Vertical Cavity Surface-Emitting Laser (VCSEL) Market Growth Analysis 2033

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Vertical Cavity Surface-Emitting Laser (VCSEL)
Global Market Report 2024
Market Size, Trends and Global Forecast 2024-2033
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Vertical Cavity Surface-Emitting Laser (VCSEL)
Global Market Segments
The Business Research Company segments its
Vertical Cavity Surface-Emitting Laser (VCSEL)
market report as
Single Mode, Multimode
By Type
Gallium Arsenide (GaAs), Indium Phosphide (InP),
Gallium Nitride, Other Materials
By Material
Red (650-750 nm), Near-Infrared (750-1400 nm),
Shortwave-Infrared (1400-3000 nm)
By Wavelength
By Application
Sensing, Data Communication, Infrared
Illumination, Industrial Heating, Pumping, Other
Applications
Consumer Electronics, Automotive, Data Center,
Commercial And Industrial, Healthcare, Military
By Industry
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Vertical Cavity Surface-Emitting Laser (VCSEL)
Market Statistics
The vertical-cavity surface-emitting laser
(VCSEL) market size has grown rapidly in recent
years. It will grow from 2.12 billion in 2023 to
2.42 billion in 2024 at a compound annual growth
rate (CAGR) of 13.9. It will grow to 3.95
billion in 2028 at a compound annual growth rate
(CAGR) of 13.0.
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Key Market Drivers And Trends
Drivers
Growth in cloud computing is expected to propel
the growth of the VCSEL market going forward.
Trends
3D sensing and automotive LiDAR are key trends
gaining popularity in the VCSEL market.
Region
North America was the largest region in the
vertical cavity surface-emitting laser (VCSEL)
market in 2023
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Key Market Players
Major players in the Vertical Cavity
Surface-Emitting Laser (VCSEL) Global Market
are Sony Group Corporation, Panasonic
Corporation, Broadcom Inc., Sumitomo Electric
Industries Ltd., NEC Corporation And more.
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