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- VCSEL Market
| Status : Published | Published On : May, 2024 | Report Code : VRICT5182 | Industry : Semiconductor & Electronics | Available Format :
|
Page : 206 |
Global VCSEL Market – Analysis and Forecast (2025-2030)
Industry Insights By Type (Single-Mode and Multi-Mode), By Application (Infrared Illumination, Sensing, Data Communication and Industrial Heating), By Material (Gallium Arsenide (GaAs), Indium Phosphide (InP) and Gallium Nitride (GaN)), By End-User (Consumer Electronics, Automotive, IT & Telecom, Commercial and Industrial, Healthcare and Military) and By Geography (North America, Asia-Pacific, Europe and Rest of the World)
Industry Overview
The Global VCSEL Market is anticipated to grow from USD 1.5 billion in 2023 to USD 3.7 billion in 2030 at a CAGR of 14.3% during the forecast period from 2025 to 2030.
VCSEL (Vertical cavitiy surface emitting laser) is a laser diode that vertically emits light in a cone-shaped beam from the surface of a fabricated wafer. Various benefits are offered by VCSELs in comparison with conventional edge-emitting lasers where light is emitted on one or two edges of the chip. VCSELs are available in different wavelengths for the industry or the consumer market. The standard wavelengths are in the range of 760 nm, 850 nm and 940 nm. These lasers also offer high efficiency, reliability, precision and high speed with a cost-effective solution which are the new technological developments in laser physics.
The market is segregated by type such as single-mode and multi-mode, where multi-mode segment dominates the market and by application such as illumination, and sensing, data communication, industrial heating, among which sensing shall grow due to increase in demand for object detection and face recognition. It is also divided on the material into gallium arsenide(GaAs), indium phosphide (InP) and gallium nitride (GaN) and by end-user divided into consumer electronics, automotive, IT & telecom, commercial and industrial, healthcare and military.
Market Segmentation
Insight by Type
According to type, the global VCSEL market segmentation includes single-mode and multi-mode. The multi-mode segment held the market, with the largest market revenue due to its cost-effectiveness, high-speed data transfer capabilities and lower power consumption which is mainly utilized in automotive, aerospace and medical systems.
Insight by Application
The global VCSEL market segmentation based on application, comprises of infrared illumination, sensing, data communication, industrial heating. The sensing segment dominates the market of VCSEL during the forecast period as there is increase in demand for object detection and face recognition along with developments in logistics and home & building automation. VCSEL-based sensors enhance precision and speed in smart-phones, consumer electronics, automotive and manufacturing applications.
Insight by Material
On the basis of material, the VCSEL Market is divided into gallium arsenide(GaAs), indium phosphide (InP) and gallium nitride (GaN). GaAs is led the VCSEL market due to the rising adoption of GaAs-based vertical –cavity surface emitting lasers in proximity sensors that are being integrated in smart-phones and the other consumer devices.
Insight by Enduser
Based on end-user, the VCSEL Market is segregated into consumer electronics, automotive, IT & telecom, commercial and industrial, healthcare and military. The automotive segment dominates the market of VCSEL during the forecast period due to the expansion of the application of these devices in driver monitoring systems.
Global VCSEL Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2020 - 2024 |
|
Base Year Considered |
2025 |
|
Forecast Period |
2026 - 2035 |
|
Market Size in 2025 |
U.S.D. 1.5 Billion |
|
Revenue Forecast in 2035 |
U.S.D. 3.7 Billion |
|
Growth Rate |
14.3% |
|
Segments Covered in the Report |
By Type, By Application, By Material, and By End-User |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Asia-Pacific, Europe, and Rest of the World |
Industry Dynamics
Growth Drivers
Now-a-days, optical interconnect infrastructures in the data centers have advanced from 100 Gbit/s. to the next-generation 400 Gbit/s data. This is mainly due to the ever-increasing data traffic in data centers because of rapid market growth of emerging technologies like VR/AR, AI and the Internet of Things (IoT) along with the introduction of 5G mobile network systems. The VCSEL market is anticipated to witness strong growth during the forecast period due to rising requirements for transmitting data over long distances with high speed and efficiency, increasing demand in automotive LiDAR applications of these lasers and industrial applications. Also adoption of VCSELs in smartphones by smartphone manufacturers for 3D sensing is the factor driving the market growth. During the COVID-19 pandemic various end-user industries that deploy VCSEL faced several difficulties as these industries were stuck with nationwide lockdowns, which had brought them to a standstill, they gradually started their operation after Q2 of 2020. Geopolitical tensions and conflicts worldwide drive the demand for military spending.
