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Global Vertical Cavity Surface Emitting Laser Market
Posted: Nov 07, 2019
Global Vertical Cavity Surface Emitting Laser Market (VCSELs) was valued US$1.175 Bn in 2017 and is anticipated to reach US$7.847 Bn by 2026 at a CAGR of about 23.5 % during a forecast.
The report on "Vertical Cavity Surface Emitting Laser (VCSELs)" is segmented by raw materials, by application, and by region. Based on raw materials vertical cavity surface emitting laser (VCSELs) market is divided into gallium nitride (GaN), gallium arsenide (GaAs), and indium phosphide (InP). Based on application vertical cavity surface emitting laser (VCSELs) market is bifurcated into optical fiber data transmission, absorption spectroscopy, analog broadband signal transmission, computer mice, laser printers, biological tissue analysis, and chip scale atomic clocks. Regionally into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Vertical cavity surface emitting lasers (VCSEL) is more precisely laser diodes which are semiconductor lasers with monolithic laser resonator. Vertical cavity surface emitting lasers (VCSEL) is majorly used over conventional counterparts. These include high compatibility with other circuits and detectors, scalability, high reliability, packageability, and consumption of low power. An increasing rate of adoption of VCSELs in emerging applications, such as GPS, atomic clocks, magnetometers, and proximity sensing attributed high growth of the VCSELs Market. This is a key advantage of vertical cavity surface emitting lasers (VCSELs) over edge-emitting lasers and helps in lowering significant production cost.
Gallium arsenide (GaAs) is dominating the vertical cavity surface emitting laser (VCSELs) Market. Gallium arsenide (GaAs) based VCSELs holds significant position and estimated to maintain the forecasting period. Indium phosphide (InP) is second most dominating the vertical cavity surface emitting laser (VCSELs) market with significant CAGR. The gallium nitride (GaN) based VCSELs have lack of conductivity which has limited growth in the forecasting period.
Among chip-scale atomic clocks, biological tissue analysis, computer mice, laser printers, absorption spectroscopy, analog broadband signal transmission and optical fiber data transmission of VCSELs applicant, optical fiber data transmission holds the largest market share in forecasting period and holds its position in upcoming years. Laser printers are estimated as the second largest Market share followed by computer mice. The new application of VCSELs is chip-scale atomic clocks which are relatively expected to gain popularity during the forecast period. Biological tissue analysis for VCSEL especially raises public awareness regarding health issues and the increase in the incidence of diseases, such as cancer.
Based on geography, Europe held the major share of the market which is followed by North America, Asia Pacific and rest of the world (RoW). Countries of Europe for VCSEL market bound back from the recent depression and thus the economy is stabilizing it is strengthening the VCSEL Market in this region. Countries in rest of the world (RoW), which includes countries in the Middle East, South America, and Latin America, are also showing promise and the growth of VCSELs market is expected to be impressive.
QE Public Limited Company, Finisar Corporation, Newport Corporation, Broadcom Ltd, II-VI Incorporated, Coherent, Inc, Panasonic Corporation, Princeton Optronics, Inc., Lumentum Holdings, Inc., IQE Public Limited Company, Finisar Corporation, Broadcom Limited, Royal Philips Electronics N.V, Schneider Electric SA
For More Information Visit: https://www.maximizemarketresearch.com/market-report/global-vertical-cavity-surface-emitting-laser-market/19713/Scope of the Vertical Cavity Surface Emitting Laser Market (VCSELs)
Vertical Cavity Surface Emitting Laser Market (VCSELs) by Raw Materials:
- Gallium Nitride (GaN)
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP)
Global Vertical Cavity Surface Emitting Laser Market (VCSELs) by Application:
- Optical Fiber Data Transmission
- Absorption Spectroscopy
- Analog Broadband Signal Transmission
- Computer mice
- Laser Printers
- Biological tissue analysis
- Chip Scale Atomic Clocks
Global Vertical Cavity Surface Emitting Laser Market (VCSELs) by Region:
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Key Players analyzed in Global Vertical Cavity Surface Emitting Laser Market (VCSELs):
- QE Public Limited Company
- Finisar Corporation
- Newport Corporation
- Broadcom Ltd
- II-VI Incorporated
- Coherent, Inc
- Panasonic Corporation
- Princeton Optronics, Inc.
- Lumentum Holdings, Inc.
- IQE Public Limited Company
- Finisar Corporation
- Broadcom Limited
- Royal Philips Electronic N.V
- Schneider Electric SA
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