PUBLISHER: Persistence Market Research | PRODUCT CODE: 1454813
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1454813
Vertical-Cavity Surface-Emitting Lasers Market by Product Type, End-Users, & Geography (North America, Europe, Asia Pacific, Latin America, & the Middle East & Africa): Global Industry Analysis, Size, Share, Growth, Trends, & Forecast, 2023-2030
Persistence Market Research has conducted a thorough analysis of the Vertical-Cavity Surface-Emitting Lasers Market, providing a comprehensive report detailing its global landscape. This in-depth publication offers valuable insights into the market's dynamics, trends, opportunities, and challenges, providing a comprehensive overview of its structure. Backed by exclusive data and statistics, the research predicts the anticipated growth trajectory of the Vertical-Cavity Surface-Emitting Lasers Market spanning from 2023 to 2030.
The global market for vertical-cavity surface-emitting lasers is projected to grow at a compound annual growth rate (CAGR) of 15.7%, reaching a valuation of US$5.4 billion by 2030, up from US$1.9 billion in 2023.
Key Insights:
- Vertical-Cavity Surface-Emitting Lasers Market Size (2023E): US$1.9 Bn
- Projected Market Value (2030F): US$5.4 Bn
- Global Market Growth Rate (CAGR 2023 to 2030): 15.7%
- Historical Market Growth Rate (CAGR 2018 to 2022): 13.2%
Vertical-Cavity Surface-Emitting Lasers Market - Report Scope
Vertical-cavity surface-emitting lasers (VCSELs) represent a unique class of semiconductor lasers emitting light perpendicular to the wafer surface, simplifying their integration across various applications. Essential in optical communication, sensing, and emerging technologies like facial recognition, VCSELs offer compactness, low power consumption, and precise beam control. Their pivotal role in data transmission, especially in telecommunications and data centers, is driven by the demand for energy-efficient solutions. Moreover, widespread adoption in consumer electronics, particularly smartphones, and advancements in automotive LiDAR systems contribute to the expanding VCSEL market. Continued research and adaptability ensure a promising future for VCSELs across diverse sectors.
Market Growth Drivers
The global market for vertical-cavity surface-emitting lasers (VCSELs) is experiencing exponential growth, driven by the rising demand for sophisticated sensing technologies, particularly in three-dimensional sensing applications. VCSELs play a crucial role in enabling accurate depth-sensing systems used in augmented reality (AR), facial recognition, and gesture control, thereby transforming consumer electronics and automotive sectors.
Their ability to emit precisely controlled circular beams and swift modulation makes them essential for effective 3D sensing. The pervasive adoption of facial recognition technology in smartphones and electronic devices has fueled the demand for VCSELs, particularly for secure and reliable authentication methods. VCSEL-based facial recognition systems utilize structured light patterns to acquire precise depth information for secure identification. Additionally, VCSELs integrated into gesture recognition applications enable touchless device interactions by accurately tracking hand movements and gestures, enhancing user experiences with intuitive and immersive interfaces.
Market Restraints
The worldwide vertical-cavity surface-emitting lasers (VCSELs) industry faces significant challenges due to the difficulty and cost associated with producing high-quality VCSELs. The complex production process, requiring sophisticated semiconductor manufacturing techniques for epitaxial growth and precise layer fabrication, increases production costs. Maintaining consistent performance across large production runs remains a hurdle, impacting reliability and effectiveness.
Moreover, alternative technologies pose a formidable competition to VCSELs. Edge-emitting lasers, traditionally used in optical communication, continue to rival VCSELs. Additionally, non-laser-based solutions like time-of-flight (ToF) sensors threaten VCSELs' market share in 3D sensing applications. ToF sensors offer simplicity and cost-effectiveness, posing a significant challenge to VCSELs, particularly in gesture control and facial recognition applications.
Opportunities
The ascending demand for LiDAR technology in the automotive industry presents a significant opportunity for the VCSEL market. VCSELs, with their precise beam emission and rapid modulation capabilities, are crucial for accurate 3D mapping in autonomous vehicles. This growing demand for LiDAR systems underscores the pivotal role VCSELs play in automotive technology advancement.
