Europe VCSEL for Data Communication Market Developments and Forecast by 2027

The VCSEL for data communication market in Europe is expected to grow from US$ 84.34 million in 2019 to US$ 331.62 million by 2027; it is estimated to grow at a CAGR of 19.5% from 2020 to 2027.

The UK, Germany, France, Italy, and Russia are major economies in Europe. Wide scope of application through continuous technological improvements has gained momentum over the past few years. The VCSEL based technology products continues to attract potential investment from several Europe 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 the development of state-of-the-art production and manufacturing facilities throughout developed and developing economies. For instance in 2019, the European Commission invested € 25.0 million Euros into Germany’s Berlin facility to set up a new VCSEL based manufacturing plant capable of mass production of the semiconductor chips, including testing equipment focused on datacom and sensing-based applications. 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. Therefore, the continuous investment into research & development to identify the potential new commercial application for VCSEL based products for data communication could yield lucrative business opportunities for the market players during the coming years. Thus, the growth in the wide scope of application through continuous technological improvements 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 Europe.

In Europe, Russia has the highest number of COVID-19 confirmed cases, and the UK follows it. Russia witnesses a sudden rise in the number of confirmed cases resulting in large-scale lockdown across different regions as well as 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, which negatively impacts the VCSEL for data communication market. In terms of the death toll, the UK has higher number of deaths comparing to other countries in Europe. However, the manufacturing plants, semiconductor industry, and several other businesses are functioning slowly, negatively impacting Europe VCSEL for data communication market.

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

Europe VCSEL for Data Communication Market – By Type

• Single Mode
• Multi-Mode

Europe VCSEL for Data Communication Market – By Material

• Gallium Nitride
• Gallium Arsenide
• Indium Phosphide
• Other

Europe VCSEL for Data Communication Market - By Country

• UK
• Germany
• France
• Italy
• Russia
• Rest of Europe

Europe VCSEL for Data Communication Market – Company Profiles

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

Europe VCSEL for Data Communication Report Scope