VCSEL Market

Market Overview:

The global vertical cavity surface emitting laser (VCSEL) market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 17.4% during 2023-2028.

A vertical cavity surface emitting laser (VCSEL) is a semiconductor-based laser diode that emits highly efficient optical beams perpendicular to the surface of the substrate. It is used as a transmitter in optical fiber communications as it can be modulated with high frequencies. As a VCSEL with a laser mouse has high tracking precision and low electricity consumption, it is finding applications in battery-powered devices across the globe. Besides this, due to its high output power, it is gaining traction in miniature optical clocks and compact global positioning system (GPS) devices.

VCSEL (Vertical Cavity Surface Emitting Laser) Market Trends:

VCSELs provide a compact and cost-efficient optical source for a wide range of applications as compared to edge-emitting lasers (EELs) and light-emitting diodes (LEDs). This, in confluence with the escalating demand for miniature electronic devices, represents one of the key factors driving the market growth. Moreover, the increasing utilization of biometric systems in various organizations due to the growing instances of security breaches is catalyzing the adoption of VCSELs for mapping the facial features of an individual and storing the data as a faceprint. This can also be accredited to the integration of high-quality cameras in mobile devices that make facial recognition a viable option for authentication and identification. Apart from this, VCSELs can be incorporated in light detection and ranging (LIDAR) technology, which is a crucial component in the advanced driver assistance systems (ADAS). Furthermore, the growing trend of self-driving cars is contributing to the use of VCSELs to provide data for fully autonomous vehicles without compromising their safety. Additionally, innovations in VCSEL technology are augmenting the overall product sales for sensing, imaging, and scanning applications in multiple fields, including machine vision, scientific and medical.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vertical cavity surface emitting laser (VCSEL) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, material, wavelength, application and end use industry.

Breakup by Type:

• Multi-mode VCSEL
• Single-mode VCSEL
   

Breakup by Material:

• Gallium Arsenide
• Gallium Nitride
• Indium Phosphide
• Others
   

Breakup by Wavelength:

• Red (650-750 nm)
• Near-infrared (750-1400 nm)
• Shortwave-infrared (1400-3000 nm)
   

Breakup by Application:

• Sensing
• Data Communication
• Industrial Heating
• Laser Printing
• LiDAR
• Pulse Oximetry
• Others
   

Breakup by End Use Industry:

• Telecom
• Mobile and Consumer
• Automotive
• Medical
• Aerospace and Defense
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ams AG, Broadcom Inc., II-VI Incorporated, Inneos LLC, IQE Plc, Leonardo Electronics US Inc., Lumentum Operations LLC, Teledyne FLIR LLC (Teledyne Technologies Incorporated), The TRUMPF Group, TT Electronics Plc, Vertilas GmbH and Vertilite Inc.

Report Coverage: