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VCSEL Market by Application (Data Communication, Sensing, Infrared Illumination, Industrial Heating), End User (Data Center, Consumer Electronics, Automotive, Industrial, Healthcare, and Others) and Geography - Forecast to 2020

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VCSEL is a specialized laser diode that can transmit data at high speeds over short distances through optical networks. These devices are being increasingly preferred over edge-emitting lasers (EEL) due to their lower cost of manufacturing, high optical efficiency, and significantly higher data rates in short range optical communication. These benefits of VCSELs have resulted into their deployment in critical applications in several sectors such as data communication, consumer electronics industrial, healthcare and automotive. This report segments the VCSEL market on the basis of its key application areas, major end users in different sectors, and geography.

VCSELs were made commercially available in 1996 and since then, short range optical data communication has been their biggest application. The other applications of VCSEL covered in this report include sensing, infrared illumination, pumping, and industrial heating. The VCSEL market is segmented on the basis of end users into data center, consumer electronics, automotive, industrial, healthcare, and other sectors.

The VCSEL market size is valued at USD 611.3 million in 2014 and is expected to grow at a CAGR of 21.99% during the forecast period from 2015 to 2020. This market is projected to exhibit the fastest growth in emerging applications such as infrared illumination, pumping, and industrial heating. Amongst end users, market for the automotive sector is presumed to grow at the highest CAGR of 25.81% from 2015 to 2020. North American region was found to be the largest market for VCSELs, in terms of geography, while the growth rate is expected to be the highest in APAC region during the forecast period.

The report also details the competitive landscape of the VCSEL market by analyzing the strategies adopted by major players to achieve growth in the market. Apart from the market segmentation data, the report also includes the qualitative analysis of market dynamics such as drivers, restraints, opportunities, and challenges. It also analyzes the overall market through various models such as the Porters Five Forces framework. The report includes profiles of major players in the VCSEL market along with their respective market ranking analysis. Some of the prominent companies in this market include Finisar Corporation (U.S.), Avago Technologies (Singapore and U.S.), JDS Uniphase Corporation (U.S.), and Philips Photonics (Netherlands).
1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 MARKET SCOPE 12
1.3.1 MARKETS COVERED 12
1.3.2 YEARS CONSIDERED FOR THE STUDY 12
1.4 CURRENCY 13
1.5 LIMITATIONS 13
1.6 STAKEHOLDERS 13
2 RESEARCH METHODOLOGY 14
2.1 RESEARCH DATA 14
2.1.1 SECONDARY DATA 15
2.1.1.1 Key data from secondary sources 15
2.1.2 PRIMARY DATA 15
2.1.2.1 Key data from primary sources 16
2.1.2.2 Key industry insights 16
2.1.2.3 Breakdown of primaries 17
2.2 MARKET SIZE ESTIMATION 17
2.2.1 BOTTOM-UP APPROACH 18
2.2.2 TOP-DOWN APPROACH 19
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 20
2.4 RESEARCH ASSUMPTIONS 21
2.4.1 ASSUMPTIONS 21
2.4.2 LIMITATIONS 21
3 EXECUTIVE SUMMARY 22
4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE VCSEL MARKET 26
4.2 VCSEL MARKET, BY APPLICATION 26
4.3 VCSEL MARKET IN THE ASIA-PACIFIC REGION, 2014 27
4.4 MARKET SHARE OF MAJOR COUNTRIES FOR VCSELS IN 2014 28
4.5 EMERGING APPLICATION AREAS ARE EXPECTED TO EXHIBIT A HIGH CAGR DURING THE FORECAST PERIOD 29

5 MARKET OVERVIEW 30
5.1 INTRODUCTION 31
5.2 EVOLUTION OF VCSEL 31
5.3 MARKET SEGMENTATION 32
5.4 VCSEL MATERIALS 33
5.4.1 GALLIUM ARSENIDE 33
5.4.2 GALLIUM NITRIDE 33
5.4.3 OTHER MATERIALS 34
5.5 MARKET DYNAMICS 34
5.5.1 DRIVERS 35
5.5.1.1 Growing number of data centers driving the demand for VCSEL 35
5.5.1.2 Technological developments enabling greater use of VCSEL in infrared illumination 35
5.5.1.3 Advancement in automotive electronics driving the demand for VCSEL 35
5.5.2 RESTRAINTS 36
5.5.2.1 The VCSEL technology is restricted to short-distance communication due to its limited range 36
5.5.3 OPPORTUNITIES 37
5.5.3.1 Emerging laser-assisted hard disk drive technology likely to create opportunities for VCSEL 37
5.5.3.2 Gesture recognition likely to generate the demand for VCSEL 37
5.5.4 CHALLENGES 38
5.5.4.1 Developing VCSEL using GaN is still a challenge 38
6 INDUSTRY TRENDS 39
6.1 VALUE CHAIN 39
6.2 PORTERS FIVE FORCES ANALYSIS 40
6.2.1 THREAT OF NEW ENTRANTS 41
6.2.2 THREAT OF SUBSTITUTES 42
6.2.3 BARGAINING POWER OF SUPPLIERS 42
6.2.4 BARGAINING POWER OF BUYERS 43
6.2.5 INTENSITY OF RIVALRY 44
7 MARKET, BY APPLICATION 45
7.1 INTRODUCTION 46
7.2 DATA COMMUNICATION 48
7.3 SENSING 51
7.4 INFRARED ILLUMINATION 54
7.5 PUMPING 57
7.6 INDUSTRIAL HEATING 60

