Global Single Mode Vertical Cavity Surface Emitting Laser (VCSEL) Market, By Fabrication Method (Selective Oxidation, ION Implantation), Technology (DOT Projector, Time-of-Flight (TOF), Flood Illuminator), Material (Gallium Arsenide (GAAS), Indium Phosphide (INP), Others), Wavelength (Red, Near Infrared (NIR), Short Wave Infrared (SWIR)), Application (Sensing, Data Communication, Industrial Heating & Laser Printing, Emerging & Other Applications), Data Rate (Up to 10 GBPS, 10.1 to 25 GBPS, Above 25 GBPS), End User (Consumer Electronics, Automotive, Healthcare, Industrial, Military, IT & Telecom, Others) – Industry Trends and Forecast to 2029.
Single Mode Vertical Cavity Surface Emitting Laser (VCSEL) Market Analysis and Size
Data traffic rates in data centres have increased due to the increasing adoption of emerging technologies such as Virtual/Augmented Reality (VR/AR), Artificial Intelligence (AI), and the Internet of Things (IoT). This will increase the demand for high-end optical interconnect infrastructure, such as vertical-cavity surface-emitting lasers (VCSEL), in data centres to deliver high-speed data rates of up to 400 Gbit/s. Companies are constantly developing new products to meet the increasing demand for high-speed communication networks, creating new opportunities for market growth.
Data Bridge Market Research analyses that the single mode vertical cavity surface emitting laser (VCSEL) market which was growing at a value of 1.39 billion in 2021 and is expected to reach the value of USD 5.19 billion by 2029, at a CAGR of 17.90% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Single Mode Vertical Cavity Surface Emitting Laser (VCSEL) Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Fabrication Method (Selective Oxidation, ION Implantation), Technology (DOT Projector, Time-of-Flight (TOF), Flood Illuminator), Material (Gallium Arsenide (GAAS), Indium Phosphide (INP), Others), Wavelength (Red, Near Infrared (NIR), Short Wave Infrared (SWIR)), Application (Sensing, Data Communication, Industrial Heating & Laser Printing, Emerging & Other Applications), Data Rate (Up to 10 GBPS, 10.1 to 25 GBPS, Above 25 GBPS), End User (Consumer Electronics, Automotive, Healthcare, Industrial, Military, IT & Telecom, Others) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Lumentum Holdings Inc. (U.S.), Coherent Corp. (U.S.), ams AG (Austria), Broadcom Inc. (U.S.), TRUMPF GmbH + Co. KG (Germany), Santec Corporation (Japan), IQE PLC (U.K.), VERTILAS GmbH (Germany), Vertilite Co., Ltd (China), Teledyne FLIR LLC (U.S.), Thorlabs, Inc. (U.S.), Leonardo S.p.A. (Italy), TT Electronics plc (U.K.), Agiltron Inc. (U.S.), and Inneos LLC (U.S.). |
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Opportunities |
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Market Definition
A vertical cavity surface emitting laser (VCSEL) is a laser diode that emits highly efficient optical beams perpendicular to the substrate's surface. It can be modulated with high frequencies and is a transmitter in optical fibre communications. VCSEL with a laser mouse has high tracking precision while consuming little power, it is finding use in battery-powered devices all over the world.
Global Single Mode Vertical Cavity Surface Emitting Laser (VCSEL) Market Dynamics
Drivers
- High prevalence of miniature electronic devices
In comparison to edge-emitting lasers (EELs) and light-emitting diodes, VCSELs provide a compact and cost-effective optical source for a wide range of applications (LEDs). This, together with the increasing demand for miniature electronic devices, is one of the key factors driving market growth. Furthermore, the increased use of biometric systems in various organizations as a result of increasing security breaches is catalyzing the adoption of VCSELs for mapping an individual's facial features and storing the data as a faceprint. This is also due to the inclusion of high-quality cameras in mobile devices, which makes facial recognition a viable option for authentication and identification.
- Growing demand from automotive industry
Light detection and ranging (LIDAR) technology, which is a critical component in advanced driver assistance systems, can use VCSELs (ADAS). Furthermore, the growing popularity of self-driving cars is encouraging the use of VCSELs to provide data for fully autonomous vehicles without jeopardizing their safety. Furthermore, advancements in VCSEL technology are increasing overall product sales for sensing, imaging, and scanning applications in a variety of fields, including machine vision, scientific, and medical.
Opportunities
- Product advancements
Rising consumer electronics demand, laser-based hard disc drives, and technological advancements will all contribute to the growth of the single mode Vcsel market during the forecast period.
