According to the research report titled ‘Global VCSEL Market: Analysis By Device Type (Single Mode, Multi-Mode), Application, End User, By Region, By Country (2020 Edition): Opportunities and Forecast (2020-2025)’, available with Market Study Report, global VCSEL market had generated revenues wroth USD 1,676.34 million in 2019 and is likely to expand significantly by the year 2025.
 

Growing adoption of high precision and power efficient products coupled with increasing applications of the technology are key factors driving the growth of global VCSEL market. Rapid technological breakthroughs in data communication, automotive, and electronics sector coupled with growing demand for high-quality products are also aiding towards the market expansion.
 

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Technological breakthroughs have allowed for integration of VCSEL in data communication systems as well as in infrared illumination. Collective inclination towards adopting newer technologies, especially in China, Germany, the U.K., and the U.S., coupled with mounting production of LiDAR and 3D sensing technologies are facilitating the overall business scenario.
 

As per the device type, the report states that multimode segment accounts for the largest market share and is set to record consistent growth throughout the study period. Increasing popularity of data communication systems and consumer electronics is a major factor fueling the segmental share.
 

Elaborating on the application spectrum, the data communication segment is expected to amass lucrative revenues for the worldwide VCSEL market in the ensuing years, primarily due to widespread utilization of consumer electronics and data communication solutions.
 

Citing the end-user landscape, global VCSEL market share from data centers is expected to showcase robust CAGR through 2025. Rising number of data centers, increasing internet penetration, and growing demand for advanced technologies are favoring the overall market scenario.
 

The competitive landscape of global VCSEL market is defined by companies such as Broadcom Inc., TRUMPF GmBH + Co. KG, Lumentum Operations LLC, IQE, and II-VI Incorporated among others.