The global market for VCSELs is considered as fragmented in nature with an existence of several players operating worldwide, states a new research report by Transparency Market Research. The key players in the market are emphasizing on product innovation and the rising research and development activities are predicted to support the development of the overall market in the forecast period. Moreover, the increasing mergers and acquisitions and strategic collaborations are anticipated to offer potential growth opportunities for the market players in the near future. The key players operating in the vertical cavity surface emitting laser market across the globe are Royal Philips Electronics N.V., II-VI Incorporated, Panasonic Corporation, Newport Corporation, IQE Public Limited Company, Broadcom Limited, Princeton Optronics Inc., Finisar Corporation, Lumentum Holdings, Inc., and Coherent, Inc.
As per the research study by TMR, in 2015, the global market for VCSELs stood at US$775.2 mn and is estimated to reach a value of US$4,728.8 mn by the end of 2024. The market is estimated to register a potential 22.30% CAGR between 2016 and 2024. From a regional viewpoint, Europe is projected to hold a major share of the global VCSELs market and is expected to remain in the similar situation in the coming few years. North America and Asia Pacific are projected to witness healthy growth throughout the forecast period.
Read More @ https://www.transparencymarketresearch.com/vertical-cavity-surface-emitting-laser-market.html
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