Enjoy complimentary customisation on priority with our Enterprise License!
The vertical cavity surface emitting laser (VCSEL) market share is expected to increase by USD 1.60 billion from 2021 to 2026, and the market's growth momentum will decelerate at a CAGR of 17.41%.
This VCSEL market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers VCSEL market segmentation by application (mobile and consumer, telecom and infrastructure, industrial, and others) and geography (APAC, North America, Europe, South America, and MEA). The VCSEL market report also offers information on several market vendors, including ams AG, Broadcom Inc., Frankfurt Laser Co., II-VI Inc., Leonardo Spa, Lumentum Holdings Inc., Santec Corp., TRUMPF GmbH + Co. KG, VERTILAS GmbH, and Vertilite Co. Ltd. among others.
Download the Free Report Sample to Unlock the VCSEL Market Size for the Forecast Period and Other Important Statistics
The growing demand for VCSEL based LiDAR technology is notably driving the vertical cavity surface emitting laser? market growth, although factors such as limited range of data transmission with VCSEL may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the VCSEL industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key VCSEL Market Driver
One of the key factors driving growth in the VCSEL market is the growing demand for VCSEL based LiDAR technology. The growing prominence of VCSEL in consumer and automotive LiDAR technology offers several advantages in the engineering industry, including improved productivity of teams and process efficiency and the accurate estimation of project costs. Using point cloud data analysis, construction teams can better understand the machinery and equipment required to complete the construction. Moreover, VCSEL based LiDAR technology can be used to survey the construction site to gather information, which allows engineers to assess the suitability of the site for construction. Such pre-analyses at construction sites offer significant cost reductions, which has made LiDAR technology extremely valuable and is widely applicable in construction and engineering applications. This is expected to drive the growth of the market in focus during the forecast period.
Key VCSEL Market Challenge
The limited range of data transmission with VCSEL will be a major challenge for the VCSEL market during the forecast period. The data rates achieved in optical communication are significantly high for VCSEL, with the newest devices transmitting over 50Gbps. Multimode fiber (MMF) is designed to control at 850 and 1,300nm wavelength, whereas 850nm is the average wavelength for VCSELs. However, signal attenuation is higher in MMF than VCSELs. In most VCSEL, the signal attenuation range is up to 300 m. Therefore transmitting data using VCSELs over long distances can lead to the weakening of the signal. Attenuation is higher for data communication over longer distances, resulting in signal losses, affecting performance. So, VCSELs are not a viable option for long-range communication. Other limitations of VCSELs include large frequency chirp and limited modulation performance, limiting data transmission speed and distance. Such factors may restrict the adoption of VCSEL.
This VCSEL market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the VCSEL market encompasses successful business strategies deployed by the key vendors. The vertical cavity surface emitting laser market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The VCSEL market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
For more insights on the market share of various regions Request for a FREE sample now!
41% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for VCSEL in APAC. However, the market growth rate in APAC will be slower than the growth of the market in other regions.
Countries from APAC, such as China, India, Japan, and South Korea, are witnessing rapid adoption of advanced technology across various industries, including mobile and consumer, telecommunication, geospatial mapping, and automotive. This will facilitate the VCSEL market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
To gain further insights on the market contribution of various segments Request for a FREE sample
The VCSEL market share growth by the mobile and consumer segment will be significant during the forecast period. The growing adoption of LiDAR technology in various smartphone platforms will propel the segment growth. The rising adoption of solid-state drive technology in 3D sensing and facial recognition is also expected to accelerate the demand for VCSEL.
This report provides an accurate prediction of the contribution of all the segments to the growth of the vertical cavity surface emitting laser market size and actionable market insights on post COVID-19 impact on each segment.
VCSEL Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 17.41% |
Market growth 2022-2026 |
$ 1.60 billion |
Market structure |
Fragmented |
YoY growth (%) |
24.62 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 41% |
Key consumer countries |
China, US, Japan, Germany, and Mexico |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ams AG, Broadcom Inc., Frankfurt Laser Co., II-VI Inc., Leonardo Spa, Lumentum Holdings Inc., Santec Corp., TRUMPF GmbH + Co. KG, VERTILAS GmbH, and Vertilite Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.