IMARC Group, a leading market research company, has recently releases report titled “Vertical Cavity Surface Emitting Laser Market Report by Type (Multi-mode VCSEL, Single-mode VCSEL), Material (Gallium Arsenide, Gallium Nitride, Indium Phosphide, and Others), Wavelength (Red (650-750 nm), Near-infrared (750-1400 nm), Shortwave-infrared (1400-3000 nm)), Application (Sensing, Data Communication, Industrial Heating, Laser Printing, LiDAR, Pulse Oximetry, and Others), End Use Industry (Telecom, Mobile and Consumer, Automotive, Medical, Aerospace and Defense, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global vertical cavity surface emitting laser (VCSEL) market.
How Big is the Vertical Cavity Surface Emitting Laser Market?
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.
Industry Overview of Vertical Cavity Surface Emitting Laser
A vertical cavity surface emitting laser (VCSEL) emits optical beams perpendicular to the substrate surface, exhibiting excellent efficiency. Its utilization as a transmitter in optical fiber communications allows for modulation at high frequencies. The combination of a laser mouse and a VCSEL offers remarkable precision in tracking and minimal power usage, making it suitable for battery-operated devices worldwide. Additionally, its substantial output power enables its increasing popularity in miniature optical clocks and compact global positioning system (GPS) devices, further broadening its range of applications.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/vertical-cavity-surface-emitting-laser-market/requestsample
What are the growth prospects and trends in the vertical cavity surface emitting laser industry?
Compared to edge-emitting lasers (EELs) and light-emitting diodes (LEDs), VCSELs offer a compact and cost-effective optical source suitable for numerous applications. This factor, combined with the increasing demand for smaller electronic devices, is a major driver of market growth. Furthermore, the rise in the use of biometric systems in organizations, prompted by the growing number of security breaches, is fueling the adoption of VCSELs. These lasers are employed to map an individual's facial features and store the resulting data as a faceprint.
The integration of high-quality cameras in mobile devices has also contributed to the popularity of facial recognition for authentication and identification purposes. Additionally, VCSELs find application in light detection and ranging (LIDAR) technology, a crucial component in advanced driver assistance systems (ADAS). As the trend of self-driving cars continues to grow, VCSELs are being utilized to provide data for fully autonomous vehicles while maintaining safety standards.
Moreover, ongoing innovations in VCSEL technology are further enhancing product sales in various fields, including machine vision, scientific research, and medical applications. VCSELs are increasingly employed for sensing, imaging, and scanning tasks, contributing to their overall market expansion.
Leading Companies Operating in the Global Vertical Cavity Surface Emitting Laser Industry:
- 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.
Vertical Cavity Surface Emitting Laser Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Multi-mode VCSEL
- Single-mode VCSEL
Breakup by Material:
- Gallium Arsenide
- Gallium Nitride
- Indium Phosphide
- Others
Breakup by Wavelength:
- Red (650-750 nm)
- Near-infrared (750-1400 nm)
- Shortwave-infrared (1400-3000 nm)
Breakup by Application:
- Sensing
- Data Communication
- Industrial Heating
- Laser Printing
- LiDAR
- Pulse Oximetry
- Others
Breakup by End Use Industry:
- Telecom
- Mobile and Consumer
- Automotive
- Medical
- Aerospace and Defense
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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