Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type (Multi-mode and Single-mode), Material (Gallium Arsenide, Gallium Nitride, and Indium Phosphide), Application (Sensing, Data Comm

Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type (Multi-mode and Single-mode), Material (Gallium Arsenide, Gallium Nitride, and Indium Phosphide), Application (Sensing, Data Communication, Industrial Heating, Laser Printing, and LiDAR), End-User (Consumer Electronics, IT & Telecom, Industrial Equipment Manufacturing, Aerospace & Defense, Healthcare, and Automotive) Region (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa)

Market Overview:

The vertical cavity surface emitting laser (VCSEL) is a type of semiconductor laser diode with a laser beam that emits light or an optical beam vertically from its top surface. Vertical cavity surface emitting laser (VCSEL) is used in various laser products, including computer mics, optics communication, smart glasses, etc. Some of the significant advantages of vertical cavity surface emitting laser (VCSEL) technology are wavelength stability, wavelength uniformity and spectrum width, wavelength temperature sensitivity, high-temperature operation, more power per unit area, higher beam quality, high reliability, scalability, and low cost.

According to Ken Research Analysis, the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market was valued at ~US$ 1 billion in 2017. It is estimated to be ~US$ 2 billion in 2022 and is expected to reach a market size of ~US$ 5 billion by 2028 growing with a CAGR of ~15% during 2022 to 2028. Some of the major factors that are likely to propel the growth of the market include increasing rising adoption of vertical cavity surface emitting lasers in data centers and the growing demand for 3d sensing applications.

The rising adoption of vertical cavity surface emitting lasers in data centers and the growing demand for 3D sensing applications are likely to propel the growth of the global Vertical Cavity Surface Emitting Lasers (VCSEL) market.

Global demand for data centers has increased due to growth in internet traffic and digital data production. The foundation of many optical networks used in data centers is multi-mode fiber and VCSELs due to their high-speed data transmission capabilities.

Furthermore, the high data transmission rates, excellent durability, and low power consumption make them ideal for use as optical transceivers and make it possible to apply data analytics to enhance decision-making.

The Low Data Transmission Range of the Vertical Cavity Surface Emitting Lasers (VCSEL) is one of the major challenges hindering the growth of the global Vertical Cavity Surface Emitting Lasers (VCSEL) market.

Limited data-transmission range is hindering the growth of the global Vertical Cavity Surface Emitting Lasers (VCSEL) market as the distance between locations increases directly affects the speed of data transmission. Only short-range applications, which can only transmit data over 100 meters, are believed to benefit from using VCSEL.

Furthermore, these devices limited optical power makes it impossible for sensors to transmit data over long distances such as optical data transfer, LAN, intra-system connections, and Ethernet connection.
The COVID-19 pandemic slowed the growth of the Global vertical cavity surface emitting laser (VCSEL) Market, owing to the worldwide lockdown by governments, which led to the shutdown of production and manufacturing activities as well as the unavailability of workers in various industries. As a result, production showed a decline in the Global vertical cavity surface emitting laser (VCSEL) market.

Scope of the Report

The global Vertical Cavity Surface Emitting Lasers (VCSEL) market is segmented by type, Material, Application, and end-user. In addition, the report also covers market size and forecasts for the four major regions for global Vertical Cavity Surface Emitting Lasers (VCSEL) markets. The revenue used to size and forecast the market for each segment is US$ billion.

By Type

Multi-mode
Single-mode

By Material

Gallium Arsenide
Gallium Nitride
Indium Phosphide
Other

By Application

Sensing
Data Communication
Industrial Heating
Laser Printing
LiDAR
Others

By End-User

Consumer Electronics
IT & Telecom
Industrial Equipment Manufacturing
Aerospace & Defense
Healthcare
Automotive

By Region

North America (USA, Canada, and Mexico)
Europe (France, Italy, Germany, Spain, UK, and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, and Rest of Asia Pacific)
LAMEA (Latin America, Middle East, and Africa)

Key Players

TRUMPF Group
Coherent Corp.
Lumentum Operations LLC
Hamamatsu Photonics K.K
OSRAM AG
Vixar Inc.
HLJ Technology Co. Ltd
Teledyne FLIR LLC
Vertilite
Alight Technologies ApS

Key Trends

by Market Segment

By Type:
The single-mode segment by type held the largest market share in 2021 in the global Vertical Cavity Surface Emitting Lasers (VCSEL) market.

