VCSEL market is set to witness tremendous growth over following years. allowing it to record a remuneration of USD 5 billion by 2027. Proliferation of data centers on global fronts, coupled with rising adoption of digital solutions is generating enormous amounts of data which has accelerated the adoption of technologies offering high speed and efficient data transmission. One of such technologies are Vertical-Cavity Surface-Emitting Lasers which is observing elevating demand across various industry verticals such as healthcare, automobile, Defense, Aerospace, etc.

Considering the humongous applications of Vertical-Cavity Surface-Emitting Lasers, various industry players such as TT Electronics, Lumentum Operations LLC, TRUMPF, ams AG, Broadcom, VERTILAS GmbH, Leonardo Electronics US, Inc., etc. are developing advanced solutions which are opening new growth opportunities for the VCSEL market. For instance, in 2020, Lumentum Holdings Inc. introduced three new technological breakthroughs in terms of high-speed data communication laser chips aimed at widening its product portfolio for to facilitate the development of hyperscale data centers as well as 5G wireless applications. One of these technologies was its 50G PAM4 VCSEL designed especially for High-Speed Short Reach Optical Networks.

Get a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4920

An insight into the major segments that are favoring the market space is outlined as under:

Based on the material type, gallium nitride segment had recorded a market share of around 6.5% in 2020 and is expected to grow over time as these VCSEL are gaining considerable attention worldwide majorly due to excellent features such as low threshold current, high efficiency, array formation capability and lower manufacturing costs. These features of GaN-based VCSELs can potentially replace the usage of conventional LEDs for projectors, optical storage, laser printer, biosensors, solid-state lighting and several optical communications.

In terms of wavelength, VCSEL with < 1,050 nm wavelength are gaining immense popularity owing to their ability to transmit large data across data centers and enterprise networks. Growing size of data centers has impelled the demand for VCSEL market of higher wavelength for delivering the data transmission of more than 500m. This has increased the adoption of 1,050 nm VCSEL for facilitating high-speed operation with multi-mode fiber. Further, industry players are inclined on developing innovative high wavelength VCSEL to effectively meet the high consumer demand. In 2020, ThorLabs announced that its VCSEL of 1,060nm wavelength is used in Atria Optical Coherence tomography, which includes scanning electronics, interferometer and control software. Considering these factors, <1,050 nm VCSEL segment is anticipated to record a CAGR of 11.5% through 2027. For the records, in 2020, the segment had held notable market share of 5.5%.

Based on application bifurcation, heating & laser printing segment secured a market share of 9% in 2020 and is projected observe a lucrative CAGR of 20.6% through 2027 on account of increasing demand of VCSEL due to the benefits offered by it. VCSEL can be utilized even without additional optics and provide intense and highly directed infrared radiation which has fueled its adoption in industrial heating systems. VCSELs also offer improved optical efficiency, smaller footprint and is cost-effective which is instigating their application in high-definition and high-speed printing. Besides, growing digitalization in the industrial sector along with emerging trend of digital image processing is favoring the installation of VCSEL in offset printers as it helps in cleaning narrow lines and producing vivid images in offset printing.

Based on industry vertical, automotive segment is set to record a robust CAGR of 15% through 2027 owing to significant rise in in-cabin sensing applications in vehicles favoring the development of autonomous technology. Several prominent automotive OEMs are increasingly focusing on incorporation of autonomous technology in upcoming vehicle models to gain a competitive advantage in the industry. For instance, in 2021, leading automobile company Honda announced collaboration with General Motors and its spinoff Cruise for accelerating its autonomous vehicle mobility business in Japan. Such strategic initiatives are positively influencing VCSEL market space. Citing another instance, in 2021, ams AG launched new TARA2000-AUT series of VCSEL, offering 3D Time-of-Flight sensing in autonomous applications.

Request for customization @ https://www.decresearch.com//roc/4920

In terms of regional outlook, VCSEL market in Europe secured a sizeable market share of 18% in 2020 and is expected to register a significant CAGR of around 19.5% through 2027. The growth can be credited to thriving semiconductor industry in the region backed by supportive government initiatives. As a result of COVID-19 outbreak, supply chain of the regional industry was affected which urged the market players to reduce their dependency on Asian countries. This in turn increased investment activities in regional semiconductor industry, which is highly complementing VCSEL business across Europe.

Citing an instance, in 2020, the European Union introduced a joint initiative to augment the processor and semiconductor ecosystem in the region. In addition, the government has also announced its plans to invest USD 176 billion towards the R&D activities pertaining with semiconductor technology for next two to three years.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definition

1.2    Methodology & forecast

1.3    Data Sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2   Executive Summary

2.1    VCSEL market 360⁰ synopsis, 2016 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Type trends

2.1.4    Material type trends

2.1.5    Wavelength trends

2.1.6    Application trends

2.1.7    Industry vertical trends

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/vertical-cavity-surface-emitting-lasers-vcsel-market

About Us: –

DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed ‘Table of Contents’ for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

Contact Us: –

DecResearch.com

Website: – https://www.decresearch.com

Email: [email protected]