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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

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Date: 07-Feb-2023
No. of pages: 226
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“Growing demand for 3D sensing technology in smartphones is set to drive the VCSEL market.” 

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. This evolution 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%


The VCSEL market is dominated by a few globally established players such as Lumentum (US), Coherent Corporation (US), ams-OSRAM (Austria), TRUMPF (Germany), Broadcom (US), Leonardo Electronics (US), MKS Instruments (US), Santec (Japan), VERTILAS (Germany), Vertilite (China), Alight Technologies (Denmark), Inneos (US), IQE (UK), Thorlabs (UK), TT Electronics (UK), Ushio America (US), WIN Semiconductors (Taiwan), and Frankfurt Laser Company (Germany).

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.

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

Table Of Contents

1 Introduction 27
1.1 Study Objectives 27
1.2 Market Definition 27
1.2.1 Inclusions And Exclusions 28
1.3 Study Scope 29
Figure 1 VCSEL Market: Segmentation 29
1.3.1 Years Considered 30
1.4 Currency Considered 30
1.5 Units Considered 30
1.6 Stakeholders 30
1.7 Limitations 31
1.8 Summary Of Changes 31

2 Research Methodology 32
2.1 Research Data 32
Figure 2 VCSEL Market: Research Design 32
2.1.1 Secondary And Primary Research 33
2.1.1.1 Key Industry Insights 34
2.1.2 Secondary Data 34
2.1.2.1 List Of Key Secondary Sources 34
2.1.2.2 Key Data From Secondary Sources 35
2.1.3 Primary Data 35
2.1.3.1 Breakdown Of Primaries 36
2.1.3.2 Key Data From Primary Sources 37
2.2 Market Size Estimation 37
2.2.1 Bottom-Up Approach 38
2.2.1.1 Approach To Arrive At Market Size Using Bottom-Up Analysis (Demand Side) 38
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach 39
Figure 4 Market Size Estimation Methodology: (Demand Side)— Demand For VCSELs 39
2.2.2 Top-Down Approach 40
2.2.2.1 Approach To Obtain Market Size Using Top-Down Analysis (Supply Side) 40
Figure 5 Market Size Estimation Methodology: Top-Down Approach 40
Figure 6 Market Size Estimation Methodology: (Supply-Side)—Identification Of Revenues Generated By Companies From VCSEL Market 41
2.3 Market Breakdown And Data Triangulation 42
Figure 7 Data Triangulation 42
2.4 Research Assumptions 43
2.4.1 Assumptions 43
2.5 Parameters Considered To Analyze Impact Of Recession 43
2.5.1 Risk Assessment 44

3 Executive Summary 45
3.1 Recession Impact Analysis 45
Figure 8 Gdp Growth Projection Till 2023 For Major Economies 46
Figure 9 Recession Impact On VCSEL Market 46
Figure 10 Multimode Segment To Capture Higher Market Share In 2023 47
Figure 11 Gaas Segment To Hold Largest Market Share During Forecast Period 48
Figure 12 Nir Segment To Dominate Market During Forecast Period 48
Figure 13 10.1 To 25 Gbps Segment To Account For Largest Market Share During Forecast Period 49
Figure 14 Emerging And Other Applications Segment To Grow At Highest Cagr During Forecast Period 49
Figure 15 Automotive Segment To Register Highest Cagr During Forecast Period 50
Figure 16 VCSEL Market In Asia Pacific To Grow At Highest Cagr During Forecast Period 51

