VCSEL Market 2025 – Technology, Market Size, Factors & Players, Sales Revenue, Grow Pricing and Industry Growth Analysis (SARS-CoV-2, Covid-19 Analysis)

VCSEL Market

MRFR findings reveals the growth scope of the VCSEL market. Across 2018 to 2025, the VCSEL global market can surge at 17.1% CAGR owing to the penetration of VCSEL in telecom and consumer electronics industries. The potential of VCSEL technology to redefine 3D printing, automation, radar, LIDAR, smartphone, laser printers, and speed data communication solutions and services can upsurge the market value by 2025.

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Innovators are tapping a specialized semiconductor laser diode, vertical-cavity surface emitting laser (VCSEL), to achieve diversified industrial applications. Industries that are highly influenced by the emerging technology are telecommunication, electronics, data centers, and healthcare. The high cachet of VCSEL technology in these affluent sectors can lay a ground work for its market to evolve. Market Research Future (MRFR), an emerging market research report dealer, studied undercurrents influencing the VCSEL market.

In 2018, CSEL market was estimated at USD 1.65 Bn. On conclusion of the review period, the VCSEL market can gain USD 4.86 Bn; predicts MRFR. The increase in VCSEL technology exercised across different fields to deliver more productive solutions can gain considerable traction. In September 2018, Osram introduced its foremost VCSEL. Osram is a German light solution developer with this launch marked its exploration in 3D sensing applications. In Feb 2020, Vixar, a start-up by Osram unveiled its 10W VCSEL chip for 3D sensing. The 10W power, 940nm-wavelength chip provides superior efficiency that are aimed to achieve wide application range of 3D sensing. Contributions by VCSEL dealers are likely to boost dynamics of the market. Gallium arsenide (GaAs), gallium nitride (GaN), and indium phosphide (InP) are materials used in the fabrication for VCSEL diodes. The high demand for GaN and its easy accessibility can support the expansion of the market.

Top Impacting Factors

In the MRFR study, the growing demand for laser-based hard disc drives does act as a driver to the market. The foremost applications of VCSEL lie in data centers, high-speed communications, precision sensing applications, touch-less sensing, gesture recognition, enterprise networks, and chip-to-chip interconnects been liable for the market’s growth. The other factors accountable for the expansion of the VCSEL market also include the emergent adoption of VCSEL in automotive electronics applications and the rising practice of VCSEL in data communications. The practice of VCSEL also lies in two-dimensional fabrication array making in an individual die with separate light sources, increasing the power output.

A key trend pragmatic in the VCSELs market is the rapid use of 3D sensing and gesture recognition technologies in consumer electronics, which is yet again an imperative factor leading the market growth. Gesture recognition technology has also seen its wide adoption in various consumer goods, such as tablet PCs. The technology enhances touch screen capabilities by permitting users to make gestures at a remote location, irrespective of the device location. VCSELs are meant to be highly suitable for IR illumination applications, as they present numerous advantages that ranges from high-transmission efficiency, low-diverging circular beam, low-cost manufacturing, high reliability, and narrow-emission spectrum. Furthermore, VCSELs are also competent in providing high efficiencies while functioning in harsh environments. Hence, the electronics industry has seen wide adoption of VCSELs with high wavelength stability and could achieve a higher valuation in the forecast period.

Segmentation

The increasing demand for mobile and wireless devices is fueling the need for telecommunication equipment. In the IT & telecommunication industry, VCSEL is used in applications such as radar, satellite communication, point-to-point radio, data link, tactical data link, and data centers. The global VCSEL market has been segmented based on type, material, end user, and region.

By type, the market has been segmented into single-mode, and multi-mode. Among the type segment, the single-mode usage has been widely adopted in data centers, and optical fiber communication and thus dominated the market in 2018. However, the multi-mode segment is expected to register the highest CAGR during the forecast period.

By material, the market has been segmented into gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN), and others. Among the materials, the GaN segment dominated the market in 2018. Currently, GaN is being extensively used in VCSEL and microwave applications to enhance the performance of various devices. GaN is nearly 10% more efficient than laterally diffused MOSFET (LDMOS) which helps in significant energy savings at power level 600W or more. Furthermore, GaN materials are highly efficient, which allows them to offer superior system reliability. However, GaAs is expected to register the highest CAGR during the forecast period.

By end user, the market has been segmented into consumer electronics (mobile devices & peripherals, face recognition, cameras, and others), automotive (driver monitoring, infotainment control, air quality monitoring, LiDAR, and others), healthcare (pulse oximeter, eye tracking, and others), industrial (gas sensing, industrial printing, heating systems, and others), military (surveillance, Lidar, and others), IT & telecom (data communications, active optical cables, and others), and others. Among the major end users listed above, IT and telecom dominated the market in 2018. The increasing adoption of smartphones and connected devices has led to the development of IT and telecommunication infrastructure. Additionally, the requirement for a reliable network, long-distance connectivity with a smaller number of devices, and high-performance devices is increasing among the IT and telecom industries. Moreover, the telecom industries are using VCSELs as these enhance the network connectivity for a long range, which increases the device life cycle.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among the major regions, North America dominates the VCSEL market in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period and is also expected to overtake North America by 2023 in terms of revenue generation.

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