VCSEL Market by Type (Single-mode and Multimode), Material (GaAs, InP, GaN), Wavelength, Application (Sensing, Data Communication, Industrial Heating & Printing, Emerging), Data Rate, Industry and Region - Global Forecast to 2028
The global VCSEL market is projected to grow from USD 1.6 billion in 2023, to USD 2.9 billion by 2028, at a CAGR of 13.6% between 2023 and 2028. One of the factors driving the growth of the VCSEL market high preference for adopting 3D sensing technologies, and integration of the Internet of Things (IoT) across buildings, utilities, manufacturing, logistics, retail, and healthcare.
VCSELs are made of gallium arsenide (GaAs) and indium phosphide (InP) with single-mode and multimode functionality. VCSELs are highly efficient and cost-effective for applications, such as data communication, industrial heating, and 3D sensing & gesture recognition. They are widely used in consumer electronics, data centers, automobiles, commercial & industrial applications, as well as healthcare and military industries.
'VCSEL for red wavelength is the second largest segment of VCSEL market during the forecast period”
Red VCSELs offer benefits, such as improved performance and low power consumption, and are used in applications that include laser printing, optical mouse, and low-cost, high-speed interconnects based on plastic optical fiber (POF). However, material design challenges make it more difficult to achieve the desired performance than at the well-developed wavelength of 850 nm. Ams-OSRAM (Austria) is one of the market players offering VCSELs in the red band segment.
“Emerging and other application segment is the fastest growing segment of VCSEL market during forecast period”
This segment includes VCSELs for emerging applications, such as LiDAR, driver monitoring/gesture recognition, 3D sensing in vehicles, security & night vision systems/cameras, pulse oximeter, and OCT. The growth in the emerging and other application segments is closely tied to the use of VCSELs in automotive LiDARs. For instance, in August 2020, automotive LiDAR specialist Ibeo Automotive Systems (Germany) announced that it would deploy VCSELs in LiDAR for ‘Level 3’ semi-autonomous driving in cars built by the automotive manufacturer Great Wall Motors (China). Hence, VCSEL-based solid-state LiDAR systems show great potential as the next evolution in LiDAR technology, which can replace traditional bulky and expensive mechanical spinning and microelectromechanical systems (MEMs) that are currently in use. The size of VCSELs also makes it easier to integrate photonic and electronic components in a LiDAR system. These factors are projected to contribute to the high growth rate of emerging and other applications.
“Above 25 Gbps segment is the fastest growing segment of VCSEL market by 2028”
With the growing adoption of 5G network and smart city developments, data traffic is increasing at a significant rate. This is increasing the connectivity load on data centers, wherein a faster data transmission medium for a short distance is required. Hence, many hyperscale data center operators, such as Facebook (US), Apple (US), Microsoft (US), Amazon (US), and Google (US), as well as government institutions, are focusing on the adoption of high-speed transceivers and AOCs, which operate at 100G, 200G, and 400G data rates. These optical transceivers initially used edge-emitting lasers (EELs) that are now being quickly replaced by VCSELs. VCSELs capable of 25 Gbps data rate are the most widely deployed type due to their lower cost. However, it is expected that VCSELs with data rates above 25 Gbps will be adopted at a faster rate due to the increase in traffic on data communications worldwide.
“Automotive segment is the fastest growing application of VCSEL market by 2028”
Surge in the adoption of VCSELs in automobiles for driver monitoring and infotainment systems results in the high growth in the automotive segment for VCSEL market. VCSELs are finding increased applications in systems, such as advanced driver assistance systems (ADAS), due to the evolution of autonomous vehicles. . LiDAR is one of the latest technology used in automotive safety developments and solutions that are being used to make solid-state LiDARs using VCSELs. Thisevolution toward the adoption of autonomous vehicles in the long term is projected to drive the growth of the automotive segment.
“North America is the second fastest growing market for VCSEL market by 2028”
North America is one of the major markets for VCSELs due to applications, such as consumer electronics, data centers, and commercial & industrial segments. Lumentum (US), II-VI Incorporated (US), and Broadcom (US) are some of the major players operating in this region. Chipmakers and OEM buyers of VCSELs are expected to face the impacts of the recession and the resultant decrease in demand for consumer electronics such as laptops, PCs, and smartphones. These factors are likely to lead to a decline in the growth of the VCSEL market in 2023. The market is expected to register moderate growth in the next 2–3 years in North America.
Breakdown of the profiles of primary participants:
Research Coverage
The report segments the VCSEL market and forecasts its size, by value and volume, based on region (Asia Pacific, Europe, North America, and RoW), type (multi-mode, single mode), wavelength (red, NIR, SWIR), material (GaAs, InP, other), data rate, application, and industry (consumer electronics, data center, automotive, commercial & industrial, healthcare, and military).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the VCSEL market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying the Report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the VCSEL market and provides them information on key market drivers, restraints, challenges, and opportunities.
VCSELs are made of gallium arsenide (GaAs) and indium phosphide (InP) with single-mode and multimode functionality. VCSELs are highly efficient and cost-effective for applications, such as data communication, industrial heating, and 3D sensing & gesture recognition. They are widely used in consumer electronics, data centers, automobiles, commercial & industrial applications, as well as healthcare and military industries.
'VCSEL for red wavelength is the second largest segment of VCSEL market during the forecast period”
Red VCSELs offer benefits, such as improved performance and low power consumption, and are used in applications that include laser printing, optical mouse, and low-cost, high-speed interconnects based on plastic optical fiber (POF). However, material design challenges make it more difficult to achieve the desired performance than at the well-developed wavelength of 850 nm. Ams-OSRAM (Austria) is one of the market players offering VCSELs in the red band segment.
“Emerging and other application segment is the fastest growing segment of VCSEL market during forecast period”
This segment includes VCSELs for emerging applications, such as LiDAR, driver monitoring/gesture recognition, 3D sensing in vehicles, security & night vision systems/cameras, pulse oximeter, and OCT. The growth in the emerging and other application segments is closely tied to the use of VCSELs in automotive LiDARs. For instance, in August 2020, automotive LiDAR specialist Ibeo Automotive Systems (Germany) announced that it would deploy VCSELs in LiDAR for ‘Level 3’ semi-autonomous driving in cars built by the automotive manufacturer Great Wall Motors (China). Hence, VCSEL-based solid-state LiDAR systems show great potential as the next evolution in LiDAR technology, which can replace traditional bulky and expensive mechanical spinning and microelectromechanical systems (MEMs) that are currently in use. The size of VCSELs also makes it easier to integrate photonic and electronic components in a LiDAR system. These factors are projected to contribute to the high growth rate of emerging and other applications.
“Above 25 Gbps segment is the fastest growing segment of VCSEL market by 2028”
With the growing adoption of 5G network and smart city developments, data traffic is increasing at a significant rate. This is increasing the connectivity load on data centers, wherein a faster data transmission medium for a short distance is required. Hence, many hyperscale data center operators, such as Facebook (US), Apple (US), Microsoft (US), Amazon (US), and Google (US), as well as government institutions, are focusing on the adoption of high-speed transceivers and AOCs, which operate at 100G, 200G, and 400G data rates. These optical transceivers initially used edge-emitting lasers (EELs) that are now being quickly replaced by VCSELs. VCSELs capable of 25 Gbps data rate are the most widely deployed type due to their lower cost. However, it is expected that VCSELs with data rates above 25 Gbps will be adopted at a faster rate due to the increase in traffic on data communications worldwide.
