A vertical cavity surface emitting laser or VCSEL is a specialized laser diode capable of transforming fiber optic communications by enhancing efficiency and increasing data speed. Generally, VCSELs emit energy at 850 nanometers (nm) and 1300 nm. Presently, VCSELs are substituting edge-emitting lasers as the referral technology for short-range data communications networks as well as local networks, delivering lower production costs and greater reliability. 850nm-emitting VCSELs are widely used in data centers, particularly for the applications where the data size transferred over a network is very large. The growing adoption of data centers across businesses generates higher demand for VCSELs for data communication. High data transfer rates in data centers are predominantly significant, as they enable high-speed transmission for processing and retrieve results that create high growth for the VCSEL. Thus, the wide scope of application through continuous technological improvements is expected to create a significant demand for VCSEL for data communication in the coming years, which is further anticipated to drive the Europe VCSEL for data communication market.
In Europe, particularly Russia, witnessed a sudden rise in the number of confirmed cases resulting in large-scale lockdown across different regions and industrial activities. The majority of the manufacturing plants have shut down, municipalities are functioning slowly compared to the past, and the semiconductor industry was at a halt, negatively impacting the VCSEL for data communication market. In terms of the death toll, the UK has higher number of deaths comparing to other countries in Europe. However, the manufacturing plants, semiconductor industry, and several other businesses are functioning slowly, negatively impacting Europe VCSEL for data communication market.
Market Overview and Dynamics
The VCSEL for data communication market in Europe is expected to grow from US$ 84.34 million in 2019 to US$ 331.62 million by 2027; it is estimated to grow at a CAGR of 19.5% from 2020 to 2027. The VCSEL industry has come a long way from being limited to smaller-scale commercial applications with high product specification with recent integration of the products into consumer electronics, resulting in a larger production volume for the VCSEL based products for numerous applications, including data communication. Furthermore, several manufacturers' recent potential investment in exploring its other commercial viability options into LiDAR (light detection and ranging) application industry through more efficient and powerful arrays of VCSEL based products. Thus, the VCSEL is anticipated to gain larger adoption into the high volume-based production, such as consumer electronics and automotive, resulting in large application scope. Thus, the VCSEL for data communication is set for larger commercial application scope owing to notable existing research. Hence, the market is poised to provide numerous profitable business opportunities for market players during the coming years. This is bolstering the growth of the Europe VCSEL for data communication market.
Key Market Segments
In terms of type, the multi-mode segment accounted for the largest share of the Europe VCSEL for data communication market in 2019. Similarly, the gallium arsenide segment held a larger share of the market based on material in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the VCSEL for data communication market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bandwidth10; Broadcom, Inc.; Hamamatsu Photonics K.K.; II-VI Incorporated; Lumentum Holdings Inc.; TRUMPF; VERTILAS GmbH; and VI Systems GmbH among others.
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Europe VCSEL for Data Communication Market Segmentation
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Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 84.34 Million |
| Market Size by 2027 | US$ 331.62 Million |
| CAGR (2020 - 2027) | 19.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe VCSEL for Data Communication Market is valued at US$ 84.34 Million in 2019, it is projected to reach US$ 331.62 Million by 2027.
As per our report Europe VCSEL for Data Communication Market, the market size is valued at US$ 84.34 Million in 2019, projecting it to reach US$ 331.62 Million by 2027. This translates to a CAGR of approximately 19.5% during the forecast period.
The Europe VCSEL for Data Communication Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe VCSEL for Data Communication Market report:
The Europe VCSEL for Data Communication Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe VCSEL for Data Communication Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe VCSEL for Data Communication Market value chain can benefit from the information contained in a comprehensive market report.
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