Global VCSEL (Vertical Cavity Surface Emitting Laser) Market, By Type (Single Mode and Multi-Mode), Material (Gallium Arsenide, Indium Phosphide, Gallium Nitride and Other Materials), Wavelength (Red, Near Infrared and Short Wave Infrared), Application (Data Communication, Infrared Illumination, Pumping, Sensing, Industrial Heating, Emerging Application), Industry (Data Centres, Automotive, Consumer Electronics, Healthcare, Industrial and Military), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global VCSEL (Vertical Cavity Surface Emitting Laser) Market
The VCSEL (vertical cavity surface emitting laser) market is expected to witness market growth at a rate of 20.85% in the forecast period of 2021 to 2028 and is expected to reach USD 13.19 billion by 2028. Data Bridge Market Research report on VCSEL (vertical cavity surface emitting laser) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand from the end use industries is escalating the growth of VCSEL (vertical cavity surface emitting laser) market.
VCSEL refers to a specialized laser diode that assists in emitting optical beam or light vertically. The device provides controlled and predictable yield along with decreased fabrication costs. This is technology is gaining high importance in the touchless sensing, chip to chip interconnect and gesture recognition.
The rise in the adoption of 3D sensing applications in smartphones acts as one of the major factors driving the growth of VCSEL (vertical cavity surface emitting laser) market. The increase in the adoption of VCSELs by wafer manufacturers, testing and inspection, and MOCVD system providers, and rise in demand of the diode owning to its features such as high efficiency, high speed with a cost-effective solution and precision accelerate the market growth. The rise in trend in computer and television displays associated with the larger size, higher resolution and thinner profiles and growth in cloud computing and 5G wireless communications because of surge in number of data centers further influence the market. Additionally, urbanization and digitization, increase in application of VCSELs in data communication and expansion of end use industries positively affect the VCSEL (vertical cavity surface emitting laser) market. Furthermore, technological advancements and adoption of VCSEL in consumer devices by OEMs extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, limited data transmission range and lack of standard protocols for the technology are the factors expected to obstruct the market growth. Limitations associated with gallium nitride restricting the performance of VCSELs and lacks of trained professionals are projected to challenge the VCSEL (vertical cavity surface emitting laser) market in the forecast period of 2021-2028.
This VCSEL (vertical cavity surface emitting laser) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info VCSEL (vertical cavity surface emitting laser) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
VCSEL (Vertical Cavity Surface Emitting Laser) Market Scope and Market Size
The VCSEL (vertical cavity surface emitting laser) market is segmented on the basis of type, material, wavelength, application and industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the VCSEL (vertical cavity surface emitting laser) market is segmented into single mode and multi-mode.
- On the basis of material, the VCSEL (vertical cavity surface emitting laser) market is segmented into gallium arsenide, indium phosphide, gallium nitride and other materials.
- On the basis of wavelength, the VCSEL (vertical cavity surface emitting laser) market is segmented into red, near infrared and short wave infrared.
- On the basis of application, the VCSEL (vertical cavity surface emitting laser) market is segmented into data communication, infrared illumination, pumping, sensing, industrial heating and emerging application. Infrared illumination is further segmented into camera which in turn is bifurcated into 3D camera and security and surveillance camera. Sensing is segmented into optical sensor and interference sensor. Optical sensor is sub-segmented into reflective sensor and scattering sensor. Emerging application is sub-segmented into display, high power application, atomic clock, GPS and magnetometer. High power application is further sub-segmented into LIDAR and night vision.
- On the basis of industry, the VCSEL (vertical cavity surface emitting laser) market is segmented into industrial data centres, automotive, consumer electronics, healthcare, industrial and military.
Global VCSEL (Vertical Cavity Surface Emitting Laser) Market Country Level Analysis
The VCSEL (vertical cavity surface emitting laser) market is analyzed and market size, volume information is provided by country, type, material, wavelength, application and industry as referenced above.
The countries covered in the global VCSEL (vertical cavity surface emitting laser) market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is expected to witness high growth in the VCSEL (vertical cavity surface emitting laser) market during the forecast period of 2021 to 2028 due to the increase in demand for smartphones, high consumption and production of consumer devices and high penetration of the internet within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and VCSEL (Vertical Cavity Surface Emitting Laser) Market Share Analysis
The VCSEL (vertical cavity surface emitting laser) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to VCSEL (vertical cavity surface emitting laser) market.
The major players covered in the VCSEL (vertical cavity surface emitting laser) market report are II-VI Incorporated, Lumentum Operations LLC, ams AG., TRUMPF, Broadcom., Leonardo S.p.A., MKS Instruments., TT Electronics, Litrax Technology Co., Ltd., NeoPhotonics Corporation and Ushio America, Inc., VERTILAS GmbH, Vertilite ., Alight, Coherent Solutions., FLIR Systems, Inc., Inneos LLC, IQE PLC, WIN Semiconductors, Thorlabs, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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