“Automotive segment is the fastest growing application of VCSEL market by 2028”
Surge in the adoption of VCSELs in automobiles for driver monitoring and infotainment systems results in the high growth in the automotive segment for VCSEL market. VCSELs are finding increased applications in systems, such as advanced driver assistance systems (ADAS), due to the evolution of autonomous vehicles. . LiDAR is one of the latest technology used in automotive safety developments and solutions that are being used to make solid-state LiDARs using VCSELs. Thisevolution toward the adoption of autonomous vehicles in the long term is projected to drive the growth of the automotive segment.
“North America is the second fastest growing market for VCSEL market by 2028”
North America is one of the major markets for VCSELs due to applications, such as consumer electronics, data centers, and commercial & industrial segments. Lumentum (US), II-VI Incorporated (US), and Broadcom (US) are some of the major players operating in this region. Chipmakers and OEM buyers of VCSELs are expected to face the impacts of the recession and the resultant decrease in demand for consumer electronics such as laptops, PCs, and smartphones. These factors are likely to lead to a decline in the growth of the VCSEL market in 2023. The market is expected to register moderate growth in the next 2–3 years in North America.
Breakdown of the profiles of primary participants:
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: C-level Executives - 40%, Directors - 40%, and Others - 20%
- By Region: North America - 40%, Europe - 30%, Asia Pacific - 20%, and RoW - 10%
Research Coverage
The report segments the VCSEL market and forecasts its size, by value and volume, based on region (Asia Pacific, Europe, North America, and RoW), type (multi-mode, single mode), wavelength (red, NIR, SWIR), material (GaAs, InP, other), data rate, application, and industry (consumer electronics, data center, automotive, commercial & industrial, healthcare, and military).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the VCSEL market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying the Report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the VCSEL market and provides them information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 VCSEL MARKET: SEGMENTATION
1.3.1 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 LIMITATIONS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 VCSEL MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.1.1 Key industry insights
2.1.2 SECONDARY DATA
2.1.2.1 List of key secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.1.3.2 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE)— DEMAND FOR VCSELS
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to obtain market size using top-down analysis (supply side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY-SIDE)—IDENTIFICATION OF REVENUES GENERATED BY COMPANIES FROM VCSEL MARKET
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.4.1 ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION
2.5.1 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
3.1 RECESSION IMPACT ANALYSIS
FIGURE 8 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES
FIGURE 9 RECESSION IMPACT ON VCSEL MARKET
FIGURE 10 MULTIMODE SEGMENT TO CAPTURE HIGHER MARKET SHARE IN 2023
FIGURE 11 GAAS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 12 NIR SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 13 10.1 TO 25 GBPS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 14 EMERGING AND OTHER APPLICATIONS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 15 AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 16 VCSEL MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR VCSEL MARKET PLAYERS
FIGURE 17 ADVANTAGES OF SOLID-STATE TECHNOLOGY, COMPACT DESIGN, AND ROBUSTNESS TO DRIVE VCSEL MARKET
4.2 VCSEL MARKET, BY TYPE
FIGURE 18 MULTIMODE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.3 VCSEL MARKET, BY MATERIAL
FIGURE 19 GAAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
4.4 VCSEL MARKET, BY WAVELENGTH
FIGURE 20 NIR SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING 2023–2028
4.5 VCSEL MARKET, BY DATA RATE
FIGURE 21 10.1 TO 25 GBPS SEGMENT TO DOMINATE MARKET DURING 2023–2028
4.6 VCSEL MARKET, BY APPLICATION
FIGURE 22 SENSING APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
4.7 NORTH AMERICA: VCSEL MARKET, BY INDUSTRY AND COUNTRY
FIGURE 23 CONSUMER ELECTRONICS AND US TO BE LARGEST SHAREHOLDERS OF VCSEL MARKET IN NORTH AMERICA IN 2028
4.8 VCSEL MARKET, BY COUNTRY
FIGURE 24 VCSEL MARKET TO RECORD HIGHEST CAGR IN ASIA PACIFIC IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 25 IMPACT OF DRIVERS ON VCSEL MARKET
FIGURE 26 IMPACT OF OPPORTUNITIES ON VCSEL MARKET
FIGURE 27 IMPACT OF RESTRAINTS AND CHALLENGES ON VCSEL MARKET
5.2.1 DRIVERS
5.2.1.1 Growing adoption of 3D sensing applications in smartphones
5.2.1.2 Increasing application of VCSELs in data communication
5.2.1.3 Increased market investment for VCSEL manufacturing
5.2.2 RESTRAINTS
5.2.2.1 Limited data transmission range
5.2.2.2 Limitations of semiconductor materials hampering performance of VCSELs
5.2.3 OPPORTUNITIES
5.2.3.1 Use of VCSELs in LiDAR systems for automotive applications
5.2.3.2 Growing IoT market and data processing across commercial and government sectors
5.2.3.3 Growing adoption of VCSELs in consumer electronic devices
5.2.4 CHALLENGES
5.2.4.1 Manufacturing defects in VCSELs
5.2.4.2 Recession impact on smartphone market
5.3 TARIFFS AND REGULATIONS
5.3.1 TARIFF RELATED TO VCSELS
5.4 REGULATIONS
5.4.1 GLOBAL
5.4.1.1 International Electrotechnical Commission (IEC)
5.4.2 EUROPE
5.4.2.1 Restriction of Hazardous Substances (RoHS)
5.4.2.2 European Standards (EN)
5.4.3 US
5.4.3.1 American National Standards Institute (ANSI)
5.4.3.2 Food and Drug Administration (FDA)
5.5 CASE STUDY ANALYSIS
5.5.1 AMS-OSRAM PROVIDED VCSEL ARRAY FOR USE IN XIAOMI MI8 EXPLORER EDITION
5.5.2 OSRAM AND CHRONOPTICS COOPERATED ON DEVELOPMENT OF 3D TOF CAMERA KIT
5.5.3 AMBARELLA, LUMENTUM, AND ON-SEMICONDUCTOR COLLABORATED ON AI PROCESSING-BASED 3D SENSING FOR NEXT-GEN AIOT DEVICES
5.5.4 LUMENTUM SHOWCASED PHOTONIC SOLUTIONS AT ECOC 2020
5.5.5 LEONARDO ELECTRONICS OFFERS LIDAR SYSTEMS LEVERAGING COMPANY VCSELS
5.5.6 ALIGHT TECHNOLOGIES DEVELOPING 10 GBPS 1,300 NM VCSEL
5.5.7 INNEOS DEVELOPED VCSELS FOR USE IN SATELLITES
5.5.8 IQE REACHED KEY MILESTONES WITH IQDN-VCSEL TECHNOLOGY
5.5.9 WIN SEMICONDUCTORS SUPPLIES VCSELS TO APPLE
5.6 AVERAGE SELLING PRICE OF VCSELS FOR VARIOUS END PRODUCTS
TABLE 1 ASP OF VCSELS USED IN VARIOUS END PRODUCTS
FIGURE 28 AVERAGE SELLING PRICE FORECAST OF VCSELS, 2020–2026 (USD)
TABLE 2 AVERAGE SELLING PRICE FORECAST OF VCSELS, 2020–2026 (USD)
5.7 VALUE CHAIN ANALYSIS
FIGURE 29 VALUE CHAIN ANALYSIS OF VCSEL ECOSYSTEM: R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE
5.8 ECOSYSTEM/MARKET MAP
FIGURE 30 VCSEL MARKET ECOSYSTEM
5.8.1 MANUFACTURERS
5.8.2 SUPPLIERS
5.8.3 DISTRIBUTORS
5.8.4 OEMS
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES
5.9.1.1 3D camera
5.9.1.2 LiDAR
5.9.2 ADJACENT TECHNOLOGY
5.9.2.1 Edge emitter lasers (EELs)
5.10 TECHNOLOGY ANALYSIS
5.10.1 NEW MATERIALS USED IN MANUFACTURING OF VCSELS
5.10.2 MINIATURIZATION OF VCSELS
5.10.3 UNDER-DISPLAY VCSELS
5.11 PATENT ANALYSIS
FIGURE 31 PATENT APPLICATION TRENDS FOR VCSELS, 2016–2020
5.12 TRADE DATA
5.12.1 TRADE DATA FOR HS CODE 854140
TABLE 3 IMPORT DATA FOR HS CODE 854140, BY COUNTRY, 2016–2020 (USD BILLION)
TABLE 4 EXPORT DATA FOR HS CODE 854140, BY COUNTRY, 2016–2020 (USD BILLION)
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 VCSEL MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 INTENSITY OF COMPETITIVE RIVALRY
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF SUBSTITUTES
5.13.5 THREAT OF NEW ENTRANTS
5.14 VCSEL MARKET: SUPPLY CHAIN
5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 32 REVENUE SHIFTS FOR VCSEL MARKET
6 VCSEL FABRICATION METHODS
