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Vertical Cavity Surface Emitting Laser Market worth $9.02 billion by 2030, growing at a CAGR of 18.20% - Exclusive Report by 360iResearch
Vertical Cavity Surface Emitting Laser Market | 360iResearch
The Global Vertical Cavity Surface Emitting Laser Market to grow from USD 2.79 billion in 2023 to USD 9.02 billion by 2030, at a CAGR of 18.20%.
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Vertical-cavity surface-emitting lasers (VCSELs) are semiconductor devices that emit laser light through the top surface of a vertical cavity. The technology offers advantages such as lower cost, higher power efficiency, smaller form factor, and increased reliability compared to conventional edge-emitting lasers (EEL). VCSELs are used in various industries, including consumer electronics, optical storage, healthcare, automotive, and aerospace, and are also utilized for LiDAR systems for autonomous vehicles. Applications for VCSELs include fiber optic communications systems, scanning systems for consumer electronics such as iris recognition on smartphones and tablets, 3D printing, biometric sensing, and laser projection displays, among others. However, the limited data transmission range of VCSELs and the shortage of technical professionals to support their production has impeded product penetration. Manufacturers are constantly improving the performance and quality of VCSELs with more accessible procedures to keep up with the changing end-user demands. Over the past few years, major semiconductor vendors have invested heavily in developing new VCSEL products and technologies. With the rapid adoption of IoT technologies across commercial and government institutes, the need for VCSELs is expected to rise further.
The Americas VCSELs market is advancing driven by the presence of well-established market players serving multiple industries and constant reserach initiatives for developing advanced VCSELs. The U.S. and Canada are investing in VSCELs technologies for their aerospace and automotive sectors. The growth of VCSELs in Asia is attributed to the fueling demand from the consumer electronics sector and automotive industry in areas such as Japan, South Korea, China, India, and Taiwan. Increasing production of medical devices and optical sensing capabilities drive demand for VCSELs across Europe. Many of the countries in Europe have established advanced research and development facilities for VCSELs. Market players in the region have introduced that are better suited for different application areas such as 3D sensing, automotive, and optical communication.
Market Segmentation & Coverage:
This research report categorizes the Vertical Cavity Surface Emitting Laser Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Multi-Mode VCSEL and Single-Mode VCSEL. The Multi-Mode VCSEL is projected to witness significant market share during forecast period.
Based on Material, market is studied across Gallium Arsenide, Gallium Nitride, and Indium Phosphide. The Gallium Nitride is projected to witness significant market share during forecast period.
Based on Wavelength, market is studied across Near-Infrared, Red, and Shortwave Infrared. The Red is projected to witness significant market share during forecast period.
Based on Die-Size, market is studied across 0.02 - 0.06 mm2, 0.06 - 0.4 mm2, 0.4 - 1.3 mm2, and 10 - 75 mm2. The 0.06 - 0.4 mm2 is projected to witness significant market share during forecast period.
Based on Application, market is studied across Data Communication, Industrial Heating, Laser Printing, LiDAR, Pulse Oximetry, and Sensing. The Sensing is further studied across 3D Sensing, Gas Sensing, and Optical Mice. The LiDAR is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Industrial, and IT & Telecom. The Healthcare is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.11% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Vertical Cavity Surface Emitting Laser Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Vertical Cavity Surface Emitting Laser Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Vertical Cavity Surface Emitting Laser Market, highlighting leading vendors and their innovative profiles. These include Agiltron Inc., Alight Technologies ApS, Broadcom Inc., FLIR Systems Inc., Hamamatsu Photonics K.K., II-VI Incorporated by Coherent Corp., Inneos LLC, IQE PLC, Konica Minolta Sensing Americas Inc., Kyoto Semiconductor Co., Ltd., Laser 2000 SAS, Leonardo S.p.A., Lumentum Operations LLC, Octlight ApS, Ophir Optronics Solutions Ltd., Optilab, Ricoh Company, Ltd., Roithner Lasertechnik GmbH, RPMC Lasers, Inc., Sacher Lasertechnik GmbH, Santec Corporation, Shenzhen Optico Communication Co.,Ltd., Stanley Electric Co., Ltd., Thorlabs, Inc., TRUMPF SE + Co. KG, TT Electronics PLC, Vertilas GmbH, Vertilite Inc., Vixar Inc. by OSRAM Licht AG, and Würth Elektronik GmbH & Co. KG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Vertical Cavity Surface Emitting Laser Market, by Type
7. Vertical Cavity Surface Emitting Laser Market, by Material
8. Vertical Cavity Surface Emitting Laser Market, by Wavelength
9. Vertical Cavity Surface Emitting Laser Market, by Die-Size
10. Vertical Cavity Surface Emitting Laser Market, by Application
11. Vertical Cavity Surface Emitting Laser Market, by End-User
12. Americas Vertical Cavity Surface Emitting Laser Market
13. Asia-Pacific Vertical Cavity Surface Emitting Laser Market
14. Europe, Middle East & Africa Vertical Cavity Surface Emitting Laser Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Vertical Cavity Surface Emitting Laser Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Vertical Cavity Surface Emitting Laser Market?
3. What is the competitive strategic window for opportunities in the Vertical Cavity Surface Emitting Laser Market?
4. What are the technology trends and regulatory frameworks in the Vertical Cavity Surface Emitting Laser Market?
5. What is the market share of the leading vendors in the Vertical Cavity Surface Emitting Laser Market?
6. What modes and strategic moves are considered suitable for entering the Vertical Cavity Surface Emitting Laser Market?
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