VCSEL Market

VCSEL Market by Type (Single-mode, Multimode), Material (GaAs, InP, Others), Wavelength, Application (Sensing, Data Communication), Industry (Consumer Electronics, Automotive, Data Center, Commercial & Industrial), and Geography - Global Forecast to 2025

Report Code: SE 3835 Apr, 2020, by marketsandmarkets.com

The global VCSEL market is expected to grow from USD 1.0 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 23.7%. Increasing applications of VCSELs in data communication is one of the key factors driving the growth of the market. Also, the growing adoption of 3D sensing applications in smartphones is expected to propel the demand for VCSELs during the forecast period. Moreover, the technological advancements and increasing interest of OEMs to adopt VCSELs in consumer devices and the use of VCSELs in the LiDAR systems of autonomous vehicles are expected to create lucrative major opportunities for the market players.

VCSEL Market

Multimode type to dominate the global VCSEL industry during the forecast period

Multimode type VCSELs are expected to hold the majority of the VCSEL market share during the forecast period. Multimode VCSELs are used for high data rate transmission over short reach. VCSELs are also being increasingly used for high power 3D ToF sensing, industrial, and LiDAR applications. With numerous companies, such as Apple (US), Google (US), and Microsoft (US), investing significantly in the expansion of their data centers globally, the demand for multimode VCSELs is projected to increase at a significant rate during the forecast period. Likewise, the integration of 3D sensing in consumer electronics and the use of VCSELs in the LiDAR system is expected to drive the market for multimode VCSELs during the forecast period.

Above 25 Gbps data rate VCSELs to register the highest CAGR during the forecast period

VCSELs operating at above 25 Gbps data rates are expected to grow at the highest CAGR during the forecast period. Increasing adoption of smartphones, connected devices, and IoT devices has resulted in high data traffic across the networks. Likewise, with the growing adoption of 5G network, data traffic would significantly increase, which requires advanced optical components to enable efficient data transmission across the networks. Hence, many hyperscale data center operators such as Facebook, Apple, Microsoft, Amazon, and Google are shifting toward the adoption of high-speed transceivers and AOCs, which operate at 100G, 200G, and 400G data rates. Increasing adoption of high data rate offering transceivers such as 200G and 400G transceivers in hyperscale data centers is expected to drive the growth of the above 25 Gbps VCSELs segment, as these VCSELs supports high data rate offering modules.

Consumer electronics industry to hold the largest share of VCSEL market during the forecast period

The consumer electronics industry is expected to account for the majority of the VCSEL market share during 2020–2025. In recent years, several smartphone manufacturers such as Apple (US), Samsung (South Korea), Huawei (China), Oppo (China), and Vivo (China) have implemented facial recognition technology in their smartphones, and other companies are expected to follow suit in the coming years. VCSELs are the most important components for the facial and gesture recognition technologies in smartphones. Hence, the rise in the demand for 3D sensing applications in smartphones is expected to drive the growth of the market.

VCSEL Market

APAC is expected to register the highest CAGR during the forecast period

The market in APAC is expected to grow at the highest CAGR during 2019–2025. APAC’s large population, along with increasing penetration of the internet, has spurred the demand for smartphones in recent years. APAC is a leading manufacturer and end user of consumer devices. The increasing importance of VCSELs and the interest of OEMs to adopt these VCSELs in smart devices are expected to drive the growth of the market.

China is expected to hold the largest market share and is likely to record the highest CAGR in the VCSEL market during 2020–2025. China is witnessing a high demand for smartphones, wearable devices, and other connecting devices. Major players in the smartphone market, including Huawei, Oppo, Vivo, and Xiaomi, are based in China. The increasing interest of smartphone manufacturers for the adoption of VCSELs in smartphones for 3D sensing or proximity sensing applications is the main driving factor for the market growth in China.

Key Market Players

Major companies in the global VCSEL market are II-VI (US), Lumentum (US), ams (Austria), TRUMPF (Germany), Broadcom (US), Leonardo Electronics (US), MKS Instruments (US), Santec (Japan), VERTILAS (Germany), Vertilite (China), Alight Technologies (Denmark), Coherent (US), FLIR (US), Inneos (US), IQE (UK), WIN Semiconductors (Taiwan), Thorlabs (US), TriLumina (US), TT Electronics (UK), and Ushio America (US).