6.1 INTRODUCTION
6.2 SELECTIVE OXIDIZATION
6.2.1 LEADS TO PRODUCTION OF STRONG ELECTRICAL AND OPTICAL CONFINEMENT
6.3 ION IMPLANTATION
6.3.1 PROVIDES HIGHLY CONTROLLED APERTURE THAT LEADS TO HIGHER AND MORE STABLE PRODUCTIVITY OF VCSELS
7 APPLICATIONS OF VCSEL TECHNOLOGY IN SMARTPHONES
7.1 INTRODUCTION
7.2 DOT PROJECTOR
7.2.1 ENABLES FACIAL RECOGNITION FEATURE IN SMARTPHONES
7.3 TIME-OF-FLIGHT (TOF)
7.3.1 TOF MODULES USE VCSELS TO RELEASE INFRARED LIGHT
7.3.2 PROXIMITY SENSING
7.4 FLOOD ILLUMINATOR
7.4.1 VCSELS USED BY FLOOD ILLUMINATORS TO PROJECT INFRARED LIGHT USED TO ILLUMINATE FACE OF USERS
8 VCSEL MARKET, BY TYPE
8.1 INTRODUCTION
FIGURE 33 MULTIMODE SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
TABLE 6 VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 7 VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.2 SINGLE-MODE
8.2.1 SINGLE-MODE VCSELS USED FOR LOW-POWER APPLICATIONS
TABLE 8 SINGLE-MODE: VCSEL MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
TABLE 9 SINGLE-MODE: VCSEL MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 10 SINGLE-MODE: VCSEL MARKET, BY WAVELENGTH, 2018–2022 (USD MILLION)
TABLE 11 SINGLE-MODE: VCSEL MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
8.3 MULTIMODE
8.3.1 MULTIMODE VCSELS USED FOR HIGH-POWER APPLICATIONS
TABLE 12 MULTIMODE: VCSEL MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
TABLE 13 MULTIMODE: VCSEL MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 14 MULTIMODE: VCSEL MARKET, BY WAVELENGTH, 2018–2022 (USD MILLION)
TABLE 15 MULTIMODE: VCSEL MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
9 VCSEL MARKET, BY WAVELENGTH
9.1 INTRODUCTION
FIGURE 34 NIR SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 16 VCSEL MARKET, BY WAVELENGTH, 2018–2022 (USD MILLION)
TABLE 17 VCSEL MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
9.2 RED
9.2.1 VCSELS IN RED BAND HAVE WAVELENGTHS IN BETWEEN 650 NM AND 750 NM
TABLE 18 RED: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 19 RED: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
9.3 NEAR-INFRARED (NIR)
9.3.1 VCSELS IN NIR BAND HAVE WAVELENGTHS BETWEEN 750 NM AND 1,400 NM
TABLE 20 NIR: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 21 NIR: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
9.4 SHORTWAVE INFRARED (SWIR)
9.4.1 VCSELS IN SWIR BAND HAVE WAVELENGTHS BETWEEN 1,400 NM AND 3,000 NM
TABLE 22 SWIR: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 23 SWIR: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
10 VCSEL MARKET, BY MATERIAL
10.1 INTRODUCTION
FIGURE 35 GAAS-BASED VCSEL TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 24 VCSEL MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
TABLE 25 VCSEL MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
10.2 GALLIUM ARGESIDE (GAAS)
10.2.1 GAAS-BASED VCSELS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 26 GAAS: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 27 GAAS: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
10.3 INDIUM PHOSPHIDE (INP)
10.3.1 MORE EXPENSIVE THAN GAAS DUE TO MATERIAL COSTS AND SMALL WAFER SIZE
TABLE 28 INP: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 29 INP: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
10.4 OTHERS
10.4.1 VCSELS IN THE SWIR BAND HAVE WAVELENGTH BETWEEN 1,400 NM AND 3,000 NM
TABLE 30 OTHERS: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 31 OTHERS: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
11 VCSEL MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 36 SENSING SEGMENT TO HOLD LARGEST SHARE OF VCSEL MARKET DURING FORECAST PERIOD
TABLE 32 VCSEL MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 33 VCSEL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.2 SENSING
11.2.1 3D SENSING
11.2.1.1 ToF camera
11.2.1.1.1 Proximity sensing
11.2.1.1.1.1 Proximity sensing widely used in smartphones
11.2.1.2 Structured light illumination
11.2.1.2.1 Increasing adoption of face recognition technologies in smart devices to create lucrative opportunities
11.2.1.3 Facial & gesture recognition
11.2.1.3.1 Increase in adoption of biometric technologies in smart devices to drive market
11.2.2 GAS SENSING
11.2.2.1 Single-mode VCSELs used for gas sensing in industrial environments
11.2.3 OPTICAL MICE
11.2.3.1 VCSEL-based optical mouse enables operations on various surfaces
11.3 DATA COMMUNICATION
11.3.1 OPTICAL TRANSCEIVERS & ACTIVE OPTICAL CABLES
11.3.1.1 Growing adoption of high data rate optical components in data centers to propel market
11.4 INDUSTRIAL HEATING & LASER PRINTING
11.4.1 ADDITIVE MANUFACTURING
11.4.1.1 VCSEL heating reduces thermal gradient in additive manufacturing
11.4.2 LASER PRINTING
11.4.2.1 Laser printing requires low-cost, single-mode VCSELs
11.5 EMERGING & OTHER APPLICATIONS
11.5.1 LIDAR
11.5.1.1 Developments in autonomous vehicles to create opportunities for applications of VCSELs in automotive LiDARs
11.5.2 IN-CABIN SENSING
11.5.2.1 Innovations in vehicle infotainment systems to boost demand for VCSELs
11.5.3 ATOMIC CLOCK & GPS
11.5.3.1 VCSELs make for compact and low-cost solutions for use in atomic clocks
11.5.4 MAGNETOMETER
11.5.4.1 Highly accurate detection of magnetic fields made possible with use of VCSEL-based magnetometers
11.5.5 INFRARED ILLUMINATION FOR SURVEILLANCE
11.5.5.1 VCSELs improve performance and visibility in security & surveillance applications
11.5.6 PULSE OXIMETRY
11.5.6.1 VCSELs provide benefits of narrower spectral linewidth emission for pulse oximetry applications
12 VCSEL MARKET, BY DATA RATE
12.1 INTRODUCTION
FIGURE 37 ABOVE 25 GBPS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 34 VCSEL MARKET FOR DATA COMMUNICATION, BY DATA RATE, 2018–2022 (USD MILLION)
TABLE 35 VCSEL MARKET FOR DATA COMMUNICATION, BY DATA RATE, 2023–2028 (USD MILLION)
12.2 UP TO 10 GBPS
12.2.1 VCSELS WITH DATA RATES UP TO 10 GBPS USED IN DATA COMMUNICATION APPLICATIONS
TABLE 36 VCSELS WITH DATA RATE UP TO 10 GBPS
12.3 10.1 TO 25 GBPS
12.3.1 VCSELS WITH DATA RATE OF 10.1 TO 25 GBPS DOMINATED MARKET IN 2022
TABLE 37 VCSELS WITH DATA RATE OF 10.1 TO 25 GBPS
12.4 ABOVE 25 GBPS
12.4.1 VCSELS WITH DATA RATE ABOVE 25 GBPS TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 38 VCSELS WITH DATA RATE ABOVE 25 GBPS
13 VCSEL MARKET, BY INDUSTRY
13.1 INTRODUCTION
FIGURE 38 CONSUMER ELECTRONICS INDUSTRY TO BE LARGEST SHAREHOLDER OF VCSEL MARKET DURING FORECAST PERIOD
TABLE 39 VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 40 VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
13.2 CONSUMER ELECTRONICS
13.2.1 CONSUMER ELECTRONICS HELD DOMINANT MARKET SHARE IN 2022
TABLE 41 CONSUMER ELECTRONICS: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 42 CONSUMER ELECTRONICS: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 43 CONSUMER ELECTRONICS: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 44 CONSUMER ELECTRONICS: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 45 CONSUMER ELECTRONICS: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 46 CONSUMER ELECTRONICS: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 47 CONSUMER ELECTRONICS: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 48 CONSUMER ELECTRONICS: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 49 CONSUMER ELECTRONICS: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD MILLION)
TABLE 50 CONSUMER ELECTRONICS: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD MILLION)
13.3 DATA CENTER
13.3.1 INCREASE IN DATA BANDWIDTH IN DATA CENTERS TO DRIVE DEMAND FOR VCSELS
TABLE 51 DATA CENTER: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 52 DATA CENTER: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 DATA CENTER: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 54 DATA CENTER: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 55 DATA CENTER: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 56 DATA CENTER: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 57 DATA CENTER: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 58 DATA CENTER: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 59 DATA CENTER: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD MILLION)
