According to the new market research report “Global VCSEL Industry, Market Report, Price Trends and Forecast 2022-2027″, published by IMARC Group, the market is projected to reach US$ 3.87 Billion by 2027, exhibiting at a CAGR of 17.60% during 2022-2027.
A vertical cavity surface-emitting laser (VCSEL) refers to a semiconductor-based laser diode that emits efficient optical beams vertical to the surface of the substrate. It is utilized as a transmitter in optical fiber communications as it can be regulated with high frequencies. A VCSEL with a laser mouse has high tracking accuracy and low electricity consumption, due to which it finds application in battery-powered devices across the globe. Moreover, VCSEL is gaining traction in compact global positioning system (GPS) devices and optical clocks due to its high output power.
Global VCSEL Industry Trends and Drivers:
One of the key factors driving the market is the compact and economical optical source for a wide range of applications compared to edge-emitting lasers (EELs) and light-emitting diodes (LEDs). Furthermore, the rising demand for miniaturized electronic devices is also propelling the market growth. Additionally, the increasing utilization of biometric systems in various organizations due to the growing incidences of security threats is escalating the product demand.
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Besides this, the application of VCSELs in high detection and ranging (LIDAR) technology, which is a vital component in the advanced driver assistance systems (ADAS), is creating a positive market outlook. In line with this, the utilization of VCSELs in self-driving cars to provide data for fully independent vehicles without risking their safety and advancements in the VCSELs technology are escalating product sales for imaging, sensing and scanning machine vision, medical and science.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The report has segmented the market on the basis of region, type, material, wavelength, application and end use industry.
Breakup by Type:
- Multi-mode VCSEL
- Single-mode VCSEL
Breakup by Material:
- Gallium Arsenide
- Gallium Nitride
- Indium Phosphide
Breakup by Wavelength:
- Red (650-750 nm)
- Near-infrared (750-1400 nm)
- Shortwave-infrared (1400-3000 nm)
Breakup by Application:
- Data Communication
- Industrial Heating
- Laser Printing
- Pulse Oximetry
Breakup by End Use Industry:
- Mobile and Consumer
- Aerospace and Defense
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ams AG, Broadcom Inc., II-VI Incorporated, Inneos LLC, IQE Plc, Leonardo Electronics US Inc., Lumentum Operations LLC, Teledyne FLIR LLC (Teledyne Technologies Incorporated), The TRUMPF Group, TT Electronics Plc, Vertilas GmbH and Vertilite Inc.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.