VCSEL is a specialized laser diode that can transmit data at high speeds over short distances through optical networks. These devices are being increasingly preferred over edge-emitting lasers (EEL) due to their lower cost of manufacturing, high optical efficiency, and significantly higher data rates in short range optical communication. These benefits of VCSELs have resulted into their deployment in critical applications in several sectors such as data communication, consumer electronics industrial, healthcare and automotive. This report segments the VCSEL market on the basis of its key application areas, major end users in different sectors, and geography.
VCSELs were made commercially available in 1996 and since then, short range optical data communication has been their biggest application. The other applications of VCSEL covered in this report include sensing, infrared illumination, pumping, and industrial heating. The VCSEL market is segmented on the basis of end users into data center, consumer electronics, automotive, industrial, healthcare, and other sectors.
The VCSEL market size is valued at USD 611.3 million in 2014 and is expected to grow at a CAGR of 21.99% during the forecast period from 2015 to 2020. This market is projected to exhibit the fastest growth in emerging applications such as infrared illumination, pumping, and industrial heating. Amongst end users, market for the automotive sector is presumed to grow at the highest CAGR of 25.81% from 2015 to 2020. North American region was found to be the largest market for VCSELs, in terms of geography, while the growth rate is expected to be the highest in APAC region during the forecast period.
Some of the prominent companies in this market include Finisar Corporation (U.S.), Avago Technologies (Singapore and U.S.), JDS Uniphase Corporation (U.S.), and Philips Photonics (Netherlands).