TABLE 60 DATA CENTER: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD MILLION)
13.4 AUTOMOTIVE
13.4.1 ADOPTION OF VCSELS IN AUTOMOTIVE LIDAR TO BOOST MARKET IN REST OF THE WORLD
TABLE 61 AUTOMOTIVE: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 62 AUTOMOTIVE: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 63 AUTOMOTIVE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD THOUSAND)
TABLE 64 AUTOMOTIVE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD THOUSAND)
TABLE 65 AUTOMOTIVE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD THOUSAND)
TABLE 66 AUTOMOTIVE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD THOUSAND)
TABLE 67 AUTOMOTIVE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD THOUSAND)
TABLE 68 AUTOMOTIVE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD THOUSAND)
TABLE 69 AUTOMOTIVE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND)
TABLE 70 AUTOMOTIVE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND)
13.5 COMMERCIAL & INDUSTRIAL
13.5.1 ADOPTION OF VCSELS ACROSS VARIOUS INDUSTRIAL APPLICATIONS TO FAVOR MARKET
TABLE 71 COMMERCIAL & INDUSTRIAL: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 72 COMMERCIAL & INDUSTRIAL: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 73 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 74 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 75 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 76 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 77 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 78 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 79 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND)
TABLE 80 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND)
13.6 HEALTHCARE
13.6.1 VCSELS USED FOR SCANNING AND IMAGING APPLICATIONS IN HEALTHCARE INDUSTRY
TABLE 81 HEALTHCARE: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 82 HEALTHCARE: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 83 HEALTHCARE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 84 HEALTHCARE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 85 HEALTHCARE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 86 HEALTHCARE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 87 HEALTHCARE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 88 HEALTHCARE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 89 HEALTHCARE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND)
TABLE 90 HEALTHCARE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND)
13.7 MILITARY
13.7.1 VCSELS USED FOR TACTICAL SURVEILLANCE AND OBSTACLE DETECTION IN MILITARY TASKS
TABLE 91 MILITARY: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 92 MILITARY: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 93 MILITARY: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 94 MILITARY: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 95 MILITARY: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 96 MILITARY: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 97 MILITARY: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 98 MILITARY: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 99 MILITARY: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND)
TABLE 100 MILITARY: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND)
14 VCSEL MARKET, BY REGION
14.1 INTRODUCTION
FIGURE 39 VCSEL MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 101 VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 102 VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
14.2 NORTH AMERICA
14.2.1 RECESSION IMPACT ON NORTH AMERICA
FIGURE 40 NORTH AMERICA: VCSEL MARKET SNAPSHOT
TABLE 103 NORTH AMERICA: VCSEL MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 104 NORTH AMERICA: VCSEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 105 US: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 106 US: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 107 CANADA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 108 CANADA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 109 MEXICO: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 110 MEXICO: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
14.2.2 US
14.2.2.1 US to dominate global VCSEL market during forecast period
14.2.3 CANADA
14.2.3.1 Data communication applications to drive market
14.2.4 MEXICO
14.2.4.1 Automotive industry to provide opportunities for market growth
14.3 EUROPE
14.3.1 RECESSION IMPACT ON EUROPE
FIGURE 41 EUROPE: VCSEL MARKET SNAPSHOT
TABLE 111 EUROPE: VCSEL MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 112 EUROPE: VCSEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 113 UK: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 114 UK: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
TABLE 115 GERMANY: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 116 GERMANY: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 117 FRANCE: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 118 FRANCE: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
TABLE 119 REST OF EUROPE: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 120 REST OF EUROPE: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
14.3.2 GERMANY
14.3.2.1 Germany to hold largest share of VCSEL market in Europe during forecast period
14.3.3 UK
14.3.3.1 Consumer electronics and communications sectors to drive market in UK
14.3.4 FRANCE
14.3.4.1 Demand from automotive industry to substantiate market growth
14.3.5 REST OF EUROPE
14.4 ASIA PACIFIC
14.4.1 RECESSION IMPACT ON ASIA PACIFIC
FIGURE 42 ASIA PACIFIC: VCSEL MARKET SNAPSHOT
TABLE 121 ASIA PACIFIC: VCSEL MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 122 ASIA PACIFIC: VCSEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 123 CHINA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 124 CHINA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 125 JAPAN: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 126 JAPAN: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 127 SOUTH KOREA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 128 SOUTH KOREA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
TABLE 129 REST OF ASIA PACIFIC: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 130 REST OF ASIA PACIFIC: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
14.4.2 CHINA
14.4.2.1 China to account for largest share of VCSEL market in Asia Pacific during forecast period
14.4.3 JAPAN
14.4.3.1 Demand from consumer electronics and data center verticals to drive VCSEL market
14.4.4 SOUTH KOREA
14.4.4.1 VCSEL market in South Korea dominated by consumer electronics and telecommunications industries
14.4.5 REST OF ASIA PACIFIC
14.5 REST OF THE WORLD
14.5.1 RECESSION IMPACT ON REST OF THE WORLD
TABLE 131 REST OF THE WORLD: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 132 REST OF THE WORLD: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 133 SOUTH AMERICA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 134 SOUTH AMERICA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
TABLE 135 MIDDLE EAST & AFRICA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 136 MIDDLE EAST & AFRICA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
14.5.2 SOUTH AMERICA
14.5.2.1 South America to hold larger share of VCSEL market in RoW during forecast period
14.5.3 MIDDLE EAST AND AFRICA
14.5.3.1 VCSEL market in Middle East & Africa at nascent stage
15 COMPETITIVE LANDSCAPE
15.1 OVERVIEW
15.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 137 OVERVIEW OF STRATEGIES DEPLOYED BY VCSEL MANUFACTURERS
15.2.1 PRODUCT PORTFOLIO
15.2.2 REGIONAL FOCUS
15.2.3 MANUFACTURING FOOTPRINT
15.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
15.3 MARKET SHARE ANALYSIS: VCSEL MARKET, 2022
TABLE 138 DEGREE OF COMPETITION, 2022
15.4 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 43 FIVE-YEAR REVENUE ANALYSIS OF TOP FOUR PLAYERS IN VCSEL MARKET
