IMARC Group, a leading market research company, has recently releases report titled “Vertical Cavity Surface Emitting Laser Market Report by Type (Multi-mode VCSEL, Single-mode VCSEL), Material (Gallium Arsenide, Gallium Nitride, Indium Phosphide, and Others), Wavelength (Red (650-750 nm), Near-infrared (750-1400 nm), Shortwave-infrared (1400-3000 nm)), Application (Sensing, Data Communication, Industrial Heating, Laser Printing, LiDAR, Pulse Oximetry, and Others), End Use Industry (Telecom, Mobile and Consumer, Automotive, Medical, Aerospace and Defense, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the vertical cavity surface emitting laser market growth.
How Big is the Vertical Cavity Surface Emitting Laser Market?
The global vertical cavity surface emitting laser (VCSEL) market size reached US$ 2.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2032, exhibiting a growth rate (CAGR) of 15.7% during 2024-2032.
Industry Overview of Vertical Cavity Surface Emitting Laser
The vertical cavity surface emitting laser (VCSEL) market is primarily driven by the escalating demand for the miniaturization of electronic devices and the increasing product adoption in consumer electronics. Moreover, the surging use of VSCEL in data centers due to the widespread adoption of advanced technologies, such as virtual and augmented reality (VR/AR), Internet of Things (IoT), and artificial intelligence (AI) that increases data traffic rates, is positively influencing the market growth.
Additionally, there has been a rise in the use of VCSEL to deliver high-resolution, larger displays and thin profiles for high-speed data cables connecting a screen to remotely located electronics. In line with this, the rising product use in the automotive sector to manufacture several sensing applications, such as driver fatigue detection and facial and gesture recognition, has catalyzed the market growth.
Furthermore, the increasing use of biometric systems in numerous organizations and the rising number of security breaches are contributing to market growth. Other factors, including increasing product utilization in light detection and ranging (LIDAR) technology, rising medical diagnostic applications, and the emerging trend of self-driving cars, are also anticipated to create a favorable market outlook.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/vertical-cavity-surface-emitting-laser-market/requestsample
What are the growth prospects and trends in the vertical cavity surface emitting laser industry?
The escalating inclination among the masses for low-cost and eco-friendly transportation options is among the key factors driving the low speed electric vehicle market. In addition to this, the expanding automobile industry across the globe and the launch of numerous policies by government bodies aimed at providing relaxation in legal age limits and driver licensing for LSEVs are also positively influencing the global market.
In line with this, the growing availability of purchase subsidies and vehicle purchase and registration tax rebates is acting as another significant growth-inducing factor. Moreover, the increasing need for fuel-efficient and high-performance vehicles to control the rapid depletion of fossil fuels and the rising investments by leading market players in research and development (R&D) activities to introduce low-cost lithium-ion batteries are expected to propel the low speed electric vehicle market over the forecasted period.
Leading Companies Operating in the Global Vertical Cavity Surface Emitting Laser Industry:
- ams AG
- Broadcom Inc.
- II-VI Incorporated
- Inneos LLC
- IQE Plc
- Leonardo Electronics US Inc.
- Lumentum Operations LLC
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- The TRUMPF Group
- TT Electronics Plc
- Vertilas GmbH
- Vertilite Inc.
Vertical Cavity Surface Emitting Laser Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
• Multi-mode VCSEL
• Single-mode VCSEL
Breakup by Material:
• Gallium Arsenide
• Gallium Nitride
• Indium Phosphide
• Others
Breakup by Wavelength:
• Red (650-750 nm)
• Near-infrared (750-1400 nm)
• Shortwave-infrared (1400-3000 nm)
Breakup by Application:
• Sensing
• Data Communication
• Industrial Heating
• Laser Printing
• LiDAR
• Pulse Oximetry
• Others
Breakup by End Use Industry:
• Telecom
• Mobile and Consumer
• Automotive
• Medical
• Aerospace and Defense
• Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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