.5.2 MIDDLE EAST AND AFRICA
                       15.5.2.1 VCSEL market in the Middle East & Africa is at a nascent stage
     15.6 IMPACT OF COVID-19 ON THE VCSEL MARKET IN DIFFERENT REGIONS

16 COMPETITIVE LANDSCAPE (Page No. - 170)
     16.1 OVERVIEW
     16.2 KEY PLAYER STRATEGIES/MARKET EVALUATION FRAMEWORK
               TABLE 134 OVERVIEW OF STRATEGIES DEPLOYED BY VCSEL MANUFACTURERS
             16.2.1 PRODUCT PORTFOLIO
             16.2.2 REGIONAL FOCUS
             16.2.3 MANUFACTURING FOOTPRINT
             16.2.4 ORGANIC/ INORGANIC GROWTH STRATEGIES
     16.3 MARKET SHARE ANALYSIS: VCSEL MARKET, 2020
               TABLE 135 DEGREE OF COMPETITION, 2020
     16.4 FIVE-YEAR COMPANY REVENUE ANALYSIS
               FIGURE 49 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN VCSEL MARKET
     16.5 COMPANY EVALUATION QUADRANT
             16.5.1 STAR
             16.5.2 EMERGING LEADER
             16.5.3 PERVASIVE
             16.5.4 PARTICIPANT
                       FIGURE 50 VCSEL COMPANY EVALUATION QUADRANT, 2020
             16.5.5 COMPANY FOOTPRINT
                       TABLE 136 OVERALL COMPANY FOOTPRINT
                       TABLE 137 FOOTPRINT OF DIFFERENT COMPANIES FOR PRODUCT TYPE
                       TABLE 138 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS VERTICALS
                       TABLE 139 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS REGIONS
     16.6 START-UP/SME EVALUATION MATRIX
               TABLE 140 LIST OF START-UP/SME COMPANIES IN THE VCSEL MARKET
             16.6.1 PROGRESSIVE COMPANIES
             16.6.2 RESPONSIVE COMPANIES
             16.6.3 DYNAMIC COMPANIES
             16.6.4 STARTING BLOCKS
                       FIGURE 51 VCSEL MARKET, STARTUP/SME EVALUATION MATRIX, 2020
     16.7 COMPETITIVE SITUATIONS AND TRENDS
             16.7.1 PRODUCT LAUNCHES
                       TABLE 141 PRODUCT LAUNCHES, 2018–2020
             16.7.2 DEALS
                       TABLE 142 DEALS, 2018–2020
             16.7.3 OTHERS
                       TABLE 143 EXPANSIONS, 2018–2020

17 COMPANY PROFILES (Page No. - 185)
(Business Overview, Products Offered, Recent Developments, COVID-19-related Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     17.1 KEY PLAYERS
             17.1.1 II-VI INCORPORATED
                       TABLE 144 II-VI INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 52 II-VI INCORPORATED: COMPANY SNAPSHOT
             17.1.2 LUMENTUM
                       TABLE 145 LUMENTUM: BUSINESS OVERVIEW
                       FIGURE 53 LUMENTUM: COMPANY SNAPSHOT
             17.1.3 AMS
                       TABLE 146 AMS: BUSINESS OVERVIEW
                       FIGURE 54 AMS: COMPANY SNAPSHOT
             17.1.4 TRUMPF
                       TABLE 147 TRUMPF: BUSINESS OVERVIEW
                       FIGURE 55 TRUMPF: COMPANY SNAPSHOT
             17.1.5 BROADCOM
                       TABLE 148 BROADCOM: BUSINESS OVERVIEW
                       FIGURE 56 BROADCOM: COMPANY SNAPSHOT
             17.1.6 LEONARDO ELECTRONICS
                       TABLE 149 LEONARDO ELECTRONICS: BUSINESS OVERVIEW
             17.1.7 MKS INSTRUMENTS
                       TABLE 150 MKS INSTRUMENTS: BUSINESS OVERVIEW
                       FIGURE 57 MKS INSTRUMENTS: COMPANY SNAPSHOT
             17.1.8 SANTEC
                       TABLE 151 SANTEC: BUSINESS OVERVIEW
                       FIGURE 58 SANTEC: COMPANY SNAPSHOT
             17.1.9 VERTILAS
                       TABLE 152 VERTILAS: BUSINESS OVERVIEW
             17.1.10 VERTILITE
                       TABLE 153 VERTILITE: BUSINESS OVERVIEW
     17.2 OTHER KEY PLAYERS
             17.2.1 ALIGHT TECHNOLOGIES
             17.2.2 COHERENT
             17.2.3 FLIR
             17.2.4 INNEOS
             17.2.5 IQE
             17.2.6 THORLABS
             17.2.7 TT ELECTRONICS
             17.2.8 USHIO AMERICA
             17.2.9 WIN SEMICONDUCTORS
             17.2.10 FRANKFURT LASER COMPANY

*Details on Business Overview, Products Offered, Recent Developments, COVID-19-related Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

18 APPENDIX (Page No. - 226)
     18.1 DISCUSSION GUIDE
     18.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     18.3 AVAILABLE CUSTOMIZATIONS
     18.4 RELATED REPORTS
     18.5 AUTHOR DETAILS

The study involved four major activities in estimating the size for the VCSEL market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, VCSEL-related journals, and certified publications; articles by recognized authors; gold and silver standard websites; directories; and databases like Factiva.

Secondary research was mainly conducted to obtain key information about the industry supply chain, the market value chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and key developments from both markets- and technology-oriented perspectives. Data from secondary research was collected and analyzed to arrive at the overall market size, which was further validated by primary research.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain the qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related key executives from major companies and organizations operating in the VCSEL market.

Extensive primary research was conducted after obtaining information about the VCSEL market through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides. Primary data has been mainly collected through telephonic interviews, which constitute approximately 80% of the overall primary interviews. Moreover, questionnaires and emails were also used to collect the data.

VCSEL Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been used, along with several data triangulation methods for estimating and forecasting the size of the VCSEL market and its segments and subsegments listed in this report. The key players in the market have been identified through secondary research, and their market share in the respective regions has been determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews of the industry experts, such as chief executive officers, vice presidents, directors, and marketing executives, for key insights.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

VCSEL Market: Bottom-Up Approach

VCSEL Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall size of the VCSEL market from the estimation process explained above, the total market was split into several segments and subsegments. The market breakdown and data triangulation procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the VCSEL market, in terms of value, based on type, material, wavelength, application, data rate, and industry
  • To describe and forecast the market size of the VCSEL market, in terms of value, with regard to four main regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed overview of the supply chain of the VCSEL ecosystem
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the VCSEL market
  • To benchmark players within the market using the proprietary “Competitive Leadership Mapping” framework, which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape of the market
  • To analyze competitive developments, such as acquisitions, product launches and developments, expansions, partnerships, and acquisitions, in the VCSEL market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Detailed analysis and profiling of additional market players
COVID-19

Get in-depth analysis of the COVID-19 impact on the VCSEL Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the VCSEL Market

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Report Code
SE 3835
Published ON
Jul, 2021
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