Restraints
High cost of the lasers is the major constraint of the VCSEL Market despite their various advantages. VCSELs are expensive to manufacture, compared to traditional LED laser technologies. The VCSEL market faces competition from alternative technologies like organic light-emitting diodes (OLEDs), edge-emitting lasers and LEDs. The complex manufacturing process involved in producing VCSELs face challenges in terms of production costs, yield and scalability.
Geographic Overview
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World
Geographically, the Global VCSEL Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The North American VCSEL market dominates the market due to innovations in advanced technologies and the rise in data communication applications. Rising adoption of enterprise mobility and extensive wireless connectivity has led to the growth of the VCSEL market in the North American region. The US is the highest contributor in this region. The Asia-Pacific VCSEL Market is the second-largest market due to the rising adoption of VCSEL solutions.
Competitive Insights
TRUMPF Photonic Components (headquartered in Ulm, Germany), is a global technology leader, providing VCSEL and photodiode solutions for industrial sensing, datacom, consumer electronics, automotive and industrial heating markets. The new generation 940 nm VCSEL arrays permit breakthrough advancements in different functionalities coupled with high-reliability performance, like long product lifetime at a broad temperature range. Thus, the new VCSEL generation provides better results in advanced optical applications such as laser autofocus, proximity sensing and under OLED display sensing.
Semtech Corporation is a leading supplier worldwide of high-performance analog and mixed-signal semiconductors and modern algorithms. The company is based in Camarillo, Ventura County, Southern California, and was founded in 1960. The company is a high-performance semiconductor, cloud connectivity, and IoT systems service supplier dedicated to offering high-quality technology solutions that offer a smarter, more sustainable, and more connected planet.
Key Players Covered in the Report
Manufacturers in the global VCSEL industry use one of the key business tactics of manufacturing locally to minimize operational costs to benefit clients and increase the market sector. Companies are investing in research and development operations to offer some of the most significant advantages to technology. Key players of VCSEL Market are Coherent Corporation, Lumentum Operations LLC, Vixar Inc (OSRAM AG), Hamamatsu Photonics KK, TRUMPF Group , Semtech Corporation, IQE plc, WIN Semiconductors, Frankfurt Laser Company.
Recent Development by Key Players
AMS OSRAM AG and the Malaysian Investment Development Authority (MIDA) collaborated for the continued investment and expansion in Malaysia. MIDA demonstrates significant support for ams OSRAM’s initiatives in Malaysia.
Coherent Corp. (a leader in semiconductor lasers for depth sensors), has introduced an illumination module platform for short- and mid-range light detection and ranging (LiDAR) in automotive safety and robotic vision in industrial applications.
