Vertical Cavity Surface Emitting Laser Market: By Type, By Material, Indium Phosphide, Gallium Nitride, Others), By Wavelength, Shortwave Infrared ), By Application, By Data Rate, By Industry and Geography
Vertical cavity surface emitting laser (VCSEL) market size is valued at US$ 1,847.3 million in 2022 and is poised to grow at a significant CAGR of 17.4% from 2023- 2029. The report provides a detailed overview of the global market, and that can be segmented by Type, by Material, by Wavelength, by Application, by Data Rate, and by Industry. By type, the global Vertical Cavity Surface Emitting Laser market has been segmented into Single-Mode, Multimode. The single mode segment is likely to be the largest and fastest-growing segment in terms of type. Based on material, the global Vertical Cavity Surface Emitting Laser market is segmented into Gallium Arsenide (GaAs), Indium Phosphide (InP), Gallium Nitride (GaN), Others.
Among these, the gallium arsenide (GaAs) segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on wavelength, the global Vertical Cavity Surface Emitting Laser market is segmented into Red, Near-Infrared (NIR), Shortwave Infrared (SWIR). The red segment accounts for the largest share in 2021. Near-Infrared (NIR) segment is the second-largest share during the forecast period 2022-2028. Based on the application, the segment has been segregated into Sensing, Data Communication, Industrial Heating & Laser Printing, LIDAR, Pulse Oximetry, Other Applications.
The sensing segment is expected to dominate other segments in the global Vertical Cavity Surface Emitting Laser market. The data communication segment is expected to witness the highest CAGR during the forecast period according to precision business insights. Based on data rate, the global Vertical Cavity Surface Emitting Laser market is segmented into Upto 10 Gbps, 10.1 to 25 Gbps, and Above 25 Gbps. The upto 10 Gbps segment accounts for the largest share in 2021. Based on industry, the global Vertical Cavity Surface Emitting Laser market is segmented into Consumer Electronics, Data Center, Automotive, Commercial & Industrial, Healthcare, Military, Others. Among these, consumer electronics is the fastest growing segment.
Study Period
2024-2030Base Year
2023CAGR
17.4%Largest Market
North AmericanFastest Growing Market
Asia-Pacific
One of the key factors propelling the growth of the VCSEL market is the increase in the adoption of 3D sensing applications in smartphones. The market is growing due to an increase in the use of VCSELs by wafer makers, testing and inspection companies, and MOCVD system providers, as well as an increase in demand for the diode due to its properties including high efficiency, high speed, and precision.
North America is expected to witness the highest market share during the forecast period. It holds a tremendous potential market for global vertical cavity surface emitting laser due to the increasing number of vertical cavity surface emitting laser dealers.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 1,847.3 million |
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Market CAGR |
17.4% |
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By Type |
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By Material |
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By Wavelength |
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By Application |
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By Region |
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The global Vertical Cavity Surface Emitting Laser market size is valued at US$ 1,847.3 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028.
The key segments covered in the restless leg’s syndrome market are technology, components, application, and end-users.
