VCSEL for Data Communication Market to Grow at a CAGR of 19.7% to reach US$ 1,135.68 Mn from 2019 to 2027

The VCSEL-based products continue to attract notable investments from several international market players and visionaries to leverage the commercial scope for this technology across different industry verticals. As a result, there have been significant investments in the establishment of state-of-the-art production and manufacturing facilities for these products in developed as well as developing countries. For instance, in 2019, the European Commission invested € 25.0 million to set up a new VCSEL-based manufacturing plant in Berlin, Germany, which is capable of mass production of the semiconductor chips including testing, equipment focused on datacom and sensing-based applications. Similarly, Huawei, a global telecom giant, invested in Vertilite, a Chinese start-up, specialized in the development of a broad range of VCSEL products for numerous applications, including data communication. Therefore, continuous investments in research and development to identify the potential new commercial applications of VCSEL-based products, including data communication applications, fuel the growth of the market.

VCSEL for Data Communication Market: Key Insights

According to our latest market study on “VCSEL for data communication Market to 2027 – COVID-19 Impact and Global Analysis and Forecast –by Type (Single-Mode, Multi-Mode); Material (Gallium Nitride, Gallium Arsenide, Indium Phosphide, Other), and Geography,” the market was valued at US$ 284.05 million in 2019 and is projected to reach US$ 1,135.68millionby 2027; it is expected to grow at a CAGR of 19.7% from 2020 to 2027. The report highlights the key factors driving the market growth, and prominent players and their developments in the market.

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VCSEL for Data Communication Market: Competitive Landscape and Key Developments

1. Bandwidth10
2. Broadcom, Inc.
3. Hamamatsu Photonics K.K.
4. II-VI Incorporated
5. Lumentum Holdings Inc.
6. TRUMPF
7. Ushio America, Inc.
8. VERTILAS GmbH
9. Vertilite Co., Ltd.
10. VI Systems GmbH

In 2019, TRUMPF completed the acquisition of Photonics GmbH from Philips. On the same date, the company set up a new business named TRUMPF Photonic Components. Through this acquisition, TRUMPF aims to gain access to the VCSEL diode segment, which is further anticipated to complement the company’s existing high-power diode laser business.

In 2019, II-VI Incorporated launched its 56 Gb/s PAM4 VCSEL arrays for 400-gigabit Ethernet (GbE) short-reach transceivers and active optical cables (AOCs) for datacenter deployment. The availability of Ethernet equipment with greater than 12 Tb/s of switching capacity facilitates hyper-scale datacenters to accelerate the migration from the transmission speed of 100 GbE to 400 GbE.

The report segments the global VCSEL for Data Communication Market as follows:

1. VCSEL for Data Communication Market – by Type
- Single Mode
- Multi-Mode

2. VCSEL for Data Communication Market– by End-user
- Gallium Nitride
- Gallium Arsenide
- Indium Phosphide
- Others

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