Vertical Cavity Surface Emitting Laser (VCSEL) Market is expected to reach US$ 4.663 billion by 2030

Rising Adoption of VCSEL for 3D Sensing Applications Boosts Vertical Cavity Surface Emitting Laser (VCSEL) Market Growth

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VCSELs are used widely as light sources in 3D sensing applications. 3D sensing technologies are used in various industries such as consumer electronics, medical, industrial, and automotive to gain high precision and accuracy for the required task. The technologies are used in cameras, commonly in smartphones, automobiles, drones, and robots, to scan and render objects in 3D. In consumer electronics such as smartphones, VCSEL is widely used for facial recognition and gesture control applications. In industrial automation, VCSEL is used for accurate sensing technologies. It is also employed in virtual reality and gaming applications. Thus, the growth of these industries propels the requirement for 3D sensing technologies, positively influencing the demand for VCSEL.

The List of Compnies - Vertical Cavity Surface Emitting Laser (VCSEL) Market:
Lumentum Holdings Inc
Coherent Corp
TRUMPF SE + Co KG
Broadcom Inc
ams-OSRAM AG
Vertilite Co Ltd
Leonardo SpA
IQE Plc
VERTILAS GmbH
Hamamatsu Photonics KK

Impact of COVID-19 Pandemic on Vertical Cavity Surface Emitting Laser (VCSEL) Market Growth

The COVID-19 pandemic impacted many segments of the economy. During the COVID-19 pandemic, the production facilities of electrical, electronics, and semiconductors were temporarily shut down due to the slowdown and unavailability of the workforce worldwide. Hence, the Vertical Cavity Surface Emitting Laser (VCSEL) Market witnessed a slight decline in the demand for VCSEL, leading to the vendors' lower revenue generation.

One of the key industries to use VCSEL technology is the smartphone sector, which has faced disruptions in production. Further, the pandemic impacted the growth of 5G, as delays in the manufacturing and production of smartphones and reduced demand hindered the development of affordable 5G smartphones. This increased the use of VCSEL technology. However, the onset of the COVID-19 pandemic hampered the mass-scale production of VCSEL, which decreased its demand in the market.

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The use of VCSEL-based imaging increases the power and wavelength for 3D sensing. Further, it is considered an ideal solution for face and gesture recognition. Its ability to produce high-power outputs makes it an optimal solution in robotics and autonomous vehicle application. Such benefits of VCSEL encourage new product launches and contribute to its demand, which drives the Vertical Cavity Surface Emitting Laser (VCSEL) Market growth.

The Vertical Cavity Surface Emitting Laser (VCSEL) Market is segmented on the basis of type, material, data rate, wavelength, application, and end-use industry. Based on type, the VCSEL Market is bifurcated into single mode and multi-mode. Based on material, the VCSEL Market is segmented into gallium arsenide (GaAs), indium phosphide (InP), and others. By data rate, the VCSEL Market is categorized into up to 10 gbps, 10.1 to 25 gbps, and above 25 gbps. Based on wavelength, the Vertical Cavity Surface Emitting Laser (VCSEL) Market is categorized into red, near infrared (NIR), and shortwave infrared (SWIR). Based on application, the VCSEL Market is categorized into sensing, data communication, industrial heating & printing, and others. Based on end-use industry, the VCSEL Market is categorized into mobile & consumer, telecom & infrastructure, industrial, defense & aerospace, medical, and automotive & mobility. By region, the Vertical Cavity Surface Emitting Laser (VCSEL) Market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

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Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the vertical cavity surface emitting laser (VCSEL) market. A few recent key market developments are listed below:

In June 2023, TRUMPF demonstrated outstanding results regarding the efficiency of infrared laser components with long wavelengths beyond 1300 nm on an industrial-grade manufacturing level. This makes TRUMPF one step further towards mass production of indium-phosphide-based (InP) VCSELs in the range from 1300 nm to 2000 nm.

In August 2022, the SOSLAB's team worked with Vertilite to develop ML LiDAR (Mobility LiDAR) with 180-degree wide-angle and long-range measuring performance, breaking solid-state LiDAR limits on distance and angle. SOSLAB is accelerating to enter the global market with ML LiDAR. The system contains addressable VCSELs for controlling pixels individually in units.

In April 2022, Ambarella announced a new joint reference design that uniquely combines edge artificial intelligence (AI) with privacy, enabling new possibilities for smart building applications. Called Vision-D, this design combines Lumentum's flood illuminator module for accurate time-of-flight (ToF) 3D sensing with Ambarella's CV22 edge AI SoC.

In January 2022, Cepton Technologies, a US-based supplier of lidar-based technologies, and ams OSRAM expanded their collaboration. Working together to deliver LiDAR solutions is a component of the collaboration. The businesses hope to revolutionise the automobile sector with this alliance.

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