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Units

Value (USD) & Volume (In Million Units)

Segments covered

Type, Material, Data Rate, Wavelength, application, and Industry

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

II-VI (US), Lumentum (US), ams (Austria), TRUMPF (Germany), Broadcom (US), Leonardo Electronics (US), MKS Instruments (US), Santec (Japan), VERTILAS (Germany), Vertilite (China), Alight Technologies (Denmark), Coherent (US), FLIR (US), Inneos (US), IQE (UK), WIN Semiconductors (Taiwan), Thorlabs (US), TriLumina (US), TT Electronics (UK), and Ushio America (US).

A total of 20 players are covered.

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

By Type:

  • Single-Mode
  • Multimode

By Material:

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

By Data Rate:

  • Up to 10 Gbps
  • 10.1 to 25 Gbps
  • Above 25 Gbps

By Wavelength:

  • Red
  • Near Infrared (NIR)
  • Short Wave Infrared (SWIR)

By Application:

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

By Industry:

  • Consumer Electronics
  • Data Center
  • Commercial & Industrial
  • Automotive
  • Healthcare
  • Military

By Region:

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

II-VI is globally known for manufacturing optoelectronic devices and components and engineered materials. The company has a separate division called Laser Enterprise Division, which develops VCSELs on a large scale for consumer electronics and 3D sensing. The company focuses on 3D sensing and augmented reality applications. It is involved in the volume production of VCSEL arrays for 3D sensing for consumer electronics applications. It intends to achieve more efficient designs for new opportunities in the consumer electronics market. The company highly invests in R&D, for instance, it is focusing on developing high-power VCSELs for consumer devices and next-generation, high-speed VCSELs for 3D sensing and datacom applications. The company is also involved in acquisitions to expand its production capacity and technology platforms for semiconductor lasers. For instance, in September 2019, the company acquired Finisar (US), one of the major leaders in the optical communications market. Such developments offer several advancements in smart photonic components, modules, and system-related solutions for applications such as industrial markets, data centers, consumer electronics, and sensing. Finisar is one of the important players in the VCSEL market, particularly for smartphones. In December 2017, Apple (US) announced an investment of USD 390 million in Finisar for the production of VCSELs. Finisar used this investment to transform its manufacturing plant in Sherman into a high-tech VCSEL facility. The company’s now subsidiary, Finisar, has shipped more than 300 million VCSELs as of December 2019.

Recent Developments

  • In February 2020, ams subsidiary Vixar introduced a new VCSEL chip at Photonics West 2020 in San Francisco, US. This new chip has a wavelength of 940nm and finds applications in autonomous guided vehicles.
  • In January 2020, II-VI launched new vertical-cavity surface-emitting lasers (VCSELs) on its vertically integrated 150 mm gallium arsenide (GaAs) technology platform to serve the growing demand for optical high-definition multimedia interface (optical HDMI) cables in the consumer electronics industry. This is expected to expand its footprint in the consumer electronics market.
  • In January 2020, Leonardo Electronics announced the merger of Selex Galileo and Lasertel businesses to form Leonardo Electronics US, a US-based independent entity providing VCSELs and other products to the defense, security, medical, automotive, and industrial segments.
  • In December 2019, ams acquired 59.9% shares of OSRAM (Germany), one of the leaders in the photonics market. ams intends to emphasize the photonics strength of OSRAM while de-emphasizing general illumination.
  • In September 2019, II-VI acquired Finisar (US), one of the major leaders in the optical communications market. This acquisition will help the company to enter new markets and increase its reach in the global VCSEL market.

Key Questions Addressed in the Report

  • Who are the key players operating in the VCSEL market, and what are the factors contributing to their domination over other players?
  • In the value chain analysis of the VCSEL ecosystem, what are the major phases?
  • Which are the leading applications in the VCSEL market?
  • Which material is expected to lead in VCSEL industry during the forecast period?
  • Which region is expected to dominate the VCSEL market in the next 5 years?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 17)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 21)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing market size by bottom-up analysis (demand side)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size by top-down analysis (supply side)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 31)

4 PREMIUM INSIGHTS (Page No. - 35)
    4.1 ATTRACTIVE OPPORTUNITIES IN VCSEL MARKET
    4.2 VCSEL MARKET IN APAC, BY COUNTRY AND INDUSTRY
    4.3 VCSEL MARKET, BY WAVELENGTH
    4.4 COUNTRY-WISE VCSEL MARKET GROWTH RATE