4 Premium Insights 52
4.1 Attractive Opportunities For VCSEL Market Players 52
Figure 17 Advantages Of Solid-State Technology, Compact Design, And Robustness To Drive VCSEL Market 52
4.2 VCSEL Market, By Type 52
Figure 18 Multimode Segment To Lead Market During Forecast Period 52
4.3 VCSEL Market, By Material 53
Figure 19 Gaas Segment To Account For Largest Market Share During Forecast Period 53
4.4 VCSEL Market, By Wavelength 53
Figure 20 Nir Segment To Capture Largest Market Share During 2023–2028 53
4.5 VCSEL Market, By Data Rate 54
Figure 21 10.1 To 25 Gbps Segment To Dominate Market During 2023–2028 54
4.6 VCSEL Market, By Application 54
Figure 22 Sensing Application To Account For Largest Market Share During Forecast Period 54
4.7 North America: VCSEL Market, By Industry And Country 55
Figure 23 Consumer Electronics And Us To Be Largest Shareholders Of VCSEL Market In North America In 2028 55
4.8 VCSEL Market, By Country 55
Figure 24 VCSEL Market To Record Highest Cagr In Asia Pacific In 2028 55

5 Market Overview 56
5.1 Introduction 56
5.2 Market Dynamics 56
Figure 25 Impact Of Drivers On VCSEL Market 56
Figure 26 Impact Of Opportunities On VCSEL Market 57
Figure 27 Impact Of Restraints And Challenges On VCSEL Market 57
5.2.1 Drivers 58
5.2.1.1 Growing Adoption Of 3d Sensing Applications In Smartphones 58
5.2.1.2 Increasing Application Of VCSELs In Data Communication 58
5.2.1.3 Increased Market Investment For VCSEL Manufacturing 58
5.2.2 Restraints 59
5.2.2.1 Limited Data Transmission Range 59
5.2.2.2 Limitations Of Semiconductor Materials Hampering Performance Of VCSELs 59
5.2.3 Opportunities 59
5.2.3.1 Use Of VCSELs In Lidar Systems For Automotive Applications 59
5.2.3.2 Growing Iot Market And Data Processing Across Commercial And Government Sectors 60
5.2.3.3 Growing Adoption Of VCSELs In Consumer Electronic Devices 60
5.2.4 Challenges 60
5.2.4.1 Manufacturing Defects In VCSELs 60
5.2.4.2 Recession Impact On Smartphone Market 61
5.3 Tariffs And Regulations 61
5.3.1 Tariff Related To VCSELs 61
5.4 Regulations 62
5.4.1 Global 62
5.4.1.1 International Electrotechnical Commission (Iec) 62
5.4.2 Europe 62
5.4.2.1 Restriction Of Hazardous Substances (Rohs) 62
5.4.2.2 European Standards (En) 62
5.4.3 Us 63
5.4.3.1 American National Standards Institute (Ansi) 63
5.4.3.2 Food And Drug Administration (Fda) 64
5.5 Case Study Analysis 64
5.5.1 Ams-Osram Provided VCSEL Array For Use In Xiaomi Mi8 Explorer Edition 64
5.5.2 Osram And Chronoptics Cooperated On Development Of 3d Tof Camera Kit 64
5.5.3 Ambarella, Lumentum, And On-Semiconductor Collaborated On Ai Processing-Based 3d Sensing For Next-Gen Aiot Devices 65
5.5.4 Lumentum Showcased Photonic Solutions At Ecoc 2020 65
5.5.5 Leonardo Electronics Offers Lidar Systems Leveraging Company VCSELs 65
5.5.6 Alight Technologies Developing 10 Gbps 1,300 Nm VCSEL 65
5.5.7 Inneos Developed VCSELs For Use In Satellites 65
5.5.8 Iqe Reached Key Milestones With Iqdn-VCSEL Technology 65
5.5.9 Win Semiconductors Supplies VCSELs To Apple 66
5.6 Average Selling Price Of VCSELs For Various End Products 66
Table 1 Asp Of VCSELs Used In Various End Products 66
Figure 28 Average Selling Price Forecast Of VCSELs, 2020–2026 (Usd) 66
Table 2 Average Selling Price Forecast Of VCSELs, 2020–2026 (Usd) 67
5.7 Value Chain Analysis 68
Figure 29 Value Chain Analysis Of VCSEL Ecosystem: R&D And Manufacturing Phases Contribute Maximum Value 68
5.8 Ecosystem/Market Map 70
Figure 30 VCSEL Market Ecosystem 70
5.8.1 Manufacturers 70
5.8.2 Suppliers 70
5.8.3 Distributors 71
5.8.4 Oems 71
5.9 Technology Analysis 71
5.9.1 Key Technologies 71
5.9.1.1 3d Camera 71
5.9.1.2 Lidar 71
5.9.2 Adjacent Technology 72
5.9.2.1 Edge Emitter Lasers (Eels) 72
5.10 Technology Analysis 72
5.10.1 New Materials Used In Manufacturing Of VCSELs 72
5.10.2 Miniaturization Of VCSELs 72
5.10.3 Under-Display VCSELs 72
5.11 Patent Analysis 73
Figure 31 Patent Application Trends For VCSELs, 2016–2020 75
5.12 Trade Data 75
5.12.1 Trade Data For Hs Code 854140 75
Table 3 Import Data For Hs Code 854140, By Country, 2016–2020 (Usd Billion) 76
Table 4 Export Data For Hs Code 854140, By Country, 2016–2020 (Usd Billion) 76
5.13 Porter’s Five Forces Analysis 77
Table 5 VCSEL Market: Porter’s Five Forces Analysis 77
5.13.1 Intensity Of Competitive Rivalry 77
5.13.2 Bargaining Power Of Suppliers 77
5.13.3 Bargaining Power Of Buyers 77
5.13.4 Threat Of Substitutes 78
5.13.5 Threat Of New Entrants 78
5.14 VCSEL Market: Supply Chain 78
5.15 Trends And Disruptions Impacting Customer Business 79
Figure 32 Revenue Shifts For VCSEL Market 79

