VCSEL Market by Size, Share, Forecasts and Trends Analysis 2023-2028

  IMARC Group has recently released a new research study titled, “Vertical Cavity Surface Emitting Laser (VCSEL) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global vertical cavity surface emitting laser market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.

What are the growth prospects of the vertical cavity surface emitting laser (VCSEL) industry?

The global vertical cavity surface emitting laser (VCSEL) market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 17.4% during 2023-2028.

What is a vertical cavity surface emitting laser (VCSEL)?

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.




What are the major market drivers in the vertical cavity surface emitting laser (VCSEL) market? 

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.

Get the table of contents with all detailed information: https://www.imarcgroup.com/vertical-cavity-surface-emitting-laser-market

Vertical Cavity Surface Emitting Laser Market Report Scope
Report CoverageDetails
Market size value in 2022US$ 1.7 Billion
Market forecast in 2028US$ 4.5 Billion
Growth RateCAGR of 17.4% from 2023 to 2028
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027

Report Segmentation: 

The report has segmented the market on the basis of region, type, material, wavelength, application and end use industry.

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
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

List of Major Key Players: 

The major players in the market are 
  • 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
 

Browse Other Reports:

Liquid Soap Market Growth, Trends, Analysis Report 2023-2028
Oriented Strand Board (OSB) Market Growth, Industry Report, Analysis 2023-2028
Neurology Devices Market Size, Share and Industry Report 2023-2028
Mobile Imaging Services Market Trends, Global Industry Size and Forecast 2023-2028
India Used Cooking Oil Market Report, Industry Growth, Demand 2023-2028
India Packaged Jaggery Market 2023:  Industry Research Report 2028
Global Transparent Ceramics Market Size, Share, Industry Growth Report 2023-2028
Population Health Management Market Size, Share, Revenue Trends, Report 2023-2028
Folding Bikes Market 2023: Companies Report, Trends, Analysis 2028





Comments

Post a Comment

Popular posts from this blog

Reverse Logistics Market Size, Trends, Top Companies, Growth, Industry Share, Report and Forecast till 2022-2027

Image
   The latest research study “ Reverse Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that t he global reverse logistics market reached a value of US$ 563.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 812.6 Billion by 2027, exhibiting at a CAGR of 5.80% during 2022-2027. Reverse logistics refers to a supply chain management technique that transports goods from customers back to the sellers or manufacturers. It involves refurbishment, recycling, reselling restocked items, and reclamation of raw materials. Reverse logistics also consists of the management and sale of returned and surplus equipment and machines. It contains various steps, such as processing, dealing with returns, maintaining the movement of returns, recycling, and repairing. Reverse logistics provides improved brand image, greater customer satisfaction, enhanced sustainability, reduced waste, and...
Read more

Orthodontics Market Size, Industry Share, Growth Research Report and Forecast till 2023-2028

Image
 IMARC Group has recently released a new research study titled, “ Orthodontics  Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ,” offers a comprehensive analysis of the industry, which comprises insights on the  global  Orthodontics  market . The report also includes competitor and regional analysis, and contemporary advancements in the market. How Much is the Orthodontics Industry Worth? The  global orthodontics market size reached   US$ 5.4 Billion in 2022 . Looking forward, IMARC Group expects the market to reach  US$ 8.0 Billion by 2028 , exhibiting a  growth rate (CAGR) of 6.55% during 2023-2028 . What is Orthodontics? Orthodontics treatment procedures mainly deal with the effective diagnosis, interception, and prevention of dental and jaw misalignment and correcting them if required. They involve the usage of several tools and devices, such as brackets, anchorage appliances, bands ...
Read more

Defoaming Coating Additives Market 2022-27: Industry Size, Share, Growth, Opportunity and Forecast

Image
 According to the latest report by IMARC Group, titled “ Defoaming Coating Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” offers a comprehensive analysis of the industry, which comprises insights on the  global defoaming coating additives market size . The report also includes competitor and regional analysis, and contemporary advancements in the market. The global defoaming coating additives market is expected to exhibit a  CAGR of 6.40%  during 2022-2027. Defoaming coating additives prevent the development of foam in resins, paints, ink, lacquers, and adhesives to ensure a finished look on the surface of the buildings. Due to their assistance in enhancing the adhesion and increasing resistance against salt water and moisture, they find extensive application in furniture, construction, and automotive industries. Some common coating additives include alcohols, silicon (Si), stearates, glycols, insoluble oils,...
Read more