8 MARKET, BY END USER 62
8.1 INTRODUCTION 63
8.2 DATA CENTERS 65
8.3 CONSUMER ELECTRONICS 66
8.4 AUTOMOTIVE 67
8.5 INDUSTRIAL 68
8.6 HEALTHCARE 69
8.7 OTHERS 70
9 GEOGRAPHIC ANALYSIS 71
9.1 INTRODUCTION 72
9.2 NORTH AMERICA 74
9.3 EUROPE 79
9.4 ASIA-PACIFIC 83
9.5 REST OF THE WORLD 88
10 COMPETITIVE LANDSCAPE 92
10.1 OVERVIEW 92
10.2 MARKET RANKING ANALYSIS 93
10.3 COMPETITIVE SITUATION AND TRENDS 94
10.3.1 NEW PRODUCT LAUNCHES 95
10.3.2 CONTRACTS, AGREEMENTS, AND PROJECTS 96
10.3.3 MERGERS & ACQUISITIONS 97
10.3.4 OTHER DEVELOPMENTS 97
11 COMPANY PROFILES 98
(Overview, Products and Services, Financials, Strategy & Development)*
11.1 INTRODUCTION 98
11.2 FINISAR CORPORATION 99
11.3 AVAGO TECHNOLOGIES 102
11.4 JDS UNIPHASE CORPORATION 105
11.5 ROYAL PHILIPS ELECTRONICS N.V. 108
11.6 II-VI INCORPORATED 111
11.7 IQE PLC 114
11.8 VERTILAS GMBH 116
11.9 PRINCETON OPTRONICS, INC. 117
11.10 VIXAR, INC. 119
11.11 ULTRA COMMUNICATIONS, INC. 120
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.
12 APPENDIX 121
12.1 INSIGHTS OF INDUSTRY EXPERTS 121
12.2 DISCUSSION GUIDE 122
12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 125
12.4 AVAILABLE CUSTOMIZATIONS 127
12.5 RELATED REPORTS 127