6 VCSEL Fabrication Methods 80
6.1 Introduction 80
6.2 Selective Oxidization 80
6.2.1 Leads To Production Of Strong Electrical And Optical Confinement 80
6.3 Ion Implantation 80
6.3.1 Provides Highly Controlled Aperture That Leads To Higher And More Stable Productivity Of VCSELs 80

7 Applications Of VCSEL Technology In Smartphones 81
7.1 Introduction 81
7.2 Dot Projector 81
7.2.1 Enables Facial Recognition Feature In Smartphones 81
7.3 Time-Of-Flight (Tof) 81
7.3.1 Tof Modules Use VCSELs To Release Infrared Light 81
7.3.2 Proximity Sensing 82
7.4 Flood Illuminator 82
7.4.1 VCSELs Used By Flood Illuminators To Project Infrared Light Used To Illuminate Face Of Users 82

8 VCSEL Market, By Type 83
8.1 Introduction 84
Figure 33 Multimode Segment To Hold Larger Market Share During Forecast Period 84
Table 6 VCSEL Market, By Type, 2018–2022 (Usd Million) 84
Table 7 VCSEL Market, By Type, 2023–2028 (Usd Million) 84
8.2 Single-Mode 85
8.2.1 Single-Mode VCSELs Used For Low-Power Applications 85
Table 8 Single-Mode: VCSEL Market, By Material, 2018–2022 (Usd Million) 85
Table 9 Single-Mode: VCSEL Market, By Material, 2023–2028 (Usd Million) 85
Table 10 Single-Mode: VCSEL Market, By Wavelength, 2018–2022 (Usd Million) 86
Table 11 Single-Mode: VCSEL Market, By Wavelength, 2023–2028 (Usd Million) 86
8.3 Multimode 86
8.3.1 Multimode VCSELs Used For High-Power Applications 86
Table 12 Multimode: VCSEL Market, By Material, 2018–2022 (Usd Million) 86
Table 13 Multimode: VCSEL Market, By Material, 2023–2028 (Usd Million) 87
Table 14 Multimode: VCSEL Market, By Wavelength, 2018–2022 (Usd Million) 87
Table 15 Multimode: VCSEL Market, By Wavelength, 2023–2028 (Usd Million) 87

