Asia Pacific VCSEL for Data Communication Market Key Players and Forecast by 2027

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 China, Japan, India, and Australia are major economies in APAC. The continuous investment in research and development in various applications of VCSEL (vertical cavity surface emitting laser) based products creates ample business opportunities has gained momentum over the past few years. The VCSEL based technology products continue to attract notable investment from several APAC market players and visionaries to leverage the commercial scope of utilities for this technology across different industry verticals. As a result, the technology overall witnessed significant investment in developing state-of-the-art production and manufacturing facilities throughout developed and developing economies. For instance, telecom giant Huawei invested in a Chinese-based start-up, Vertilite specializing in developing a broad range of VCSEL products with numerous applications, including data communication. Thus, the market is expected to broaden its scope of data communication through VCSEL based technology through continuous investment into product development and research that contributes significantly in widening the scope of its commercial application for data communication. Thus, the continuous investment in research and development in various applications of VCSEL based products creates ample business opportunities is expected to create a significant demand for VCSEL for data communication in the coming years, which is further anticipated to drive the market in APAC.

In the APAC, India has the highest number of COVID-19 confirmed cases, and China and Japan follow it among other countries. India witnessed an unprecedented rise in the number of confirmed cases resulting in large-scale lockdown across different regions and industrial activities. The consequence and the impact can be even worse and depends on the spread of the virus. The governments of APAC countries are taking possible steps to reduce its effects by announcing lockdowns, impacting the market's revenue. China is one of the leading manufacturing sectors in the region and is one of the significantly affected APAC countries. Several markets have witnessed negative growth trends in the past three months. India, Japan, South Korea, and Taiwan are still combating with the virus, and are implementing lockdowns, which is a crucial factor towards the slowdown in the growth of Asia Pacific VCSEL for Data Communication market. However, China has been able to stabilize its spread of COVID-19, and industries are up and running. This embarks a positive sign towards the stabilization of the APAC VCSEL for data communication market. As the APAC semiconductor industry has revealed signs of a robust recovery for much of the past quarter, this can be condensed in the coming months owing to supply and demand-side interruption amid the novel COVID-19 outbreak.

With the new features and technologies coming in APAC VCSEL for data communication market, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC VCSEL for data communication market. The APAC VCSEL for data communication market is expected to grow at a good CAGR during the forecast period.

APAC VCSEL for Data Communication Market Segmentation

APAC VCSEL for Data Communication Market – By Type

• Single Mode
• Multi-Mode

APAC VCSEL for Data Communication Market – By Material

• Gallium Nitride
• Gallium Arsenide
• Indium Phosphide
• Other

APAC VCSEL for Data Communication Market - By Country

• China
• Japan
• India
• Australia
• Rest of APAC

APAC VCSEL for Data Communication Market – Company Profiles

• Bandwidth10
• Broadcom, Inc.
• Hamamatsu Photonics K.K.
• II-VI Incorporated
• Lumentum Holdings Inc.
• TRUMPF
• VERTILAS GmbH
• Vertilite Co., Ltd

Asia Pacific VCSEL for Data Communication Report Scope