List Of Tables

TABLE 1 DEMAND FROM DATA CENTERS AND AUTOMOTIVE ELECTRONICS DRIVING THE VCSEL MARKET 36
TABLE 2 SHORT RANGE RESTRICTS THE APPLICATION AREAS FOR VCSELS 36
TABLE 3 HAMR AND GESTURE RECOGNITION LIKELY TO GENERATE OPPORTUNITIES FOR VCSEL 37
TABLE 4 MAKING GAN-BASED VCSEL COMMERCIALLY AVAILABLE IS STILL A CHALLENGE 38
TABLE 5 VCSEL MARKET SIZE, 2013-2020 (USD MILLION) 46
TABLE 6 VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 47
TABLE 7 DATA COMMUNICATION MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 48
TABLE 8 NORTH AMERICA: DATA COMMUNICATION MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 48
TABLE 9 EUROPE: DATA COMMUNICATION MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 49
TABLE 10 APAC: DATA COMMUNICATION MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 50
TABLE 11 ROW: DATA COMMUNICATION MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 50
TABLE 12 SENSING MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 51
TABLE 13 SENSING MARKET SIZE IN NORTH AMERICA, BY COUNTRY,
2013-2020 (USD MILLION) 51
TABLE 14 EUROPE: SENSING MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 52
TABLE 15 APAC: SENSING MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 53
TABLE 16 ROW: SENSING MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 53
TABLE 17 INFRARED ILLUMINATION MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 54
TABLE 18 NORTH AMERICA: INFRARED ILLUMINATION MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 55
TABLE 19 EUROPE: INFRARED ILLUMINATION MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 55
TABLE 20 APAC: INFRARED ILLUMINATION MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 56
TABLE 21 ROW: INFRARED ILLUMINATION MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 56
TABLE 22 PUMPING MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 57
TABLE 23 NORTH AMERICA: PUMPING MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 57
TABLE 24 EUROPE: PUMPING MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 58
TABLE 25 APAC: PUMPING MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 58
TABLE 26 ROW: PUMPING MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 59
TABLE 27 INDUSTRIAL HEATING MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 60
TABLE 28 NORTH AMERICA: INDUSTRIAL HEATING MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 60
TABLE 29 EUROPE: INDUSTRIAL HEATING MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 61
TABLE 30 APAC: INDUSTRIAL HEATING MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 61
TABLE 31 ROW: INDUSTRIAL HEATING MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 61
TABLE 32 VCSEL MARKET SIZE, BY END USER, 2013-2020 (USD MILLION) 64
TABLE 33 DATA CENTER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 65
TABLE 34 CONSUMER ELECTRONICS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 66
TABLE 35 AUTOMOTIVE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 67
TABLE 36 INDUSTRIAL MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 68
TABLE 37 HEALTHCARE MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 69
TABLE 38 OTHER END USERS MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 70
TABLE 39 VCSEL MAREKT SIZE, BY REGION, 2013-2020 (USD MILLION) 73
TABLE 40 NORTH AMERICA: VCSEL MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 76
TABLE 41 NORTH AMERICA: VCSEL MARKET SIZE, BY END USER, 2013-2020 (USD MILLION) 76
TABLE 42 NORTH AMERICA: VCSEL MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 77
TABLE 43 U.S.: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 77
TABLE 44 CANADA: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 78
TABLE 45 MEXICO: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 78
TABLE 46 EUROPE: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 79
TABLE 47 EUROPE: VCSEL MARKET SIZE, BY END USER, 2013-2020 (USD MILLION) 80
TABLE 48 EUROPE: VCSEL MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 80
TABLE 49 GERMANY: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 81
TABLE 50 U.K.: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 81
TABLE 51 FRANCE: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 82
TABLE 52 REST OF EUROPE: VCSEL MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 82
TABLE 53 APAC: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 85
TABLE 54 APAC: VCSEL MARKET SIZE, BY END USER, 2013-2020 (USD MILLION) 85
TABLE 55 APAC: VCSEL MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 86
TABLE 56 CHINA: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 86
TABLE 57 JAPAN: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 87
TABLE 58 INDIA: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 87
TABLE 59 REST OF APAC: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 88
TABLE 60 ROW: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 88
TABLE 61 ROW: VCSEL MARKET SIZE, BY END USER, 2013-2020 (USD MILLION) 89
TABLE 62 ROW: VCSEL MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 89
TABLE 63 SOUTH AMERICA: VCSEL MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 90
TABLE 64 MIDDLE EAST: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 90
TABLE 65 AFRICA: VCSEL MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 91
TABLE 66 MARKET RANKING, 2014 93
TABLE 67 NEW PRODUCT LAUNCHES, 2013-2015 95
TABLE 68 CONTRACTS, AGREEMENTS, AND PROJECTS, 2013-2015 96
TABLE 69 MERGERS & ACQUISITIONS, 2013-2015 97
TABLE 70 OTHER DEVELOPMENTS, 2013-2015 97

