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Vertical Cavity Surface-Emitting Laser (VCSEL) Market Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights
Vertical Cavity Surface-Emitting Laser (VCSEL) Market
The Business Research Company offers in-depth market insights through Vertical Cavity Surface-Emitting Laser (VCSEL) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The vertical cavity surface-emitting laser (vcsel) market size has grown rapidly in recent years. It will grow from $2.12 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to optical interconnects, medical applications, industrial manufacturing, cost reduction and scale, automotive lidar systems.
The vertical cavity surface-emitting laser (vcsel) market size is expected to see rapid growth in the next few years. It will grow to $3.95 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to 5g network expansion, internet of things (iot), augmented reality (ar) and virtual reality (vr), biomedical and healthcare devices, miniaturization and integration. Major trends in the forecast period include standardization and interoperability, advanced packaging solutions, environmental monitoring solutions, integration in smart home systems, multi-functionality in consumer electronics.
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Market Segmentation:
The vertical cavity surface-emitting laser (vcsel) market covered in this report 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
Major Driver - Cloud Computing Growth Drives Vcsel Market Expansion
Growth in cloud computing is expected to propel the growth of the VCSEL market going forward. 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. Therefore, growth in cloud computing is driving the growth of the VCSEL market.
Competitive Landscape:
Major companies operating in the vertical cavity surface-emitting laser (vcsel) market report 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, Vishay Intertechnology Inc., II-VI Incorporated, MKS Instruments Inc., Alight Solutions LLC, FLIR Systems Inc., Hamamatsu Photonics K.K, TT Electronics Plc, WIN Semiconductors Corp., Lumentum Operations LLC, IQE PLC, Thorlabs Inc., Santec Corporation, AMS Technologies AG, VERTILAS GmbH, Vixar Inc., Vertilite Co. Ltd., HLJ Technology Co. Ltd
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Top Trend - 3D Sensing And Automotive Lidar Propel Vcsel Market Growth
3D sensing and automotive LiDAR are key trends gaining popularity in the VCSEL market. 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. It provides significantly lower power consumption, extremely high slope efficiencies, and record-breaking optical peak outputs compared to current devices.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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