The North America VCSEL Market should witness market growth of 12.3% CAGR during the forecast period (2022-2028).
In contrast to edge-emitting semiconductor lasers, VCSELs can be examined and described immediately after growth, i.e., before the wafer is cleaved, which is a significant practical advantage. This allows for early identification and fast resolution of quality issues. In addition, it is feasible to merge a VCSEL wafer with an array of optical elements (such as collimation lenses) and then dice this composite wafer instead of installing the visual elements separately for each VCSEL. This allows for inexpensive laser product mass manufacture. Compared to the creation of edge-emitting lasers, creating VCSELs has several advantages.
Edge emitters can only be checked once the production process is complete. Production time and processing materials are well-spent if the edge emitter operates properly due to faulty contacts or poor material growth quality. However, VCSELs can be evaluated at multiple stages throughout the manufacturing process to check for material quality and manufacturing defects. For example, suppose the vias, the electrical connections between circuit layers, were not fully cleared of dielectric material during the etch. In that case, an interim testing process will indicate that the top metal layer is not establishing contact with the initial metal layer.
The Canadian automotive industry is amongst thelargest in North America. Imports account for around 75 percent of the new vehicle market. Most international vehicle manufacturers are in Canada, with theirlocal assembly lines. In addition to recent vehicle sales, the industry predicted in 2021 that the annual retail value of the automotive aftermarket was over US$19 billion and generally stable. Passenger vehicle imports increased by nearly 26% to $27.8 billion in 2021. Also, the imports of trucks and other goods-transporting vehicles, as well as tractors, increased. This will boost the market's growth in the region.
The US market dominated the North America VCSEL Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $588.9 million by 2028. The Canada market is poised to grow at a CAGR of 14.9% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 13.9% during (2022-2028).
Based on Type, the market is segmented into Multimode and Single mode. Based on Wavelength, the market is segmented into Near Infrared (NIR), Shortwave Infrared (SWIR) and Red. Based on Application, the market is segmented into Sensing, Data Communication, Industrial Heating & Laser Printing and Others. Based on Data Rate, the market is segmented into 10.1 to 25 Gbps, Up to 10 Gbps and Above 25 Gbps. Based on Material, the market is segmented into Gallium Arsenide (GaAs) and Indium Phosphide (InP) & Others. Based on Industry, the market is segmented into Consumer Electronics, Data Center, Commercial & Industrial, Automotive, Healthcare and Military. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include II-VI, Incorporated, Lumentum Holdings, Inc., ams-OSRAM AG, Broadcom, Inc., Leonardo SpA, MKS Instruments, Inc., TRUMPF GmbH + Co. KG, Santec Corporation, Vertilite Co., Ltd., and TT electronics PLC.
In contrast to edge-emitting semiconductor lasers, VCSELs can be examined and described immediately after growth, i.e., before the wafer is cleaved, which is a significant practical advantage. This allows for early identification and fast resolution of quality issues. In addition, it is feasible to merge a VCSEL wafer with an array of optical elements (such as collimation lenses) and then dice this composite wafer instead of installing the visual elements separately for each VCSEL. This allows for inexpensive laser product mass manufacture. Compared to the creation of edge-emitting lasers, creating VCSELs has several advantages.
Edge emitters can only be checked once the production process is complete. Production time and processing materials are well-spent if the edge emitter operates properly due to faulty contacts or poor material growth quality. However, VCSELs can be evaluated at multiple stages throughout the manufacturing process to check for material quality and manufacturing defects. For example, suppose the vias, the electrical connections between circuit layers, were not fully cleared of dielectric material during the etch. In that case, an interim testing process will indicate that the top metal layer is not establishing contact with the initial metal layer.
The Canadian automotive industry is amongst thelargest in North America. Imports account for around 75 percent of the new vehicle market. Most international vehicle manufacturers are in Canada, with theirlocal assembly lines. In addition to recent vehicle sales, the industry predicted in 2021 that the annual retail value of the automotive aftermarket was over US$19 billion and generally stable. Passenger vehicle imports increased by nearly 26% to $27.8 billion in 2021. Also, the imports of trucks and other goods-transporting vehicles, as well as tractors, increased. This will boost the market's growth in the region.
The US market dominated the North America VCSEL Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $588.9 million by 2028. The Canada market is poised to grow at a CAGR of 14.9% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 13.9% during (2022-2028).
Based on Type, the market is segmented into Multimode and Single mode. Based on Wavelength, the market is segmented into Near Infrared (NIR), Shortwave Infrared (SWIR) and Red. Based on Application, the market is segmented into Sensing, Data Communication, Industrial Heating & Laser Printing and Others. Based on Data Rate, the market is segmented into 10.1 to 25 Gbps, Up to 10 Gbps and Above 25 Gbps. Based on Material, the market is segmented into Gallium Arsenide (GaAs) and Indium Phosphide (InP) & Others. Based on Industry, the market is segmented into Consumer Electronics, Data Center, Commercial & Industrial, Automotive, Healthcare and Military. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include II-VI, Incorporated, Lumentum Holdings, Inc., ams-OSRAM AG, Broadcom, Inc., Leonardo SpA, MKS Instruments, Inc., TRUMPF GmbH + Co. KG, Santec Corporation, Vertilite Co., Ltd., and TT electronics PLC.
