The Vertical Cavity Surface Emitting Laser market is expected to register a CAGR of over 18.64% during the forecast period 2018 - 2023. The report profiles the Gallium Nitride, Gallium Arsenide, Indium Phosphide, Raw material providers of Vertical Cavity Surface Emitting Laser Market for various End-user industries.
VCSELs offer reliability, precision, high efficiency, and high speed with the cost-effective solution and these are the most promising new technological developments that has happened in laser physics. The green and blue vertical-cavity-surface-emitting lasers are fuelling the growth of the market for small photonics devices, such as laser Pico Projectors. VCSELs offer significant advantages, such as lower power consumption, higher modulation speeds, higher beam quality, and lower manufacturing cost.
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Increasing Demand for Smartphones
Owing to increase in the usage of smart devices, such as smartphones has sparked the growth of the Vertical Cavity Surface Emitting Laser Market. Emerging new technologies and increased consumer demand for more advanced smartphones and tablets have boosted the growth pace of the industry to a great extent. Increased levels of adoption of portable devices, such as laser mice (optical tracking), which uses a light emitting diode (VCSEL) to illuminate the flat surface have been instrumental in maximizing the growth potential of the market. For instance, Switzerland's LITRAX GmbH has done product innovation by launching 850 nm implant single-mode (SM) VCSEL and laser bundle products for applications requiring a reflected signal. This exemplifies the technical advances that have been made behind the scenes.
In 2016, the global smartphone sales reached more than 1.5 billion units. Demand for smartphones has increased, and the sales of PCs have declined. This shift has led to the creation of new dynamic and intricate electronics supply chains in Asia. In 2016, China exported USD 107 billion worth of smartphones to the rest of the world, which was equivalent to 5% of the nation’s total exports. In South Korea, the leading supplier of smartphone components, semiconductor exports were 17% of total exports. Similarly, at the peak of the cycle, components for smartphone production accounted for more than a third of total exports from Taiwan Province of China, 15% of exports from Singapore and South Korea, and 11% from Malaysia.
Asia-Pacific is expected to be the Fastest Growing in the Vertical Cavity Surface Emitting Laser Market
APAC is expected to grow significantly during the forecast period (2018-2023). However, economically developing countries in the APAC region, such as Australia, India, China, and Japan are adopting new technologies- (Artificial Intelligence, Augmented Reality) enabled smartphones and tablets, which is anticipated to raise the global market demand for Vertical Cavity Surface Emitting Laser Market. Additionally, owing to increasing population, rising smart mobile users, mounting popularity of BYOD technology, and prosperous IT and telecommunication are the key causes powering the market expansion. As the demand for the Vertical Cavity Surface Emitting Laser Market is directly related to the sales of smartphones, more sales of smartphones in the market will result in higher demand for Vertical Cavity Surface Emitting Laser Market.
Key developments in the market
July 2018: Finisar has expanded its Production Capacity related to VCSEL products in the new Texas Facility. The company is expected to use the site to increase its production capacity of VCSELs and related 3D Sensing technologies, used in a wide range of applications
Major Players: ALIGHT TECHNOLOGIES APS, AVAGO TECHNOLOGIES, FINISAR CORPORATION, PHILIPS PHOTONICS, LITRAX TECHNOLOGY CO., LTD, SUMITOMO ELECTRIC INDUSTRIES LTD, PD-LD INC., OECA GMBH, SACHER LASERTECHNIK GMBH, II-VI LASER ENTERPRISE GMBH, BROADCOM INC., COHERENT, INC, PANASONIC CORPORATION, NEWPORT CORPORATION, PRINCETON OPTRONICS, INC., and LUMENTUM HOLDINGS, INC., among others.
Reasons to Purchase this Report
Provides latest insights into Global Vertical Cavity Surface Emitting Laser Market Analyzing various perspectives of the market with the help of Porter’s five forces analysis To understand the dominating technology in the market The region that is expected to witness the fastest growth during the forecast period Identify the latest developments, market shares and strategies employed by the major market players 3-month analyst support, along with the Market Estimate sheet (in Excel)
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