The vertical cavity surface emitting laser (VCSEL) market key players AMS Technologies AG, Broadcom Inc, Coherent Inc, Finisar Corporation, Lumentum Holdings, Necsel Laser, NeoPhotonics Corporation, Newport Corporation, Philips GmbH Photonics, Santec Corporation, TT Electronics PLC, Vertilas GmbH, Vixar Inc
| 1.Executive Summary |
| 2.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market Introduction |
| 2.1.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market - Taxonomy |
| 2.2.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Material |
| 2.2.3.Wavelength |
| 2.2.4.Application |
| 2.2.5.Region |
| 3.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Single Mode |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Multi Mode |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market By Material, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Gallium Arsenide |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Indium Phosphide |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Gallium Nitride |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market By Wavelength, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Red |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Near-Infrared |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Shortwave Infrared |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Sensing |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Data Communication |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Industrial Heating & Laser Printing |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. LIDAR |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Pulse Oximetry |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Others |
| 8.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.6.3. Market Opportunity Analysis |
| 9.Global Vertical Cavity Surface Emitting Laser (VCSEL) Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Vertical Cavity Surface Emitting Laser (VCSEL) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Single Mode |
| 10.1.2.Multi Mode |
| 10.2. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Gallium Arsenide |
| 10.2.2.Indium Phosphide |
| 10.2.3.Gallium Nitride |
| 10.2.4.Others |
| 10.3. Wavelength Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Red |
| 10.3.2.Near-Infrared |
| 10.3.3.Shortwave Infrared |
| 10.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Sensing |
| 10.4.2.Data Communication |
| 10.4.3.Industrial Heating & Laser Printing |
| 10.4.4.LIDAR |
| 10.4.5.Pulse Oximetry |
| 10.4.6.Others |
| 10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Vertical Cavity Surface Emitting Laser (VCSEL) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Single Mode |
| 11.1.2.Multi Mode |
| 11.2. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Gallium Arsenide |
| 11.2.2.Indium Phosphide |
| 11.2.3.Gallium Nitride |
| 11.2.4.Others |
| 11.3. Wavelength Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Red |
| 11.3.2.Near-Infrared |
| 11.3.3.Shortwave Infrared |
| 11.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Sensing |
| 11.4.2.Data Communication |
| 11.4.3.Industrial Heating & Laser Printing |
| 11.4.4.LIDAR |
| 11.4.5.Pulse Oximetry |
| 11.4.6.Others |
| 11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12.Asia Pacific (APAC) Vertical Cavity Surface Emitting Laser (VCSEL) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Single Mode |
| 12.1.2.Multi Mode |
| 12.2. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Gallium Arsenide |
| 12.2.2.Indium Phosphide |
| 12.2.3.Gallium Nitride |
| 12.2.4.Others |
| 12.3. Wavelength Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Red |
| 12.3.2.Near-Infrared |
| 12.3.3.Shortwave Infrared |
| 12.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Sensing |
| 12.4.2.Data Communication |
| 12.4.3.Industrial Heating & Laser Printing |
| 12.4.4.LIDAR |
| 12.4.5.Pulse Oximetry |
| 12.4.6.Others |
| 12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Vertical Cavity Surface Emitting Laser (VCSEL) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Single Mode |
| 13.1.2.Multi Mode |
| 13.2. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Gallium Arsenide |
| 13.2.2.Indium Phosphide |
| 13.2.3.Gallium Nitride |
| 13.2.4.Others |
| 13.3. Wavelength Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Red |
| 13.3.2.Near-Infrared |
| 13.3.3.Shortwave Infrared |
| 13.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Sensing |
| 13.4.2.Data Communication |
| 13.4.3.Industrial Heating & Laser Printing |
| 13.4.4.LIDAR |
| 13.4.5.Pulse Oximetry |
| 13.4.6.Others |
| 13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Vertical Cavity Surface Emitting Laser (VCSEL) Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 14.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Single Mode |
| 14.1.2.Multi Mode |
| 14.2. Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Gallium Arsenide |
| 14.2.2.Indium Phosphide |
| 14.2.3.Gallium Nitride |
| 14.2.4.Others |
| 14.3. Wavelength Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Red |
| 14.3.2.Near-Infrared |
| 14.3.3.Shortwave Infrared |
| 14.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Sensing |
| 14.4.2.Data Communication |
| 14.4.3.Industrial Heating & Laser Printing |
| 14.4.4.LIDAR |
| 14.4.5.Pulse Oximetry |
| 14.4.6.Others |
| 14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.AMS Technologies AG |
| 15.2.2.Broadcom Inc |
| 15.2.3.Coherent Inc |
| 15.2.4.Finisar Corporation |
| 15.2.5.Lumentum Holdings |
| 15.2.6.Necsel Laser |
| 15.2.7.NeoPhotonics Corporation |
| 15.2.8.Newport Corporation |
| 15.2.9.Philips GmbH Photonics |
| 15.2.10.Santec Corporation |
| 15.2.11.TT Electronics PLC |
| 15.2.12.Vertilas GmbH |
| 15.2.13.Vixar Inc |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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