Vertical Cavity Surface-Emitting Laser (VCSEL) Market Size, Share Analysis, Overview 2024-2033

Vertical Cavity Surface Emitting Lasers (VCSEL) are semiconductor lasers, or more precisely laser diodes with monolithic laser resonator, where the light emitted leaves the device in a perpendicular direction to the chip surface. This is in contrast to the conventional edge-emitting lasers where the beam is emitted by splitting the single chip out of the wafer. VCSELs have a number of advantages over its conventional counterparts.

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These include high compatibility with other circuitry and detectors, high reliability, scalability, package ability, and consumption of low power. Moreover, manufacturers prefer VCSELs because it can be tested at a number stages throughout the production process to check for processing issues and material quality. This is a key advantage of VCSELs over edge-emitting lasers and helps in lowering significant production cost. The above mentioned advantages increase the demand for VCSELs and boost the global VCSELs market. 

The growth of the VCSELs market can also be attributed to the increasing rate of adoption of VCSELs in emerging applications, such as atomic clocks, GPS, magnetometers, and proximity sensing.

The global VCSELs market is segmented on the basis of raw materials, applications, and geography. By raw materials the global VCSELs market is segmented into gallium nitride (GaN) indium phosphide (InP), gallium arsenide (GaAs), and others (AlGaAs, InGaAsN, etc.). The gallium arsenide (GaAs) based VCSELs hold a significant share of the market and is expected to so during the forecast period. The gallium nitride (GaN) based VCSELs have a number of advantages but suffer from lack of conductivity due to which its growth will be limited. Indium phosphide (InP) based VCSELs have great potential and is expected to grow with a significant CAGR. 

On the basis of applications the global VCSELs market is categorized into eight parts. These include chip scale atomic clocks, biological tissue analysis, computer mice, laser printers, absorption spectroscopy, analog broadband signal transmission, and optical fiber data transmission. By applications optical fiber data transmission holds the largest market share and is expected to hold its position during the forecasted period from 2016 to 2024. Laser printers hold the second largest market share followed by computer mice. Chip scale atomic clocks is relatively new application of VCSELs but is expected to gain popularity during the forecast period. Biological tissue analysis is also a potentially attractive market for VCSEL especially with the rise in the public awareness regarding health issues and the increase in the incidence of diseases, such as cancer. 

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By geography, the VCSELs market has been classified into four regions namely Asia Pacific, Europe, North America, and Rest of the World (RoW). Currently, Europe held the major share of the market, followed by North America, Asia Pacific and Rest of the World (RoW). Countries of Europe are bouncing back from the recent depression and as the economy is stabilizing it is strengthening the VCSEL market in this region. The VCSEL market in North America is expected to grow and remain strong during the forecast period from 2016 to 2024. With emerging economies like that of India, China, and Japan the VCSEL market in Asia Pacific is expected to be the most attractive during the forecasted period. Countries in Rest of the World (RoW), which includes countries in South America, Middle East, and Latin America are also showing promise and the growth of VCSELs market in this part of the world is expected to be impressive. 

Key players profiled in this report include IQE Public Limited Company (United Kingdom), Finisar Corporation (United States), Broadcom Ltd (Singapore), II-VI Incorporated (United States), Coherent, Inc (United States), Panasonic Corporation (Japan), Newport Corporation (United States), Royal Philips Electronic N.V (Netherlands), Princeton Optronics, Inc. (United States), and Lumentum Holdings, Inc. (United States).

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The segments covered in the VCSELs market are as follows:
Global VCSELs Market: By Raw Materials
• Gallium Nitride (GaN)
• Gallium Arsenide (GaAs)
• Indium Phosphide (InP)
• Others (InGaAsN, AlGaAs, etc.)
Global VCSELs Market: By Applications
• Optical fiber data transmission
• Analog broadband signal transmission
• Absorption Spectroscopy
• Laser printers
• Computer mice 
• Biological tissue analysis
• Chip scale atomic clocks
• Other applications
Global VCSELs Market: By Geography
• North America
 U.S.
 Canada
 Mexico
• Europe
 U.K.
 Germany
 France 
 Italy
 Rest of Europe
• Asia Pacific
 India
 China
 Japan
 Rest of Asia Pacific
• Rest of the World (RoW)
 Middle East
 Latin America
 Africa

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The Global VCSEL Market size is estimated to be USD 2.62 billion in 2019 and is predicted to reach USD 12.79 billion by 2030 with a CAGR of 15.5% from 2020-2030.VCSEL is a vertical cavity surface emitting laser which is type of semiconductor lasers and are mostly used in communication sectors but it has a wide applications.

These VCSEL emits high power optical laser from the vertical surface and operates within the wavelength of 850 nm to 1310 nm and it has a data transmission rate of 2.12-150 Gbps.Access Full Description of this report at:- https://www.nextmsc.com/report/vcsel-marketTop Companies: Alight Technologies APS, Sumitomo Electric Industries Ltd, Panasonic Corporation, Finisar Corporation, ams AG, Philips Photonics (TRUMPF Group), Frankfurt Laser Company, II-VI Laser Enterprise GmbH, Coherent Inc., Broadcom Inc., Vertilas GmbH, OSRAM Opto Semiconductors GmbH, Lumentum Operations LLC (Lumentum Holdings Inc.), PD-LD Inc and others.The global VCSEL market share is analyzed on the basis of type, application, material, end user, and geography.

On the basis of application, the market is segmented into Data Communication, Sensing, Infrared Illumination, Pumping, Industrial Heating, and Emerging Applications.

Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Request free sample copy of this report at:- https://www.nextmsc.com/vcsel-market/request-sampleNorth America is expected to denote the largest market share owing to the increased adoption of VCSEL in data communication.

Furthermore, presence of advanced technology coupled with increased demand of developed infrastructure and increase in automotive and consumer electronics are further expected to fuel the growth of VCSEL market over the forecast period.

Asia Pacific is expected to show tremendous growth over the forecast period owing to the wide application increased demand of automation and efficient communication coupled with increase in research and development activities innovation are anticipated to propel the market growth.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.

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Some of the laser products that use the technology are face ID, fiber optics communications, computer mice, etc.Vertical Cavity Surface-Emitting Laser VS. Edge-Emitting LaserThe product enjoys certain advantages over the production of edge-emitting lasers.

However, VCSEL can be tested through the stages of the production process.The processing materials are wasted if edge-emitting lasers fail to perform efficiently.

Material quality, as well as processing issues, can be checked for VCSELs throughout the process, thus, creating way for rectification.Although the product offers benefits as compared to production of conventional lasers, its production process is material intensive and more labor.Applications of Vertical Cavity Surface-Emitting LaserThe applications range of VCSEL has been widening in recent times.

Rising penetration of these devices is poised to boost demand for VCSEL over the next couple of years.Key players are working on strategies that can improve sale.

In 2019, NXP Semiconductors NV, an American Dutch semiconductor provider, and Movandi, a reputed venture based startup in Irvine and Lindfield, collaborated to provide millimeter wave solutions for 5G network.

The partnership offered benefits of NXP’s digital networking with Movandi’s innovative RF transceiver.

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