5 MARKET OVERVIEW (Page No. - 38)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing application of VCSELs in data communication
                    5.2.1.2 Growing adoption of 3D sensing applications in smartphones
           5.2.2 RESTRAINTS
                    5.2.2.1 Limited data transmission range
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Technological advancements and growing interest of OEMs to adopt VCSEL in consumer devices
                    5.2.3.2 Growing adoption of VCSELs by wafer manufacturers, MOCVD system providers, and testing & inspection companies
                    5.2.3.3 Use of VCSELs in the LiDAR system of autonomous vehicles
           5.2.4 CHALLENGES
                    5.2.4.1 Limitations associated with gallium nitride are hampering the performance of VCSELs
    5.3 VALUE CHAIN ANALYSIS
    5.4 COVID-19 (CORONAVIRUS) IMPACT ON VCSEL MARKET

6 VCSEL FABRICATION METHODS (Page No. - 44)
    6.1 INTRODUCTION
    6.2 SELECTIVE OXIDATION
    6.3 ION IMPLANTATION

7 APPLICATIONS OF VCSELS IN DIFFERENT TECHNOLOGIES (Page No. - 45)
    7.1 INTRODUCTION
    7.2 DOT PROJECTOR
    7.3 TIME-OF-FLIGHT (TOF)
           7.3.1 PROXIMITY SENSING
    7.4 FLOOD ILLUMINATOR

8 VCSEL MARKET, BY TYPE (Page No. - 47)
    8.1 INTRODUCTION
    8.2 SINGLE-MODE
           8.2.1 SINGLE-MODE VCSELS ARE EXTENSIVELY USED IN SENSING AND OPTICAL COMMUNICATION APPLICATIONS
    8.3 MULTIMODE
           8.3.1 MULTIMODE VCSELS ARE EXPECTED TO HOLD LARGER MARKET SHARE DURING THE FORECAST PERIOD

9 VCSEL MARKET, BY MATERIAL (Page No. - 51)
    9.1 INTRODUCTION
    9.2 GALLIUM ARSENIDE (GAAS)
           9.2.1 GALLIUM ARSENIDE TO REGISTER THE HIGHEST CAGR DURING FORECAST PERIOD
    9.3 INDIUM PHOSPHIDE (INP)
           9.3.1 INP-BASED VCSELS HAVE GAINED IMPORTANCE IN RECENT YEARS AS THEY HELP TO LOWER SIGNAL LOSSES IN OPTICAL FIBER
    9.4 OTHERS
           9.4.1 GAN

10 VCSEL MARKET, BY WAVELENGTH (Page No. - 55)
     10.1 INTRODUCTION
     10.2 RED
             10.2.1 VCSELS IN THE RED BAND HAVE WAVELENGTH IN BETWEEN 650NM AND 750NM
     10.3 NEAR INFRARED (NIR)
             10.3.1 VCSELS IN THE NIR BAND IS EXPECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
     10.4 SHORT WAVE INFRARED (SWIR)
             10.4.1 VCSELS IN THE SWIR BAND HAVE A WAVELENGTH IN BETWEEN 1,400NM AND 3,000NM

11 VCSEL MARKET, BY APPLICATION (Page No. - 58)
     11.1 INTRODUCTION
     11.2 SENSING
             11.2.1 3D SENSING
                       11.2.1.1 ToF camera
                                   11.2.1.1.1 Proximity sensing
                                                    11.2.1.1.1.1 Proximity sensing is widely used in smartphones
                       11.2.1.2 Structured light illumination
                                   11.2.1.2.1 Increasing adoption of face recognition technologies in smart devices creates lucrative opportunities for market growth
                       11.2.1.3 Facial & gesture recognition
                                   11.2.1.3.1 Increasing adoption of biometric technologies in smart devices is driving the growth of the market
             11.2.2 GAS SENSING
                       11.2.2.1 Single-mode VCSELs are used for gas sensing
             11.2.3 OPTICAL MICE
                       11.2.3.1 VCSEL-based optical mouse offer operation on a wide range of surfaces, high resolution, and long battery life
     11.3 DATA COMMUNICATION
             11.3.1 OPTICAL TRANSCEIVERS & ACTIVE OPTICAL CABLES
                       11.3.1.1 Growing adoption of high data rate optical components in data centers to drive the growth of the market
     11.4 INDUSTRIAL HEATING & LASER PRINTING
             11.4.1 ADDITIVE MANUFACTURING
                       11.4.1.1 In additive manufacturing, the VCSEL heating reduces the thermal gradient
             11.4.2 LASER PRINTING
                       11.4.2.1 Laser printing mainly requires single-mode VCSELs
     11.5 EMERGING & OTHER APPLICATIONS
             11.5.1 LIDAR
                       11.5.1.1 Rising trends of autonomous vehicles to create significant opportunities for LiDAR application
             11.5.2 IN-CABIN SENSING
                       11.5.2.1 Innovations in connected vehicles are driving the growth of the in-cabin sensing application segment
             11.5.3 ATOMIC CLOCK & GPS
                       11.5.3.1 VCSELs offer compact & low-cost solutions for atomic clocks
             11.5.4 MAGNETOMETER
                       11.5.4.1 Highly accurate detection of magnetic fields is possible with the use of VCSEL-based magnetometer
             11.5.5 INFRARED ILLUMINATION FOR SURVEILLANCE
                       11.5.5.1 VCSELs offer improved performance and better visibility in security & surveillance applications
             11.5.6 PULSE OXIMETRY
                       11.5.6.1 VCSELs provide benefits of narrower spectral linewidth emission for pulse oximetry application

