Vertical-Cavity Surface-Emitting Lasers (VCSEL) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Single-Mode, Multimode VCSEL), By Material (Gallium Arsenide, Gallium Nitride, Indium Phosphide, Others), By Application (Sensing, Data Communication, Industrial Heating, Lidar, Others), By Region, and Competition

Industry : ICT
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Published Date : NA

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Summary

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Report Description

Forecast Period	2023-2028
Market Size (2022)	USD 2.54 Billion
CAGR (2023-2028)	25.85%
Market Size (2028)	USD 9.95 Billion
Fastest Growing Segment	Multimode
Largest Market	North America

Global Vertical-Cavity Surface-Emitting Lasers (VCSEL) Market is anticipated to grow at a robust pace in the forecast period, 2024-2028. The growing usage of VCSELs in 3D sensing applications, and VCSEL arrays by data centers, are the primary reasons driving the growth of this industry.

Furthermore, the expanding use of VCSELs in vehicle automation and 5G technologies presents considerable potential prospects for VCSEL Market participants. Data traffic rates in data centers have increased due to the rising use of new technologies such as Virtual/Augmented Reality (VR/AR), Artificial Intelligence (AI), and the Internet of Things (IoT). This will rise the need for high-end optical interconnect equipment, such as vertical-cavity surface-emitting lasers (VCSEL), in data centers to offer high-speed data rates of up to 400 Gbit/s. Companies are constantly developing new products to fulfil the increasing need for high-speed communication networks, creating new opportunities for market development. A semiconductor-based laser diode that produces a high-power optical laser beam vertically from its top surface is known as a Vertical Cavity Surface Emitting Laser (VCSEL). These devices, which provide a wide range of applications, notably in networks, replace edge emitting lasers (EEL). A VSCEL device runs between 850 and 1310 nm in wavelength and 2.125 and 150 Gbps in transmission rate.

The industry is likely to benefit from an increase in demand for VCSEL in data communication. Furthermore, the increased use of VCSELs in infrared lighting due to technological improvements is expected to boost market expansion. However, the VCSEL business is hampered by high costs and data range constraints. Furthermore, consumer electronics demand for VCSELs is likely to drive the VCSEL market in the future years.

Data Centers are increasing their use of VCSEL arrays

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. The connections' high data transfer rates, excellent durability, and low power consumption make them ideal for use as optical transceivers and make it possible to apply data analytics to enhance decision-making. To increase the overlapping of carriers and optical modes, intra-data center connection uses optical transceivers based on VCSELs. Due to their ability to achieve extremely high transmission bit rates and increasing the range of multi-mode fibers, they are mostly utilized in next-generation data communication applications. As a result, the demand for VCSEL arrays among data centers has increased due to the high-speed data transfer made possible by VCSELs.

Vehicle safety systems' increasing integration will boost the need for VCSEL in sensing applications.

The VCSEL market for sensing is expected to grow high in sensing applications. Fast scanning, great efficiency, and strong resistance to ambient light are all features of vertical-cavity surface-emitting lasers. They will become more popular because of these qualities in a variety of sensing applications, including gesture recognition, driver fatigue monitoring, and facial recognition, among others. In the upcoming years, market potential will be driven by the increasing electrification of cars and the integration of safety systems.

For sensing purposes in car control systems, such as call answering/hanging, audio volume adjustment, and driver tiredness monitoring, vertical-cavity surface-emitting lasers are used. There are opportunities for the sector because of some governments implementing rules and policies to incorporate safety systems in automobiles.

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Market Segmentation

Global VCSEL Market is segmented By type, by material, and by application. Based on type, the market is segmented into single-mode and multimode VCSEL. Based on material, the market is segmented into Gallium Arsenide, Gallium Nitride, Indium Phosphide, Others. Based on Application into sensing, data communication, industrial heating, lidar, and others.

Market players

Major market players in the global VCSEL market are TRUMPF GmbH + Co. KG, Lumentum Holdings Inc, Broadcom Inc, Finisar Corporation, IQE PLC, Thorlabs, Inc, Ultra Communications, Inc, Vertilas GMBH, Viavi Solutions Inc, Vixar Inc.

