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 Insight Partners

The Insight Partners adds "VCSEL for Data Communication Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Single Mode, Multi-Mode); Material (Gallium Nitride, Gallium Arsenide, Indium Phosphide, Other)," 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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Key Recent Developments: VCSEL for Data Communication Market
• 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 hyperscale datacenters to accelerate the migration from the transmission speed of 100 GbE to 400 GbE.

Expanding Scope of Application through Continuous Technological Improvement
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 potentially new commercial applications of VCSEL-based products, including data communication applications, fuel the growth of the market.

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Impact of COVID-19 Pandemic on VCSEL for Data Communication Market:

Though the complete impact of COVID-19 is still unidentified, the impact across the electronics value chain will probably be far-reaching-and strongly affecting parties involved with semiconductor industry. COVID-19 is underlining the possible risks and vulnerability of present electronics and semiconductor value chain model as well as challenging the semiconductor industry to consider altering its global supply chain model. Furthermore, during lockdown in several affected countries, VCSEL manufacturers halted their activities owing to disrupted supply of raw materials such as GaAs and InP with restrictions on mobility during the lockdown. However, after the relaxation, the market is expected to witness growth as investments are expected in the data communications industry. Also, several governments have urged people to work from home as well as practice social distancing. Since then, several day-to-day activities from working to schooling have shifted online. This shift has resulted in a surge in digital communications services across the world. Online teaching, as well as work from home, has increased the need for internet access with people ensuring to remain connected.

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Company Profiles:
• Bandwidth10
• Broadcom, Inc.
• Hamamatsu Photonics K.K.
• II-VI Incorporated
• Lumentum Holdings Inc.
• TRUMPF
• Ushio America, Inc.
• VERTILAS GmbH
• Vertilite Co., Ltd.
• VI Systems GmbH

VCSEL for Data Communication Market Research Study Scope:
1. This research report provides insights into the "Global VCSEL for Data Communication Market" and summarizes the results of the assessment carried out by The Insight Partners in the field of VCSEL for Data Communication for global perspective.

2. The report provides the current market size for VCSEL for Data Communication, defines trends and presents growth forecasts for 12 years, i.e., from 2019 to 2028. The historical years considered for this study are 2018 and 2019, base year is 2020, and the forecast period for the entire report is 2021 to 2028.

3. All the market numbers for revenue are provided in US dollars and revenue generated by companies offering VCSEL for Data Communication solutions and services is considered for market size derivation

4. The market is analyzed from supply side and is further validated by taking demand side into consideration.

5. The research report focuses on current market trends, opportunities, potential of the market, and competition in the global VCSEL for Data Communication market.

6. The study also provides market insights and analysis of the VCSEL for Data Communication market, highlighting the technological market trends, market dynamics, and competitive analysis of the major players in the industry.

The Insight Partners Research Report Guidance:

The report provides qualitative and quantitative analysis of global VCSEL for Data Communication market segmented by product, technology and geographic regions.
1. Chapter 1 provides a brief description of the market under study.
2. Chapter 2 mentions the key takeaways, highlighting the key trends and outlook of the global VCSEL for Data Communication market
3. Chapter 3 provides the research methodology of the study.
4. Chapter 4 provides market landscape, PEST (Political, Economic, Social and Hardware) analysis, ecosystem analysis, and expert opinions.
5. Chapter 5 highlights the key market dynamics in the VCSEL for Data Communication market, including factors that are driving the market, prevailing deterrents, potential opportunities, and future trends. Impact analysis of drivers and restraints are covered under this section.
6. Chapter 6 discusses the global VCSEL for Data Communication market scenario, in terms of historical market values, and forecast till 2028.
7. Chapters 7 to 11 discuss the market segments by product, technology, and geographic analysis across North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM), along with the major factors governing the growth of the market in these regions.
8. Chapter 12 describes the impact of COVID 19 outbreak on global VCSEL for Data Communication market across various geographies.
9. Chapter 13 describes the industry landscape analysis. It provides detailed description of various business activities, such as market initiatives, new developments, mergers and joint ventures, across the world.
10. Chapter 14 provides the detailed profiles of key companies operating in the global VCSEL for Data Communication market. The companies have been profiled based on their key facts, business description, products & services, financial overview, SWOT analysis, and key developments.
11. Chapter 15, i.e., the appendix is inclusive of the company overview, word index, contact information, and disclaimer section.

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Expert Opinions on VCSEL for Data Communication Market:

During the course of the research study, various leading industry experts, global sales managers, key opinion leaders, and industry veterans shared their valuable and critical insights about global and regional trends related to the VCSEL for Data Communication market. As a result, the figure below summarizes a few expert opinions collected during the primary research for the global VCSEL for Data Communication market.

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Contact Us:
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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