12 VCSEL MARKET, BY DATA RATE (Page No. - 66)
     12.1 INTRODUCTION
     12.2 UP TO 10 GBPS
             12.2.1 VCSELS HAVING DATA RATES UP TO 10 GBPS ARE MAJORLY USED IN DATA COMMUNICATION APPLICATIONS
     12.3 10.1 TO 25 GBPS
             12.3.1 VCSELS HAVING THE DATA RATE IN THE RANGE 10.1 TO 25 GBPS HELD THE LARGEST MARKET SHARE
     12.4 ABOVE 25 GBPS
             12.4.1 MARKET FOR VCSELS HAVING DATA RATE ABOVE 25 GBPS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

13 VCSEL MARKET, BY INDUSTRY (Page No. - 71)
     13.1 INTRODUCTION
     13.2 CONSUMER ELECTRONICS
             13.2.1 INCREASING USE OF VCSEL FOR 3D SENSING TO DRIVE GROWTH OF CONSUMER ELECTRONICS SEGMENT
     13.3 DATA CENTER
             13.3.1 INCREASING NUMBER OF DATA CENTERS GLOBALLY IS FUELING THE DEMAND FOR VCSELS
     13.4 AUTOMOTIVE
             13.4.1 EVOLUTION OF AUTONOMOUS VEHICLES AND ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) TO DRIVE THE GROWTH AUTOMOTIVE INDUSTRY
     13.5 COMMERCIAL & INDUSTRIAL
             13.5.1 VCSELS ARE USED IN VARIOUS INDUSTRIES FOR APPLICATIONS SUCH AS INFRARED ILLUMINATION, SENSING, LASER

PRINTING, AND INDUSTRIAL HEATING
     13.6 HEALTHCARE
             13.6.1 VCSELS ARE SUITABLE FOR SCANNING AND IMAGING APPLICATIONS IN THE HEALTHCARE INDUSTRY
     13.7 MILITARY
             13.7.1 VCSELS ARE USED FOR TACTICAL SURVEILLANCE AND OBSTACLE DETECTION

14 GEOGRAPHIC ANALYSIS (Page No. - 78)
     14.1 INTRODUCTION
     14.2 NORTH AMERICA
             14.2.1 US
                       14.2.1.1 US holds the largest share of the North American VCSEL market
             14.2.2 CANADA
                       14.2.2.1 High demand for communication products to drive market in Canada
             14.2.3 MEXICO
                       14.2.3.1 Automotive industry to provide opportunity for market growth
     14.3 EUROPE
             14.3.1 UK
                       14.3.1.1 Increasing integration of VCSELs in connected cars to drive the UK market growth
             14.3.2 GERMANY
                       14.3.2.1 VCSEL market in Germany to grow at highest CAGR
             14.3.3 FRANCE
                       14.3.3.1 Industrial and automotive applications to provide growth opportunities
             14.3.4 REST OF EUROPE
     14.4 ASIA PACIFIC (APAC)
             14.4.1 CHINA
                       14.4.1.1 Mass adoption of VCSELs for smartphones to drive market growth
             14.4.2 JAPAN
                       14.4.2.1 Increasing demand for gesture recognition and 3D sensing and emerging applications of VCSELs are drivers for market growth
             14.4.3 SOUTH KOREA
                       14.4.3.1 Increasing trend of 3D sensing in smartphones to create ample opportunity in market
             14.4.4 REST OF APAC
     14.5 REST OF THE WORLD (ROW)
             14.5.1 SOUTH AMERICA
                       14.5.1.1 South America to hold largest market share in RoW
             14.5.2 MIDDLE EAST & AFRICA
                       14.5.2.1 Middle East & Africa presents significant opportunities

