Vertical Cavity Surface Emitting Lasers (VCSELs) offer reliability, high efficiency, precision, and high speed with cost effective solution. VCSELs have found broad applications in bar code sensors, POF based home networking, atomic clock technology, and data communication industry. With significant lower cost, portability, high speed, power savings, chip scale atomic clocks (CSAC) can be introduced to extensive series of innovative applications.
VCSELs offer reliability, high efficiency, precision and high speed with a cost-effective solution. Blue and green VCSELs are based on indium gallium nitride (InGaN) and are fueling the market of small photonics devices such as laser pico projectors. Additionally, blue and green VCSELs are expected to find usage in laser printers, high density and high speed optical disk, and full color displays among others. Thus, the proliferation in demand for InGaN-based blue and green VCSELs is expected to drive this market in the upcoming years.
The long wavelength InP-based VCSELs have accounted for a much low market share in comparison to GaAs-based VCSELs. The InP-based VCSELs are at the initial stage of the commercialization. Thus, one of the key challenges for manufacturers in this industry is to design and manufacture a device structure with as low cost as 850 nm GaAs-based VCSEL.
Geographically, Europe is an advanced market for the automotive lighting industry. Europe has been at the forefront of implementing automotive regulations and norms, which have prompted automobile manufacturers to develop advanced automotive laser lighting systems. Also, the European consumers have been equally open and receptive in adopting the technology. The U.K, Germany and France have been key countries generating maximum revenue for the European region in this market, owing to rapid adoption and deployment of laser-based solutions for various applications.
Some of the key companies operating in the global VCSELs market include Avago Technologies, Alight Technologies A/S, Phillips Photonics, Finisar Corporation, Litrax Technology Co. Ltd., and Sumitomo Electric Industries Ltd.