The VCSEL market was valued at USD 611.3 Million in 2014, and is projected to grow at a CAGR of 21.99% from 2015 to 2020, expected to reach USD 2,105.3 Million by 2020.
The VCSEL market is expected to witness a high-growth phase from its traditional applications such as optical data communication and sensing as well as emerging applications like infrared illumination, pumping, and industrial heating. The demand for VCSEL devices from data communication application is set to receive a boost with the construction of new data centers for data analytics and cloud computing solutions. At the same time, the development of high-power VCSEL devices is generating demand in pumping and industrial heating applications. These recent breakthroughs are expected to not only drive the VCSEL market growth in the coming years, but also lead to introduction new market segments.
In the report, the VCSEL market is segmented by application, end user, and geography covering all the existing and emerging sectors in this market. The applications of VCSEL include data communication, sensing, infrared illumination, pumping, and industrial heating. The report provides the market analysis for the major end users of VCSEL, namely, data centers, consumer electronics, automotive, industrial, healthcare, and other sectors. It also provides qualitative insights regarding the current developments in each of these applications and end users. The market for the automotive sector is expected to grow at the highest CAGR of 25.81% during the forecast period.
The VCSEL market has been covered for four geographical regions, namely, the North America, Europe, Asia-Pacific, and Rest of the World (RoW). The North American region is estimated to account for a large share of this market, whereas the Asia-Pacific region is expected to witness the highest CAGR of 23.80% during the forecast period.
Some of the major players in this report are Finisar Corporation (U.S.), Avago Technologies (Singapore & U.S.), JDS Uniphase Corporation (U.S.), Philips Photonics (Netherlands), and Princeton Optronics, Inc. (U.S.).