15.5 COMPANY EVALUATION QUADRANT
15.5.1 STARS
15.5.2 EMERGING LEADERS
15.5.3 PERVASIVE PLAYERS
15.5.4 PARTICIPANTS
FIGURE 44 VCSEL COMPANY EVALUATION QUADRANT, 2022
15.5.5 COMPANY FOOTPRINT
TABLE 139 OVERALL COMPANY FOOTPRINT
TABLE 140 COMPANY PRODUCT TYPE FOOTPRINT
TABLE 141 COMPANY INDUSTRY FOOTPRINT
TABLE 142 COMPANY REGION FOOTPRINT
15.6 START-UP/SME EVALUATION MATRIX
TABLE 143 LIST OF START-UP/SME COMPANIES IN VCSEL MARKET
15.6.1 PROGRESSIVE COMPANIES
15.6.2 RESPONSIVE COMPANIES
15.6.3 DYNAMIC COMPANIES
15.6.4 STARTING BLOCKS
FIGURE 45 VCSEL MARKET, START-UP/SME EVALUATION MATRIX, 2022
15.7 COMPETITIVE SCENARIOS AND TRENDS
15.7.1 PRODUCT LAUNCHES
TABLE 144 PRODUCT LAUNCHES, 2019–2022
15.7.2 DEALS
TABLE 145 DEALS, 2019–2022
16 COMPANY PROFILES
16.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats)*
16.1.1 COHERENT CORP.
TABLE 146 COHERENT: BUSINESS OVERVIEW
FIGURE 46 COHERENT: COMPANY SNAPSHOT
16.1.2 LUMENTUM
TABLE 147 LUMENTUM: BUSINESS OVERVIEW
FIGURE 47 LUMENTUM: COMPANY SNAPSHOT
16.1.3 AMS-OSRAM
TABLE 148 AMS-OSRAM: BUSINESS OVERVIEW
FIGURE 48 AMS-OSRAM: COMPANY SNAPSHOT
16.1.4 TRUMPF
TABLE 149 TRUMPF: BUSINESS OVERVIEW
FIGURE 49 TRUMPF: COMPANY SNAPSHOT
16.1.5 BROADCOM
TABLE 150 BROADCOM: BUSINESS OVERVIEW
FIGURE 50 BROADCOM: COMPANY SNAPSHOT
16.1.6 MKS INSTRUMENTS
TABLE 151 MKS INSTRUMENTS: BUSINESS OVERVIEW
FIGURE 51 MKS INSTRUMENTS: COMPANY SNAPSHOT
16.1.7 SANTEC
TABLE 152 SANTEC: BUSINESS OVERVIEW
FIGURE 52 SANTEC: COMPANY SNAPSHOT
16.1.8 LEONARDO ELECTRONICS
TABLE 153 LEONARDO ELECTRONICS: BUSINESS OVERVIEW
16.1.9 VERTILAS
TABLE 154 VERTILAS: BUSINESS OVERVIEW
16.1.10 VERTILITE
TABLE 155 VERTILITE: BUSINESS OVERVIEW
16.2 OTHER KEY PLAYERS
16.2.1 ALIGHT TECHNOLOGIES
16.2.2 TELEDYNE FLIR
16.2.3 INNEOS
16.2.4 IQE
16.2.5 THORLABS
16.2.6 TT ELECTRONICS
16.2.7 USHIO AMERICA
16.2.8 WIN SEMICONDUCTORS
16.2.9 FRANKFURT LASER COMPANY
16.2.10 INPHENIX, INC.
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
17 APPENDIX
17.1 DISCUSSION GUIDE
17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.3 CUSTOMIZATION OPTIONS
17.4 RELATED REPORTS
17.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 VCSEL MARKET: SEGMENTATION
1.3.1 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 LIMITATIONS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 VCSEL MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.1.1 Key industry insights
2.1.2 SECONDARY DATA
2.1.2.1 List of key secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.1.3.2 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE)— DEMAND FOR VCSELS
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to obtain market size using top-down analysis (supply side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY-SIDE)—IDENTIFICATION OF REVENUES GENERATED BY COMPANIES FROM VCSEL MARKET
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.4.1 ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION
2.5.1 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
3.1 RECESSION IMPACT ANALYSIS
FIGURE 8 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES
FIGURE 9 RECESSION IMPACT ON VCSEL MARKET
FIGURE 10 MULTIMODE SEGMENT TO CAPTURE HIGHER MARKET SHARE IN 2023
FIGURE 11 GAAS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 12 NIR SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 13 10.1 TO 25 GBPS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 14 EMERGING AND OTHER APPLICATIONS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 15 AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 16 VCSEL MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR VCSEL MARKET PLAYERS
FIGURE 17 ADVANTAGES OF SOLID-STATE TECHNOLOGY, COMPACT DESIGN, AND ROBUSTNESS TO DRIVE VCSEL MARKET
4.2 VCSEL MARKET, BY TYPE
FIGURE 18 MULTIMODE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.3 VCSEL MARKET, BY MATERIAL
FIGURE 19 GAAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
4.4 VCSEL MARKET, BY WAVELENGTH
FIGURE 20 NIR SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING 2023–2028
4.5 VCSEL MARKET, BY DATA RATE
FIGURE 21 10.1 TO 25 GBPS SEGMENT TO DOMINATE MARKET DURING 2023–2028
4.6 VCSEL MARKET, BY APPLICATION
FIGURE 22 SENSING APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
4.7 NORTH AMERICA: VCSEL MARKET, BY INDUSTRY AND COUNTRY
FIGURE 23 CONSUMER ELECTRONICS AND US TO BE LARGEST SHAREHOLDERS OF VCSEL MARKET IN NORTH AMERICA IN 2028
4.8 VCSEL MARKET, BY COUNTRY
FIGURE 24 VCSEL MARKET TO RECORD HIGHEST CAGR IN ASIA PACIFIC IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 25 IMPACT OF DRIVERS ON VCSEL MARKET
FIGURE 26 IMPACT OF OPPORTUNITIES ON VCSEL MARKET
FIGURE 27 IMPACT OF RESTRAINTS AND CHALLENGES ON VCSEL MARKET
5.2.1 DRIVERS
5.2.1.1 Growing adoption of 3D sensing applications in smartphones
5.2.1.2 Increasing application of VCSELs in data communication
5.2.1.3 Increased market investment for VCSEL manufacturing
5.2.2 RESTRAINTS
5.2.2.1 Limited data transmission range
5.2.2.2 Limitations of semiconductor materials hampering performance of VCSELs
5.2.3 OPPORTUNITIES
5.2.3.1 Use of VCSELs in LiDAR systems for automotive applications
5.2.3.2 Growing IoT market and data processing across commercial and government sectors
5.2.3.3 Growing adoption of VCSELs in consumer electronic devices
5.2.4 CHALLENGES
5.2.4.1 Manufacturing defects in VCSELs
5.2.4.2 Recession impact on smartphone market
5.3 TARIFFS AND REGULATIONS
5.3.1 TARIFF RELATED TO VCSELS
5.4 REGULATIONS
5.4.1 GLOBAL
5.4.1.1 International Electrotechnical Commission (IEC)
5.4.2 EUROPE
5.4.2.1 Restriction of Hazardous Substances (RoHS)
5.4.2.2 European Standards (EN)
5.4.3 US
5.4.3.1 American National Standards Institute (ANSI)
5.4.3.2 Food and Drug Administration (FDA)
5.5 CASE STUDY ANALYSIS
5.5.1 AMS-OSRAM PROVIDED VCSEL ARRAY FOR USE IN XIAOMI MI8 EXPLORER EDITION
5.5.2 OSRAM AND CHRONOPTICS COOPERATED ON DEVELOPMENT OF 3D TOF CAMERA KIT
5.5.3 AMBARELLA, LUMENTUM, AND ON-SEMICONDUCTOR COLLABORATED ON AI PROCESSING-BASED 3D SENSING FOR NEXT-GEN AIOT DEVICES
5.5.4 LUMENTUM SHOWCASED PHOTONIC SOLUTIONS AT ECOC 2020
5.5.5 LEONARDO ELECTRONICS OFFERS LIDAR SYSTEMS LEVERAGING COMPANY VCSELS
5.5.6 ALIGHT TECHNOLOGIES DEVELOPING 10 GBPS 1,300 NM VCSEL
5.5.7 INNEOS DEVELOPED VCSELS FOR USE IN SATELLITES
5.5.8 IQE REACHED KEY MILESTONES WITH IQDN-VCSEL TECHNOLOGY
5.5.9 WIN SEMICONDUCTORS SUPPLIES VCSELS TO APPLE
5.6 AVERAGE SELLING PRICE OF VCSELS FOR VARIOUS END PRODUCTS
TABLE 1 ASP OF VCSELS USED IN VARIOUS END PRODUCTS
