What is the Size of Global Vertical Cavity Surface Emitting Laser Industry?
Global Vertical Cavity Surface Emitting Laser market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Vertical Cavity Surface Emitting Laser Market is largely driven by the rising adoption of vertical cavity surface emitting lasers in data centers and the growing demand for 3D sensing applications.
Global demand for data centers has increased due to growth in internet traffic and digital data production. The foundation of many optical networks used in data centers is multi-mode fiber and VCSELs due to their high-speed data transmission capabilities. Furthermore, the high data transmission rates, excellent durability, and low power consumption make them ideal for use as optical transceivers.
The Low Data Transmission Range of the Vertical Cavity Surface Emitting Lasers (VCSEL) is one of the major challenges hindering the growth of the global Vertical Cavity Surface Emitting Lasers (VCSEL) market.
Furthermore, The COVID-19 pandemic slowed the growth of the Global vertical cavity surface emitting laser (VCSEL) Market, owing to the worldwide lockdown by governments, which led to the shutdown of production and manufacturing activities as well as the unavailability of workers in various industries. As a result, production showed a decline in the Global vertical cavity surface emitting laser (VCSEL) market.
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Global Vertical Cavity Surface Emitting Laser Market By Type
The Global Vertical Cavity Surface Emitting Laser market is segmented by Type into Multi-mode and Single-mode. The single-mode segment by type held the largest market share in 2022 in the global Vertical Cavity Surface Emitting Lasers (VCSEL) market.
The growth is primarily due to the rising usage of mobile apps and single-mode VCSELs capacity to reduce power consumption, prolong battery life, and enhance user experience. Due to their low power consumption, high output, and efficiency, they are employed in mobile industrial applications, wireless laser mice, and mobile phones. Furthermore, Single-mode VCSELs have reduced attenuation, which enables the signal to travel further due to which improved coupling with the optical fiber can be seen which results in a better connection.
Global Vertical Cavity Surface Emitting Laser Market By Material
The Global Vertical Cavity Surface Emitting Laser Market is segmented by Material into Gallium Arsenide, Gallium Nitride, Indium Phosphide and Others. Gallium Arsenide Material is projected to be the fastest-growing segment during the forecast period in the global Vertical Cavity Surface Emitting Lasers (VCSEL) market.
The growth is primarily due to the ability of Gallium Arsenide to meet the requirements for high quality and fast speed in multimedia applications as well as the increased demand for GaAs-based VCSELs in the consumer electronics sector.
Gallium Arsenide (GaAs) based VCSELs are increasingly being used due to their benefits in a variety of consumer electronics applications, which include a low current threshold, low power requirements, and a tiny divergence angle.
Global Vertical Cavity Surface Emitting Laser Market By Application
The Global Vertical Cavity Surface Emitting Laser market is segmented by Application into Sensing, Data Communication, Industrial Heating, Laser Printing, LiDAR and Others. The sensing segment is expected to be the fastest-growing segment during the forecast period for the global Vertical Cavity Surface Emitting Lasers (VCSEL) market. The growth is primarily due to the rise in demand for Advances in logistics, home & building automation, and Industry 4.0 technologies for face and objects recognition.
Global Vertical Cavity Surface Emitting Laser Market By End-User
The Global Vertical Cavity Surface Emitting Laser market is segmented by End-User into Consumer Electronics, IT & Telecom, Industrial Equipment Manufacturing, Aerospace & Defense, Healthcare and Automotive. The Consumer Electronics segment dominated the global Vertical Cavity Surface Emitting Lasers (VCSEL) market in 2022. The rapid development of digital technologies and the rising global demand for consumer electronics products are credited for this segment’s strong growth rate.
Key Topics Covered in the Report
- Snapshot of Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
- Historic Growth of the Overall Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Industry
- Overview, Product Offerings, and Strategic Developments of Key Competitors
- COVID-19 Impact on the Overall Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
- Future Market Forecast and Growth Rates of the Total Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market and by Segments
- Market Size of Material/End-user Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
- Major Production/Supply and Consumption/Demand Hubs within Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Key Players Mentioned in the Report
- TRUMPF Group
- Coherent Corp.
- Lumentum Operations LLC
- Hamamatsu Photonics K.K
- OSRAM AG
- Vixar Inc.
- HLJ Technology Co. Ltd
- Teledyne FLIR LLC
- Vertilite
- Alight Technologies ApS
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Notable Emerging Companies Mentioned in the Report
- Nostics
- Marvel Fusion
- LongPath Technologies
- QLM TECHNOLOGY LTD
- Nuburu
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Vertical Cavity Surface Emitting Lasers (VCSEL) Manufacturers
- Vertical Cavity Surface Emitting Lasers (VCSEL) Products Manufacturers
- Vertical Cavity Surface Emitting Lasers (VCSEL) Raw Material Suppliers
- Vertical Cavity Surface Emitting Lasers (VCSEL) Industry Association
- Vertical Cavity Surface Emitting Lasers (VCSEL) Companies
- Venture Capitalists Targeting Vertical Cavity Surface Emitting Lasers (VCSEL) Industry
- Defense Electronics Research Organizations
- Navigation Technology Solutions Companies
- Potential Entrants into Advanced Electronics Industry
- Government Ministries and Departments of Electronics
- Defense Electronics Regulatory Authorities
Time Period Captured in the Report
- Historical Period: 2017-202
- Forecast Period: 2022E-2028F
For more insights on the market intelligence, refer to the link below
Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market
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