According to the latest report, the global vertical cavity surface emitting laser (VCSEL) market reached a value of US$ 1.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.87 Billion by 2027, exhibiting at a CAGR of 17.60% during 2022-2027.
Vertical cavity surface emitting laser (VCSEL) is a semiconductor laser diode that emits optical beams perpendicular to the surface of the substrate. It provides a more compact and cost-efficient optical source than edge-emitting laser (EEL) and light-emitting diode (LED). As VCSEL combined with a laser mouse offers high tracking precision and low electricity consumption, it finds extensive applications in battery-powered devices across the globe.
Covid-19 Scenario: 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.
|Market Size Value in 2021:||US$ 1.41 Billion|
|Growth Rate:||CAGR of 17.60% from 2022 to 2027|
Global VCSEL Market Trends and Drivers:
VCSEL is used in miniature optical clocks and compact global positioning system (GPS) devices on account of its high output power. Additionally, it is utilized as a transmitter in optical fiber communications as it can be modulated with high frequencies. This, in confluence with the rising demand for miniature electronic devices worldwide, is driving the market. Apart from this, VCSELs are nowadays incorporated with light detection and ranging (LIDAR) technology for being used in advanced driver assistance systems (ADAS).
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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.
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
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