The Europe VCSEL Market would witness market growth of 12.8% CAGR during the forecast period (2022-2028).
A large number of VCSELs can be processed simultaneously on a three-inch gallium arsenide wafer because VCSELs emit the beam perpendicular to the laser's active region, as opposed to parallel as with edge emitters. In addition, even though the VCSEL manufacturing method is more labor- and material-intensive, the output can be more precisely regulated.
The laser resonator comprises two distributed Bragg reflector (DBR) mirrors parallel to the wafer surface and one or more quantum wells for laser light production in between. The DBR mirrors are composed of layers with alternatingly low and high refractive indices. Each layer is a quarter of the laser wavelength in the material, resulting in reflectivity over 99%. To compensate for the limited axial length of the gain area, VCSELs need mirrors with high reflectivity.
Germany is the largest automotive industry in Europe, both in production and sales, accounting for over 25 percent of all passenger cars produced and nearly 20 percent of new registrations. Additionally, Germany has the highest concentration of OEM plants in Europe. Currently, there are 44 OEM locations in Germany. In 2021, the German OEM sector share in the EU exceeded 55 percent. In 2021, German automakers manufactured more than 15.6 million automobiles. Also, 15 of the top 75 automotive suppliers in the world are German companies. In 2021, more than 3.1 million passenger cars and 351,000 commercial vehicles were made in German facilities, making Germany the European leader in the automobile industry. This supports the growth of the regional market.
The Germany market dominated the Europe VCSEL Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $172.1 million by 2028. The UK market is anticipated to grow at a CAGR of 11.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 13.6% during (2022 - 2028).
Based on Type, the market is segmented into Multimode and Single mode. Based on Wavelength, the market is segmented into Near Infrared (NIR), Shortwave Infrared (SWIR) and Red. Based on Application, the market is segmented into Sensing, Data Communication, Industrial Heating & Laser Printing and Others. Based on Data Rate, the market is segmented into 10.1 to 25 Gbps, Up to 10 Gbps and Above 25 Gbps. Based on Material, the market is segmented into Gallium Arsenide (GaAs) and Indium Phosphide (InP) & Others. Based on Industry, the market is segmented into Consumer Electronics, Data Center, Commercial & Industrial, Automotive, Healthcare and Military. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global VCSEL Market will Hit $2.7 Billion by 2028, at a CAGR of 13.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include II-VI, Incorporated, Lumentum Holdings, Inc., ams-OSRAM AG, Broadcom, Inc., Leonardo SpA, MKS Instruments, Inc., TRUMPF GmbH + Co. KG, Santec Corporation, Vertilite Co., Ltd., and TT electronics PLC.
By Type
By Wavelength
By Application
By Data Rate
By Material
By Country
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