FIGURE 28 AVERAGE SELLING PRICE FORECAST OF VCSELS, 2020–2026 (USD)
TABLE 2 AVERAGE SELLING PRICE FORECAST OF VCSELS, 2020–2026 (USD)
5.7 VALUE CHAIN ANALYSIS
FIGURE 29 VALUE CHAIN ANALYSIS OF VCSEL ECOSYSTEM: R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE
5.8 ECOSYSTEM/MARKET MAP
FIGURE 30 VCSEL MARKET ECOSYSTEM
5.8.1 MANUFACTURERS
5.8.2 SUPPLIERS
5.8.3 DISTRIBUTORS
5.8.4 OEMS
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES
5.9.1.1 3D camera
5.9.1.2 LiDAR
5.9.2 ADJACENT TECHNOLOGY
5.9.2.1 Edge emitter lasers (EELs)
5.10 TECHNOLOGY ANALYSIS
5.10.1 NEW MATERIALS USED IN MANUFACTURING OF VCSELS
5.10.2 MINIATURIZATION OF VCSELS
5.10.3 UNDER-DISPLAY VCSELS
5.11 PATENT ANALYSIS
FIGURE 31 PATENT APPLICATION TRENDS FOR VCSELS, 2016–2020
5.12 TRADE DATA
5.12.1 TRADE DATA FOR HS CODE 854140
TABLE 3 IMPORT DATA FOR HS CODE 854140, BY COUNTRY, 2016–2020 (USD BILLION)
TABLE 4 EXPORT DATA FOR HS CODE 854140, BY COUNTRY, 2016–2020 (USD BILLION)
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 VCSEL MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 INTENSITY OF COMPETITIVE RIVALRY
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF SUBSTITUTES
5.13.5 THREAT OF NEW ENTRANTS
5.14 VCSEL MARKET: SUPPLY CHAIN
5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 32 REVENUE SHIFTS FOR VCSEL MARKET
6 VCSEL FABRICATION METHODS
6.1 INTRODUCTION
6.2 SELECTIVE OXIDIZATION
6.2.1 LEADS TO PRODUCTION OF STRONG ELECTRICAL AND OPTICAL CONFINEMENT
6.3 ION IMPLANTATION
6.3.1 PROVIDES HIGHLY CONTROLLED APERTURE THAT LEADS TO HIGHER AND MORE STABLE PRODUCTIVITY OF VCSELS
7 APPLICATIONS OF VCSEL TECHNOLOGY IN SMARTPHONES
7.1 INTRODUCTION
7.2 DOT PROJECTOR
7.2.1 ENABLES FACIAL RECOGNITION FEATURE IN SMARTPHONES
7.3 TIME-OF-FLIGHT (TOF)
7.3.1 TOF MODULES USE VCSELS TO RELEASE INFRARED LIGHT
7.3.2 PROXIMITY SENSING
7.4 FLOOD ILLUMINATOR
7.4.1 VCSELS USED BY FLOOD ILLUMINATORS TO PROJECT INFRARED LIGHT USED TO ILLUMINATE FACE OF USERS
8 VCSEL MARKET, BY TYPE
8.1 INTRODUCTION
FIGURE 33 MULTIMODE SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
TABLE 6 VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 7 VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.2 SINGLE-MODE
8.2.1 SINGLE-MODE VCSELS USED FOR LOW-POWER APPLICATIONS
TABLE 8 SINGLE-MODE: VCSEL MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
TABLE 9 SINGLE-MODE: VCSEL MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 10 SINGLE-MODE: VCSEL MARKET, BY WAVELENGTH, 2018–2022 (USD MILLION)
TABLE 11 SINGLE-MODE: VCSEL MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
8.3 MULTIMODE
8.3.1 MULTIMODE VCSELS USED FOR HIGH-POWER APPLICATIONS
TABLE 12 MULTIMODE: VCSEL MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
TABLE 13 MULTIMODE: VCSEL MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 14 MULTIMODE: VCSEL MARKET, BY WAVELENGTH, 2018–2022 (USD MILLION)
TABLE 15 MULTIMODE: VCSEL MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
9 VCSEL MARKET, BY WAVELENGTH
9.1 INTRODUCTION
FIGURE 34 NIR SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 16 VCSEL MARKET, BY WAVELENGTH, 2018–2022 (USD MILLION)
TABLE 17 VCSEL MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION)
9.2 RED
9.2.1 VCSELS IN RED BAND HAVE WAVELENGTHS IN BETWEEN 650 NM AND 750 NM
TABLE 18 RED: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 19 RED: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
9.3 NEAR-INFRARED (NIR)
9.3.1 VCSELS IN NIR BAND HAVE WAVELENGTHS BETWEEN 750 NM AND 1,400 NM
TABLE 20 NIR: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 21 NIR: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
9.4 SHORTWAVE INFRARED (SWIR)
9.4.1 VCSELS IN SWIR BAND HAVE WAVELENGTHS BETWEEN 1,400 NM AND 3,000 NM
TABLE 22 SWIR: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 23 SWIR: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
10 VCSEL MARKET, BY MATERIAL
10.1 INTRODUCTION
FIGURE 35 GAAS-BASED VCSEL TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 24 VCSEL MARKET, BY MATERIAL, 2018–2022 (USD MILLION)
TABLE 25 VCSEL MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
10.2 GALLIUM ARGESIDE (GAAS)
10.2.1 GAAS-BASED VCSELS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 26 GAAS: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 27 GAAS: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
10.3 INDIUM PHOSPHIDE (INP)
10.3.1 MORE EXPENSIVE THAN GAAS DUE TO MATERIAL COSTS AND SMALL WAFER SIZE
TABLE 28 INP: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 29 INP: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
10.4 OTHERS
10.4.1 VCSELS IN THE SWIR BAND HAVE WAVELENGTH BETWEEN 1,400 NM AND 3,000 NM
TABLE 30 OTHERS: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION)
TABLE 31 OTHERS: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)
11 VCSEL MARKET, BY APPLICATION
11.1 INTRODUCTION
FIGURE 36 SENSING SEGMENT TO HOLD LARGEST SHARE OF VCSEL MARKET DURING FORECAST PERIOD
TABLE 32 VCSEL MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 33 VCSEL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.2 SENSING
11.2.1 3D SENSING
11.2.1.1 ToF camera
11.2.1.1.1 Proximity sensing
11.2.1.1.1.1 Proximity sensing widely used in smartphones
11.2.1.2 Structured light illumination
11.2.1.2.1 Increasing adoption of face recognition technologies in smart devices to create lucrative opportunities
11.2.1.3 Facial & gesture recognition
11.2.1.3.1 Increase in adoption of biometric technologies in smart devices to drive market
11.2.2 GAS SENSING
11.2.2.1 Single-mode VCSELs used for gas sensing in industrial environments
11.2.3 OPTICAL MICE
11.2.3.1 VCSEL-based optical mouse enables operations on various surfaces
11.3 DATA COMMUNICATION
11.3.1 OPTICAL TRANSCEIVERS & ACTIVE OPTICAL CABLES
11.3.1.1 Growing adoption of high data rate optical components in data centers to propel market
11.4 INDUSTRIAL HEATING & LASER PRINTING
11.4.1 ADDITIVE MANUFACTURING
11.4.1.1 VCSEL heating reduces thermal gradient in additive manufacturing
11.4.2 LASER PRINTING
11.4.2.1 Laser printing requires low-cost, single-mode VCSELs
11.5 EMERGING & OTHER APPLICATIONS
11.5.1 LIDAR
11.5.1.1 Developments in autonomous vehicles to create opportunities for applications of VCSELs in automotive LiDARs
11.5.2 IN-CABIN SENSING
11.5.2.1 Innovations in vehicle infotainment systems to boost demand for VCSELs
11.5.3 ATOMIC CLOCK & GPS
11.5.3.1 VCSELs make for compact and low-cost solutions for use in atomic clocks
11.5.4 MAGNETOMETER