15 COMPETITIVE LANDSCAPE (Page No. - 105)
     15.1 OVERVIEW
     15.2 MARKET RANKING ANALYSIS: VCSEL MARKET, 2019
     15.3 COMPETITIVE LEADERSHIP MAPPING
             15.3.1 VISIONARY LEADERS
             15.3.2 DYNAMIC DIFFERENTIATORS
             15.3.3 INNOVATORS
             15.3.4 EMERGING COMPANIES
     15.4 STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS)
     15.5 BUSINESS STRATEGY EXCELLENCE (25 PLAYERS)
     15.6 COMPETITIVE SITUATIONS AND TRENDS
             15.6.1 PRODUCT LAUNCHES
             15.6.2 PARTNERSHIPS, AGREEMENTS, & JOINT VENTURES
             15.6.3 EXPANSION
             15.6.4 MERGERS & ACQUISITIONS

16 COMPANY PROFILES (Page No. - 114)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     16.1 KEY PLAYERS
             16.1.1 II-VI
             16.1.2 LUMENTUM
             16.1.3 AMS
             16.1.4 TRUMPF
             16.1.5 BROADCOM
             16.1.6 LEONARDO ELECTRONICS (LASERTEL)
             16.1.7 MKS INSTRUMENTS
             16.1.8 SANTEC
             16.1.9 VERTILAS
             16.1.10 VERTILITE
     16.2 OTHER PLAYERS
             16.2.1 ALIGHT TECHNOLOGIES
             16.2.2 COHERENT
             16.2.3 FLIR
             16.2.4 INNEOS
             16.2.5 IQE
             16.2.6 THORLABS
             16.2.7 TRILUMINA
             16.2.8 TT ELECTRONICS
             16.2.9 USHIO AMERICA
             16.2.10 WIN SEMICONDUCTORS
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

17 APPENDIX (Page No. - 145)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS


LIST OF TABLES (71 Tables)

