Dublin, Oct. 09, 2020 (GLOBE NEWSWIRE) -- The "VCSEL for Data Communication Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; Material" report has been added to ResearchAndMarkets.com's offering.
Multi-mode VCSEL to continue dominate market for data communication
The market was valued at US$ 284.05 million in 2019 and is projected to reach US$ 1,135.68 million by 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.
The global VCSEL for data communication market comprises numerous companies specializing in broad range of offerings. However, strong presence of companies manufacturing electronics and their subsequent components, as well as parts, in Asia has empowered the region to hold the largest share of the overall market.
Further, APAC is expected to continue to retain its market leadership in the coming years. In addition, the operation of a large number of manufacturing facilities of consumer electronics, data center, and fiber optics-related products across Asia, especially in China, has been contributing to the notable share of the region in the global market.
Certain countries in the rest of world have started rolling-out 5G connectivity, although with a limited coverage. Operators are aggressively upgrading their 5G network coverage, in the Middle East in 2019. The roll-out of 5G services and expansion of 5G networks are expected to boost the demand for VCSELs. Moreover, the region is experiencing growth in its data center market. For instance, in 2019, Microsoft opened two data centers in the Middle East-in Abu Dhabi and Dubai. Also, AWS opened a new data center in Bahrain.
COVID-19 Impact on VCSEL for data communication Market
The impact of COVID-19 pandemic 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, thereby challenging the industry to consider altering its global supply chain model.
For instance, in APAC, many countries have imposed lockdowns after March 2019 to contain the COVID-19 infection spread; this has paralyzed economic activities throughout the region due to factory shutdown, resulting in suspended manufacturing.
In March, factories in Japan contracted at the fastest pace in around a decade, signifying that the world's third-largest economy is possibly already in recession.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. VCSEL for Data Communication Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. VCSEL for Data Communication Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in adoption of VCSEL technology in data communication application
5.1.2 Expanding scope of application through continuous technological improvement
5.2 Market Restraints
5.2.1 Challenges related to data transmission ranges and standardization
5.3 Market Opportunities
5.3.1 Potential applications in automotive industry and larger VCSEL arrays
5.4 Future Trends
5.4.1 Surge in adoption of optical interconnections for data transmission
5.5 Impact Analysis of Drivers and Restraints
6. VCSEL for Data Communication - Global Market Analysis
6.1 VCSEL for Data Communication Market Overview
6.2 VCSEL for Data Communication Market - Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Market Players Ranking
7. VCSEL for Data Communication Market Analysis - By Type
7.1 Overview
7.2 VCSEL for Data Communication Market, By Type (2019 and 2027)
7.3 Single Mode
7.3.1 Overview
7.3.2 Single Mode: VCSEL for Data Communication Market - Revenue, and Forecast to 2027 (US$ Million)
7.4 Multi-Mode
8. VCSEL for Data Communication Market Analysis - By Material
8.1 Overview
8.2 VCSEL for Data Communication Market, By Material (2019 and 2027)
8.3 Gallium Nitride
8.3.1 Overview
8.3.2 Gallium Nitride: VCSEL for Data Communication Market - Revenue, and Forecast to 2027 (US$ Million)
8.4 Gallium Arsenide
8.5 Indium Phosphide
9. VCSEL for Data Communication Market - Geographic Analysis
10. Impact of COVID-19 Pandemic on VCSEL for Data Communication Market
10.1 Overview
10.1.1 Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Key Company Profiles
12.1 Key Facts
12.2 Business Description
12.3 Products and Services
12.4 Financial Overview
12.5 SWOT Analysis
12.6 Key Developments
- 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
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