Vertical Cavity Surface Emitting Laser (VCSEL) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Vertical Cavity Surface Emitting Laser (VCSEL) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global vertical cavity surface emitting laser (VCSEL) market reached a value of US$ 1.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.87 Billion by 2027, exhibiting a CAGR of 17.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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. Key Questions Answered in This Report:
How has the global vertical cavity surface emitting laser (VCSEL) market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global vertical cavity surface emitting laser (VCSEL) market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the material?
What is the breakup of the market based on the wavelength?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global vertical cavity surface emitting laser (VCSEL) market and who are the key players?
What is the degree of competition in the industry?