The global VCSEL Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Type
- Single-Mode
- Multi-Mode
- By Application
- Infrared Illumination
- Sensing
- Data Communication
- Industrial Heating
- By Material
- Gallium Arsenide(GaAs)
- Indium Phosphide (InP)
- Gallium Nitride (GaN)
- By End-User
- Consumer Electronics
- Automotive
- IT & Telecom
- Commercial and Industrial
- Healthcare and Military
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of the World
- Brazil
- Saudi Arabia
- South Africa
- U.A.E
- Other Countries
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1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Type
1.2.2. By Application
1.2.3. By Material
1.2.4. By End-User
1.2.5. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. End-user Type Overview
3.1. End-user Type Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. End-user Type Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of End-user Type Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Type
5.1.1. Single-Mode
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Multi-Mode
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.2. By Application
5.2.1. Infrared Illumination
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Sensing
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. Data Communication
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.2.4. Industrial Heating
5.2.4.1. Market Definition
5.2.4.2. Market Estimation and Forecast to 2030
5.3 By Material
5.3.1. Gallium Arsenide (GaAs)
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Indium Phosphide (InP)
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Gallium Nitride (GaN)
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.4. By End-User
5.4.1. Consumer Electronics
5.4.1.1. Market Definition
5.4.1.2. Market Estimation and Forecast to 2030
5.4.2. IT & Telecom
5.4.2.1. Market Definition
5.4.2.2. Market Estimation and Forecast to 2030
5.4.3. Commercial and Industrial
5.4.3.1. Market Definition
5.4.3.2. Market Estimation and Forecast to 2030
5.4.4. Healthcare and Military
5.4.4.1. Market Definition
5.4.4.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Type
6.2. By Application
6.3. By Material
6.4. By End-User
6.5. By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
6.5.1. U.S. Market Estimate and Forecast
6.5.2. Canada Market Estimate and Forecast
6.5.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Type
7.2. By Application
7.3. By Material
7.4. By End-User
7.5. By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
7.5.1. Germany Market Estimate and Forecast
7.5.2. France Market Estimate and Forecast
7.5.3. U.K. Market Estimate and Forecast
7.5.4. Italy Market Estimate and Forecast
7.5.5. Spain Market Estimate and Forecast
7.5.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Type
8.2. By Application
8.3. By Material
8.4. By End-User
8.5. By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
8.5.1. China Market Estimate and Forecast
8.5.2. Japan Market Estimate and Forecast
8.5.3. India Market Estimate and Forecast
8.5.4. South Korea Market Estimate and Forecast
8.5.5. Singapore Market Estimate and Forecast
8.5.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Type
9.2. By Application
9.3. By Material
9.4. By End-User
9.5. By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
9.5.1. Brazil Market Estimate and Forecast
9.5.2. Saudi Arabia Market Estimate and Forecast
9.5.3. South Africa Market Estimate and Forecast
9.5.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Coherent Corporation
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Types
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Lumentum Operations LLC
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Types
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Vixar Inc (OSRAM AG)
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Types
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. QHamamatsu Photonics KK
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Types
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. TRUMPF Group
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Types
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. Semtech Corporation
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Types
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. IQE plc
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Types
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. SWIN Semiconductors
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Types
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Frankfurt Laser Company
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Types
10.8.4. Financial Insight
10.8.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Products
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global VCSEL Market Size, By Type, 2018-2023 (USD Billion)
Table 5 Global VCSEL Market Size, By Type, 2025-2030 (USD Billion)
Table 6 Global VCSEL Market Size, By Application, 2018-2023 (USD Billion)
Table 7 Global VCSEL Market Size, By Application, 2025-2030 (USD Billion)
Table 8 Global VCSEL Market Size, By Material, 2018-2023 (USD Billion)
Table 9 Global VCSEL Market Size, By Material, 2025-2030 (USD Billion)
Table 10 Global VCSEL Market Size, By End-User, Size, 2018-2023 (USD Billion)
Table 11 Global VCSEL Market Size, By End-User, Size, 2025-2030 (USD Billion)
Table 12 Global VCSEL Market Size, By Region, 2018-2023 (USD Billion)
Table 13 Global VCSEL Market Size, By Region, 2025-2030 (USD Billion)
Table 14 North America VCSEL Market Size, By Type, 2018-2023 (USD Billion)
Table 15 North America VCSEL Market Size, By Type, 2025-2030 (USD Billion)
Table 16 North America VCSEL Market Size, By Application, 2018-2023 (USD Billion)
Table 17 North America VCSEL Market Size, By Application, 2025-2030 (USD Billion)
Table 18 North America VCSEL Market Size, By Material, 2018-2023 (USD Billion)
Table 19 North America VCSEL Market Size, By Material, 2025-2030 (USD Billion)
Table 20 North America VCSEL Market Size, By End-User, Size, 2018-2023 (USD Billion)
Table 21 North America VCSEL Market Size, By End-User, Size, 2025-2030 (USD Billion)
Table 22 North America VCSEL Market Size, By Country, 2018-2023 (USD Billion)
Table 23 North America VCSEL Market Size, By Country, 2025-2030 (USD Billion)
Table 24 Europe VCSEL Market Size, By Type, 2018-2023 (USD Billion)
Table 25 Europe VCSEL Market Size, By Type, 2025-2030 (USD Billion)
Table 26 Europe VCSEL Market Size, By Application, 2018-2023 (USD Billion)
Table 27 Europe VCSEL Market Size, By Application, 2025-2030 (USD Billion)
Table 28 Europe VCSEL Market Size, By Material, 2018-2023 (USD Billion)
Table 29 Europe VCSEL Market Size, By Material, 2025-2030 (USD Billion)
Table 30 Europe VCSEL Market Size, By End-User, Size, 2018-2023 (USD Billion)
Table 31 Europe VCSEL Market Size, By End-User, Size, 2025-2030 (USD Billion)
Table 32 Europe VCSEL Market Size, By Country, 2018-2023 (USD Billion)
Table 33 Europe VCSEL Market Size, By Country, 2025-2030 (USD Billion)
Table 34 Asia-Pacific VCSEL Market Size, by Type, 2018-2023 (USD Billion)
Table 35 Asia-Pacific VCSEL Market Size, by Type, 2025-2030 (USD Billion)
Table 36 Asia-Pacific VCSEL Market Size, By Application, 2018-2023 (USD Billion)
Table 37 Asia-Pacific VCSEL Market Size, By Application, 2025-2030 (USD Billion)
Table 38 Asia-Pacific VCSEL Market Size, By Material, 2018-2023 (USD Billion)
Table 39 Asia-Pacific VCSEL Market Size, By Material, 2025-2030 (USD Billion)
Table 40 Europe VCSEL Market Size, By End-User, Size, 2018-2023 (USD Billion)
Table 41 Europe VCSEL Market Size, By End-User, Size, 2025-2030 (USD Billion)
Table 42 Asia-Pacific VCSEL Market Size, By Country, 2018-2023 (USD Billion)
Table 43 Asia-Pacific VCSEL Market Size, By Country, 2025-2030 (USD Billion)
Table 44 RoW VCSEL Market Size, By Type, 2018-2023 (USD Billion)
Table 45 RoW VCSEL Market Size, By Type, 2025-2030 (USD Billion)
Table 46 RoW VCSEL Market Size, By Application, 2018-2023 (USD Billion)
Table 47 RoW VCSEL Market Size, By Application, 2025-2030 (USD Billion)
Table 48 RoW VCSEL Market Size, By Material, 2018-2023 (USD Billion)
Table 49 RoW VCSEL Market Size, By Material, 2025-2030 (USD Billion)
Table 50 RoW VCSEL Market Size, By End-User, Size, 2018-2023 (USD Billion)
Table 51 RoW VCSEL Market Size, By End-User, Size, 2025-2030 (USD Billion)
Table 52 RoW VCSEL Market Size, By Country, 2018-2023 (USD Billion)
Table 53 RoW VCSEL Market Size, By Country, 2025-2030 (USD Billion)
Table 54 Snapshot – Coherent Corporation
Table 55 Snapshot – Lumentum Operations LLC
Table 56 Snapshot – Vixar Inc (OSRAM AG)
Table 57 Snapshot – Hamamatsu Photonics KK
Table 58 Snapshot – TRUMPF Group
Table 59 Snapshot – Semtech Corporation
Table 60 Snapshot – IQE plc
Table 61 Snapshot – WIN Semiconductors
Table 62 Snapshot – Frankfurt Laser Company
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Products for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global VCSEL Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global VCSEL Market Highlight
Figure 12 Global VCSEL Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 13 Global VCSEL Market Size, By Application 2018 – 2030 (USD Billion)
Figure 14 Global VCSEL Market Size, By Material 2018 – 2030 (USD Billion)
Figure 15 Global VCSEL Market Size, By End-User 2018 – 2030 (USD Billion)
Figure 16 Global VCSEL Market Size, By Region, 2018 – 2030 (USD Billion)
Figure 17 North America VCSEL Market Highlight
Figure 18 North America VCSEL Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 19 North America VCSEL Market Size, By Application 2018–2030 (USD Billion)
Figure 20 North America VCSEL Market Size, By Material 2018–2030 (USD Billion)
Figure 21 North America VCSEL Market Size, By End-User 2018–2030 (USD Billion)
Figure 22 North America VCSEL Market Size, By Country, 2018 – 2030 (USD Billion)
Figure 23 Europe VCSEL Market Highlight
Figure 24 Europe VCSEL Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 25 Europe VCSEL Market Size, By Application 2018 – 2030 (USD Billion)
Figure 26 Europe VCSEL Market Size, By Material 2018 – 2030 (USD Billion)
Figure 27 Europe VCSEL Market Size, By End-User 2018 – 2030 (USD Billion)
Figure 28 Europe VCSEL Market Size, By Country, 2018 – 2030 (USD Billion)
Figure 29 Asia-Pacific VCSEL Market Highlight
Figure 30 Asia-Pacific VCSEL Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 31 Asia-Pacific VCSEL Market Size, By Application 2018 – 2030 (USD Billion)
Figure 32 Asia-Pacific VCSEL Market Size, By Material 2018 – 2030 (USD Billion)
Figure 33 Asia-Pacific VCSEL Market Size, By End-User 2018 – 2030 (USD Billion)
Figure 34 Asia-Pacific VCSEL Market Size, By Country, 2018 – 2030 (USD Billion)
Figure 35 RoW VCSEL Market Highlight
Figure 36 RoW VCSEL Market Size, By Type, 2018 – 2030 (USD Billion)
Figure 37 RoW VCSEL Market Size, By Application 2018 – 2030 (USD Billion)
Figure 38 RoW VCSEL Market Size, By Material 2018 – 2030 (USD Billion)
Figure 39 RoW VCSEL Market Size, By End-User 2018 – 2030 (USD Billion)
Figure 40 RoW VCSEL Market Size, By Country, 2018 – 2030 (USD Billion)
VCSEL Market Coverage
Type Insight and Forecast 2025-2030
- Single-Mode
- Multi-Mode
Application Insight and Forecast 2025-2030
- Infrared Illumination
- Sensing
- Data Communication
- Industrial Heating
Material Insight and Forecast 2025-2030
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP)
- Gallium Nitride (GaN)
End-User Insight and Forecast 2025-2030
- Consumer Electronics
- Automotive
- IT & Telecom
- Commercial and Industrial
- Healthcare and Military
VCSEL Market Region Covered
North America
- By Type
- By Application
- By Material
- By End-User
- By Country – U.S., Canada, and Mexico
Europe
- By Type
- By Application
- By Material
- By End-User
- By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
Asia-Pacific (APAC)
- By Type
- By Application
- By Material
- By End-User
- By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Type
- By Application
- By Material
- By End-User
- By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
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- Coherent Corporation
- Lumentum Operations LLC
- Vixar Inc (OSRAM AG)
- Hamamatsu Photonics KK
- TRUMPF Group
- Semtech Corporation
- IQE plc
- WIN Semiconductors
- Frankfurt Laser Company
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- Research and Analysis
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Global VCSEL Market – Analysis and Forecast (2025-2030)
- The global VCSEL Market promises a growth from USD 1.5 billion in 2023 to USD 3.7 billion by 2030 at a rate of 14.3%.
- The market is segregated by Type, by application, by material, by end-user and by geography where every segment promises speedy growth during the forecast period.
- The VCSEL Market is propelling due to its increasing utilization and adoption of VCSEL in data communication and in automotive electronic applications.
- The high cost of the lasers and rivalry may restrict VCSELs' ability to penetrate the market.
- The North American VCSEL market area dominates the market owing to innovations in advanced technologies and the rise in data communication applications.