Vertical Cavity Surface Emitting Laser (VCSEL) Market 2030 By Type (Single-mode, Multi-mode), Material Type (Gallium Arsenide (GaAs), Indium Phosphide (InP), Gallium nitride), Wavelength, Application, End-use Industry & Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Electronics & Semiconductors | Pages : 190 Pages | Published On : Dec 2023

         
     

Vertical Cavity Surface Emitting Laser (VCSEL) Market size is estimated to grow from USD 1.4 Billion in 2023 to reach USD XX Billion by 2030, growing at a CAGR of 20.2% during the forecast period from 2023 to 2030.

Vertical Cavity Surface Emitting Laser (VCSEL) Market Size


Graph
             2022                         2023 to 2030      

ReportDetails
Market Size ValueUSD 1.4 Billion in 2023
Market Size ValueUSD XX Billion by 2030
CAGR20.2%
Forecast Period2023 to 2030
Historic Data2022
Segments CoveredType, Material Type, Wavelength, Application, End-use Industry
Geographics CoveredNorth America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Major players in the Vertical Cavity Surface Emitting Laser (VCSEL) Market include Agiltron Inc., Alight Technologies ApS, AMS Technologies AG, Broadcom Ltd., Coherent, Inc., Finisar Corporation, II-VI, Inc., IQE PLC, Laser Components GmbH, Litrax Technology Co., Ltd., Lumentum Operations LLC, Necsel Intellectual Property Inc., Neophotonics Corporation, Newport Corporation, Philips Photonics and Others.

Vertical-Cavity Surface-Emitting Lasers (VCSELs) find extensive utility as illumination sources in the realm of 3D sensing applications. The adoption of 3D sensing technologies spans diverse industries, encompassing consumer electronics, medical devices, industrial settings, and automotive applications. This adoption is driven by the pursuit of heightened precision and exactitude for various tasks. Within the scope of cameras, frequently found in smartphones, automobiles, drones, and robotic systems, these technologies facilitate the scanning and visualization of objects in a three-dimensional format. Notably, VCSELs play a prominent role in consumer electronics like smartphones, being widely integrated for purposes such as facial recognition and gesture control functionalities. In the context of industrial automation, VCSELs are harnessed to ensure accurate sensing technologies. Furthermore, their deployment extends to virtual reality and gaming sectors. The collective expansion of these industries consequently fosters a demand surge for 3D sensing technologies, thereby distinctly influencing the requisition for VCSELs.

The Vertical Cavity Surface Emitting Laser (VCSEL) market is undergoing substantial expansion, propelled by a constellation of factors. A pivotal driver behind this growth is the escalating adoption of 3D sensing applications within smartphones. Notably, VCSELs are finding increasing resonance among wafer manufacturers, testing and inspection sectors, and providers of Metal-Organic Chemical Vapor Deposition (MOCVD) systems. This burgeoning adoption further accelerates the market's expansion trajectory. Additionally, the distinctive attributes of VCSELs, encompassing remarkable efficiency, rapid speeds, cost-effectiveness, and precision, are generating heightened demand for these diodes. The market's momentum is further galvanized by the shift toward larger, higher-resolution, and thinner-profile computer and television displays. The surge in cloud computing and the evolution of 5G wireless communications are also contributing to an upsurge in data center numbers. The phenomena of urbanization and digitization, alongside the application of VCSELs in data communication and the expansion of end-use sectors, are furnishing a positive impetus to the market's progression. However, certain factors might impede the market's expansion, including the limited data transmission range and the absence of standardized protocols for the technology. Limitations stemming from gallium nitride, which curtail the performance of VCSELs, and the dearth of adequately trained professionals are also anticipated to present challenges for the market within the forecast period of 2023-2030.

Surging adoption of 3D sensing applications across various industries

A significant factor in the Vertical Cavity Surface Emitting Laser (VCSEL) market is the surging adoption of 3D sensing applications across various industries, particularly in the realm of consumer electronics, such as smartphones. The incorporation of VCSELs within these applications enables accurate and efficient depth perception, enabling functionalities like facial recognition, gesture control, and augmented reality experiences. As the demand for enhanced user experiences and innovative features intensifies, the need for reliable and high-performance 3D sensing technologies, facilitated by VCSELs, becomes increasingly pronounced. This adoption trend not only fuels the growth of the VCSEL market but also solidifies its role as an essential component in shaping the future of interactive technology.

Escalating integration of VCSEL technology in emerging applications related to LiDAR systems

A notable trend within the Vertical Cavity Surface Emitting Laser (VCSEL) market is the escalating integration of VCSEL technology in emerging applications related to LiDAR (Light Detection and Ranging) systems. LiDAR technology, commonly used for mapping and environmental sensing, is finding extensive use in industries like autonomous vehicles, robotics, and industrial automation. VCSELs, with their ability to emit laser light with precise control and accuracy, are becoming a preferred choice for these LiDAR systems. Their capacity to deliver rapid and high-resolution laser pulses makes them well-suited for generating detailed 3D maps and enabling real-time object detection and distance measurement. As the demand for advanced LiDAR solutions grows in industries striving for improved perception and navigation, the incorporation of VCSEL technology into LiDAR systems is becoming a prominent trend, underscoring VCSELs' role in shaping the future of perception-driven applications.

