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The Future of Vertical Cavity Surface-Emitting Laser (VCSEL) Market: Size, Share, Business Trends, and Insights by 2032 || Sony Group Corporation, Panasonic Corporation, Broadcom Inc, Sumitomo Electric Industries Ltd
Vertical Cavity Surface-Emitting Laser (VCSEL) Market
The Business Research Company's Vertical Cavity Surface-Emitting Laser (VCSEL) Global Market Report 2023 identifies the growth in cloud computing is the major driver for the vertical cavity surface-emitting laser (VCSEL) market's growth in the forecast period. Cloud computing refers to offering computer services through the Internet, such as servers, storage, databases, networking, software, analytics, and intelligence. VCSELs enhance the performance, scalability, and energy efficiency of data communication in cloud computing, enabling high-speed, reliable, and energy-efficient transmission for the seamless operation of cloud-based services. For instance, in December 2021, according to Eurostat, a Europe-based intergovernmental organization, 41% of EU enterprises used cloud computing in 2021 primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5% compared to 2020.
The global VCSEL market is expected to grow from $1.88 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The VCSEL market is expected to reach $3.52 billion in 2027 at a CAGR of 13.4%.
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Major competitors in the VCSEL market are Sony Group Corporation, Panasonic Corporation, Broadcom Inc, Sumitomo Electric Industries Ltd., NEC Corporation, Sharp Corporation, Leonardo S.p.A., ams OSRAM AG, Coherent Corp., TRUMPF GmbH.
A key trend in the vertical cavity surface-emitting laser (VCSEL) market includes 3D sensing and automotive LiDAR. Major companies operating in the VCSEL market are using advanced technologies to innovate products for automotive and 3D sensing applications and sustain their position in the market. For instance, in March 2021, Lumentum, a US-based telecommunications company, launched five- and six-junction VCSEL array devices for advanced consumer, automotive LiDAR, and other 3D sensing applications.
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The vertical cavity surface-emitting laser (VCSEL) market is segmented -
1) By Type: Single Mode, Multimode
2) By Material: Gallium Arsenide (GaAs), Indium Phosphide (InP), Gallium Nitride, Other Materials
3) By Wavelength: Red (650-750 nm), Near-Infrared (750-1400 nm), Shortwave-Infrared (1400-3000 nm)
4) By Application: Sensing, Data Communication, Infrared Illumination, Industrial Heating, Pumping, Other Applications
5) By Industry: Consumer Electronics, Automotive, Data Center, Commercial And Industrial, Healthcare, Military
6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the vertical cavity surface-emitting laser (VCSEL) market.
The Business Research Company's "Global Vertical Cavity Surface-Emitting Laser (VCSEL) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Vertical Cavity Surface-Emitting Laser (VCSEL) Market Include:
1. Executive Summary
2. Vertical Cavity Surface-Emitting Laser (VCSEL) Market Characteristics
3. Vertical Cavity Surface-Emitting Laser (VCSEL) Market Trends And Strategies
4. Vertical Cavity Surface-Emitting Laser (VCSEL) Market - Macro Economic Scenario
5. Vertical Cavity Surface-Emitting Laser (VCSEL) Market Size And Growth
……………
27. Vertical Cavity Surface-Emitting Laser (VCSEL) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vertical Cavity Surface-Emitting Laser (VCSEL) Market
29. Vertical Cavity Surface-Emitting Laser (VCSEL) Market Future Outlook And Potential Analysis
30. Appendix
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