The growth is primarily due to the rising usage of mobile apps and single-mode VCSELs capacity to reduce power consumption, prolong battery life, and enhance user experience. Due to their low power consumption, high output, and efficiency, they are employed in mobile industrial applications, wireless laser mice, and mobile phones.

Furthermore, Single-mode VCSELs have reduced attenuation, which enables the signal to travel further due to which improved coupling with the optical fiber can be seen which results in a better connection.

By Material:

Gallium Arsenide Material is projected to be the fastest-growing segment during the forecast period in the global Vertical Cavity Surface Emitting Lasers (VCSEL) market.

The growth is primarily due to the ability of Gallium Arsenide to meet the requirements for high quality and fast speed in multimedia applications as well as the increased demand for GaAs-based VCSELs in the consumer electronics sector.

Gallium Arsenide (GaAs) based VCSELs are increasingly being used due to their benefits in a variety of consumer electronics applications, which include a low current threshold, low power requirements, and a tiny divergence angle.

By Application:
The sensing segment is expected to be the fastest-growing segment during the forecast period for the global Vertical Cavity Surface Emitting Lasers (VCSEL) market.

The growth is primarily due to the rise in demand for Advances in logistics, home & building automation, and Industry 4.0 technologies for face and objects recognition.

VCSELs are widely being adopted for sensing applications in smartphones, automotive, manufacturing, and consumer electronics industries due to the increasing speed and accuracy of VCSEL-based sensors.

By End-User:

The Consumer Electronics segment dominated the global Vertical Cavity Surface Emitting Lasers (VCSEL) market in 2021.

The rapid development of digital technologies and the rising global demand for consumer electronics products are credited for this segment's strong growth rate.

Global demand for VCSELs has increased since VCSELs with cutting-edge capabilities are being increasingly integrated into laser autofocus and proximity sensors in consumer electronics gadgets that includes 3D sensing, face recognition, and visual imaging.

By Geography:
Asia Pacific accounted for the largest market share among all regions within the within the total Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market in 2021.

The greatest consumer electronics and automotive markets, the proliferation of data centers, and significant industrial growth are all contributing to the rapid expansion of VCSEL adoption in the Asia-Pacific region.

As the major markets for electronics in the world are China, Japan, South Korea, Taiwan, Malaysia, and Vietnam, which account for the majority of production investments. Given that Consumer Electronics are the primary application for VCSELs, the market in Asia-Pacific is expected to expand rapidly over the coming years.

Competitive Landscape

The global Vertical Cavity Surface Emitting Lasers (VCSEL) market is fairly competitive with ~100 players, which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Vertical Cavity Surface Emitting Lasers (VCSEL) manufacturers. Large global players constitute ~25% of competitors, while country-niche players represent ~40% of competitors. Most of the country-niche players and regional players are suppliers of components or assembling partners of global players. Some of the major players in the market include TRUMPF Group, Coherent Corp., Lumentum Operations LLC, Hamamatsu Photonics K.K, OSRAM AG, Vixar Inc., HLJ Technology Co. Ltd, Teledyne FLIR LLC, Vertilite, Alight Technologies ApS, and among others.

Recent Developments Related to Major Players

In November 2020, Vixar Inc. launched a reference module for the time of flight (TOF) applications. The module will consist of a VCSEL die along with driver electronics that will able to generate 80w of optical power in a 50 ns pulse width.
In February 2022, TRUMPF Group acquired Active Fiber Systems that is a fiber laser-based company located in Jena, Germany with This acquisition Trumpf group will able to expand in living fiber laser technology, which is focused on data communication and industrial heating applications such as precision welding and additive manufacturing.

