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Published Date: 2016-11-02Number of Pages: 98

Vertical Cavity Surface Emitting Laser (VCSELs) Market (Raw Materials - Gallium Nitride (GaN), Gallium Arsenide (GaAs), and Indium Phosphide (InP); Applications - Optical Fiber Data Transmission, Analog Broadband Signal Transmission, Absorption Spectroscopy, Laser Printers, Computer mice, Biological tissue analysis, and Chip Scale Atomic Clocks) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Vertical Cavity Surface Emitting Laser (VCSELs) Market: Snapshot

VCSEL stands for vertical cavity surface emitting lasers. There is a current demand for efficient, low-cost, and compact illumination systems, replacing traditional thermal imaging systems. VCSELs are used for infrared illuminations since they offer a host of advantages, including low cost, high reliability, efficiency, narrow emission spectrum, and a low diverging cylindrical beam. Infrared illuminators, in turn, find application in surveillance, imaging, covert operations, and detection in several end-use industries such as the military. This has had a considerable impact on the demand for VCSELs.

The global market for VCSELs was valued at US$775.2 mn in 2015 and is expected to reach US$4,728.8 mn by 2024, growing at an impressive CAGR of 22.3% during the forecast period.

Optical Fiber Data Transmission Accounts for Dominant Share by Application

By raw material, the global VCSELs market is segmented into indium phosphide (InP), gallium arsenide (GaAs), gallium nitride (GaN), and others materials such as InGaAsN and AlGaAs. Gallium arsenide (GaAs) wafer-based VCSELs held the dominant share in the market in 2015 due to their compatibility with cavities between 800nm and 900nm. This has enabled the raw material to gain significant demand in the optical communications market.

On the basis of application, the global VCSELs market is categorized into chip scale atomic clocks, biological tissue analysis, computer mice, laser printers, absorption spectroscopy, analog broadband signal transmission, optical fiber data transmission, and others. Optical fiber data transmission held the leading share in 2015 and is expected to expand at a steady pace during the forecasted period. This is can be attributed to a growing network bandwidth worldwide.

vertical cavity surface emitting laser market

Investments by U.S. Government in VCSEL Development Driving North America Market

In 2015, Europe dominated the global VCSELs market, primarily due to the recovery of several European economies from the debt-crisis. Countries in the region have been showing signs of recovery and as the euro strengthens, many manufacturers are renewing their production. This has provided the VCSELs market a vital boost.

The VCSELs market in North America has grown significantly over the years. The major trend that has supported this growth is heavy investments by the U.S. government in new VCSEL defense developments. Another factor driving the market in North America is the research undertaken by universities in this region to develop more efficient and stable laser diodes. The presence of many global semiconductor companies specializing in laser diodes has also benefited this market.

Asia Pacific is estimated to be a significantly attractive market for VCSELs manufacturers mainly because of the large-scale industrialization in this part of the world. Large companies are often inclined to opening subsidiaries or branches in emerging economies such as India in order to take advantage of cheap labor. The rapid growth of industrial automation in Asia is another factor boosting the demand for VCSELs in this region. The increasing demand for computers, LED displays, and communication devices in developing APAC countries is likely to lend a boost to the VCSELs market.

Key players in the VCSELs market include IQE Public Limited Company (United Kingdom), Finisar Corporation (United States), Broadcom Limited (Singapore), II-VI Incorporated (United States), Coherent, Inc. (United States), Panasonic Corporation (Japan), Newport Corporation (United States), Royal Philips Electronics N.V (Netherlands), Princeton Optronics Inc (United States), and Lumentum Holdings, Inc. (United States).

Chapter 1 Preface
1.1 Report Scope
1.2 Market Segmentation
1.3 Research Scope
1.4 Research Objectives
1.5 Key Questions Answered 

Chapter 2 Assumption and Research Methodology 
2.1 Report Assumptions 
2.2 Acronyms Used 

Chapter 3 Executive Summary
3.1 Global VCSELs Market Snapshot 

Chapter 4 Market Dynamics
4.1 Overview
4.2 Key Trends Analysis
4.3 Drivers and Restraints Snapshot Analysis
4.4 Drivers
4.5 Restrains
4.6 Oppurtunity Analysis
4.7 Company Market Share Analysis
4.8 Competitive Strategies Adopted By Major Players
4.9 Supply Chain Analysis

Chapter 5 VCSEL Market Analysis, by Raw Materials
5.1 Introduction
      5.1.1 Global VCSEL Market Value Share Analysis, by Raw Materials
      5.1.2 Global VCSEL Market Revenue and Forecast, By Raw Materials
5.2 Gallium Arsenide (GaAs)
5.3 Gallium Nitride (GaN)
5.4 Indium Phosphide (InP)
5.5 Others (AlGaAs, InGaAsN, etc.)

