Computer enthusiast Xiao Lu.
2022-09-27 18:30
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However, the latest report of yole shows that the VCSEL market has undergone many changes in the past two years, from the supplier structure to the growth rate of different markets.
From outshine others to duopoly.
Judging from the market data in the past few years, the market share pattern of VCSEL manufacturers has changed greatly since 20 17. Before 20 17 years ago, the VCSEL market was dominated by Lumentum. In 20 17 years, Lumentum's market share accounted for 4 1%. In that year, companies in the second echelon of the market, including II-VI, Finisar and Trumpf (Germany Trumpf, which acquired the VCSEL technology of Philips Optoelectronics), all accounted for about 65,438+00%.
By 202 1, Lumentum was still the highest market share of VCSEL, and its market share increased slightly, reaching 42%. However, the second echelon ushered in great changes with the acquisition of Finisar by II-VI in 20 19. Due to the merger with Finisar and the stable income as an Apple supplier, the market share of II-VI reached 37% in 202 1, second only to Lumentum.
At this time, the total market share of II-VI and Lumentum is close to 80%, and the share of second-tier players such as Trumpf, Ames Osram, Broadcom and Huizong Guangxin has been compressed to less than 5%.
For the players in the second echelon, there are not many market opportunities left for them. The duopoly of VCSEL market will continue, and the head players will continue to consolidate their market position through mergers and acquisitions. Vertical integration has also become a major trend in the industry.
In 20 18, Lumentum acquired laser company Oclaro for 1800 million dollars. Oclaro owns leading InP (indium phosphide) lasers, photonic integrated circuits and related components and modules, and focuses on telecom optical communication, enterprise networks, data centers and other markets, making up for Lumentum's shortcomings in industrial applications. After the acquisition of Oclaro, Lumentum's product line covers almost all industries such as telecommunications, industry and consumer electronics, and the improvement of product portfolio has greatly improved the competitiveness of enterprises.
As mentioned above, II-VI completed the acquisition of Finisar on 20 19, but II-VI did not let go of the pace of merger and integration. In July this year, II-VI announced the completion of the acquisition of Coherent, a laser and laser system company. After the merger, II-VI Group officially changed its name to Coherent, and the original name and brand logo will gradually complete the transition to the new brand in the next few months.
It is worth mentioning that II-VI had a fierce competition with Lumentum on the acquisition of Coherent, and finally successfully acquired it with a higher offer.
Market segment: data communication is expected to surpass consumer electronics, and the automobile market has the fastest growth rate.
According to Yole's forecast, the overall market size of VCSEL will reach 2.2 billion dollars in 2022 and 3.9 billion dollars in 2027, with a compound annual growth rate of 19.2%. It is worth noting that in the market segment, the market size of mobile and consumer electronics applications is higher than that of data communication market, which is expected to be 840 million US dollars in 2022, while the market size of data communication applications in the same period is 782 million US dollars.
Yole predicts that from 2022 to 2027, the compound annual growth rate of VCSEL's mobile and consumer industry application market will be 15.7%, while the compound annual growth rate of data communication will reach 22.2%. The data communication industry benefits from the market of data center and 5G communication. The exponential growth of data volume in the future will promote the continuous growth of the demand for optical modules in the data industry.
At the same time, the growth of the automobile market is also worthy of attention. Since autonomous driving technology promotes the market of laser radar, VCSEL, as one of the important laser emitting devices of laser radar, has a demand that cannot be ignored. Yole predicts that the compound annual growth rate of automobile applications will reach 96.6% from 2022 to 2027, and the market segment will increase from 654.38+08 million US dollars in 2022 to 530 million US dollars in 2027.
summary
With the vertical integration of VCSEL industry, there are few opportunities left for other VCSEL manufacturers. But for domestic manufacturers, there are still opportunities for domestic substitution. In fact, the technical strength of domestic head VCSEL chip manufacturers can approach Lumentum and II-VI. For example, Huizong Guangxin, which just got a new round of financing in August, currently has a global market share of about1%; Changguang Huaxin, which was listed in science and technology innovation board in April this year.
(Article Source: Electronic Enthusiast Network, Author: Liang)
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