The Vertical Cavity Surface-Emitting Laser (VCSEL) Global Market Report 2023, provides comprehensive information on the vertical cavity surface-emitting laser (vcsel) market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Vertical Cavity Surface-Emitting Laser (VCSEL) Market’s Growth:
The global VCSEL market is expected to grow from $1.88 billion in 2022 to $2.12 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The VCSEL market is expected to reach $3.52 billion in 2027 at a CAGR of 13.4%.
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3D sensing and automotive LiDAR are key trends gaining popularity in the VCSEL market. Major companies operating in the VCSEL market are using advanced technologies to innovate products for automotive and 3D sensing applications and sustain their position in the market. For instance, in March 2021, Lumentum, a US-based telecommunications company, launched five- and six-junction VCSEL array devices for advanced consumer, automotive LiDAR, and other 3D sensing applications. It provides significantly lower power consumption, extremely high slope efficiencies, and record-breaking optical peak outputs compared to current devices.
The vertical cavity surface-emitting laser (vcsel) market is segmented:
2) By Material: Gallium Arsenide (GaAs), Indium Phosphide (InP), Gallium Nitride, Other Materials
3) By Wavelength: Red (650-750 nm), Near-Infrared (750-1400 nm), Shortwave-Infrared (1400-3000 nm)
4) By Application: Sensing, Data Communication, Infrared Illumination, Industrial Heating, Pumping, Other Applications
5) By Industry: Consumer Electronics, Automotive, Data Center, Commercial And Industrial, Healthcare, Military
North America was the largest region in the vertical cavity surface-emitting laser (vcsel) market in 2022.
The table of contents in TBRC’s vertical cavity surface-emitting laser (vcsel) market report includes:
5.1. Global Vertical Cavity Surface-Emitting Laser (VCSEL) Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
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