Chapter 6 VCSEL Market Analysis, by Application
6.1 Introduction
      6.1.1 Global VCSEL Market Value Share Analysis, by Application
      6.1.2 Global VCSEL Market Revenue and Forecast, By Application
6.2 Optical fiber data transmission
6.3 Analog broadband signal transmission
6.4 Absorption Spectroscopy
6.5 Laser Printers
6.6 Computer mice
6.7 Biological tissue analysis
6.8 Chip scale atomic clocks
6.9 Other applications

Chapter 7 VCSEL Market Analysis, by Region
7.1 North America
7.2 Europe
7.3 Asia Pacific
7.4 Rest of the World (RoW)
7.5 Geographical Scenario
7.6 VCSEL Market Value Share Analysis, by Region
7.7 VCSEL Market Revenue and Forecast, by Region

Chapter 8 North America VCSEL Market Analysis
8.1 North America VCSEL Market Value Share Analysis, by Raw Materials
8.2 North America VCSEL Market Revenue and Forecast, by Raw Materials
8.3 North America VCSEL Market Value Share Analysis, by Applications
8.4 North America VCSEL Market Revenue and Forecast, by Applications
8.5 North America VCSEL Market Value Share Analysis, by Country Type
8.6 North America VCSEL Market Revenue and Forecast, by Country Type
8.7 U.S. VCSEL Market Analysis
8.8 Canada. VCSEL Market Analysis
8.9 Mexico VCSEL Market Analysis

Chapter 9 Europe VCSEL Market Analysis
9.1 Europe VCSEL Market Value Share Analysis, by Raw Materials
9.2 Europe VCSEL Market Revenue and Forecast, by Raw Materials
9.3 Europe VCSEL Market Value Share Analysis, by Applications
9.4 Europe VCSEL Market Revenue and Forecast, by Applications
9.5 Europe VCSEL Market Value Share Analysis, by Country Type
9.6 Europe VCSEL Market Revenue and Forecast, by Country Type
9.7 U.K. VCSEL Market Analysis
9.8 Germany VCSEL Market Analysis
9.9 France VCSEL Market Analysis
9.10 Italy VCSEL Market Analysis
9.11 Rest of Europe VCSEL Market Analysis

Chapter 10 Asia Pacific VCSEL Market Analysis
10.1 Asia Pacific VCSEL Market Value Share Analysis, by Raw Materials
10.2 Asia Pacific VCSEL Market Revenue and Forecast, by Raw Materials
10.3 Asia Pacific VCSEL Market Value Share Analysis, by Applications
10.4 Asia Pacific VCSEL Market Revenue and Forecast, by Applications
10.5 Asia Pacific VCSEL Market Value Share Analysis, by Country Type
10.6 Asia Pacific VCSEL Market Revenue and Forecast, by Country Type
10.7 China. VCSEL Market Analysis
10.8 India VCSEL Market Analysis
10.9 Japan VCSEL Market Analysis
10.10 Rest of Asia Pacific VCSEL Market Analysis

Chapter 11 Rest of the World (RoW) VCSEL Market Analysis
11.1 Rest of the World (RoW) VCSEL Market Value Share Analysis, by Raw Materials
11.2 Rest of the World (RoW) VCSEL Market Revenue and Forecast, by Raw Materials
11.3 Rest of the World (RoW) VCSEL Market Value Share Analysis, by Applications
11.4 Rest of the World (RoW) VCSEL Market Revenue and Forecast, by Applications
11.5 Rest of the World (RoW) VCSEL Market Value Share Analysis, by Country Type
11.6 Rest of the World (RoW) VCSEL Market Revenue and Forecast, by Country Type
11.7 South America. VCSEL Market Analysis
11.8 Middle East VCSEL Market Analysis
11.9 Africa  VCSEL Market Analysis

