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Market Leadership - VCSEL Market


The VCSEL market is expected to grow from USD 1.79 billion in 2018 to USD 3.89 billion by 2023, at a CAGR of 16.9% from 2018 to 2023. The VCSEL market is highly competitive with the presence of numerous big and small players. The market is dominated by the companies in the Americas, followed by those in Europe and APAC. As of 2017, the VCSEL market was dominated by Finisar (US), Lumentum (US), Philips Photonics (Germany), II-VI (US), and Broadcom (US). While the big players dominate the market through their brand image, the small players offer low-cost components and generate pricing pressure in the market. As of 2017, other key VCSEL players were IQE (UK), AMS Technologies (Germany), Vixar (US), Santec (Japan), and VERTILAS (Germany).

Most players have adopted the strategies of expansions and acquisitions to increase their geographic reach, enhance their product portfolio, and strengthen their position in the global market. Other strategies adopted by these players include product launches, collaborations, and partnerships. These strategies have been adopted to strengthen and diversify product portfolios, cater to the unmet and growing needs of customers, diversify product offerings and technology portfolios, expand sales and distribution networks, reduce manufacturing costs, and increase market shares.

Finisar is one of the leading global vendors of optical communication technology and related subsystems that provide high-speed communication for networking, storage, wireless, and cable TV applications. The company was founded in 1987 and is headquartered in California, US. The company manufactures transmitters, receivers, transponders, transceivers, and optical fibers for optical subsystems. These systems are extensively used in optical–electrical interfaces to build communication networks, along with switches, servers, and routers in both wireline and wireless networks. The company’s optical components include receivers, lasers, and other components that can be used in telecommunication and data communication applications. Finisar’s core strategy is to grow organically through product launches. For this, the company spends ~15% of its revenue on the R&D of active and passive optical components, including VCSELs. For example, in January 2018, Finisar demonstrated VCSEL technology for 3D depth-sensing applications such as 3D facial recognition in consumer mobile devices at Photonics West 2018.

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Lumentum is a global technology firm that develops and manufactures optical communication products and industrial lasers. The company was formed in August 2015 as a result of the spin-off of the JDS Uniphase’s (US) business segments into 2 companies - Viavi Solutions (US) and Lumentum. The company is headquartered in California, US. Lumentum operates through 2 business segments - Optical Communications (OpComms) and Lasers. The Optical Communications segment provides optical transceivers that are equipped with VCSELs, and subsystems for telecom, data center, enterprise, metro optics, and other applications. The Lasers segment provides various commercial as well as 3D sensing and industrial diode lasers. Diode lasers offered by the company include edge-emitting diode laser, fiber-coupled diode laser, and VCSELs. The company focuses on product developments as well as acquisitions, which has provided a platform for all optical networks in the past, and may follow this approach in the future. In 2018, Lumentum acquired Oclaro (US), a leader in optical components and modules for the long-haul, metro, and data center markets, for USD 1.8 billion in cash and stock.

Related Reports:

VCSEL Market by Material (GaAs, InP, GaN), Type (Single Mode and Multimode), Application (Data Communication, Sensing, IR Illumination, Pumping, Industrial Heating, and Emerging Applications), End User, and Geography - Global Forecast to 2023

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