Scope of the Study
By Type
- Multimode
- Single mode
By Wavelength
- Near Infrared (NIR)
- Shortwave Infrared (SWIR)
- Red
By Application
- Sensing
- Data Communication
- Industrial Heating & Laser Printing
- Others
By Data Rate
- 10.1 to 25 Gbps
- Up to 10 Gbps
- Above 25 Gbps
By Material
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP) & Others
- Global VCSEL Market, by Industry
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- II-VI, Incorporated
- Lumentum Holdings, Inc.
- ams-OSRAM AG
- Broadcom, Inc.
- Leonardo SpA
- MKS Instruments, Inc.
- TRUMPF GmbH + Co. KG
- Santec Corporation
- Vertilite Co., Ltd.
- TT electronics PLC
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America VCSEL Market, by Type
1.4.2 North America VCSEL Market, by Wavelength
1.4.3 North America VCSEL Market, by Application
1.4.4 North America VCSEL Market, by Data Rate
1.4.5 North America VCSEL Market, by Material
1.4.6 North America VCSEL Market, by Industry
1.4.7 North America VCSEL Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Analyst's Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb - 2023, Jan) Leading Players
Chapter 4. North America VCSEL Market by Type
4.1 North America Multimode Market by Country
4.2 North America Single mode Market by Country
Chapter 5. North America VCSEL Market by Wavelength
5.1 North America Near Infrared (NIR) Market by Country
5.2 North America Shortwave Infrared (SWIR) Market by Country
5.3 North America Red Market by Country
Chapter 6. North America VCSEL Market by Application
6.1 North America Sensing Market by Country
6.2 North America Data Communication Market by Country
6.3 North America Industrial Heating & Laser Printing Market by Country
6.4 North America Others Market by Country
Chapter 7. North America VCSEL Market by Data Rate
7.1 North America 10.1 to 25 Gbps Market by Country
7.2 North America Up to 10 Gbps Market by Country
7.3 North America Above25 Gbps Market by Country
Chapter 8. North America VCSEL Market by Material
8.1 North America Gallium Arsenide (GaAs) Market by Country
8.2 North America Indium Phosphide (InP) & Others Market by Country
Chapter 9. North America VCSEL Market by Industry
9.1 North America Consumer Electronics Market by Country
9.2 North America Data Center Market by Country
9.3 North America Commercial & Industrial Market by Country
9.4 North America Automotive Market by Country
9.5 North America Healthcare Market by Country
9.6 North America Military Market by Country
Chapter 10. North America VCSEL Market by Country
10.1 US VCSEL Market
10.1.1 US VCSEL Market by Type
10.1.2 US VCSEL Market by Wavelength
10.1.3 US VCSEL Market by Application
10.1.4 US VCSEL Market by Data Rate
10.1.5 US VCSEL Market by Material
10.1.6 US VCSEL Market by Industry
10.2 Canada VCSEL Market
10.2.1 Canada VCSEL Market by Type
10.2.2 Canada VCSEL Market by Wavelength
10.2.3 Canada VCSEL Market by Application
10.2.4 Canada VCSEL Market by Data Rate
10.2.5 Canada VCSEL Market by Material
10.2.6 Canada VCSEL Market by Industry
10.3 Mexico VCSEL Market
10.3.1 Mexico VCSEL Market by Type
10.3.2 Mexico VCSEL Market by Wavelength
10.3.3 Mexico VCSEL Market by Application
10.3.4 Mexico VCSEL Market by Data Rate
10.3.5 Mexico VCSEL Market by Material
10.3.6 Mexico VCSEL Market by Industry
10.4 Rest of North America VCSEL Market
10.4.1 Rest of North America VCSEL Market by Type
10.4.2 Rest of North America VCSEL Market by Wavelength
10.4.3 Rest of North America VCSEL Market by Application
10.4.4 Rest of North America VCSEL Market by Data Rate
10.4.5 Rest of North America VCSEL Market by Material
10.4.6 Rest of North America VCSEL Market by Industry
Chapter 11. Company Profiles
11.1 Broadcom, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 TRUMPF SE + Co. KG
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Product Launches and Product Expansions:
11.2.5.3 Acquisition and Mergers:
11.3 Lumentum Holdings, Inc.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Product Launches and Product Expansions:
11.3.5.3 Acquisition and Mergers:
11.4 ams-OSRAM AG
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Product Launches and Product Expansions:
11.4.5.3 Acquisition and Mergers:
11.5 II-VI, Incorporated
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.6 MKS Instruments, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments:
11.6.5.1 Acquisition and Mergers:
11.7 Leonardo SpA
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.8 TT Electronics PLC
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Regional & Segmental Analysis
11.8.4 Research & Development Expenses
11.9 Santec Corporation
11.9.1 Company Overview
11.9.2 Financial Analysis
11.10. Vertilite Co., Ltd.
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Partnerships, Collaborations, and Agreements:
Companies Mentioned
- II-VI, Incorporated
- Lumentum Holdings, Inc.
- ams-OSRAM AG
- Broadcom, Inc.
- Leonardo SpA
- MKS Instruments, Inc.
- TRUMPF GmbH + Co. KG
- Santec Corporation
- Vertilite Co., Ltd.
- TT electronics PLC
Methodology
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