Chapter 12 Company Profiles
12.1 IQE Public Limited Company
      12.1.1. Company Details
      12.1.2. Company Description
      12.1.3 Business Overvie
      12.1.4. Recent Developments
      12.1.5. Breakdown of Net Sales by Region
      12.1.6. Revenue
      12.1.7.Strategic Overview
12.2 Finisar Corporation
      12.2.1. Company Details
      12.2.2. Company Description
      12.2.3 Business Overvie
      12.2.4. Recent Developments
      12.2.5. Breakdown of Net Sales by Region
      12.2.6. Revenue
      12.2.7.Strategic Overview
12.3 Broadcom Limited 
      12.3.1. Company Details
      12.3.2. Company Description
      12.3.3 Business Overvie
      12.3.4. Recent Developments
      12.3.5. Breakdown of Net Sales by Region
      12.3.6. Revenue
      12.3.7.Strategic Overview
12.4 II-VI Incorporated
      12.4.1. Company Details
      12.4.2. Company Description
      12.4.3 Business Overvie
      12.4.4. Recent Developments
      12.4.5. Breakdown of Net Sales by Region
      12.4.6. Revenue
      12.4.7.Strategic Overview
12.5 Coherent, Inc.
      12.5.1. Company Details
      12.5.2. Company Description
      12.5.3 Business Overvie
      12.5.4. Recent Developments
      12.5.5. Breakdown of Net Sales by Region
      12.5.6. Revenue
      12.5.7.Strategic Overview
12.6 Panasonic Corporation
      12.6.1. Company Details
      12.6.2. Company Description
      12.6.3 Business Overvie
      12.6.4. Recent Developments
      12.6.5. Breakdown of Net Sales by Region
      12.6.6. Revenue
      12.6.7 Strategic Overview
12.7 Newport Corporation
      12.7.1. Company Details
      12.7.2. Company Description
      12.7.3 Business Overvie
      12.7.4. Recent Developments
      12.7.5. Breakdown of Net Sales by Region
      12.7.6. Revenue
      12.7.7 Strategic Overview
12.8 Royal Philips Electronics N.V.
      12.8.1. Company Details
      12.8.2. Company Description
      12.8.3 Business Overvie
      12.8.4. Recent Developments
      12.8.5. Breakdown of Net Sales by Region
      12.8.6. Revenue
      12.8.7 Strategic Overview
12.9 Princeton Optronics, Inc
      12.9.1. Company Details
      12.9.2. Company Description
      12.9.3 Business Overvie
      12.9.4. Recent Developments
      12.9.5. Breakdown of Net Sales by Region
      12.9.6. Revenue
      12.9.7 Strategic Overview
12.10 Lumentum Holdings, Inc.
      12.10.1 Company Details
      12.10.2 Company Description
      12.10.3 Business Overvie
      12.10.4 Recent Developments
      12.10.5 Breakdown of Net Sales by Region
      12.10.6 Revenue
      12.10.7 Strategic Overview

