The VCSEL for data communication market in APAC is expected to grow from US$ 119. 35 million in 2019 to US$ 519. 91 million by 2027; it is estimated to grow at a CAGR of 21. 0% from 2020 to 2027.
New York, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asia Pacific VCSEL for Data Communication Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type and Material" - https://www.reportlinker.com/p05978837/?utm_source=GNW
The VCSEL (vertical cavity surface emitting laser) market players are investing heavily in exploring the commercial viability of this technology across the automotive industry.It would serve a similar purpose as that of LiDAR (light detection and ranging) systems.
Thus, the companies are focusing on developing larger and powerful VCSEL arrays to further expand their commercial application scope, such as the automotive industry.For instance, as per Automotive Electronics Council (AEC), one of the leading providers of VCSEL technology for 3D sensing and industrial applications successfully completed tests for the automotive industry’s temperature ranges requirement.
Thus, the automotive industry and VCSEL arrays-based products are expected to gain significant traction during the coming years owing to the notable investment by several market players operating in this segment. Thus, the potential expansion of VCSEL technology in automotive industry is among the other factors expected to positively influence the demand for VCSEL for data communication.
As the complete impact of COVID-19 is still unknown, the impact across the electronics value chain will probably be beyond reach and strongly affecting parties involved in the semiconductor industry.COVID-19 shows the possible risks and vulnerability of present electronics and semiconductor value chain models and creates challenges in the semiconductor industry to consider altering its APAC supply chain model.
Further, during the lockdown in several affected countries, VCSEL manufacturers halted their activities due to disrupted supply of raw materials such as gallium arsenide and indium phosphide with mobility restrictions during the lockdown.However, after the relaxation, the market is expected to witness a significant growth considering the investments in data communications industry.
Also, several governments have urged people to work from home as well as practice social distancing.This shift has resulted in a sudden rise in digital communications services across APAC.
Online teaching and work from home have increased the need for internet access with people ensuring to remain connected.
The multi-mode segment led the APAC VCSEL for data communication market based on type in 2019.Most of the VCSELs in data communications applications are multi-mode lasers.
Effects including mode hopping as well as suitable collection of optics moderates mode partitioning.The restriction on the encoding bandwidth of the multi-mode VCSEL is a vital issue considered to be fixed by using single-mode or few-mode VCSELs.
Multi-mode VCSELs are critical support in data communications. They are preferred as they provide modulation enhancements over a proton VCSELs and consistent improvement over single-mode VCSEL, which is fueling the growth of the APAC VCSEL for data communication market.
The overall APAC VCSEL for data communication market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the APAC VCSEL for data communication market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC VCSEL for data communication market. Bandwidth10; Broadcom, Inc.; Hamamatsu Photonics K.K.; II-VI Incorporated; Lumentum Holdings Inc.; TRUMPF; VERTILAS GmbH; and Vertilite Co., Ltd are among a few players operating in the APAC VCSEL for data communication market.
Read the full report: https://www.reportlinker.com/p05978837/?utm_source=GNW
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