Report : 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)
Multi-ModeSegment to DominateAPACVCSEL for Data CommunicationMarket during the forecast period (2020 – 2027)
According to The Insight Partners market research study on “APACVCSEL for Data CommunicationMarketto 2027 – COVID-19 Impact andRegional Analysis and Forecast by Type and Material”is expected to reach US$ 519.91millionby 2027 from US$ 119.35millionin 2019. The market is estimated to grow at a CAGR of 21.0% from 2020 to 2027. The report provides trends prevailing in the APACVCSEL for data communication market along with the drivers and restraints pertaining to the market growth.Continuous investment in research and development in various applications of VCSEL (vertical cavity surface emitting laser) based products creates ample business opportunitiesis the major factor driving the growth of the APACVCSEL for data communicationmarket. However, challenges associated with data transmission ranges of VCSEL technologieshinder the growth of APACVCSEL for data communicationmarket.
In APAC, India has the highest number of COVID-19 confirmed cases, and China and Japan follow it among other countries. 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 with the semiconductor industry. COVID-19 shows the possible risks and vulnerability of present electronics and semiconductor value chain models and creates challenges for the semiconductor industry to consider altering its APAC supply chain model. Furthermore, 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 growth as investments are expected in the data communications industry. Also, several governments have urged people to work from home as well as practice social distancing. Since then, several day-to-day activities from working to schooling, have shifted online. This shift has resulted in a sudden rise in digital communications services across the APAC. Online teaching and work from home have increased the need for internet access with people ensuring to remain connected. The APAC region, particularly India, witnessed an unprecedented rise in the number of confirmed cases resulting in large-scale lockdown across different areas and industrial activities. The majority of the manufacturing plants have shut down, municipalities are functioning slowly compared to the past, and the semiconductor industry was at a halt, negatively impacting the VCSEL for data communication market. However, the manufacturing plants, semiconductor industry, and several other businesses are functioning slowly, negatively impacting the APAC VCSEL for data communication market.
The APACVCSEL for data communication marketis segmented into type, material, and country. Based on type, the market is segmented into single mode and multi-mode. In 2019, the multi-modesegment held the largest share in APACVCSEL for data communication market.Similarly, based on material, the market is bifurcated into gallium nitride, gallium arsenide, indium phosphide, and other. The gallium arsenidesegment contributed a substantial share in 2019.
Bandwidth10; Broadcom, Inc.; Hamamatsu Photonics K.K.; II-VI Incorporated; Lumentum Holdings Inc.; TRUMPF; VERTILAS GmbH; and Vertilite Co., Ltdare among the leading companies in the APAC VCSEL for data communication market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, II-VI Incorporated launched its high-speed Datacom VCSELs on its vertically integrated 150 mm gallium arsenide (GaAs) technology platform for serving the increasing demand for optical high-definition multimedia interface (optical HDMI) cables in consumer electronics.
APACVCSEL for Data Communication Market– By Country