11.5.4.1 Highly accurate detection of magnetic fields made possible with use of VCSEL-based magnetometers
11.5.5 INFRARED ILLUMINATION FOR SURVEILLANCE
11.5.5.1 VCSELs improve performance and visibility in security & surveillance applications
11.5.6 PULSE OXIMETRY
11.5.6.1 VCSELs provide benefits of narrower spectral linewidth emission for pulse oximetry applications
12 VCSEL MARKET, BY DATA RATE
12.1 INTRODUCTION
FIGURE 37 ABOVE 25 GBPS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 34 VCSEL MARKET FOR DATA COMMUNICATION, BY DATA RATE, 2018–2022 (USD MILLION)
TABLE 35 VCSEL MARKET FOR DATA COMMUNICATION, BY DATA RATE, 2023–2028 (USD MILLION)
12.2 UP TO 10 GBPS
12.2.1 VCSELS WITH DATA RATES UP TO 10 GBPS USED IN DATA COMMUNICATION APPLICATIONS
TABLE 36 VCSELS WITH DATA RATE UP TO 10 GBPS
12.3 10.1 TO 25 GBPS
12.3.1 VCSELS WITH DATA RATE OF 10.1 TO 25 GBPS DOMINATED MARKET IN 2022
TABLE 37 VCSELS WITH DATA RATE OF 10.1 TO 25 GBPS
12.4 ABOVE 25 GBPS
12.4.1 VCSELS WITH DATA RATE ABOVE 25 GBPS TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 38 VCSELS WITH DATA RATE ABOVE 25 GBPS
13 VCSEL MARKET, BY INDUSTRY
13.1 INTRODUCTION
FIGURE 38 CONSUMER ELECTRONICS INDUSTRY TO BE LARGEST SHAREHOLDER OF VCSEL MARKET DURING FORECAST PERIOD
TABLE 39 VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 40 VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
13.2 CONSUMER ELECTRONICS
13.2.1 CONSUMER ELECTRONICS HELD DOMINANT MARKET SHARE IN 2022
TABLE 41 CONSUMER ELECTRONICS: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 42 CONSUMER ELECTRONICS: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 43 CONSUMER ELECTRONICS: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 44 CONSUMER ELECTRONICS: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 45 CONSUMER ELECTRONICS: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 46 CONSUMER ELECTRONICS: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 47 CONSUMER ELECTRONICS: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 48 CONSUMER ELECTRONICS: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 49 CONSUMER ELECTRONICS: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD MILLION)
TABLE 50 CONSUMER ELECTRONICS: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD MILLION)
13.3 DATA CENTER
13.3.1 INCREASE IN DATA BANDWIDTH IN DATA CENTERS TO DRIVE DEMAND FOR VCSELS
TABLE 51 DATA CENTER: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 52 DATA CENTER: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 DATA CENTER: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 54 DATA CENTER: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 55 DATA CENTER: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 56 DATA CENTER: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 57 DATA CENTER: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 58 DATA CENTER: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 59 DATA CENTER: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD MILLION)
TABLE 60 DATA CENTER: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD MILLION)
13.4 AUTOMOTIVE
13.4.1 ADOPTION OF VCSELS IN AUTOMOTIVE LIDAR TO BOOST MARKET IN REST OF THE WORLD
TABLE 61 AUTOMOTIVE: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 62 AUTOMOTIVE: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 63 AUTOMOTIVE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD THOUSAND)
TABLE 64 AUTOMOTIVE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD THOUSAND)
TABLE 65 AUTOMOTIVE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD THOUSAND)
TABLE 66 AUTOMOTIVE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD THOUSAND)
TABLE 67 AUTOMOTIVE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD THOUSAND)
TABLE 68 AUTOMOTIVE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD THOUSAND)
TABLE 69 AUTOMOTIVE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND)
TABLE 70 AUTOMOTIVE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND)
13.5 COMMERCIAL & INDUSTRIAL
13.5.1 ADOPTION OF VCSELS ACROSS VARIOUS INDUSTRIAL APPLICATIONS TO FAVOR MARKET
TABLE 71 COMMERCIAL & INDUSTRIAL: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 72 COMMERCIAL & INDUSTRIAL: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 73 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 74 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 75 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 76 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 77 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 78 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 79 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND)
TABLE 80 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND)
13.6 HEALTHCARE
13.6.1 VCSELS USED FOR SCANNING AND IMAGING APPLICATIONS IN HEALTHCARE INDUSTRY
TABLE 81 HEALTHCARE: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 82 HEALTHCARE: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 83 HEALTHCARE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 84 HEALTHCARE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 85 HEALTHCARE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 86 HEALTHCARE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 87 HEALTHCARE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 88 HEALTHCARE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 89 HEALTHCARE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND)
TABLE 90 HEALTHCARE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND)
13.7 MILITARY
13.7.1 VCSELS USED FOR TACTICAL SURVEILLANCE AND OBSTACLE DETECTION IN MILITARY TASKS
TABLE 91 MILITARY: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 92 MILITARY: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 93 MILITARY: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 94 MILITARY: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 95 MILITARY: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 96 MILITARY: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 97 MILITARY: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 98 MILITARY: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 99 MILITARY: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND)
TABLE 100 MILITARY: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND)
14 VCSEL MARKET, BY REGION
14.1 INTRODUCTION
FIGURE 39 VCSEL MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 101 VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 102 VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
