Vertical-cavity surface-emitting lasers (VCSELs) will be a $2.1 billion market, growing 33.1 percent from 2013 to 2018, BCC Research predicts.

Optical fiber data transmission is expected to record the highest growth within the VCSEL market: $615.1 million by 2018, for a compound annual growth rate (CAGR) of 31.2 percent during the forecast period.

Meanwhile, analog broadband signal transmission and tunable diode laser absorption spectroscopy are predicted to see CAGRs of 37.3 percent and 37.2 percent, respectively.

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