VCSELs Market Projected to Augment at a Notable CAGR during the Forecast Period

The advantages associated with VCSELs over conventional diodes are driving the growth of the global VCSELs market. The other drivers for the market include availability of cost-effective VCSELs and their rapid deployment for high volume applications.

The global vertical cavity surface emitting laser (VCSELs) market is expected to grow at a CAGR of 21.9% during 2016 - 2022. Among the various types, the gallium arsenide segment held the largest share in the global VCSELs market in 2015.

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VCSELs have broad applications in bar code sensors; POF based home networking, atomic clock technology, and datacomm industry. The growth in these verticals is attributed to unique characteristic of VCSELs, such as high speed and low cost compared to LEDs.

VCSELs offer reliability, high precision and efficiency in optical sensors based on scattering, transmission, absorption, self-mixing, reflection, interference, and others.

As POF based home networking is a consumer product, the usage of lower cost VCSELs is anticipated to increase market penetration and in-turn propel the growth of the VCSELs market during the forecast period.

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Some of the key companies operating in the global VCSELs market include Alight Technologies A/S, Avago Technologies, Finisar Corporation, Phillips Photonics, Litrax Technology Co., Ltd., Sumitomo Electric Industries Ltd., PD-LD, Inc., OECA Optoelectronics Component and Applications GmbH, and Sacher Lasertechnik GmbH.

GLOBAL VCSELs MARKET SEGMENTATION
By Material

• Gallium Nitride (GaN)
• Gallium Arsenide (GaAs)
• Indium Phospide (InP)
• Others

By Color

• Red
• Green
• Blue-Violet
• Infrared
• Others

By Application

• Optical Fiber Data Transmission
• Analog Broadband Signal Transmission Cement
• Absorption Spectroscopy (TDLAS)
• Laser Printers
• Computer Mouse
• Biological Tissue Analysis
• Chip Scale Atomic Clock
• Others

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