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The VCSEL (vertical-cavity surface-emitting laser) market will be worth $3.1 billion by 2022, research firm Markets and Markets has reported. The market is expected to rise at a CAGR of 17.3 per cent from the $954.6 million it was valued at in 2015, driven by the automotive and data transmission sectors. Factors such as greater
VCSEL market to be worth $3.1 billion by 2022 Multimode VCSELs continue
implementation of data centres. For instance Microsoft and Google, both are constructing major data centres in this region which would ultimately boost the growth of the overall market.’
to be the major contributor to the overall market, and are expected to exhibit a continually high growth rate throughout the forecast period. They are suitable for long-haul
transmissions as they offer better modulation compared to single-mode VCSELs, according to Markets and Markets, making them suitable for precision sensing and datacom applications.
accuracy and high-power efficiency in medical and sensing applications, as well as additional capabilities like low diversion, high-beam light, low heat and compact size were also revealed by the research firm as drivers for growth. The automotive sector is seen as a driver of the market due to the increasing use of electrical systems in automobiles that has led to a dramatic increase in VCSEL importance, and therefore demand. ‘Recent automobiles have
improved significantly in terms of fuel efficiency, safety, in-car entertainment and engine performance. All these technologies generate a large amount of data, which needs to be transmitted at a high speed,’ Markets and Markets explained. ‘VCSELs meet the high data rate requirements of the media-oriented systems transport (MOST) specification, which is the common networking protocol for designing internal communication networks in premium automobiles. This makes VCSEL sensors ideally suitable for new automotive markets.’ Data communication is also driving the demand for VCSELs, particularly in North America, where it holds the largest share, according to Markets and Markets. ‘The adoption of the Internet of Things for effective performance has resulted in the generation of huge amounts of data,’ the research firm said. ‘This has increased the
www.electrooptics.com | @electrooptics March 2017 Electro Optics 9
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