TABLE 1 VCSEL MARKET SIZE, BY VALUE (USD MILLION) & BY VOLUME (MILLION UNITS), 2017–2025
TABLE 2 VCSEL MARKET, BY TYPE, 2017–2025 (USD MILLION)
TABLE 3 VCSEL MARKET FOR SINGLE-MODE TYPE, BY MATERIAL, 2017–2025 (USD MILLION)
TABLE 4 VCSEL MARKET FOR MULTIMODE TYPE, BY MATERIAL, 2017–2025 (USD MILLION)
TABLE 5 VCSEL MARKET, BY MATERIAL, 2017–2025 (USD MILLION)
TABLE 6 VCSEL MARKET FOR GAAS MATERIAL, BY TYPE, 2017–2025 (USD MILLION)
TABLE 7 VCSEL MARKET FOR INP MATERIAL, BY TYPE, 2017–2025 (USD MILLION)
TABLE 8 VCSEL MARKET FOR OTHER MATERIALS, BY TYPE, 2017–2025 (USD MILLION)
TABLE 9 VCSEL MARKET, BY WAVELENGTH, 2017–2025 (USD MILLION)
TABLE 10 VCSEL MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 11 VCSEL MARKET, BY DATA RATE FOR DATA COMMUNICATION, 2017–2025 (USD MILLION)
TABLE 12 VCSELS WITH DATA RATE UP TO 10 GBPS
TABLE 13 VCSELS WITH 10.1–25 GBPS DATA RATE
TABLE 14 VCSELS WITH DATA RATE ABOVE 25 GBPS
TABLE 15 VCSEL MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 16 VCSEL MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2025 (USD MILLION)
TABLE 17 VCSEL MARKET FOR DATA CENTER, BY REGION, 2017–2025 (USD MILLION)
TABLE 18 VCSEL MARKET FOR AUTOMOTIVE, BY REGION, 2017–2025 (USD MILLION)
TABLE 19 VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL, BY REGION, 2017–2025 (USD MILLION)
TABLE 20 VCSEL MARKET FOR HEALTHCARE, BY REGION, 2017–2025 (USD MILLION)
TABLE 21 VCSEL MARKET FOR MILITARY, BY REGION, 2017–2025 (USD MILLION)
TABLE 22 VCSEL MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 23 VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 24 VCSEL MARKET IN NORTH AMERICA, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 25 VCSEL MARKET IN NORTH AMERICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 26 VCSEL MARKET IN NORTH AMERICA FOR DATA CENTER, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 27 VCSEL MARKET IN NORTH AMERICA FOR AUTOMOTIVE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 28 VCSEL MARKET IN NORTH AMERICA FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 29 VCSEL MARKET IN NORTH AMERICA FOR HEALTHCARE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 30 VCSEL MARKET IN NORTH AMERICA FOR MILITARY, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 31 VCSEL MARKET IN US, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 32 VCSEL MARKET IN CANADA, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 33 VCSEL MARKET IN MEXICO, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 34 VCSEL MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 35 VCSEL MARKET IN EUROPE, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 36 VCSEL MARKET IN EUROPE FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 37 VCSEL MARKET IN EUROPE FOR DATA CENTER, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 38 VCSEL MARKET IN EUROPE FOR AUTOMOTIVE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 39 VCSEL MARKET IN EUROPE FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 40 VCSEL MARKET IN EUROPE FOR HEALTHCARE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 41 VCSEL MARKET IN EUROPE FOR MILITARY, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 42 VCSEL MARKET IN UK, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 43 VCSEL MARKET IN GERMANY, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 44 VCSEL MARKET IN FRANCE, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 45 VCSEL MARKET IN REST OF EUROPE, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 46 VCSEL MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 47 VCSEL MARKET IN APAC, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 48 VCSEL MARKET IN APAC FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 49 VCSEL MARKET IN APAC FOR DATA CENTER, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 50 VCSEL MARKET IN APAC FOR AUTOMOTIVE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 51 VCSEL MARKET IN APAC FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 52 VCSEL MARKET IN APAC FOR HEALTHCARE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 53 VCSEL MARKET IN APAC FOR MILITARY, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 54 VCSEL MARKET IN CHINA, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 55 VCSEL MARKET IN JAPAN, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 56 VCSEL MARKET FOR SOUTH KOREA, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 57 VCSEL MARKET FOR REST OF APAC, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 58 VCSEL MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 59 VCSEL MARKET IN ROW, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 60 VCSEL MARKET IN ROW FOR CONSUMER ELECTRONICS, BY REGION, 2017–2025 (USD MILLION)
TABLE 61 VCSEL MARKET IN ROW FOR DATA CENTER, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 62 VCSEL MARKET IN ROW FOR AUTOMOTIVE, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 63 VCSEL MARKET IN ROW FOR COMMERCIAL & INDUSTRIAL, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 64 VCSEL MARKET IN ROW FOR HEALTHCARE, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 65 VCSEL MARKET IN ROW FOR MILITARY, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 66 VCSEL MARKET IN SOUTH AMERICA, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 67 VCSEL MARKET IN MIDDLE EAST & AFRICA, BY INDUSTRY, 2017–2025 (USD MILLION)
TABLE 68 PRODUCT LAUNCHES, 2018–2020
TABLE 69 PARTNERSHIPS, AGREEMENTS, & COLLABORATIONS, 2019–2020
TABLE 70 EXPANSION, 2017–2018
TABLE 71 MERGERS & ACQUISITIONS, 2017-2020
 
 
LIST OF FIGURES (40 Figures)
 