List of Figures

FIG. 1 Research Methodology
FIG. 2 Executive Summary - Market Snapshot
FIG. 3 Executive Summary - Key trends, Drivers, and Restraints
FIG. 4 Executive Summary 
FIG. 5 Drivers and Restraints Snapshot Analysis 
FIG. 6 Opportunity Analysis 
FIG. 7 VCSEL Market Share Analysis By Company (2015) 
FIG. 8 Supply Chain Analysis 
FIG. 9 VCSEL Market Analysis By Raw Material - Introduction
FIG. 10 Global VCSEL Market Value Share Analysis By Raw Material, 2015 and 2024
FIG. 11 Global Gallium Nitride (GaN) Market Revenue (US$ Mn), 2015 – 2024 
FIG. 12 Global Gallium Arsenide (GaAs) Market Revenue (US$ Mn), 2015 – 2024 
FIG. 13 Global Indium  Phosphide Market Revenue (US$ Mn), 2015 – 2024 
FIG. 14 Global Other VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 15 VCSEL Market Analysis By Applications - Introduction
FIG. 16 VCSEL Market Analysis By Applications - Introduction (Continued)
FIG. 17 Global VCSEL Market Value Share Analysis By Applications, 2015 and 2024
FIG. 18 Global Optical fiber data transmission Market Revenue (US$ Mn), 2015 – 2024 
FIG. 19 Global Analog broadband signal transmission Market Revenue (US$ Mn), 2015 – 2024 
FIG. 20 Global Absorption Spectroscopy Market Revenue (US$ Mn), 2015 – 2024 
FIG. 21 Global Laser Printers Market Revenue (US$ Mn), 2015 – 2024 
FIG. 22 Global Computer Mice Market Revenue (US$ Mn), 2015 – 2024 
FIG. 23 Global Biological Tissue Analysis Market Revenue (US$ Mn), 2015 – 2024 
FIG. 24 Global Chip Scale Atomic Clocks Market Revenue (US$ Mn), 2015 – 2024 
FIG. 25 Global Other Applications Market Revenue (US$ Mn), 2015 – 2024 
FIG. 26 VCSEL Market Analysis, by Region – Geographical Scenario
FIG. 27 Global VCSEL Market Value Share Analysis, by Region, 2016 and 2024
FIG. 28 North America VCSEL Market Value Share Analysis By Raw Materials, 2015 and 2024
FIG. 29 North America VCSEL Market Value Share Analysis By Applications, 2015 and 2024
FIG. 30 North America Market Value Share Analysis By Country, 2015 and 2024 
FIG. 31 Europe VCSEL Market Analysis By Country
FIG. 32 U.S. VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 33 Canada VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 34 Mexico VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 35 Europe VCSEL Market Value Share Analysis By Raw Materials, 2015 and 2024
FIG. 36 Europe VCSEL Market Value Share Analysis By Applications, 2015 and 2024
FIG. 37 Rest of the World (RoW) VCSEL Market Value Share Analysis, By Raw Materials 
FIG. 38 Europe VCSEL Market Value Share Analysis By Country, 2015 and 2024
FIG. 39 Germany VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 40 U.K. VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 41 France VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 42 Italy VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 43 Rest of Europe VCSEL Market Revenue (US$ Mn), 2015 – 2024
FIG. 44 Asia Pacific VCSEL Market Value Share Analysis By Raw materials, 2015 and 2024
FIG. 45 Asia Pacific VCSEL Market Value Share Analysis By Applications, 2015 and 2024
FIG. 46 Asia Pacific VCSEL Market Value Share Analysis By Country, 2015 and 2024
FIG. 47 China VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 48 India VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 49 Japan VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 50 Rest of Asia Pacific VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 51 Rest of the World (RoW)  VCSEL Market Value Share Analysis By Raw Materials, 2015 and 2024
FIG. 52 Rest of the World (RoW) VCSEL Market Value Share Analysis By Material Type, 2015 and 2024
FIG. 52 Rest of the World (RoW) VCSEL Market Value Share Analysis By Country, 2015 and 2024
FIG. 53 South America VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 54 Middle East VCSEL Market Revenue (US$ Mn), 2015 – 2024 
FIG. 55 Africa VCSEL Market Revenue (US$ Mn), 2015 – 2024

List of Tables

TABLE 1 Global VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials, 2015–2024 
TABLE 2 Global VCSEL Market Revenue (US$ Mn) and Forecast, By Applications, 2015–2024 
TABLE 3 Global VCSEL Market Revenue (US$ Mn) and Forecast, by Region, 2014–2024 
TABLE 4 North America VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials, 2015–2024 
TABLE 5 North America VCSEL Market Revenue (US$ Mn) and Forecast, By Applications, 2015–2024 
TABLE 6 North America VCSEL Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 7 Europe VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials , 2015–2024 
TABLE 8 Europe VCSEL Market Revenue (US$ Mn) and Forecast, By Applications, 2015–2024 
TABLE 9 Europe VCSEL Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 10 Asia Pacific VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials, 2015–2024 
TABLE 11 Asia Pacific VCSEL Market Revenue (US$ Mn) and Forecast, By Applications, 2015–2024 
TABLE 12 Asia Pacific VCSEL Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024
TABLE 13 Rest of the World (RoW) VCSEL Market Revenue (US$ Mn) and Forecast, By Raw Materials, 2015–2024 
TABLE 14 Rest of the World (RoW) VCSEL Market Revenue (US$ Mn) and Forecast, By Material Type, 2015–2024 
TABLE 15 Rest of the World (RoW) VCSEL Market Revenue (US$ Mn) and Forecast, By Country, 2015–2024

