Global Vertical Cavity Surface Emitting Laser Vcsel Market Overview 2024, Forecast To 2033
8 Mar, 2024
The vertical cavity surface-emitting laser (VCSEL) market has experienced rapid growth, increasing from $2.12 billion in 2023 to $2.42 billion in 2024, with a CAGR of 13.9%. This growth is driven by applications in optical interconnects and medical devices. Forecasts indicate continued rapid growth, with the market expected to reach $3.95 billion in 2028, boasting a CAGR of 13.0%. Key drivers include expansion of 5G networks and advancements in biomedical devices. Major trends include standardization and interoperability, along with environmental monitoring solutions.
Global Vertical Cavity Surface Emitting Laser VCSEL Market Key Driver
Cloud computing's expansion is fueling growth in the VCSEL market. VCSELs enhance data communication performance in cloud computing, supporting high-speed and energy-efficient transmission. The increasing adoption of cloud computing, as reported by Eurostat, indicates a growing demand for VCSEL technology, particularly in EU enterprises utilizing cloud services for various purposes.
Get A Free Sample Of The Global Vertical Cavity Surface Emitting Laser VCSEL Market ReportGlobal Vertical Cavity Surface Emitting Laser VCSEL Market Segments
The vertical cavity surface-emitting laser (vcsel) market covered in this report is segmented –
1) Type:Single Mode, Multimode
2) Material:Gallium Arsenide (GaAs), Indium Phosphide (InP), Gallium Nitride, Other Materials
3) Wavelength:Red (650-750 nm), Near-Infrared (750-1400 nm), Shortwave-Infrared (1400-3000 nm)
4) Application:Sensing, Data Communication, Infrared Illumination, Industrial Heating, Pumping, Other Applications
5) Industry:Consumer Electronics, Automotive, Data Center, Commercial And Industrial, Healthcare, Military
By Geography: The countries covered in the vertical cavity surface-emitting laser (vcsel) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Vertical Cavity Surface Emitting Laser VCSEL Industry Players
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
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Vertical Cavity Surface Emitting Laser VCSEL Market Overview
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.