Restraints
- Range limitations
In the forecasted period, market restraints for single mode Vcsel include limited data transmission range and gallium nitride limitations.
This single mode vertical cavity surface emitting laser (VCSEL) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the single mode vertical cavity surface emitting laser (VCSEL) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Single Mode Vertical Cavity Surface Emitting Laser (VCSEL) Market
The COVID-19 has significantly impacted the VCSEL market due to the shutdown of several automotive and consumer electronics facilities. China, India, South Korea, and Taiwan are major semiconductor and electronics-producing countries. Because of the COVID-19 outbreak in these areas, the majority of foreign manufacturers have temporarily halted production or relocated their facilities to less affected areas. The decline in consumer purchasing power, combined with a drop in per capita income, has also had an impact on production capabilities, limiting market opportunities for vertical-cavity surface-emitting lasers. However, the growing trend of working from home and online education has increased demand for computing devices such as laptops and smartphones, creating industry growth opportunities.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In March 2021 Lumentum (U.S.) announced the release of five and six junction VCSEL array products for advanced consumer, automotive, and other 3D sensing applications.
- In February 2021 IIVI Incorporated (U.S.) launched its VCSEL flood illuminator modules for vehicle driver and occupancy monitoring systems. The VCSEL flood illumination modules combine VCSEL chips, photodiodes, and diffuser optics to provide customers with a higher level of vertical integration and value.
- In January 2021 Ams announced the release of its VCSEL IR emitter family for the industrial mass market in 2D and 3D sensing. The EGA2000 flood illuminators combine VCSEL and optical packaging technologies to provide optimal performance in detection and ranging applications.
Global Single Mode Vertical Cavity Surface Emitting Laser (VCSEL) Market Scope
The single mode vertical cavity surface emitting laser (VCSEL) market is segmented on the basis of the fabrication method, technology, material, wavelength, data rate, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Fabrication method
- Selective Oxidation
- ION Implantation
Technology
- DOT Projector
- Time-of-Flight (TOF)
- Flood Illuminator
Material
- Gallium Arsenide (GAAS)
- Indium Phosphide (INP)
- Others
Wavelength
- Red
- Near Infrared (NIR)
- Short Wave Infrared (SWIR)
Application
- Sensing
- Data Communication
- Industrial Heating & Laser Printing
- Emerging & Other Applications
Data rate
- Up to 10 GBPS
- 10.1 to 25 GBPS
- Above 25 GBPS
End use
- Consumer Electronics
- Automotive
- Healthcare
- Industrial
- Military
- IT & Telecom
- Others
Single Mode Vertical Cavity Surface Emitting Laser (VCSEL) Market Regional Analysis/Insights
The single mode vertical cavity surface emitting laser (VCSEL) market is analysed and market size insights and trends are provided by country, fabrication method, technology, material, wavelength, data rate, application and end user as referenced above.
The countries covered in the single mode vertical cavity surface emitting laser (VCSEL) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America has the largest market share in the global single mode vertical cavity surface emitting laser (VCSEL) market. The expansion of enterprise mobility and extensive wireless connectivity in countries such as the United States, Canada, and Mexico is driving the growth of the market in this region. The advancement of advanced technologies and the expansion of data communication applications are creating enormous growth opportunities for the market in this region.
Asia-Pacific had the fastest growing market share due to an increase in data centres as well as increased demand for consumer electronics and premium automobiles. Furthermore, ASPC is expected to grow at the fastest rate during the forecast period due to lucrative opportunities provided by countries such as China, India, Singapore, South Korea, and Japan. Due to advanced telecom infrastructure and government support, these countries are emerging as data centre hubs.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Single Mode Vertical Cavity Surface Emitting Laser (VCSEL) Market Share Analysis
The single mode vertical cavity surface emitting laser (VCSEL) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to single mode vertical cavity surface emitting laser (VCSEL) market.
Some of the major players operating in the single mode vertical cavity surface emitting laser (VCSEL) market are:
- Lumentum Holdings Inc. (U.S.)
- Coherent Corp. (U.S.)
- ams AG (Austria)
- Broadcom Inc. (U.S.)
- TRUMPF GmbH + Co. KG (Germany)
- Santec Corporation (Japan)
- IQE PLC (U.K.)
- VERTILAS GmbH (Germany)
- Vertilite Co., Ltd (China)
- Teledyne FLIR LLC (U.S.)
- Thorlabs, Inc. (U.S.)
- Leonardo S.p.A. (Italy)
- TT Electronics plc (U.K.)
- Agiltron Inc. (U.S.)
- Inneos LLC (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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