14.2 NORTH AMERICA
14.2.1 RECESSION IMPACT ON NORTH AMERICA
FIGURE 40 NORTH AMERICA: VCSEL MARKET SNAPSHOT
TABLE 103 NORTH AMERICA: VCSEL MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 104 NORTH AMERICA: VCSEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 105 US: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 106 US: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 107 CANADA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 108 CANADA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 109 MEXICO: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 110 MEXICO: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
14.2.2 US
14.2.2.1 US to dominate global VCSEL market during forecast period
14.2.3 CANADA
14.2.3.1 Data communication applications to drive market
14.2.4 MEXICO
14.2.4.1 Automotive industry to provide opportunities for market growth
14.3 EUROPE
14.3.1 RECESSION IMPACT ON EUROPE
FIGURE 41 EUROPE: VCSEL MARKET SNAPSHOT
TABLE 111 EUROPE: VCSEL MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 112 EUROPE: VCSEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 113 UK: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 114 UK: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
TABLE 115 GERMANY: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 116 GERMANY: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 117 FRANCE: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 118 FRANCE: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
TABLE 119 REST OF EUROPE: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 120 REST OF EUROPE: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
14.3.2 GERMANY
14.3.2.1 Germany to hold largest share of VCSEL market in Europe during forecast period
14.3.3 UK
14.3.3.1 Consumer electronics and communications sectors to drive market in UK
14.3.4 FRANCE
14.3.4.1 Demand from automotive industry to substantiate market growth
14.3.5 REST OF EUROPE
14.4 ASIA PACIFIC
14.4.1 RECESSION IMPACT ON ASIA PACIFIC
FIGURE 42 ASIA PACIFIC: VCSEL MARKET SNAPSHOT
TABLE 121 ASIA PACIFIC: VCSEL MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 122 ASIA PACIFIC: VCSEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 123 CHINA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 124 CHINA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 125 JAPAN: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 126 JAPAN: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 127 SOUTH KOREA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 128 SOUTH KOREA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
TABLE 129 REST OF ASIA PACIFIC: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION)
TABLE 130 REST OF ASIA PACIFIC: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
14.4.2 CHINA
14.4.2.1 China to account for largest share of VCSEL market in Asia Pacific during forecast period
14.4.3 JAPAN
14.4.3.1 Demand from consumer electronics and data center verticals to drive VCSEL market
14.4.4 SOUTH KOREA
14.4.4.1 VCSEL market in South Korea dominated by consumer electronics and telecommunications industries
14.4.5 REST OF ASIA PACIFIC
14.5 REST OF THE WORLD
14.5.1 RECESSION IMPACT ON REST OF THE WORLD
TABLE 131 REST OF THE WORLD: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 132 REST OF THE WORLD: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 133 SOUTH AMERICA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 134 SOUTH AMERICA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
TABLE 135 MIDDLE EAST & AFRICA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND)
TABLE 136 MIDDLE EAST & AFRICA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND)
14.5.2 SOUTH AMERICA
14.5.2.1 South America to hold larger share of VCSEL market in RoW during forecast period
14.5.3 MIDDLE EAST AND AFRICA
14.5.3.1 VCSEL market in Middle East & Africa at nascent stage
15 COMPETITIVE LANDSCAPE
15.1 OVERVIEW
15.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 137 OVERVIEW OF STRATEGIES DEPLOYED BY VCSEL MANUFACTURERS
15.2.1 PRODUCT PORTFOLIO
15.2.2 REGIONAL FOCUS
15.2.3 MANUFACTURING FOOTPRINT
15.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
15.3 MARKET SHARE ANALYSIS: VCSEL MARKET, 2022
TABLE 138 DEGREE OF COMPETITION, 2022
15.4 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 43 FIVE-YEAR REVENUE ANALYSIS OF TOP FOUR PLAYERS IN VCSEL MARKET
15.5 COMPANY EVALUATION QUADRANT
15.5.1 STARS
15.5.2 EMERGING LEADERS
15.5.3 PERVASIVE PLAYERS
15.5.4 PARTICIPANTS
FIGURE 44 VCSEL COMPANY EVALUATION QUADRANT, 2022
15.5.5 COMPANY FOOTPRINT
TABLE 139 OVERALL COMPANY FOOTPRINT
TABLE 140 COMPANY PRODUCT TYPE FOOTPRINT
TABLE 141 COMPANY INDUSTRY FOOTPRINT
TABLE 142 COMPANY REGION FOOTPRINT
15.6 START-UP/SME EVALUATION MATRIX
TABLE 143 LIST OF START-UP/SME COMPANIES IN VCSEL MARKET
15.6.1 PROGRESSIVE COMPANIES
15.6.2 RESPONSIVE COMPANIES
15.6.3 DYNAMIC COMPANIES
15.6.4 STARTING BLOCKS
FIGURE 45 VCSEL MARKET, START-UP/SME EVALUATION MATRIX, 2022
15.7 COMPETITIVE SCENARIOS AND TRENDS
15.7.1 PRODUCT LAUNCHES
TABLE 144 PRODUCT LAUNCHES, 2019–2022
15.7.2 DEALS
TABLE 145 DEALS, 2019–2022
16 COMPANY PROFILES
16.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats)*
16.1.1 COHERENT CORP.
TABLE 146 COHERENT: BUSINESS OVERVIEW
FIGURE 46 COHERENT: COMPANY SNAPSHOT
16.1.2 LUMENTUM
TABLE 147 LUMENTUM: BUSINESS OVERVIEW
FIGURE 47 LUMENTUM: COMPANY SNAPSHOT
16.1.3 AMS-OSRAM
TABLE 148 AMS-OSRAM: BUSINESS OVERVIEW
FIGURE 48 AMS-OSRAM: COMPANY SNAPSHOT
16.1.4 TRUMPF
TABLE 149 TRUMPF: BUSINESS OVERVIEW
FIGURE 49 TRUMPF: COMPANY SNAPSHOT
16.1.5 BROADCOM
TABLE 150 BROADCOM: BUSINESS OVERVIEW
FIGURE 50 BROADCOM: COMPANY SNAPSHOT
16.1.6 MKS INSTRUMENTS
TABLE 151 MKS INSTRUMENTS: BUSINESS OVERVIEW
FIGURE 51 MKS INSTRUMENTS: COMPANY SNAPSHOT
16.1.7 SANTEC
TABLE 152 SANTEC: BUSINESS OVERVIEW
FIGURE 52 SANTEC: COMPANY SNAPSHOT
16.1.8 LEONARDO ELECTRONICS
TABLE 153 LEONARDO ELECTRONICS: BUSINESS OVERVIEW
16.1.9 VERTILAS
TABLE 154 VERTILAS: BUSINESS OVERVIEW
16.1.10 VERTILITE
TABLE 155 VERTILITE: BUSINESS OVERVIEW
16.2 OTHER KEY PLAYERS
16.2.1 ALIGHT TECHNOLOGIES
16.2.2 TELEDYNE FLIR
16.2.3 INNEOS
16.2.4 IQE
16.2.5 THORLABS
16.2.6 TT ELECTRONICS
16.2.7 USHIO AMERICA
16.2.8 WIN SEMICONDUCTORS
16.2.9 FRANKFURT LASER COMPANY
16.2.10 INPHENIX, INC.
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
17 APPENDIX
17.1 DISCUSSION GUIDE
17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.3 CUSTOMIZATION OPTIONS
17.4 RELATED REPORTS
17.5 AUTHOR DETAILS
