August 13, 2018
WELLESLEY, Mass., Aug 13, 2018– Growing popularity across end-user markets, expanding use of gesture recognition, and greater precision and efficiency in a compact form are all helping to boost the vertical-cavity surface-emitting lasers market, according to a new report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 17.6% through 2022, when it is expected to top more than $3.6 billion, according to the report Vertical-cavity Surface-emitting Lasers (VCSELs): Technologies and Global Markets.
Major players in the market include Coherent, Finisar, IQE, Lumentum, Logitech International, Newport, Panasonic, Philips Photonics, Princeton Optronics, Schneider Electric, Thorlabs, Trilumina and Vixar.
“Another factor that makes VCSELs superior to their competitors is in their production process,” said report author Sinha G. Gaurav. “While edge emitters cannot be tested until the end of the production process, VCSELs can be tested at any time in the production process. This saves time for manufacturers and leads to a higher-quality product in the end.”
Market Restraints Include Low Quality Packaging and Sustaining Demand for Quick Data
Because VCSELs are manufactured from GaAs substrates, they suffer from dark-line defects, the report notes, and the presence of high concentrations of minority carriers in semiconductor lasers allows the defects to develop. Reliable VCSELs require very high-quality starting material and care. Meanwhile, although data rates in excess of 50 Gbps have been demonstrated in laboratory settings, such products are a long way from commercial availability. With growing demand for high-speed data communications, a network would need more parallel optical channels—a factor which would increase network costs.
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Vertical-Cavity Surface-Emitting Lasers (VCSELs): Technologies and Global Markets( PHO011C )
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