during the forecast period. VCSELs play an important role in 3D sensing applications in smartphones. Cameras that scan and render objects in 3D have now become a standard feature in high-end smartphones resulting in an increase in the adoption of VCSELs in 3D sensing applications in the market.
New York, July 13, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "VCSEL Market with COVID-19 Impact Analysis by Type, Material, Wavelength, Application, Data Rate, Industry And Region - Global Forecast to 2026" - https://www.reportlinker.com/p04694764/?utm_source=GNW
The increased adoption is creating growth opportunities for manufacturers of wafers, equipment providers, metal-organic chemical vapor deposition (MOCVD) system providers, and foundries, testing & inspection companies; among others. With the entire VCSEL ecosystem is gaining market traction, it is expected to offer growth opportunities during the forecast period.
Market for multimode VCSELs to grow at higher CAGR during forecast period
The multimode VCSEL segment is projected to register a higher CAGR during the forecast period.In 2017, with the release of the Apple iPhone X, its 3D sensing module and multimode VCSELs witnessed an increased production, becoming more prevalent in the market.
They are also increasingly used for high-power 3D ToF sensing, industrial, illumination, and LiDAR applications. The integration of 3D sensing by more smartphone manufacturers and the future applications of VCSELs in automotive LiDAR is projected to account for this growth.
Market for GaAs based VCSELs to grow at highest CAGR during forecast period
The GaAs segment is projected to register the highest CAGR during the forecast period.The high adoption of GaAs-based VCSELs in the production of smartphones and consumer devices is the primary growth driver in the market.
In addition, the use of GaAs-based VCSELs in LiDAR applications is projected to create growth opportunities in the long term for the players operating in the ecosystem. Technological innovations in consumer electronics besides smartphones, such as AR/VR devices, are projected to further increase the demand for GaAs-based VCSELs in 3D sensing applications.
Market in automotive industry to grow at highest CAGR during forecast period
The high growth in the automotive segment is attributed to the increase in the use of VCSELs in automobiles for driver monitoring and infotainment systems.As the automotive industry is moving toward the evolution of autonomous vehicles, VCSELs are finding increased applications in systems, such as advanced driver assistance systems (ADAS), to support this evolution.
LiDAR is the latest technology used in automotive safety developments and solutions that are being developed to make solid-state LiDARs using VCSELs.The increase in transition toward the adoption of autonomous vehicles in the long term is projected to drive the growth of the segment.
The increase in the importance of VCSEL for LiDAR, in-cabin monitoring/driver monitoring, and gesture recognition are expected to be the primary growth drivers during the forecast period.
Market in APAC to grow at highest CAGR during the forecast period
APAC has a large consumer electronics industry, including countries such as China, Japan, and South Korea, which is the largest manufacturer and end user of consumer devices.South Korea is a key country for manufacturing portable consumer devices, while China is the manufacturer and consumer of consumer electronics devices.
Players such as Samsung (South Korea), Huawei (China), Oppo (China), and Xiaomi (China) are already using VCSELs in their smartphones.Significant investments in new vehicle technologies, including electric vehicles, LiDAR, and autonomous vehicles, are expected to create a demand for VCSELs.
Countries in APAC such as China and South Korea have led to the adoption of 5G communication technology, which would further provide opportunities for penetration of VCSELs in data communication. Hence, for consumer electronics, the market in APAC is projected to continue to grow as markets in North America and Europe continue to stagnate over time.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the VCSEL marketspace. The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation: C-level Executives – 40%, Directors – 40%, and Others – 20%
• By Region: North America –40%, APAC– 30%, Europe – 20%, and RoW – 10%
The report profiles key players in the VCSEL market with their respective market ranking analysis. Prominent players profiled in this report are Lumentum (US), II-VI Incorporated (US), ams (Austria), TRUMPF (Germany), Broadcom (US), Vertilite (China), Coherent (US), Alight Technologies (Denmark), Connector Optics (Russia), VERTILAS (Germany), WIN Semiconductors (Taiwan), IQE (UK), Ricoh (Japan), Fuji Xerox (Japan), MKS Instruments (US), FLIR (US), Santec (Japan), Leonardo Electronics (US), TT Electronics (UK), Ushio America (US), Thorlabs (US), Bandwidth 10 (US), RaySea Technology (China), Inneos (US), Frankfurt Laser Company (Germany), OCTLIGHT (Denmark), Ouster (US), Sanan Integrated Circuit (China), NeoPhotonics (US), Lytek Corporation (US), and OptiGOT (Sweden).
This research report categorizes the VCSEL market on the basis of type, material, wavelength, application, data rate, industry, and geography.The report describes the major drivers, restraints, challenges, and opportunities pertaining to the VCSEL market and forecasts the same till 2026 (including analysis of COVID-19 impact on the market).
Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the VCSEL ecosystem.
Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the VCSEL market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product launches, deals, and expansions.
4. The analysis of the top 25 companies, based on the strength of the market rank as well as the product footprint will help stakeholders visualize the market positioning of these key players.
Read the full report: https://www.reportlinker.com/p04694764/?utm_source=GNW
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