PUNE, India, October 22, 2015 /PRNewswire/ --
According to a new market research report "VCSEL Market by Application (Data Communication, Sensing, Infrared Illumination, Industrial Heating), End User (Data Center, Consumer Electronics, Automotive, Industrial, Healthcare, and Others) and Geography - Forecast to 2020", published MarketsandMarkets, the total market size is expected to reach USD 2,105.3 Million by 2020.
Browse 70 market data Tables and 56 Figures spread through 145 Pages and in-depth TOC on "VCSEL Market - Forecast to 2020"
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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.
One of the objectives of the report is to analyze trends for each of the VCSEL Market segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses such as Porter's five forces analysis, value chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges for the growth of this market.
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.
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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.).
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