The Global Vertical Cavity Surface Emitting Laser (VCSELs) Market is Expected to Grow at a CAGR of 21.9% During 2016 - 2022: P&S Market Research

27 Sep, 2016, 08:30 ET from P&S Market Research

NEW YORK, September 27, 2016 /PRNewswire/ --

According to market research titled "Global VCSELs Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Material (Gallium Nitride, Gallium Arsenide, Indium Phosphide, Others), by Color (Red, Green, Blue-Violet, Infrared, Others), by Application (Optical Fiber Data Transmission, Analog Broadband Signal Transmission, Absorption Spectroscopy, Laser Printers, Computer Mouse, Biological Tissue Analysis, Chip Scale Atomic Clock, Others)" by P&S Market Research, the global vertical cavity surface emitting laser (VCSELs) market is expected to grow at a CAGR of 21.9% during 2016 - 2022. Among the various types, the gallium arsenide segment held the largest share in the global VCSELs market in 2015.    

The advantages associated with VCSELs over conventional diodes are driving the growth of the   global VCSELs market. The other drivers for the market include availability of cost-effective VCSELs and their rapid deployment for high volume applications.

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VCSELs offer reliability, high precision and efficiency in optical sensors based on scattering, transmission, absorption, self-mixing, reflection, interference, and others. For instance, VCSELs are universal in applications using reflective sensors and scattering or imaging techniques to perceive objects or moving objects. Greater precision has increased the adoption of VCSELs in medical applications, such as medical diagnostics and therapeutics, optical nerve stimulation, computed radiography imaging. Multi-element VCSEL arrays offers around 1 W of CW optical power, low facet power density while providing high wallplug efficiency. Owing to this, various applications including LiDAR, aerospace, night vision, illumination, and line-of-sight communication links operating at 3 Gbps and higher have observed increase in demand of VCSELs. Proximity is measured by transmitting light and sensing reflections from nearby objects. Superior power efficiency over LEDs has increase the adoption of VCSELs in proximity sensing applications, which is further fueling the growth of the market.

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With increasing demand for high speed data network, the demand of VCSELs in-turn is expected to continue during the forecast period. Moreover, with growing demand of 1Gbps POF based home networking market, data communication industry have witnessed proliferation in demand of low cost VCSELs. As POF based home networking is a consumer product, the usage of lower cost VCSELs is anticipated to increase market penetration and in-turn propel the growth of the VCSELs market during the forecast period. Due to the restriction of escalating the rotational frequency of the polygonal mirror, an array of mirror is a way to make speed improvement. Therefore VCSELs are preferred in laser printers. The market has witnessed the usage of VCSELs in some high end laser printers; however, the exponential growth in usage of VCSELs arrays is expected from laser printers manufacturers, in order to obtain competitive advantage over others.

Some of the key companies operating in the global VCSELs market include Alight Technologies A/S, Avago Technologies, Finisar Corporation, Phillips Photonics, Litrax Technology Co., Ltd., Sumitomo Electric Industries Ltd., PD-LD, Inc., OECA Optoelectronics Component and Applications GmbH, and Sacher Lasertechnik GmbH.

GLOBAL VCSELs MARKET SEGMENTATION 

By Material 

  • Gallium Nitride (GaN)
  • Gallium Arsenide (GaAs)
  • Indium Phospide (InP)
  • Others

By Color 

  • Red
  • Green
  • Blue-Violet
  • Infrared
  • Others

By Application 

  • Optical Fiber Data Transmission
  • Analog Broadband Signal Transmission Cement
  • Absorption Spectroscopy (TDLAS)
  • Laser Printers
  • Computer Mouse
  • Biological Tissue Analysis
  • Chip Scale Atomic Clock
  • Others

GEOGRAPHICAL SEGMENTATION 

By Region 

  • North America
    • U.S.
    • Rest of North America
  • Latin America
    • Brazil
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa (MEA)
    • U.A.E.
    • South Africa
    • Rest of MEA

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SOURCE P&S Market Research