Key Questions Answered in Report::
- What is the current market size of the global vertical-cavity surface-emitting lasers (VCSELs) market, and what is the projected growth rate?
- What are the primary factors driving the demand for VCSELs across various industries?
- What are the challenges associated with producing high-quality VCSELs, and how do they impact market growth?
- What are the emerging alternative technologies posing competition to VCSELs, and how are they affecting market dynamics?
- How does the rising demand for LiDAR technology in the automotive industry influence the VCSEL market?
Competitive Intelligence and Business Strategy
Major players in the vertical-cavity surface-emitting lasers (VCSELs) market, such as Broadcom Inc., II-VI Incorporated, and Lumentum Holdings Inc., are investing heavily in research and development to advance VCSEL technology. They are also pursuing strategic partnerships and acquisitions to expand their market presence and offer comprehensive solutions across various industries, maintaining their position as market leaders.
Key Companies Profiled
- Lumentum Operations LLC
- Vixar Inc.
- Hamamatsu Photonics K.K.
- TRUMPF
- Coherent Corporation
Vertical-Cavity Surface-Emitting Lasers Market Segmentation
By Type:
- Multimode
- Single-Mode
By Application:
- Sensing
- Data Communications
- Industrial Heating & Printing
- Emerging & Other Applications
By Material:
- Gallium Arsenide
- Gallium Nitride
- Indium Phosphide
- Others
By Industry:
- Consumer Electronics
- Data Centers
- Automotive
- Commercial & Industrial
- Healthcare
By Region:
- North America
- Europe
- East Asia
- South Asia & Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Vertical-Cavity Surface-Emitting Lasers Market Snapshot, 2023 and 2030
- 1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Type Lifecycle Analysis
- 2.4. Global Vertical-Cavity Surface-Emitting Lasers Market: Value Chain
- 2.4.1. List of Application Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Application Landscape
3. Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
- 3.3. Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 3.3.3.1. Multimode
- 3.3.3.2. Single-Mode
- 3.4. Market Attractiveness Analysis: Type
- 3.5. Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 3.5.3.1. Sensing
- 3.5.3.2. Data Communications
- 3.5.3.3. Industrial Heating & Printing
- 3.5.3.4. Emerging & Other Applications
- 3.6. Market Attractiveness Analysis: Application
- 3.7. Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Material
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Material, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material, 2023 - 2030
- 3.7.3.1. Gallium Arsenide
- 3.7.3.2. Gallium Nitride
- 3.7.3.3. Indium Phosphide
- 3.7.3.4. Others
- 3.8. Market Attractiveness Analysis: Material
- 3.9. Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Industry
- 3.9.1. Introduction / Key Findings
- 3.9.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Industry, 2018 - 2022
- 3.9.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Industry, 2023 - 2030
- 3.9.3.1. Consumer Electronics
- 3.9.3.2. Data Centers
- 3.9.3.3. Automotive
- 3.9.3.4. Commercial & Industrial
- 3.9.3.5. Healthcare
- 3.10. Market Attractiveness Analysis: Industry
4. Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
- 4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Type
- 5.3.3. By Application
- 5.3.4. By Material
- 5.3.5. By Industry
- 5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 5.5.1. Multimode
- 5.5.2. Single-Mode
- 5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. Sensing
- 5.6.2. Data Communications
- 5.6.3. Industrial Heating & Printing
- 5.6.4. Emerging & Other Applications
- 5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material, 2023 - 2030
- 5.7.1. Gallium Arsenide
- 5.7.2. Gallium Nitride
- 5.7.3. Indium Phosphide
- 5.7.4. Others
- 5.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Industry, 2023 - 2030
- 5.8.1. Consumer Electronics
- 5.8.2. Data Centers
- 5.8.3. Automotive
- 5.8.4. Commercial & Industrial
- 5.8.5. Healthcare
- 5.9. Market Attractiveness Analysis
6. Europe Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By Application
- 6.3.4. By Material
- 6.3.5. By Industry
- 6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 6.5.1. Multimode
- 6.5.2. Single-Mode
- 6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. Sensing
- 6.6.2. Data Communications
- 6.6.3. Industrial Heating & Printing
- 6.6.4. Emerging & Other Applications
