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Vertical Cavity Surface Emitting Laser (VCSEL) Market could be worth 1.4 billion by 2028 ,says Premium Market Insights
The VCSEL market size is projected to grow from US$ 1.4 billion in 2022 to US$ 4.7 billion by 2030; it is estimated to record a CAGR of 17.0% from 2023 to 2030.Vertical Cavity Surface Emitting Laser (VCSEL) Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Single Mode and Multi-Mode), Material [Gallium Arsenide (GaAs), Indium Phosphide (InP), and Others], Data Rate (Up to 10 GBPS, 10.1 to 25 GBPS, and Above 25 GBPS), Wavelength [Red, Near Infrared (NIR), and Short Wave Infrared (SWIR)], Application (Sensing, Data Communication, Industrial Heating & Printing, and Others), and End-use Industry (Mobile & Consumer, Telecom & Infrastructure, Industrial, Defense & Aerospace, Medical, and Automotive & Mobility)Get PDF Sample Report + All Related Table and Graphs @: https://www.premiummarketinsights.com/sample/TIP00003966?utm_source=OpenPR&utm_medium=10823
Competitive Landscape: Vertical Cavity Surface Emitting Laser (VCSEL) Market:
The growing adoption of VCSEL for 3D sensing applications, such as smartphones for gesture control and facial recognition features, contribute to the VCSEL market growth. In addition, the use of VCSEL for data communication and LiDAR system for automotives propels the market growth. The rising integration of technologies such as IoT across various industries such as healthcare, automotive, and building necessitates using fiber optics communication technologies, contributing to the demand and adoption of VCSEL.
According to the International Organization of Motor Vehicle Manufacturers, in 2022, India, China, Indonesia, South Korea, and Thailand witnessed a significant rise in vehicle production. Additionally, regional and global automotive manufacturers are investing in establishing new vehicle production plants across the region. For instance, in March 2022, Triton Electric Vehicle LLC announced the launch of its new production plant in Gujarat, India. In addition, in June 2022, BMW announced the opening of its new electric vehicle production plant in China with an investment of US$ 2.2 billion. Thus, such growing investments in the automotive industry increase the demand for sensing technology for newly built automobiles. In the automotive industry, VSCEL technology in automotives is used for various sensor applications inside and outside the automotive cabin, contributing to the demand for VCSEL market in the region.
Lumentum Holdings Inc
Coherent Corp
TRUMPF SE + Co KG
Broadcom Inc
ams-OSRAM AG
Vertilite Co Ltd
Leonardo SpA
IQE Plc
VERTILAS GmbH
Hamamatsu Photonics KK
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Chapter Details of Vertical Cavity Surface Emitting Laser (VCSEL) Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Vertical Cavity Surface Emitting Laser (VCSEL) Market Landscape
Part 04: Vertical Cavity Surface Emitting Laser (VCSEL) Market Sizing
Part 05: Vertical Cavity Surface Emitting Laser (VCSEL) Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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