Press release
Vertical Cavity Surface Emitting Laser (VCSEL) Market 2023 Top Key Players Overview, Industry Demand and Forecast Report 2028
Vertical Cavity Surface Emitting Laser (VCSEL) Market 2023-2028
The global vertical cavity surface emitting laser (VCSEL) market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 17.4% during 2023-2028.
Vertical cavity surface emitting laser (VCSEL) is an advanced semiconductor laser that emits light perpendicular to the surface of the wafer rather than from its side. It provides cheaper production costs through its wafer-scale fabrication and testing capabilities. It is ideal for portable and high-density applications due to its small size and low power consumption. It minimizes extra interface expenses and enables effective coupling with optical fibers. It is more resistant to catastrophic optical damage due to its construction. It is modulated at high frequencies, making it suitable for high-speed data transmission tasks. It is utilized in various applications ranging from data communications to sensing.
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Some of the Top Key players in the Vertical Cavity Surface Emitting Laser (VCSEL) Market
ams AG
Broadcom Inc.
II-VI Incorporated
Inneos LLC
IQE Plc
Leonardo Electronics US Inc.
Lumentum Operations LLC
Teledyne FLIR LLC (Teledyne Technologies Incorporated)
The TRUMPF Group
TT Electronics Plc
Vertilas GmbH
Vertilite Inc.
What are the growth prospects and trends in the vertical cavity surface emitting laser (VCSEL) industry?
At present, the rising demand for high-speed data transmission within data centers represents one of the key factors impelling the market growth. Additionally, the increasing number of devices using facial recognition and 3D sensing technologies, such as smartphones and tablets, is supporting the market growth. Besides this, the growing utilization of VCSELs in machine vision systems and material processing applications is offering a favorable market outlook.
Moreover, the rising need for precise and efficient lasers in medical diagnostic equipment, like optical coherence tomography, is contributing to the market growth. In addition, the increasing adoption of fiber optic communications in various industries, including telecommunications and broadcasting, is bolstering the growth of the market. Furthermore, the growing research operations in photonics and optoelectronics are improving VCSEL capabilities, making them more adaptable for various applications. Apart from this, the rising emergence of augmented reality (AR) and virtual reality (VR) equipment for infrared illumination and depth sensing is propelling the market growth.
Additionally, the increasing focus on reducing carbon footprints and energy consumption is encouraging the employment of VCSELs in automated manufacturing lines and robotics. Moreover, the growing utilization of advanced driver-assistance systems (ADAS) and autonomous vehicles, which require laser technology for range finding and sensing, is positively influencing the market.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
• Multi-mode VCSEL
• Single-mode VCSEL
Breakup by Material:
• Gallium Arsenide
• Gallium Nitride
• Indium Phosphide
• Others
Breakup by Wavelength:
• Red (650-750 nm)
• Near-infrared (750-1400 nm)
• Shortwave-infrared (1400-3000 nm)
Breakup by Application:
• Sensing
• Data Communication
• Industrial Heating
• Laser Printing
• LiDAR
• Pulse Oximetry
• Others
Breakup by End Use Industry:
• Telecom
• Mobile and Consumer
• Automotive
• Medical
• Aerospace and Defense
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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