- 6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material, 2023 - 2030
- 6.7.1. Gallium Arsenide
- 6.7.2. Gallium Nitride
- 6.7.3. Indium Phosphide
- 6.7.4. Others
- 6.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Industry, 2023 - 2030
- 6.8.1. Consumer Electronics
- 6.8.2. Data Centers
- 6.8.3. Automotive
- 6.8.4. Commercial & Industrial
- 6.8.5. Healthcare
- 6.9. Market Attractiveness Analysis
7. East Asia Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Application
- 7.3.4. By Material
- 7.3.5. By Industry
- 7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 7.5.1. Multimode
- 7.5.2. Single-Mode
- 7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. Gallium Arsenide
- 7.6.2. Gallium Nitride
- 7.6.3. Indium Phosphide
- 7.6.4. Others
- 7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material, 2023 - 2030
- 7.7.1. Bacterial Infections
- 7.7.2. Fungal Infection
- 7.7.3. Viral and Parasitic Infections
- 7.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Industry, 2023 - 2030
- 7.8.1. Consumer Electronics
- 7.8.2. Data Centers
- 7.8.3. Automotive
- 7.8.4. Commercial & Industrial
- 7.8.5. Healthcare
- 7.9. Market Attractiveness Analysis
8. South Asia & Oceania Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Application
- 8.3.4. By Material
- 8.3.5. By Industry
- 8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 8.5.1. Multimode
- 8.5.2. Single-Mode
- 8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. Sensing
- 8.6.2. Data Communications
- 8.6.3. Industrial Heating & Printing
- 8.6.4. Emerging & Other Applications
- 8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material, 2023 - 2030
- 8.7.1. Gallium Arsenide
- 8.7.2. Gallium Nitride
- 8.7.3. Indium Phosphide
- 8.7.4. Others
- 8.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Industry, 2023 - 2030
- 8.8.1. Consumer Electronics
- 8.8.2. Data Centers
- 8.8.3. Automotive
- 8.8.4. Commercial & Industrial
- 8.8.5. Healthcare
- 8.9. Market Attractiveness Analysis
9. Latin America Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Application
- 9.3.4. By Material
- 9.3.5. By Industry
- 9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 9.5.1. Multimode
- 9.5.2. Single-Mode
- 9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. Sensing
- 9.6.2. Data Communications
- 9.6.3. Industrial Heating & Printing
- 9.6.4. Emerging & Other Applications
- 9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material, 2023 - 2030
- 9.7.1. Gallium Arsenide
- 9.7.2. Gallium Nitride
- 9.7.3. Indium Phosphide
- 9.7.4. Others
- 9.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Industry, 2023 - 2030
- 9.8.1. Consumer Electronics
- 9.8.2. Data Centers
- 9.8.3. Automotive
- 9.8.4. Commercial & Industrial
- 9.8.5. Healthcare
- 9.9. Market Attractiveness Analysis
10. Middle East & Africa Global Vertical-Cavity Surface-Emitting Lasers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Application
- 10.3.4. By Material
- 10.3.5. By Industry
- 10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 10.5.1. Multimode
- 10.5.2. Single-Mode
- 10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. Sensing
- 10.6.2. Data Communications
- 10.6.3. Industrial Heating & Printing
- 10.6.4. Emerging & Other Applications
- 10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material, 2023 - 2030
- 10.7.1. Gallium Arsenide
- 10.7.2. Gallium Nitride
- 10.7.3. Indium Phosphide
- 10.7.4. Others
- 10.8. Current Market Size (US$ Mn) and Volume (Units) Forecast By Industry, 2023 - 2030
- 10.8.1. Consumer Electronics
- 10.8.2. Data Centers
- 10.8.3. Automotive
- 10.8.4. Commercial & Industrial
- 10.8.5. Healthcare
- 10.9. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2022
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Type Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Lumentum Operations LLC
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Type
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Vixar Inc.
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Type
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. Hamamatsu Photonics K.K.
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Type
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. TRUMPF
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Type
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.5. Coherent Corporation
- 11.3.5.1. Overview
- 11.3.5.2. Segments and Type
- 11.3.5.3. Key Financials
- 11.3.5.4. Market Developments
- 11.3.5.5. Market Strategy
- 11.3.1. Lumentum Operations LLC
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
