Rapidly Growing VCSEL Market Poised to Generate Substantial Revenue: Factors Explained for the 2023-2029 Period

VCSEL stands for Vertical-Cavity Surface-Emitting Laser. VCSELs are semiconductor lasers that emit light vertically, in contrast to edge-emitting lasers which emit light horizontally. VCSELs have several advantages over traditional edge-emitting lasers, including lower power consumption, higher efficiency, and more compact size, making them well-suited for various applications such as data communication, sensing, printing, and lighting.

🔥 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=431026

🌟 𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
🟩 Lumentum (US)
🟩 Coherent Corporation (US)
🟩 ams-OSRAM (Austria)
🟩 TRUMPF (Germany)
🟩 Broadcom (US)
🟩 Leonardo Electronics (US)
🟩 MKS Instruments (US)
🟩 Santec (Japan)
🟩 VERTILAS (Germany)
🟩 Vertilite (China)
🟩 Alight Technologies (Denmark)
🟩 Inneos (US)
🟩 IQE (UK)
🟩 Thorlabs (UK)
🟩 TT Electronics (UK)
🟩 Ushio America (US)
🟩 WIN Semiconductors (Taiwan)
🟩 Frankfurt Laser Company (Germany)

The VCSEL market has been growing rapidly in recent years due to increasing demand for high-speed data transmission and various other applications, such as 3D sensing in smartphones and other consumer electronics, as well as industrial and medical applications. In addition, the increasing demand for high-speed data transmission in the telecommunications industry is driving the growth of the VCSEL market.

The global VCSEL market is projected to grow from USD 1.6 billion in 2023, to USD 2.9 billion by 2028, at a CAGR of 13.6% between 2023 and 2028. One of the factors driving the growth of the VCSEL market high preference for adopting 3D sensing technologies, and integration of the Internet of Things (IoT) across buildings, utilities, manufacturing, logistics, retail, and healthcare.

Some of the key players in the VCSEL market include Finisar Corporation, Lumentum Holdings Inc., II-VI Incorporated, Osram Opto Semiconductors, and Broadcom Inc. These companies are constantly investing in research and development to expand their product offerings and strengthen their positions in the market.

"North America is the second fastest growing market for VCSEL market by 2028"

North America is one of the major markets for VCSELs due to applications, such as consumer electronics, data centers, and commercial & industrial segments. Lumentum (US), II-VI Incorporated (US), and Broadcom (US) are some of the major players operating in this region. Chipmakers and OEM buyers of VCSELs are expected to face the impacts of the recession and the resultant decrease in demand for consumer electronics such as laptops, PCs, and smartphones. These factors are likely to lead to a decline in the growth of the VCSEL market in 2023. The market is expected to register moderate growth in the next 2-3 years in North America.

➡️ 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=431026

Research Coverage

The report segments the VCSEL market and forecasts its size, by value and volume, based on region (Asia Pacific, Europe, North America, and RoW), type (multi-mode, single mode), wavelength (red, NIR, SWIR), material (GaAs, InP, other), data rate, application, and industry (consumer electronics, data center, automotive, commercial & industrial, healthcare, and military).

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the VCSEL market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

This release was published on openPR.