openPR Logo
Press release

VCSEL Market and its key opportunities and challenges

10-07-2019 10:03 AM CET | Industry, Real Estate & Construction

Press release from: MarketsandMarkets

/ PR Agency: marketsandmarkets
vcsel market

vcsel market

The VCSEL market was valued at USD 1.48 billion in 2017 and is expected to reach USD 3.89 billion by 2023, at a CAGR of 16.9% as per a report by MarketsandMarkets.

How technological advancements in consumer electronics sector boosting the opportunities?

VCSELs have huge growth potential owing to emerging applications and are expected to boost new opportunities in the consumer electronics market. VCSEL-based time-of-flight (ToF) sensors are widely used in smartphones for distance measurement, as well as proximity sensing. Today, several devices, such as smartphones and tablets, offer navigation by touch screens or even voice and gesture recognition; several other smart sensors in such devices are based on advanced optical solutions.

https://www.marketsandmarkets.com/Market-Reports/vcsel-market-206588268.html

VCSELs also play a vital role in gesture recognition and 3D sensing technology in consumer electronics. For instance, Apple (US), in December 2017, invested USD 390 million in Finisar (US) to boost the production of VCSELs for Apple devices. VCSELs power some of Apple’s most popular new features, including Face ID, Animoji, and portrait-mode selfies, made possible with iPhone X TrueDepth camera. Also, to control the movement based on gestures, 3D sensing can be used in consumer electronic devices such as remote controls and joysticks. VCSELs, as a light source for 3D sensors, are cost-effective and provide higher optical efficiency than distributed feedback (DFB) lasers and LEDs.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=206588268

Surge in demand for VCSELs with advancements in automotive electronics

Characteristics such as low heat and low electromagnetic interference (EMI) generation of VCSELs have made them favorable for automotive electronics. Customers today are offered with various facilities such as navigation systems, audio systems, and mobile video devices. VCSELs, thereby, prove to be an empowering technology for these developments. Automotive electronics has grown to such an extent that it constitutes ~30–40% of the total cost of an automobile.

Why overthrowing the limitations of gallium nitride restricting the performance of VCSELs?

Gallium nitride (GaN) is a semiconductor material that offers significantly improved performance characteristics for semiconductor devices. GaN-based devices can function at high voltages, high temperatures, and high power density. GaN is durable and crack-resistant; hence, it is commonly used in LEDs since the 1990s and in EELs. The use of GaN could create new application areas for VCSELs owing to all these advantages.

Researchers have been able to demonstrate GaN-based VCSELs operating at room temperatures. However, certain characteristics such as lattice mismatch, built-in polarization, and low p-conductivity of nitride materials are limiting the performance of VCSELs. As a result, there are still some technological challenges that need to be resolved before introducing GaN-based VCSELs on a commercial scale. Some institutes are conducting research and trying to develop GaN-based VCSELs. For instance, researchers from Meijo University and Nagoya University in Japan are making efforts to overcome this challenge.

Limited data transmission range

VCSEL has been an effective technology for short-range applications, such as local area network (LAN), optical data communication, Ethernet, and intrasystem links. The ever-growing data has raised the need for large-data-capacity and cost-effective architecture of fiber optics network. Laser suppliers always try to improve on the distance range served by their products. As attenuation is higher in multimode optical fiber, the optical signal degrades faster with distance, thereby shortening the achievable distance, but it has more to do with the fiber than the laser. Transmitting this data over a certain distance can prove problematic due to the weakening of the signal.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release VCSEL Market and its key opportunities and challenges here

News-ID: 1843844 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for VCSEL

VCSEL Laser Chip Market Size Report 2025
Global Info Research announces the release of the report "Global VCSEL Laser Chip Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets.
Vertical Cavity Surface-Emitting Laser (VCSEL) Market Report 2024 - VCSEL Market …
"The Business Research Company recently released a comprehensive report on the Global Vertical Cavity Surface-Emitting Laser (VCSEL) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your
VCSEL Market Share, Trends & Growth Analysis Forecast 2030
The VCSEL Market Size is projected to reach a valuation of USD 6.63 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 18.4% during the forecast period of 2023-2030. In 2022, the market was valued at USD 1.71 billion - According to Research by SNS Insider. Authenticate data on revenue growth at the global, regional, and national levels is provided in the research, along with information on current market
VCSEL Market worth $3.3 billion by 2026
According to a research report "VCSEL Market with COVID-19 Impact Analysis by Type, Material (GaAs, InP), Wavelength, Application (Sensing, Data Communication, Industrial Heating & Printing, Emerging), Data Rate, Industry, and Region - Global Forecast to 2026", published by MarketsandMarkets the VCSEL market is projected to grow from USD 1.4 billion in 2021 to USD 3.3 billion by 2026; it is expected to grow at a CAGR of 18.8% during the
VCSEL Market worth $2.9 billion by 2025
According to the research report "VCSEL Market by Type (Single-mode, Multimode), Material (GaAs, InP, Others), Wavelength, Application (Sensing, Data Communication), Industry (Consumer Electronics, Automotive, Data Center, Commercial & Industrial), and Geography - Global Forecast to 2025", The global VCSEL market size is expected to grow from USD 1.0 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 23.7%. The increasing applications of VCSELs in data communication
VCSEL Technology Trends in Consumer Electronics
The VCSEL market is expected to be valued at USD 1.78 billion in 2018 and is projected to reach USD 3.89 billion by 2023, at a CAGR of 16.9% from 2018 to 2023. Factors such as the rising adoption of VCSELs in proximity sensing and medical applications, increasing use of VCSELs for data communication, growing usage of VCSELs in infrared illumination, and surge in demand for VCSELs with advancements in