Conclusion

The Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market is forecasted to grow significantly with a CAGR of ~15% during the forecast period primarily due to the rising adoption of vertical cavity surface emitting lasers in data centers and the growing demand for 3d sensing applications. Though the market is highly competitive with ~ 100 participants, few global players control the dominant share, and regional players hold a significant share. Asia Pacific is expected to be thefastest-growing market in the global Vertical Cavity Surface Emitting Lasers (VCSEL) market during the forecast period.
Note:This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Key Topics Covered in the Report

Snapshot of Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
Historic Growth of the Overall Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Industry
Overview, Product Offerings, and Strategic Developments of Key Competitors
COVID-19 Impact on the Overall Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
Future Market Forecast and Growth Rates of the Total Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market and by Segments
Market Size of Material/End-user Segments with Historical CAGR and Future Forecasts
Analysis of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
Major Production/Supply and Consumption/Demand Hubs within Each Major Country
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region

Key Players
Mentioned in the Report
TRUMPF Group
Coherent Corp.
Lumentum Operations LLC
Hamamatsu Photonics K.K
OSRAM AG
Vixar Inc.
HLJ Technology Co. Ltd
Teledyne FLIR LLC
Vertilite
Alight Technologies ApS

Notable Emerging Companies Mentioned in the Report

Nostics
Marvel Fusion
LongPath Technologies
QLM TECHNOLOGY LTD
Nuburu

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Vertical Cavity Surface Emitting Lasers (VCSEL) Manufacturers
Vertical Cavity Surface Emitting Lasers (VCSEL) Products Manufacturers
Vertical Cavity Surface Emitting Lasers (VCSEL) Raw Material Suppliers
Vertical Cavity Surface Emitting Lasers (VCSEL) Industry Association
Vertical Cavity Surface Emitting Lasers (VCSEL) Companies
Venture Capitalists Targeting Vertical Cavity Surface Emitting Lasers (VCSEL) Industry
Defense Electronics Research Organizations
Navigation Technology Solutions Companies
Potential Entrants into Advanced Electronics Industry
Government Ministries and Departments of Electronics
Defense Electronics Regulatory Authorities

Time Period Captured in the Report

Historical Period: 2017-202
Forecast Period: 2022E-2028F

Frequently Asked Questions

What is the Study Period of this Market Report?

The Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market is covered from 2017–2028 in this report, which includes a forecast for the period 2022-2028.

What is the Future Growth Rate of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market?

The Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market is expected to witness a CAGR of about ~15% over the next six years.

What are the Key Factors Driving the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market?

Increasing rising adoption of vertical cavity surface emitting lasers in data centers and the growing demand for 3d sensing applications. is driving the growth of the global Vertical Cavity Surface Emitting Lasers (VCSEL) market.

Which is the Largest Material Segment within the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market?

The Gallium Arsenide Material accounted for the largest share of the global Vertical Cavity Surface Emitting Lasers (VCSEL) market in 2021.

Who are the Key Players in the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market?

TRUMPF Group, Coherent Corp., Lumentum Operations LLC, Hamamatsu Photonics K.K, OSRAM AG, Vixar Inc., HLJ Technology Co. Ltd, Teledyne FLIR LLC, Vertilite, Alight Technologies ApS and among others are the major companies operating in the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market.

Key Topics Covered in the Report

Snapshot of Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
Historic Growth of the Overall Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Industry
Overview, Product Offerings, and Strategic Developments of Key Competitors
COVID-19 Impact on the Overall Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
Future Market Forecast and Growth Rates of the Total Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market and by Segments
Market Size of Material/End-user Segments with Historical CAGR and Future Forecasts
Analysis of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
Major Production/Supply and Consumption/Demand Hubs within Each Major Country
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region

Please Note: It will take 5-7 business days to complete the report upon order confirmation.