Vertical Cavity Surface-Emitting Laser (VCSEL) Market: Analyzing Market Share and Technological Advancements in Optical Communication

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.

Market Overview -
Vertical Cavity Surface-Emitting Laser (VCSEL) is a semiconductor that emits a laser perpendicular to its top surface. It can be utilized in long-distance, high-speed optical fiber communication systems and execute high-speed modulation.

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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

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.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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