List Of Figures

FIGURE 1 RESEARCH DESIGN 14
FIGURE 2 MARKET SIZE ESTIMATION METH0DOLOGY: BOTTOM-UP APPROACH 18
FIGURE 3 MARKET SIZE ESTIMATION METH0DOLOGY: TOP-DOWN APPROACH 19
FIGURE 4 DATA TRIANGULATION 20
FIGURE 5 ASSUMPTIONS OF THE RESEARCH STUDY 21
FIGURE 6 LIMITATIONS OF THE RESEARCH STUDY 21
FIGURE 7 VCSEL MARKET SNAPSHOT (2015 VS. 2020): THE APPLICATION IN DATA COMMUNICATION TO LEAD THE VCSEL MARKET DURING THE FORECAST PERIOD 23
FIGURE 8 VCSEL MARKET, BY APPLICATION, 2014 24
FIGURE 9 VCSEL MARKET SNAPSHOT, BY END USER, 2015 VS. 2020 24
FIGURE 10 VCSEL MARKET SHARE, BY REGION, 2014 25
FIGURE 11 VCSEL MARKET IS EXPECTED TO GROW AT A RAPID RATE DURING THE FORECAST PERIOD 26
FIGURE 12 HUGE DEMAND FOR VCSELS EXPECTED FROM THE DATA COMMUNICATION SEGMENT DURING THE FORECAST PERIOD 26
FIGURE 13 CHINA WAS THE LARGEST MARKET FOR VCSEL TECHNOLOGY IN APAC IN 2014 27
FIGURE 14 THE U.S. ACCOUNTED FOR MORE THAN ONE-FOURTH OF
THE VCSEL MARKET IN 2014 28
FIGURE 15 INDUSTRIAL HEATING AND PUMPING EXPECTED TO BE THE FASTEST GROWING APPLICATION AREAS FOR VCSELS DURING THE FORECAST PERIOD 29
FIGURE 16 EVOLUTION OF VCSEL TECHNOLOGY 31
FIGURE 17 VCSEL MARKET, BY APPLICATION 32
FIGURE 18 VCSEL MARKET, BY END USER 33
FIGURE 19 DATA CENTERS AND AUTOMOTIVE ELECTRONICS ARE KEY GROWTH DRIVERS FOR VCSEL 34
FIGURE 20 VCSEL MARKET: VALUE CHAIN ANALYSIS 39
FIGURE 21 PORTERS FIVE FORCES ANALYSIS FOR THE VCSEL MARKET 40
FIGURE 22 PORTERS FIVE FORCES: IMPACT ANALYSIS 41
FIGURE 23 THREAT OF NEW ENTRANTS 41
FIGURE 24 THREAT OF SUBSTITUTES 42
FIGURE 25 BARGAINING POWER OF SUPPLIERS 42
FIGURE 26 BARGAINING POWER OF BUYERS 43
FIGURE 27 INTENSITY OF RIVALRY 44
FIGURE 28 THE VCSEL MARKET TO BE DRIVEN BY THE DATA COMMUNICATION APPLICATION DURING THE FORECAST PERIOD 46
FIGURE 29 REST OF EUROPE TO EXHIBIT THE HIGHEST GROWTH RATE FOR DATA COMMUNICATION DURING THE FORECAST PERIOD 49
FIGURE 30 CHINA TO BE THE LARGEST MARKET FOR THE APPLICATION OF VCSEL IN SENSING DURING THE FORECAST PERIOD 52
FIGURE 31 VCSEL MARKET FOR INFRARED ILLUMINATION IN NORTH AMERICA,
2014 VS. 2020 54
FIGURE 32 VCSEL MARKET FOR PUMPING IN ROW, 2014 VS. 2020 59
FIGURE 33 DATA CENTERS TO BE THE LARGEST MARKET FOR VCSELS DURING THE FORECAST PERIOD 63
FIGURE 34 APAC REGION PRESENTS MAJOR GROWTH OPPORTUNITIES FOR VCSELS FROM 2014 TO 2020 67
FIGURE 35 VCSEL MARKET, GEOGRAPHIC SNAPSHOT, 2014 72
FIGURE 36 ATTRACTIVE GROWTH OPPORTUNITIES FOR VCSELS IN PUMPING AND INDSUTRIAL HEATING APPLICATIONS 73
FIGURE 37 NORTH AMERICA GEOGRAPHIC SNAPSHOT, 2014 75
FIGURE 38 ASIA-PACIFIC GEOGRAPHIC SNAPSHOT, 2014 84
FIGURE 39 COMPANIES ADOPTED ORGANIC AS WELL AS INORGANIC STRATEGIES FROM
2013 TO 2015 92
FIGURE 40 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCH WAS THE DOMINANT STRATEGY 94
FIGURE 41 GEOGRAPHIC REVENUE MIX OF MAJOR COMPANIES 98
FIGURE 42 FINISAR CORPORATION: COMPANY SNAPSHOT 99
FIGURE 43 FINISAR CORPORATION: SWOT ANALYSIS 101
FIGURE 44 AVAGO TECHNOLOGIES: COMPANY SNAPSHOT 102
FIGURE 45 AVAGO TECHNOLOGIES: SWOT ANALYSIS 104
FIGURE 46 JDS UNIPHASE CORPORATION: COMPANY SNAPSHOT 105
FIGURE 47 JDS UNIPHASE CORPORATION: SWOT ANALYSIS 107
FIGURE 48 ROYAL PHILIPS ELECTRONICS N.V.: COMPANY SNAPSHOT 108
FIGURE 49 ROYAL PHILIPS ELECTRONICS N.V.: SWOT ANALYSIS 110
FIGURE 50 II-VI INCORPORATED: COMPANY SNAPSHOT 111
FIGURE 51 II-VI INCORPORATED: SWOT ANALYSIS 113
FIGURE 52 IQE PLC: COMPANY SNAPSHOT 114

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Reports Details

Published Date : Oct 2015
No. of Pages :129
Country :Global
Category :Semiconductors
Publisher :MarketsandMarkets
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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