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.
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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.
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.
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
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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
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.
Philips GmbH Photonics-Company Financial Analysis
| 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. |
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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