FIGURE 1 VCSEL MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
FIGURE 2 VCSEL MARKET: RESEARCH DESIGN
FIGURE 3 VCSEL MARKET: BOTTOM-UP APPROACH
FIGURE 4 VCSEL MARKET: TOP-DOWN APPROACH
FIGURE 5 DATA TRIANGULATION
FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY
FIGURE 7 MULTIMODE TYPE OF VCSEL TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 8 GALLIUM ARSENIDE (GAAS) BASED VCSELS TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 9 CONSUMER ELECTRONICS TO LEAD VCSEL MARKET DURING FORECAST PERIOD
FIGURE 10 VCSEL MARKET IN APAC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 INCREASING INTEGRATION OF 3D SENSING APPLICATIONS IN SMARTPHONES TO BOOST GROWTH OF THE VCSEL MARKET
FIGURE 12 CHINA MARKET AND CONSUMER ELECTRONICS SEGMENT HELD LARGEST MARKET SHARES OF THE APAC VCSEL MARKET, BY COUNTRY AND INDUSTRY, RESPECTIVELY, IN 2019
FIGURE 13 VCSELS OPERATING IN NIR WAVELENGTH TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 14 CHINA TO RECORD HIGHEST CAGR IN VCSEL MARKET DURING FORECAST PERIOD
FIGURE 15 VCSEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 16 VALUE CHAIN ANALYSIS OF VCSEL ECOSYSTEM
FIGURE 17 MARKET FOR MULTIMODE TYPE VCSEL TO HOLD LARGER SHARE DURING FORECAST PERIOD
FIGURE 18 GAAS-BASED VCSELS TO HOLD THE LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 19 NIR WAVELENGTH TO HOLD LARGEST MARKET SHARE
FIGURE 20 SENSING APPLICATION SEGMENT TO HOLD THE LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 21 MARKET FOR VCSELS OPERATING ABOVE 25 GBPS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 22 CONSUMER ELECTRONICS INDUSTRY TO HOLD THE LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 23 EUROPE TO HOLD THE LARGEST MARKET SHARE OF AUTOMOTIVE VCSEL MARKET DURING FORECAST PERIOD
FIGURE 24 VCSEL MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 25 SNAPSHOT: NORTH AMERICA VCSEL MARKET
FIGURE 26 SNAPSHOT: EUROPE VCSEL MARKET
FIGURE 27 SNAPSHOT: APAC VCSEL MARKET
FIGURE 28 VCSEL MARKET IN SOUTH AMERICA TO HOLD LARGEST SHARE IN ROW DURING FORECAST PERIOD
FIGURE 29 PLAYERS IN VCSEL MARKET ADOPTED PRODUCT LAUNCH AS THEIR KEY STRATEGY FOR BUSINESS EXPANSION FROM 2017 TO 2020
FIGURE 30 MARKET RANKING OF MAJOR PLAYERS IN THE VCSEL MARKET, 2019
FIGURE 31 VCSEL MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 32 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN VCSEL MARKET
FIGURE 33 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN VCSEL MARKET
FIGURE 34 II-VI: COMPANY SNAPSHOT
FIGURE 35 LUMENTUM: COMPANY SNAPSHOT
FIGURE 36 AMS: COMPANY SNAPSHOT
FIGURE 37 TRUMPF: COMPANY SNAPSHOT
FIGURE 38 BROADCOM: COMPANY SNAPSHOT
FIGURE 39 MKS INSTRUMENTS: COMPANY SNAPSHOT
FIGURE 40 SANTEC: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the global VCSEL market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the VCSEL market begins with capturing data on revenues of the key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the VCSEL market. Vendor offerings have also been considered to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, and regulatory bodies.

Primary Research

The VCSEL market comprises several stakeholders, such as wafer manufacturers and suppliers, integrated device manufacturers, and original equipment manufacturers. Demand-side of this market includes end-users from various industries such as consumer electronics, data center, and automotive. Several primary interviews have been conducted with market experts from both the demand and supply sides across four major regions: North America, Europe, APAC, and RoW to gather qualitative and quantitative information. Following is the breakdown of primary respondents.

VCSEL Market

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

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the overall size of the VCSEL market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in major applications and markets have been identified through extensive secondary research.
  • The industry's supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • Players offering different material-based VCSELs such as gallium arsenide, indium phosphide, and others and offering VCSELs for different applications are considered, and their revenues are observed to arrive at a global number.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides in the VCSEL market.

Report Objectives

  • To describe and forecast the VCSEL market by type, material, data rate, wavelength , application, and industry in terms of value
  • To describe and forecast the market for various segments with regards to main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
  • To provide detailed information regarding major factors including drivers, restraints, opportunities, and challenges that influence the growth of the VCSEL market
  • To provide a detailed overview of the value chain pertaining to the VCSEL ecosystem
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To strategically profile key players and comprehensively analyze their market position in terms of revenue and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze competitive developments such as acquisitions, agreements, partnerships, and product launches in the VCSEL market
  • To benchmark players within the market using proprietary “Competitive Leadership Mapping” framework, which analyzes market players on various parameters within the broad categories of business and product strategy

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for the VCSEL market report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5).
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Apr, 2020
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