VCSEL Market Size, Share, Analysis, Trends, Growth, 2032

VCSEL Market Insights

Zion Market Research has published a report on the global VCSEL Market, estimating its value at USD 1.73 Billion in 2023, with projections indicating that it will reach USD 5.36 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 13.4% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the VCSEL Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

Request Free Sample

Global VCSEL Market: Overview

Vertical Cavity Surface Emitting Laser (VCSEL) is a semiconductor-based diode with a laser beam emitting perpendicular to top surfaces. VCSEL are critical technologies used with existing and new components to run some of the complicated applications such as 3D facial recognition, 3D sensors, back camera with light detecting and ranging technology (LiDAR), automated driving technology, and high-speed data communication such as 5G.

Improvement in television technologies has led to higher resolution and with VCSEL it can further be enhanced. Multimode VCSEL are used to transmit high speed data in short range. Technology giant hubs like Microsoft, apple, google are investing heavily in VCSEL researches to see possibilities of how to improve the current technology and application in their devices. Increase in cloud computing allows flow of data anywhere which attracts huge data traffics, in order to ease the flow of data high-speed transceivers and AOCs are set up which operate at about 500G data rates.

Request Free Sample

VCSEL Market:? COVID-19 Impact Analysis

The global VCSEL market has witnessed a downturn in the sales for short term owing to the hindered possibilities of not being manufactured in various countries due to lockdown enforcement. The decline in supply of VCSEL products will delay deployment of 5G technology. However, the world markets are slowly opening to their full potential and theirs a surge in demand of VCSEL products. The market would remain sluggish in upcoming year but it is expected to gain momentum due to demand of 5G technology and other applications as well. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain.

Request Free Sample

VCSEL Market:?  Growth Factors

Automotive industry is has ample opportunities for VCSEL technology such as LiDAR guidance system for driverless or auto pilot vehicles. Campiness like tesla, apple are researching extensive in this segment to make auto pilot more safe and accurate. Consumer electronic devices such as mobile etc. have used VCSEL technology earlier and are still progressing.  Consumers electronic are one of the key factors for VCSEL market growth.

VCSEL is used for optical communications as single optic fiber transmitters. Multimode fibersare used in both short and long range space communication lines. High precision computers are made using VCSEL technology. VCSEL technology is used in biomedical sensing. VCSEL is more cost effective if compared to Edge Emitting Lasers (EEL) and Light Emitting Diodes (LED) in sensing and imaging.

Inexpensive manufacturing is one of the main factors VCSEL technologies to be used widely. Up to 20,000 VCSELs can fit on to an area of about two inche wafer (5.08 cm). 

VCSEL Market: Report Scope

End Users Segment Analysis Preview

The Consumer Electronics segment held a share of around 37.56% in 2020. This is attributable to the high application of VCSEL’sin mobile, computers, etc. Cameras are being equipped with LiDAR, Infrared lights for better imaging experiences. The automotive sector is researching extensively with VCSEL to improve their autopilot mode and make it more safe and reliable for public use. Data Centers are being set as VCSEL can transmit and receive data at high speed.

Application Segment Analysis Preview

Data Communication

Comprehensive data communications using VCSEL product are cost effective. Data is present between tempwearure -20 t0 100C and operational characteristics offer up to 10 Gb/s. its fiber coupling is quite efficient.

Infrared Illumination 850 nm high power  VCSEL array suits numerous IR applications. VCSEL are used in gesture recognition technology and proximity sensing and improve high power emitting diodes legacy, LEDs, edge emitting lasers, etc.

Industrial uses of vessel technology has a wide range like setting up a data center to share data over a short-range or set arrays for long distance high speed data transfer.

Regional Analysis Preview

The North American region held a share of 36.13% in 2020. This is attributable to the presence of top companies such as II-VI Incorporated, Lumentum Operations LLC, Hamamatsu Photonics K.K, Vixar Inc (OSRAM AG) and others. Moreover, the increasing usage of VCSEL technology is day to day useful application has created this huge demand of VCSEL in this region. Technological advances made in the field of VCSEL and using them in mobile cameras, autopilot using ranging tech and data communication centers.

The Asia Pacific region is projected to grow at a CAGR of 19.3% over the forecast period. This surge is due to the increasing adoption of modern technological applications of VCSEL tech. Countries like China, Japan, South Korea, Taiwan are tech manufacturing hubs and are known for their quality product

The European VCSEL market is expected to witness notable growth during the forecast period. VCSEL are used in setting up data centers for research purpose and VCSEL are one of the fastest growing technology in European nation

Request Free Sample

VCSEL Market:?  Competitive Landscape

Some of key players in global VCSEL market are

• II-VI Incorporated
• Lumentum Operations LLC
• Hamamatsu Photonics K.K
• Vixar Inc (OSRAM AG)Philips Photonics (TRUMPF Group)
• ams
• Vertilite
• Coherent
• WIN Semiconductor
• TriLumina
• Santec
• among others. 

Ams and Vixar introduced a new chip at photonics west 2020 in the US. These new chips have a wavelength of 940nm and can be used in the autonomous guiding system.

II-VI launched a new VCSELs in its vertical integrated 150mm gallium arsenide(GaAs) to cater to the growing demand for optical high-definition multimedia interface (optical HDMI) in the consumer electronics market.

The global VCSEL market is segmented as follows:

By Type

• Singlemode
• Multimode

By Application

•  Data Communication
•  Industrial Heating
•  Infrared Illumination
•  Pumping And Sensing

BY End Users

•  Data Centers
•  Consumer Electronics
•  Automotive
•  Industrial
•  Healthcare
•  Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa