The global vertical cavity surface emitting laser (VCSEL) market size reached US$ 2.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2032, exhibiting a growth rate (CAGR) of 15.7% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Vertical Cavity Surface
Emitting Laser Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2024-2032," the global vertical cavity surface
emitting laser (VCSEL) market size reached US$ 2.0 Billion in 2023.
Vertical cavity surface emitting laser (VCSEL) refers to a semiconductor-based
laser diode-emitting optical beam that emits optical rays perpendicular to the
surface of the substrate. It consists of a laser diode and a monolithic resonator
that emits light to the chip or laser surface. It is widely used in datacom
applications, facial recognition and depth camera, optical mouse, iris scans,
proximity sensing, laser autofocus and gesture recognition applications.
VCSEL is also used as a transmitter in optical fiber communications as it can
be modulated with high frequencies. It offers numerous advantages, such as
uniformity, temperature sensitivity, wavelength stability and spectral width. It is
also capable of providing unmatched scalability and is highly cost-effective. As
a result, VCSEL finds extensive applications across automotive, medical,
telecommunications, aerospace, and defense industries.
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4. Report Description
Global Vertical Cavity Surface Emitting Laser Market Trends:
The widespread product adoption in consumer electronics and the increasing demand for miniaturization of
electronic devices across the globe are creating a positive outlook for the market. VCSEL is widely used to
deliver thin profiles, high-resolution, larger displays for high-speed data cables that connect a screen to remotely
located electronics. Additionally, the increasing product utilization in the automotive industry for manufacturing
various sensing applications, such as driver fatigue detection and facial and gesture recognition, is favoring the
market growth.
Apart from this, the widespread adoption of VCSEL in data centers due to the increasing adoption of emerging
technologies, such as artificial intelligence (AI), virtual and augmented reality (VR/AR) and the Internet of Things
(IoT), which, in turn, has accelerated data traffic rates, are providing a considerable boost to the market growth.
Moreover, the growing instances of security breaches and increasing utilization of biometric systems in various
organizations are further augmenting the market growth. Other factors, including the rising product demand in
medical diagnostic applications and the widespread product utilization in light detection and ranging (LIDAR)
technology, are anticipated to drive the market further toward growth.
Looking forward, the market is anticipated to reach a value of US$ 7.5 Billion by 2032, growing at a CAGR
of 15.7% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/vertical-cavity-surface-emitting-laser-
market
6. Report
Segmentation
Breakup by Application:
• Sensing
• Data Communication
• Industrial Heating
• Laser Printing
• LiDAR
• Pulse Oximetry
• Others
Breakup by End Use Industry:
• Telecom
• Mobile and Consumer
• Automotive
8. Competitive
Landscape with
Key Players
• ams AG
• Broadcom Inc.
• II-VI Incorporated
• Inneos LLC
• IQE Plc
• Leonardo Electronics US Inc.
• Lumentum Operations LLC
• Teledyne FLIR LLC (Teledyne Technologies
Incorporated)
• The TRUMPF Group
• TT Electronics Plc
• Vertilas GmbH
• Vertilite Inc.
9. Key Questions
Answered in
the Report
What was the size of the global vertical cavity surface
emitting laser (VCSEL) market in 2023?
What is the expected growth rate of the global vertical cavity
surface emitting laser (VCSEL) market during 2024-2032?
What are the key factors driving the global vertical cavity
surface emitting laser (VCSEL) market?
What has been the impact of COVID-19 on the global vertical
cavity surface emitting laser (VCSEL) market?
What is the breakup of the global vertical cavity surface
emitting laser (VCSEL) market based on the type?
What is the breakup of the global vertical cavity surface
emitting laser (VCSEL) market based on the material?
10. Key Questions
Answered in
the Report
What is the breakup of the global vertical cavity surface
emitting laser (VCSEL) market based on the wavelength?
What is the breakup of the global vertical cavity surface
emitting laser (VCSEL) market based on the application?
What are the key regions in the global vertical cavity surface
emitting laser (VCSEL) market?
Who are the key players/companies in the global vertical
cavity surface emitting laser (VCSEL) market?
11. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vertical Cavity Surface Emitting Laser Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Multi-mode VCSEL
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Single -mode VCSEL
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
7 Market Breakup by Material
7.1 Gallium Arsenide
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
12. Table of
Contents
7.2 Gallium Nitride
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Indium Phosphide
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
7.4 Others
7.4.1 Mark et Trends
7.4.2 Market Forecast
8 Market Breakup by Wavelength
8.1 Red (650-750 nm)
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Near-infrared (750-1400 nm)
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 Shortwave-infrared (1400 -3000 nm)
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
9 Market Breakup by Application
9.1 Sensing
9.1.1 Mark et Trends
9.1.2 Mark et Forecast
9.2 Data Communication
9.2.1 Mark et Trends
9.2.2 Mark et Forecast
9.3 Industrial Heating
9.3.1 Market Trends
9.3.2 Mark et Forecast
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