Global Gallium Arsenide (GaAs) VCSEL Market by Type (Single-Mode, Multimode), By Application (Consumer Electronics, Data Center, Commercial & Industrial, Automotive, Healthcare, Military) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global gallium arsenide (GaAs) VCSEL market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for GaAs VCSELs from various applications, such as consumer electronics, data center, commercial & industrial, automotive, healthcare and military. Additionally, technological advancements are also propelling the growth of this market. However, high manufacturing costs associated with GaAs VCSELs are restraining its adoption in certain applications. On the basis of type, single-mode and multimode GaAs VCSELs are available in the market. Single-mode devices offer superior performance as compared to multimode devices and hence they are witnessing higher demand from various applications such as data center and commercial & industrial sectors. On account of their growing demand in these sectors; single-mode devices are expected to witness a higher CAGR during the forecast period than multimode devices.



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Product Definition:

Gallium arsenide is a compound of the elements gallium and arsenic. It is a semiconductor material used in electronic devices and lasers. Gallium arsenide lasers are often used in optical communications, such as fiber optic systems.

Single-Mode:

Single-mode is a type of Vertical Cavity Surface Emitting Laser (VCSEL), which has one main optical channel and multiple internal cavity surfaces. It was developed as an improvement to the double-mode VCSEL, which had two optical channels. The single-mode VCSEL offers better performance in terms of current density, threshold current, and operating frequency over its counterpart due to the reduced coupling effect between modes resulting in improved device efficiency.

Multimode:

Multimode is a type of optical fiber that can only support one mode of light transmission at a time. The term multimode is used for describing single-mode or multi-strand optical fibers. It has lower bandwidth than the high-mode but can be easily manufactured and deployed in inexpensive simplex cable systems, i.e., single channel system made up of two or more physical channels with no additional devices to switch between them.

Application Insights:

The data center application segment accounted for the largest revenue share in 2017 and is projected to continue leading over the forecast period. The high-speed nature of these devices allows efficient data transfer between different components, which boosts their usage in data centers. Moreover, a large number of companies are focusing on reducing their dependence on copper wire based networks by shifting towards optical fiber communication systems owing to increasing cloud computing services. This trend is expected to drive the demand for VCSELs over the forecast period.

GaAs VCSELs have numerous advantages as light sources compared with traditional fluorescent lamps including lower power consumption, higher brightness and longer life span which makes them suitable for use in various end-use applications such as consumer electronics, LED lighting products across retail stores and homes, traffic signals & signs manufacturing among others.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the next eight years. The presence of key players such as Samsung Electronics Co., Ltd.; Sony Corporation; LG Electronics Inc.; and Fujitsu, Ltd. has resulted in high adoption of VCSELs across various applications such as consumer electronics, data centers, automotive, and industrial applications. Moreover GaAs-based VCSELs offer significant advantages over their competitors’ technologies due to which they are widely used across these application areas in this region.

The Asia Pacific regional market is anticipated to be followed by North America during the forecast period owing to growing demand for higher bandwidth communication systems along with rising deployment of 5G network infrastructure projects globally that will drive product demand from 2018 to 2030  timeframe.

Growth Factors:

Increasing demand for data-intensive services is expected to drive the growth of GaAs VCSEL market.
Proliferation of 5G networks is anticipated to create new opportunities for the GaAs VCSEL market.
Growing demand from optical communication and sensing applications is expected to boost the growth of GaAs VCSEL market during the forecast period.
Rising adoption of miniaturized and high-performance devices is projected to fuel the growth of GaAs VCSEL market in near future.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Gallium Arsenide (GaAs) VCSEL Market Research Report
By Type
Single-Mode, Multimode
By Application
Consumer Electronics, Data Center, Commercial & Industrial, Automotive, Healthcare, Military
By Companies
II-VI, Lumentum, ams, TRUMPF, Broadcom, Leonardo Electronics, MKS Instruments, Santec, VERTILAS, Vertilite, Alight Technologies, WIN Semiconductors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.

Global Gallium Arsenide (GaAs) VCSEL Market Report Segments:
The global Gallium Arsenide (GaAs) VCSEL market is segmented on the basis of:
Types
Single-Mode, Multimode
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Data Center, Commercial & Industrial, Automotive, Healthcare, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
II-VI
Lumentum
ams
TRUMPF
Broadcom
Leonardo Electronics
MKS Instruments
Santec
VERTILAS
Vertilite
Alight Technologies
WIN Semiconductors



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Highlights of The Gallium Arsenide (GaAs) VCSEL Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Single-Mode
Multimode
By Application:
Consumer Electronics
Data Center
Commercial & Industrial
Automotive
Healthcare
Military
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Gallium Arsenide (GaAs) VCSEL Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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