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Report Scope & Overview:

VCSEL Market Size was valued at USD 1.71 billion in 2022 and is expected to reach USD 6.63 billion by 2030, and grow at a CAGR of 18.4% over the forecast period 2023-2030.

A Vertical Cavity Surface Emitting Laser (VCSEL) is a laser diode that emits a high-power optical laser beam vertically from its top surface. These devices, which replace edge emitting lasers (EEL), have a wide range of applications, particularly in networks.

VCSEL Market Revenue Graph

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MARKET DYNAMICS:

KEY DRIVERS:

  • Market investment in VCSEL manufacturing has increased.

  • 3D sensing applications in smartphones are increasingly adopted.

RESTRAINTS:

  • The performance of VCSELs is hampered by semiconductor material limitations.

  • Limited Data transmission range.

OPPORTUNITIES:

  • VCSELs are increasingly used in consumer electronic devices.

  • The IoT market and data processing are expanding in the commercial and government sectors.

  • VCSELs are being used in LiDAR systems for automotive applications.

 CHALLENGES: 

  • Manufacturing flaws in VCSELs.

IMPACT OF COVID-19: 

The emergence of the COVID-19 pandemic, a deadly respiratory disease that originated in China, has now become a global issue, affecting the VCSEL market as well. The market has suffered primarily as a result of a 15% drop in smartphone shipments in 2020 compared to 2019. Other consumer electronics are also seeing a drop in revenue at first, but are expected to recover by 2021. While the overall market is expected to recover in 2021, some segments, such as commercial and industrial, and military, are expected to recover slightly later due to the adoption of a realistic growth rate.

Based on type, the VCSEL market is segmented into Multimode, and Single-Mode. During the forecast period, the multimode VCSEL segment is expected to grow at a faster rate. This growth is expected to be accounted for by the integration of 3D sensing by more smartphone manufacturers, as well as future applications of VCSELs in automotive LiDAR.

Based on material, the VCSEL market is segmented into Gallium Arsenide (GaAs), Gallium Nitride (GaN), Indium Phosphide (InP), and Others. During the forecast period, the GaAs segment is expected to have the highest CAGR. The widespread use of GaAs-based VCSELs in the manufacture of smartphones and consumer electronics is the primary growth driver in the market. Furthermore, the use of GaAs-based VCSELs in LiDAR applications is expected to create long-term growth opportunities for ecosystem players. Other than smartphones, technological advancements in consumer electronics, such as AR/VR devices, are expected to boost demand for GaAs-based VCSELs in 3D sensing applications.

Based on industry, the VCSEL market is segmented into Consumer Electronics, Automotive, Healthcare, Data Center, Commercial & Industrial, and Military. The increased use of VCSELs in automotive for driver monitoring and infotainment systems is attributed to the high growth in the automotive segment. As the automotive industry moves toward autonomous vehicles, VCSELs are finding more applications in systems such as advanced driver assistance systems (ADAS) to support this evolution. LiDAR is the most recent technology used in automotive safety developments, and solutions for solid-state LiDARs using VCSELs are being developed. Long-term growth is expected to be driven by an increase in the transition toward the adoption of autonomous vehicles. The growing importance of VCSEL for LiDAR, in-cabin monitoring/driver monitoring, and gesture recognition are expected to be the primary growth drivers during the forecast period.

MARKET SEGMENTATION:

BY TYPE

  • Multimode

  • Single-Mode

BY MATERIAL

  • Gallium Arsenide (GaAs)

  • Gallium Nitride (GaN)

  • Indium Phosphide (InP)

  • Others

BY APPLICATION

  • Data Communication

  • Sensing

  • Industrial Heating

  • Laser Printing

BY INDUSTRY

  • Consumer Electronics

  • Automotive

  • Healthcare

  • Data Center

  • Commercial & Industrial

  • Military

VCSEL Market Segment Pie Chart

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REGIONAL ANALYSIS:

The Vertical cavity surface-emitting laser (VCSEL) Market is divided into five regions, North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. North America dominated the VCSEL market among the aforementioned regions in 2021. Asia-Pacific, on the other hand, is expected to dominate the Vertical cavity surface-emitting laser (VCSEL) Market. The adoption of the VCSEL market is primarily due to the demand for RF amplifiers with a high rate of data transmission, higher frequency, and power. Furthermore, the increasing adoption of devices for energy and power applications, as well as rising demand for IT and telecommunication equipment that uses VCSEL, are driving the growth of the VCSEL market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

COMPETITIVE LANDSCAPE:

The key players in the VCSEL market are Santec Corporation, Philips GmbH Photonics, Lumentum Holdings, Newport Corporation, Necsel Laser, AMS Technologies, Broadcom, Finisar Corporation, NeoPhotonics Corporation, and Other Players.

VCSEL Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 1.71 Billion
Market Size by 2030 US$ 6.63 Billion
CAGR CAGR of 18.4% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Multimode, Single-Mode)
• By Material (Gallium Arsenide (Gaas), Gallium Nitride (Gan), Indium Phosphide (Inp), Others)
• By Application (Data Communication, Sensing, Industrial Heating, Laser Printing)
• By Industry (Consumer Electronics, Automotive, Healthcare, Data Center, Commercial & Industrial, Military)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles VCSEL market are Santec Corporation, Philips GmbH Photonics, Lumentum Holdings, Newport Corporation, Necsel Laser, AMS Technologies, Broadcom, Finisar Corporation, NeoPhotonics Corporation, and Others.
Key Drivers • Market investment in VCSEL manufacturing has increased.
• 3D sensing applications in smartphones are increasingly adopted.
RESTRAINTS • The performance of VCSELs is hampered by semiconductor material limitations.
• Limited Data transmission range.

Frequently Asked Questions

The market value is expected to reach USD 6.63 billion by 2030.

The performance of VCSELs is hampered by semiconductor material limitations, Limited Data transmission range.

The key players in the VCSEL market are Santec Corporation, Philips GmbH Photonics, Lumentum Holdings, Newport Corporation, Necsel Laser, AMS Technologies, Broadcom, Finisar Corporation, NeoPhotonics Corporation, and Others.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. VCSEL Market Segmentation, by type

8.1Introduction

8.2 Multimode

8.3 Single-Mode

 

9. VCSEL Market Segmentation, by material

9.1Introduction

9.2 Gallium Arsenide (GaAs)

9.3 Gallium Nitride (GaN)

9.4 Indium Phosphide (InP)

9.5 Others

 

10. VCSEL Market Segmentation, by application

10.1 Introduction

10.2 Data Communication

10.3 Sensing

10.4 Industrial Heating

10.5 Laser Printing

 

11. VCSEL Market Segmentation, by industry

11.1 Introduction

11.2 Consumer Electronics

11.3 Automotive

11.4 Healthcare

11.5 Data Center

11.6 Commercial & Industrial

11.7 Military

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13.Company Profiles

13.1 Finisar Corporation

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Santec Corporation

13.3 Philips GmbH Photonics

13.4 Lumentum Holdings

13.5 Newport Corporation

13.6 Necsel Laser

13.7 AMS Technologies

13.8 Broadcom

13.9 NeoPhotonics Corporation

13.10 Others

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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