Recent Development

In August 2022, Lumentum Announces the Completion of the Neo Photonics Acquisition. This acquisition puts us in a better position for the lucrative growth opportunities brought by the digital transformation of work and life, which is fueling an unrelenting increase in the required volumes and performance of cloud and network infrastructure.
In December 2022, to promote cooperation on sophisticated electrical and photonic devices, Coherent Corp. teamed up with two Korean organizations, the Electronics and Telecommunications Research Institute (ETRI) and the Korea Advanced Institute of Science & Technology (KAIST). Additionally, it will improve the business's standing in the Korean market.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2018-2022 and 2024-2028
Report coverage	Revenue forecast, company share, growth factors, and trends
Segments covered	By Type By Material By Application By Region
Regional scope	North America; Asia-Pacific; Europe; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; South Korea; Australia, Germany; United Kingdom; France; Belgium; Italy, Brazil; Colombia; Argentina; Saudi Arabia; South Africa; UAE; Israel
Key companies profiled	TRUMPF GmbH + Co. KG, Lumentum Holdings Inc, Broadcom Inc, Finisar Corporation, IQE PLC, Thorlabs, Inc, Ultra Communications, Inc, Vertilas Gmbh, Viavi Solutions, Inc, Vixar Inc.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Global VCSEL Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· VCSEL Market, By Type:

o Single-Mode

o Multimode VCSEL

· VCSEL Market, By Material:

o Gallium Arsenide

o Gallium Nitride

o Indium Phosphide

o Others

· VCSEL Market, By Application:

o Sensing

o Data Communication

o Industrial Heating

o Lidar

o Others

· VCSEL Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Asia-Pacific

§ India

§ China

§ Japan

§ South Korea

§ Australia

o Europe

§ Germany

§ United Kingdom

§ France

§ Belgium

§ Italy

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Saudi Arabia

§ South Africa

§ UAE

§ Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global VCSEL Market.

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Company Information

Detailed analysis and profiling of additional market players (up to five).

The Global VCSEL is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Service Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Impact of COVID-19 on Global Vertical-Cavity Surface-Emitting Lasers (VCSEL) Market

4. Executive Summary

5. Voice of Customers

6. Global Vertical-Cavity Surface-Emitting Lasers (VCSEL) Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Single-Mode, Multimode VCSEL)

6.2.2. By Material (Gallium Arsenide, Gallium Nitride, Indium Phosphide, Others)

6.2.3. By Application (Sensing, Data Communication, Industrial Heating, Lidar, Others)

6.2.4. By Region

6.3. By Company

6.4. Market Map

7. North America Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Material

7.2.3. By Application

7.2.4. By Country

7.3. North America: Country Analysis

7.3.1. United States Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Material

7.3.1.2.3. By Application

7.3.2. Canada Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Material

7.3.2.2.3. By Application

7.3.3. Mexico Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Material

7.3.3.2.3. By Application

8. Asia-Pacific Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Material

8.2.3. By Application

8.2.4. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Material

8.3.1.2.3. By Application

8.3.2. India Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Material

8.3.2.2.3. By Application

8.3.3. Japan Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Material

8.3.3.2.3. By Application

8.3.4. South Korea Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Material

8.3.4.2.3. By Application

8.3.5. Australia Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Material

8.3.5.2.3. By Application

9. Europe Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Material

9.2.3. By Application

9.3. Europe: Country Analysis

9.3.1. Germany Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Material

9.3.1.2.3. By Application

9.3.2. United Kingdom Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Material

9.3.2.2.3. By Application

9.3.3. France Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Material

9.3.3.2.3. By Application

9.3.4. Belgium Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Type

9.3.4.2.2. By Material

9.3.4.2.3. By Application

9.3.5. Italy Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Type

9.3.5.2.2. By Material

9.3.5.2.3. By Application

10. South America Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Material

10.2.3. By Application

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Material

10.3.1.2.3. By Application

10.3.2. Argentina Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Material

10.3.2.2.3. By Application

10.3.3. Colombia Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Material

10.3.3.2.3. By Application

11. Middle East & Africa Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Material

11.2.3. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Material

11.3.1.2.3. By Application

11.3.2. South Africa Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Material

11.3.2.2.3. By Application

11.3.3. UAE Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By Material

11.3.3.2.3. By Application

11.3.4. Israel Vertical-Cavity Surface-Emitting Lasers (VCSEL) Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Type

11.3.4.2.2. By Material

11.3.4.2.3. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Company Profiles

14.1. TRUMPF GmbH + Co. KG

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.2. Lumentum Holdings Inc

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.3. Broadcom Inc

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.4. Finisar Corporation

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.5. IQE PLC

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.6. Thorlabs, Inc

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.7. Ultra-Communications, Inc

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.8. Vertilas GMBH

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.9. Viavi Solutions INC

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.10. Vixar INC

14.10.1. Business Overview

14.10.2. Key Revenue and Financials

14.10.3. Recent Developments

14.10.4. Key Personnel

14.10.5. Key Product/Services

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What is a VCSEL?

The vertical-cavity surface-emitting laser, or VCSEL, is a type of semiconductor laser diode that emits a laser beam perpendicularly from the top surface, as opposed to normal edge-emitting semiconductor lasers, which emit from surfaces created by cleaving the individual chip out of a wafer.

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Press Release

Vertical-Cavity Surface-Emitting Lasers (VCSEL) Market is expected to grow owing to an increase in use of VCSEL arrays throughout the forecast period 2024-2028

May, 2023

The Vertical-Cavity Surface-Emitting Lasers (VCSEL) Market is expected to grow due to the utilization in 3D sensing applications between 2024 and 2028.