Vertical Cavity Surface Emitting Laser (VCSEL) Market by Application and Geography - Forecast and Analysis 2022-2026

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.

What will the VCSEL Market Size be During the Forecast Period?

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VCSEL Market: Key Drivers and Challenges

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.

Who are the Major VCSEL Market Vendors?

The report analyzes the market's competitive landscape and 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
• Vertilite Co. Ltd.

 

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. 

Which are the Key Regions for VCSEL Market?

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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.

What are the Revenue-generating Application Segments in the VCSEL Market?

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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.

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What are the Key Data Covered in this VCSEL Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive VCSEL market growth during the next five years
• Precise estimation of the VCSEL market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the vertical cavity surface emitting laser industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of vertical cavity surface emitting laser market vendors

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