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.
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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:
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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:
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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:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Type, Material, Wavelength, Application, End Use Industry, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global vertical cavity surface emitting laser (VCSEL) market was valued at US$ 1.7 Billion in 2022.
We expect the global vertical cavity surface emitting laser (VCSEL) market to exhibit a CAGR of 17.4% during 2023-2028.
The extensive utilization of VCSEL in battery-powered devices, miniature optical clocks, and compact
GPS devices, owing to its high output power and low electricity consumption, is currently driving the
global vertical cavity surface emitting laser (VCSEL) market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of numerous
manufacturing units and disrupted supply chain for vertical cavity surface emitting laser (VCSEL).
Based on the type, the global vertical cavity surface emitting laser (VCSEL) market has been divided
into multi-mode VCSEL and single-mode VCSEL. Currently, multi-mode VCSEL exhibits a clear
dominance in the market.
Based on the material, the global vertical cavity surface emitting laser (VCSEL) market can be
categorized into gallium arsenide, gallium nitride, indium phosphide, and others. Among these,
gallium arsenide holds the majority of the total market share.
Based on the wavelength, the global vertical cavity surface emitting laser (VCSEL) market has been
segmented into red (650-750 nm), near-infrared (750-1400 nm), and shortwave-infrared (1400-3000
nm). Currently, near-infrared (750-1400 nm) represents the largest market share.
Based on the application, the global vertical cavity surface emitting laser (VCSEL) market can be
bifurcated into sensing, data communication, industrial heating, laser printing, LiDAR, pulse
oximetry, and others. Among these, sensing currently accounts for the majority of the global market
share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global vertical cavity surface emitting laser (VCSEL) market include 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.
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