DUBLIN--(BUSINESS WIRE)--The "Asia Pacific VCSEL for Data Communication Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Single Mode and Multi-Mode) and Material (Gallium Nitride, Gallium Arsenide, Indium Phosphide, and Other)" report has been added to ResearchAndMarkets.com's offering.
The VCSEL for data communication market in APAC is expected to grow from US$ 119.35 million in 2019 to US$ 519.91 million by 2027; it is estimated to grow at a CAGR of 21.0% from 2020 to 2027.
The VCSEL (vertical cavity surface emitting laser) market players are investing heavily in exploring the commercial viability of this technology across the automotive industry. It would serve a similar purpose as that of LiDAR (light detection and ranging) systems. Thus, the companies are focusing on developing larger and powerful VCSEL arrays to further expand their commercial application scope, such as the automotive industry.
For instance, as per Automotive Electronics Council (AEC), one of the leading providers of VCSEL technology for 3D sensing and industrial applications successfully completed tests for the automotive industry's temperature ranges requirement. Thus, the automotive industry and VCSEL arrays-based products are expected to gain significant traction during the coming years owing to the notable investment by several market players operating in this segment. Thus, the potential expansion of VCSEL technology in automotive industry is among the other factors expected to positively influence the demand for VCSEL for data communication.
As the complete impact of COVID-19 is still unknown, the impact across the electronics value chain will probably be beyond reach and strongly affecting parties involved in the semiconductor industry. COVID-19 shows the possible risks and vulnerability of present electronics and semiconductor value chain models and creates challenges in the semiconductor industry to consider altering its APAC supply chain model.
Further, during the lockdown in several affected countries, VCSEL manufacturers halted their activities due to disrupted supply of raw materials such as gallium arsenide and indium phosphide with mobility restrictions during the lockdown. However, after the relaxation, the market is expected to witness a significant growth considering the investments in data communications industry. Also, several governments have urged people to work from home as well as practice social distancing. This shift has resulted in a sudden rise in digital communications services across APAC. Online teaching and work from home have increased the need for internet access with people ensuring to remain connected.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. APAC VCSEL for Data Communication Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC VCSEL for Data Communication Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Continuous investment in research and development of various applications of VCSEL based products creates ample business opportunities
5.2 Market Restraints
5.2.1 Challenges associated with data transmission ranges of VCSEL technologies
5.3 Market Opportunities
5.3.1 Potential expansion of VCSEL technology in automotive industry
5.4 Future Trends
5.4.1 Growing demand of optical based interconnection for data transmission in VCSEL industry
5.5 Impact Analysis of Drivers and Restraints
6. APAC VCSEL for Data Communication Market Analysis
6.1 Market Overview
6.2 APAC VCSEL for Data Communication Market - Revenue and Forecast to 2027 (US$ Million)
6.3 APAC Market Positioning - Five Key Players
7. APAC VCSEL for Data Communication Market Analysis - By Type
7.2 APAC VCSEL for Data Communication Market, by Type (2019 and 2027)
7.3 Single Mode
7.3.2 Single Mode: VCSEL for Data Communication Market - Revenue and Forecast to 2027 (US$ Million)
8. APAC VCSEL for Data Communication Market Analysis - By Material
8.2 APAC VCSEL for Data Communication Market, by Material (2019 and 2027)
8.3 Gallium Nitride
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. APAC VCSEL for Data Communication Market - Country Analysis
10. APAC VCSEL for Data Communication Market - COVID-19 Impact Analysis
11. Industry Landscape
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
- Broadcom, Inc.
- Hamamatsu Photonics K.K.
- II-VI Incorporated
- Lumentum Holdings Inc.
- VERTILAS GmbH
- Vertilite Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/r/2xr3vi