Vertical Cavity Surface-Emitting Laser (VCSEL) Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends | Sony Group Corporation, Panasonic Corporation, Broadcom Inc., Sumitomo Electric Industries Ltd

Overview and Scope
Vertical Cavity Surface-Emitting Laser (VCSEL) is a semiconductor that emits a laser perpendicular to its top surface. It can be utilized in long-distance, high-speed optical fiber communication systems and execute high-speed modulation.

Sizing and Forecast
The vertical cavity surface-emitting laser (vcsel) market size has grown rapidly in recent years. It will grow from $2.12 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to optical interconnects, medical applications, industrial manufacturing, cost reduction and scale, automotive lidar systems.

The vertical cavity surface-emitting laser (vcsel) market size is expected to see rapid growth in the next few years. It will grow to $3.95 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to 5g network expansion, internet of things (iot), augmented reality (ar) and virtual reality (vr), biomedical and healthcare devices, miniaturization and integration. Major trends in the forecast period include standardization and interoperability, advanced packaging solutions, environmental monitoring solutions, integration in smart home systems, multi-functionality in consumer electronics.

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Segmentation & Regional Insights
The vertical cavity surface-emitting laser (vcsel) market covered in this report is segmented –

1) By Type: Single Mode, Multimode
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 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vertical cavity surface-emitting laser (vcsel) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Growth in cloud computing is expected to propel the growth of the VCSEL market going forward. Cloud computing refers to offering computer services through the Internet, such as servers, storage, databases, networking, software, analytics, and intelligence. VCSELs enhance the performance, scalability, and energy efficiency of data communication in cloud computing, enabling high-speed, reliable, and energy-efficient transmission for the seamless operation of cloud-based services. For instance, in December 2021, according to Eurostat, a Europe-based intergovernmental organization, 41% of EU enterprises used cloud computing in 2021 primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5% compared to 2020. Therefore, growth in cloud computing is driving the growth of the VCSEL market.

Key Industry Players
Major companies operating in the vertical cavity surface-emitting laser (vcsel) market report are Sony Group Corporation, Panasonic Corporation, Broadcom Inc, Sumitomo Electric Industries Ltd., NEC Corporation, Sharp Corporation, Leonardo S.p.A., ams OSRAM AG, Coherent Corp., TRUMPF GmbH, Vishay Intertechnology Inc., II-VI Incorporated, MKS Instruments Inc., Alight Solutions LLC, FLIR Systems Inc., Hamamatsu Photonics K.K, TT Electronics Plc, WIN Semiconductors Corp., Lumentum Operations LLC, IQE PLC, Thorlabs Inc., Santec Corporation, AMS Technologies AG, VERTILAS GmbH, Vixar Inc., Vertilite Co. Ltd., HLJ Technology Co. Ltd

The vertical cavity surface-emitting laser (vcsel) market report table of contents includes:
1. Executive Summary
2. Vertical Cavity Surface-Emitting Laser (VCSEL) Market Characteristics
3. Vertical Cavity Surface-Emitting Laser (VCSEL) Market Trends And Strategies
4. Vertical Cavity Surface-Emitting Laser (VCSEL) Market – Macro Economic Scenario
5. Global Vertical Cavity Surface-Emitting Laser (VCSEL) Market Size and Growth
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32. Global Vertical Cavity Surface-Emitting Laser (VCSEL) Market Competitive Benchmarking
33. Global Vertical Cavity Surface-Emitting Laser (VCSEL) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Vertical Cavity Surface-Emitting Laser (VCSEL) Market
35. Vertical Cavity Surface-Emitting Laser (VCSEL) Market Future Outlook and Potential Analysis
36. Appendix