Vertical Cavity Surface Emitting Laser (VCSELs) Market: Overview

Vertical Cavity Surface Emitting Lasers (VCSEL) are semiconductor lasers, or more precisely laser diodes with monolithic laser resonator, where the light emitted leaves the device in a perpendicular direction to the chip surface. This is in contrast to the conventional edge-emitting lasers where the beam is emitted by splitting the single chip out of the wafer. VCSELs have a number of advantages over its conventional counterparts. These include high compatibility with other circuitry and detectors, high reliability, scalability, package ability, and consumption of low power. Moreover, manufacturers prefer VCSELs because it can be tested at a number stages throughout the production process to check for processing issues and material quality. This is a key advantage of VCSELs over edge-emitting lasers and helps in lowering significant production cost. The above mentioned advantages increase the demand for VCSELs and boost the global VCSELs market.

The growth of the VCSELs market can also be attributed to the increasing rate of adoption of VCSELs in emerging applications, such as atomic clocks, GPS, magnetometers, and proximity sensing.

Vertical Cavity Surface Emitting Laser (VCSELs) Market: Segmentation

The global VCSELs market is segmented on the basis of raw materials, applications, and geography. By raw materials the global VCSELs market is segmented into gallium nitride (GaN) indium phosphide (InP), gallium arsenide (GaAs), and others (AlGaAs, InGaAsN, etc.). The gallium arsenide (GaAs) based VCSELs hold a significant share of the market and is expected to so during the forecast period. The gallium nitride (GaN) based VCSELs have a number of advantages but suffer from lack of conductivity due to which its growth will be limited. Indium phosphide (InP) based VCSELs have great potential and is expected to grow with a significant CAGR.

On the basis of applications the global VCSELs market is categorized into eight parts. These include chip scale atomic clocks, biological tissue analysis, computer mice, laser printers, absorption spectroscopy, analog broadband signal transmission, and optical fiber data transmission. By applications optical fiber data transmission holds the largest market share and is expected to hold its position during the forecasted period from 2016 to 2024. Laser printers hold the second largest market share followed by computer mice. Chip scale atomic clocks is relatively new application of VCSELs but is expected to gain popularity during the forecast period. Biological tissue analysis is also a potentially attractive market for VCSEL especially with the rise in the public awareness regarding health issues and the increase in the incidence of diseases, such as cancer.

Vertical Cavity Surface Emitting Laser (VCSELs) Market: Regional Outlook

By geography, the VCSELs market has been classified into four regions namely Asia Pacific, Europe, North America, and Rest of the World (RoW). Currently, Europe held the major share of the market, followed by North America, Asia Pacific and Rest of the World (RoW). Countries of Europe are bouncing back from the recent depression and as the economy is stabilizing it is strengthening the VCSEL market in this region. The VCSEL market in North America is expected to grow and remain strong during the forecast period from 2016 to 2024. With emerging economies like that of India, China, and Japan the VCSEL market in Asia Pacific is expected to be the most attractive during the forecasted period. Countries in Rest of the World (RoW), which includes countries in South America, Middle East, and Latin America are also showing promise and the growth of VCSELs market in this part of the world is expected to be impressive.

Vertical Cavity Surface Emitting Laser (VCSELs) Market: Companies Mentioned in the Report

 

Key players profiled in this report include IQE Public Limited Company (United Kingdom), Finisar Corporation (United States), Broadcom Ltd (Singapore), II-VI Incorporated (United States), Coherent, Inc (United States), Panasonic Corporation (Japan), Newport Corporation (United States), Royal Philips Electronic N.V (Netherlands), Princeton Optronics, Inc. (United States), and Lumentum Holdings, Inc. (United States).

The segments covered in the VCSELs market are as follows:

Global VCSELs Market: By Raw Materials

  • Gallium Nitride (GaN)
  • Gallium Arsenide (GaAs)
  • Indium Phosphide (InP)
  • Others (InGaAsN, AlGaAs, etc.)

Global VCSELs Market: By Applications

  • Optical fiber data transmission
  • Analog broadband signal transmission
  • Absorption Spectroscopy
  • Laser printers
  • Computer mice
  • Biological tissue analysis
  • Chip scale atomic clocks
  • Other applications

Global VCSELs Market: By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East
    • Latin America
    • Africa


 
 
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