Dominating Region and Country:

The Asia Pacific region is projected to experience moderate growth throughout the forecast period, attributed to factors such as the upsurge in vehicle sales and production, a notable increase in consumer population, and the implementation of governmental policies fostering industrial expansion. Additionally, the flourishing export of Information and Communication Technology (ICT) goods in this region is anticipated to be a driving force for market growth in the forecast timeframe. According to research findings, ICT item exports in the Asia Pacific region witnessed remarkable growth in 2020, led by Hong Kong SAR, China, with a substantial 58% increase, trailed by East Asia & Pacific at 28.5%, China at 27.1%, and Vietnam at 38.8%.

Conversely, the North American region is projected to dominate the market share during the forecast period, largely due to the increasing integration of Advanced Driver Assistance Systems (ADAS) in automobiles and the region's expanding automotive production. Notably, the USA's automotive industry recorded sales of over 3.4 million vehicles in 2020. Furthermore, the continuous progression of technological innovations, augmented investment in research and development endeavors, a growing ICT sector, and the presence of pivotal market players in the region collectively contribute to the envisaged acceleration of market growth throughout the forecast period.

The Vertical Cavity Surface Emitting Laser (VCSEL) Market research report provides an in-depth overview of the industry including market segmentation by Type, Material Type, Wavelength, Application, End-use Industry, and Region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players concerning each type of market, in-depth market share analysis with individual revenue, market shares, and top players’ rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, plans, and Vertical Cavity Surface Emitting Laser (VCSEL) Market trends across the world. Also, it splits the market segmentation further to deep dive into research and reveals company profile and prospects.

Major Classifications are as follows:

  • By Type
    • Single-mode
    • Multi-mode
  • By Material Type
    • Gallium Arsenide (GaAs)
    • Indium Phosphide (InP)
    • Gallium nitride
    • Others
  • By Wavelength
    • < 850 nm
    • 850 - 940 nm
    • 940 – 1,050 nm
    • > 1,050 nm
  • By Application
    • Sensing
    • Data communication
    • Infrared Illumination
    • Pumping
    • Facial Recognition & Depth Camera
    • Gesture Recognition
    • Sensing
    • Industrial Heating
    • Laser printing
    • Others
  • By End-use Industry
    • Consumer electronics
    • IT & telecom
    • Automotive
    • Industrial
    • Healthcare
    • Aerospace & defense
    • Others
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia Pacific
    • Rest of the World
      • Middle East
        • UAE
        • Saudi Arabia
        • Israel
        • Rest of the Middle East
      • Africa
        • South Africa
        • Rest of the Middle East & Africa

Reason to purchase this Vertical Cavity Surface Emitting Laser (VCSEL) Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Vertical Cavity Surface Emitting Laser (VCSEL) Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Vertical Cavity Surface Emitting Laser (VCSEL) Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Vertical Cavity Surface Emitting Laser (VCSEL) Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Vertical Cavity Surface Emitting Laser (VCSEL) Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Vertical Cavity Surface Emitting Laser (VCSEL) Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
  3. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  4. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
  5. Vertical Cavity Surface Emitting Laser (VCSEL) Market, By Type
    1. Introduction
    2. Single-mode
    3. Multi-moÞ
  6. Vertical Cavity Surface Emitting Laser (VCSEL) Market, By Material Type
    1. Introduction
    2. Gallium Arsenide (GaAs)
    3. Indium Phosphide (InP)
    4. Gallium nitride
    5. Others
  7. Vertical Cavity Surface Emitting Laser (VCSEL) Market, By Wavelength 
    1. Introduction
    2. < 850 nm
    3. 850 - 940 nm
    4. 940 – 1,050 nm
    5. > 1,050 nm
  8. Vertical Cavity Surface Emitting Laser (VCSEL) Market, By Application 
    1. Introduction
    2. Sensing
    3. Data communication
    4. Infrared Illumination
    5. Pumping
    6. Facial Recognition & Depth Camera
    7. Gesture Recognition
    8. Sensing
    9. Industrial Heating
    10. Laser printing
    11. Others
  9. Vertical Cavity Surface Emitting Laser (VCSEL) Market, By End-use Industry
    1. Introduction
    2. Consumer electronics
    3. IT & telecom
    4. Automotive
    5. Industrial
    6. Healthcare
    7. Aerospace & defense
    8. Others
  10. Vertical Cavity Surface Emitting Laser (VCSEL) Market, By Geography
    1. North America
      1. U.S.
      2. Canada
    2. Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Rest of the world (RoW)
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  11. Competitive Landscapes
    1. Introduction
    2. Top Companies Ranking
    3. Market Share Analysis
      1. Competition Dashboard
      2. Market Share Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. Agiltron Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. Alight Technologies ApS
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. AMS Technologies AG
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
        6. Rewards & Recognition
      4. Broadcom Ltd.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. Coherent, Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. Finisar Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. II-VI, Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. IQE PLC
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. Laser Components GmbH
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. Litrax Technology Co., Ltd.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. Lumentum Operations LLC
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. Necsel Intellectual Property Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. Neophotonics Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      14. Newport Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      15. Philips Photonics
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

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This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

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