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VCSEL Market Worth 3.89 Billion USD by 2023PUNE, India, July 25, 2018 /PRNewswire/ -- According to the new market research report on the "VCSEL Market by Material (GaAs, InP, GaN), Type (Single Mode and Multimode), Application (Data Communication, Sensing, IR Illumination, Pumping, Industrial Heating, and Emerging Applications), End User, and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is estimated to be worth USD 1.78 billion in 2018 and is projected to reach USD 3.89 billion by 2023, at a CAGR of 16.9% from 2018 to 2023. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg ) https://www.marketsandmarkets.com/Market-Reports/vcsel-market-206588268.html Early buyers will receive 10% customization on this report. The market is mainly driven by factors such as the rising adoption of VCSELs in proximity sensing and medical applications, increasing use of VCSELs for data communication, growing usage of VCSELs in infrared illumination, and surge in demand for VCSELs with advancements in automotive electronics. Single-mode VCSEL market to grow at higher CAGR during forecast period Multimode VCSELs held a larger share of the market, by type, in 2017. The market for single-mode VCSELs is expected to grow at a higher CAGR during the forecast period. This growth can be attributed to the ability of single-mode VCSELs to provide solutions to many sensing applications, especially in the consumer electronics industry. Data communication held largest share of VCSEL market in 2017 Data communication accounted for the largest share of the VCSEL market, by application, in 2017. VCSEL-based devices were initially developed for short-range data communication and sensing applicaions owing to their low manufacturing cost and high reliability. The increasing number of data centers all over the world and the ability of VCSEL technology to communicate well in short data range are the major drivers for the increasing adoption of VCSEL technology in data communication applications. Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=206588268 Americas is a major consumer of VCSELs The Americas accounted for a major share of the overall VCSEL market in 2017. The Americas is the largest market for VCSELs due to the demand for these devices from technology giants such as Facebook (US), Google (US), Apple (US), and Amazon (US). Moreover, the growing emphasis of businesses on the use of cloud infrastructure has contributed to the increasing demand for VCSEL-based optical transceivers in the Americas. The Americas has always been at the forefront in terms of the adoption of new technologies, such as gesture recognition, self-driving cars, and ADAS. This is also expected to drive market growth. The report profiles the most promising players in the market. The market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are Finisar (US), Lumentum (US), Broadcom (US), Philips Photonics (Germany), II-VI (US), IQE (UK), AMS Technologies (Germany), Vixar (US), Santec (Japan), VERTILAS (Germany), Agiltron (US), Alight Technologies (Denmark), Ultra Communications (US), Laser Components (Germany), Litrax Technology (Taiwan), Coherent (US), TT Electronics (UK), Newport (US), NeoPhotonics (US), and Necsel Intellectual Property (PD-LD) (US). Know more about the VCSEL Market https://www.marketsandmarkets.com/Market-Reports/vcsel-market-206588268.html MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Visit our Research Insight @ https://www.marketsandmarkets.com/ResearchInsight/vcsel-market.asp Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets 
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