Vertical Cavity Surface Emitting Laser (VCSEL) Market (Wavelength - Red (650-750 nm), Near-infrared (750-1400 nm), and Shortwave-infrared (1400-3000 nm); End User Industry - Telecom, Automotive, Medical, Aerospace and Defense, and Others; Application - Data Communications, Sensing and LiDAR, 3D Sensing, Medical Applications, Printing and Imaging, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on vertical cavity surface emitting laser (VCSEL) market provides in-depth analysis of segments and sub-segments in the global as well as regional vertical cavity surface emitting laser (VCSEL) market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vertical cavity surface emitting laser (VCSEL) market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global vertical cavity surface emitting laser (VCSEL) market.

Market Insight:

The vertical cavity surface emitting laser (VCSEL) market was valued at USD 3,387.61 million in 2022 and is expected to reach USD 13,130.47 million in 2030, with a CAGR of 16.01% during the forecast period 2023-2030.

A Vertical Cavity Surface Emitting Laser (VCSEL) is a semiconductor-based laser diode that emits a highly collimated and low-divergence laser beam perpendicular to the surface of the semiconductor wafer. VCSELs are used in various applications, including fiber optic communication, sensing, imaging, and printing. VCSELs have a number of advantages over traditional edge-emitting laser diodes. First, they emit light perpendicular to the surface of the semiconductor, which makes them easier to couple to optical fibers and other optical components. Second, VCSELs can be fabricated using standard semiconductor manufacturing techniques, which makes them highly scalable and cost-effective. Finally, VCSELs have a narrow emission spectrum, which makes them useful for wavelength division multiplexing in fiber optic communication. VCSELs are used in various applications, including optical data transmission, sensing, and imaging. In data transmission, VCSELs are used as light sources in fiber optic communication networks. In sensing, VCSELs are used to detect changes in temperature, pressure, and chemical composition. In imaging, VCSELs are used to generate high-quality images for medical, industrial, and military applications.

The VCSEL (Vertical Cavity Surface Emitting Laser) market is witnessing significant growth due to various factors. One of the major factors driving the growth is the rise in the adoption of 3D sensing applications in smartphones. VCSELs are being increasingly adopted by wafer manufacturers, testing and inspection, and MOCVD system providers, which is further accelerating the market growth. Additionally, the features of VCSELs such as high efficiency, high speed, cost-effective solution, and precision are driving demand for the diode. The market growth is further fueled by the trend towards larger-sized, higher resolution, and thinner profile computer and television displays, as well as the growth in cloud computing and 5G wireless communications, which is leading to an increase in the number of data centers. Urbanization and digitization, the use of VCSELs in data communication, and the expansion of end-use industries are also positively impacting the market. However, there are some factors that may hinder the market growth, such as the limited data transmission range and lack of standard protocols for the technology. Gallium nitride limitations restricting the performance of VCSELs and the lack of trained professionals are also expected to pose challenges to the market in the forecast period 2023-2030. Furthermore, OEMs adopting VCSELs in consumer devices present profitable opportunities to market players in the forecast period 2023-2030.

The market for Vertical Cavity Surface Emitting Lasers (VCSELs) is global, with major players operating in various regions around the world. However, the Asia Pacific region is expected to hold the largest market share in the coming years, due to the increasing demand for consumer electronics such as smartphones, tablets, and laptops in countries like China, Japan, and South Korea. Further, North America is expected to have a significant market share due to the growth of data centers and cloud computing in the region. The United States is a major player in this region, and its technological advancements in the field of VCSELs are expected to fuel the growth of the market in the region. Moreover, Europe is expected to have a moderate market share due to the presence of several key players and technological advancements in the region. Germany, France, and the United Kingdom are major contributors to the growth of the VCSEL market in Europe.

Report Scope of the Vertical Cavity Surface Emitting Laser (VCSEL) Market:

Segment Covered

The report on global vertical cavity surface emitting laser (VCSEL) market covers segments such as wavelength, end user industry, and application. On the basis of wavelength, the sub-markets include red (650-750 nm), near-infrared (750-1400 nm), and shortwave-infrared (1400-3000 nm). On the basis of end user industry, the sub-markets include telecom, automotive, medical, aerospace and defense, and others. On the basis of application, the sub-markets include data communications, sensing and LiDAR, 3D sensing, medical applications, printing and imaging, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Lumentum Operations LLC, TRUMPF, Broadcom, ams AG, VERTILAS GmbH, Santec Holdings Corporation, Hamamatsu Photonics K.K., Vixar Inc., HLJ Technology Co,. Ltd, and Alight.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the vertical cavity surface emitting laser (VCSEL) market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.