Vertical Cavity Surface Emitting Laser (VCSEL) Market Size, Share, Opportunities And Trends By Material (Gallium Arsenide, Indium Phosphide, Gallium Nitride, Others), By Type (Single Mode, Multimode), By End-User Industry (Consumer Electronics, Automotive, Telecommunication, Healthcare, Military And Defense, Industrial) And By Geography - Forecasts From 2019 To 2024

The Vertical Cavity Surface Emitting Laser (VCSEL) market is projected to grow at a CAGR of 26.26% to reach US$3,830.323 million by 2024, from US$945.455 million in 2018. Vertical cavity surface emitting laser (VCSEL) is the semiconductor-based laser diode that emits an efficient optical beam vertically from the topmost surface. The major factors driving the demand for VCSEL are the increasing adoption of these lasers for various applications including data transfer, proximity sensing, and infrared illumination. North America and Europe held a significant market share owing to the rising expenditure on research and development activities and early adoption of technology. The Asia Pacific region will witness impressive growth over the forecast period.

DRIVERS
• Implementation of front 3D imaging feature in the smartphones.
• Growing applications in intelligent and autonomous vehicles.

RESTRAINTS
• Availability of substitute

INDUSTRY UPDATE
• Finisar Corporation expanded its 3D VCSEL production capacity with the opening of its new facility in Sherman, Texas in July 2018.
• In December 2018, TRUMPF acquired Photonics GmbH from Philips – a leader in VCSEL market, enabling them to enter the new market and expand its existing portfolio.

Segmentation

The global VCSEL market has been analyzed through the following segments:

• By Material
o Gallium Arsenide
o Indium Phosphide
o Gallium Nitride
o Others

• By Type
o Single Mode
o Multimode

• By End-User Industry
o Consumer Electronics
o Automotive
o Telecommunication
o Healthcare
o Military and Defense
o Industrial

• By Geography

o North America
? USA
? Canada
? Mexico
o South America
? Brazil
? Argentina
? Others
o Europe
? United Kingdom
? Germany
? France
? Spain
? Others
o Middle East and Africa
? Israel
? Others
o Asia Pacific
? Japan
? China
? India
? South Korea
? Others

---

Frequently Asked Questions (FAQs)

Q1. What will be the vertical cavity surface emitting laser (VCSEL) market size by 2024?
A1. The vertical cavity surface emitting laser (VCSEL) market is projected to reach a total market size of US$3,830.323 million by 2025.

Q2. What is the size of global vertical cavity surface emitting laser market?
A2. Vertical Cavity Surface Emitting Laser (VCSEL) market was valued at US$945.455 million in 2019.

Q3. What are the growth prospects for the vertical cavity surface emitting laser market?
A3. The global vertical cavity surface emitting laser market is expected to grow at a CAGR of 26.26% during the forecast period.

Q4. Which region holds the largest market share in the VCSEL market?
A4. North America and Europe held a significant share in the VCSEL market owing to the rising expenditure on research and development activities and early adoption of technology.

Q5. What factors are anticipated to drive the VCSEL market growth?
A5. The major factors driving the demand for VCSEL are the increasing adoption of these lasers for various applications including data transfer, proximity sensing, and infrared illumination.

---