9 VCSEL Market, By Wavelength 88
9.1 Introduction 89
Figure 34 Nir Segment To Hold Largest Market Share During Forecast Period 89
Table 16 VCSEL Market, By Wavelength, 2018–2022 (Usd Million) 89
Table 17 VCSEL Market, By Wavelength, 2023–2028 (Usd Million) 89
9.2 Red 90
9.2.1 VCSELs In Red Band Have Wavelengths In Between 650 Nm And 750 Nm 90
Table 18 Red: VCSEL Market, By Type, 2018–2022 (Usd Million) 90
Table 19 Red: VCSEL Market, By Type, 2023–2028 (Usd Million) 90
9.3 Near-Infrared (Nir) 91
9.3.1 VCSELs In Nir Band Have Wavelengths Between 750 Nm And 1,400 Nm 91
Table 20 Nir: VCSEL Market, By Type, 2018–2022 (Usd Million) 91
Table 21 Nir: VCSEL Market, By Type, 2023–2028 (Usd Million) 91
9.4 Shortwave Infrared (Swir) 92
9.4.1 VCSELs In Swir Band Have Wavelengths Between 1,400 Nm And 3,000 Nm 92
Table 22 Swir: VCSEL Market, By Type, 2018–2022 (Usd Million) 92
Table 23 Swir: VCSEL Market, By Type, 2023–2028 (Usd Million) 92

10 VCSEL Market, By Application 93
10.1 Introduction 94
Figure 35 Sensing Segment To Hold Largest Share Of VCSEL Market During Forecast Period 94
Table 24 VCSEL Market, By Application, 2018–2022 (Usd Million) 94
Table 25 VCSEL Market, By Application, 2023–2028 (Usd Million) 95
10.2 Sensing 95
10.2.1 3d Sensing 96
10.2.1.1 Tof Camera 96
10.2.1.1.1 Proximity Sensing 96
10.2.1.1.1.1 Proximity Sensing Widely Used In Smartphones 96
10.2.1.2 Structured Light Illumination 96
10.2.1.2.1 Increasing Adoption Of Face Recognition Technologies In Smart Devices To Create Lucrative Opportunities 96
10.2.1.3 Facial & Gesture Recognition 97
10.2.1.3.1 Increase In Adoption Of Biometric Technologies In Smart Devices To Drive Market 97
10.2.2 Gas Sensing 97
10.2.2.1 Single-Mode VCSELs Used For Gas Sensing In Industrial Environments 97
10.2.3 Optical Mice 97
10.2.3.1 VCSEL-Based Optical Mouse Enables Operations On Various Surfaces 97
10.3 Data Communication 97
10.3.1 Optical Transceivers & Active Optical Cables 98
10.3.1.1 Growing Adoption Of High Data Rate Optical Components In Data Centers To Propel Market 98
10.4 Industrial Heating & Laser Printing 98
10.4.1 Additive Manufacturing 98
10.4.1.1 VCSEL Heating Reduces Thermal Gradient In Additive Manufacturing 98
10.4.2 Laser Printing 99
10.4.2.1 Laser Printing Requires Low-Cost, Single-Mode VCSELs 99
10.5 Emerging & Other Applications 99
10.5.1 Lidar 99
10.5.1.1 Developments In Autonomous Vehicles To Create Opportunities For Applications Of VCSELs In Automotive Lidars 99
10.5.2 In-Cabin Sensing 99
10.5.2.1 Innovations In Vehicle Infotainment Systems To Boost Demand For VCSELs 99
10.5.3 Atomic Clock & Gps 100
10.5.3.1 VCSELs Make For Compact And Low-Cost Solutions For Use In Atomic Clocks 100
10.5.4 Magnetometer 100
10.5.4.1 Highly Accurate Detection Of Magnetic Fields Made Possible With Use Of VCSEL-Based Magnetometers 100
10.5.5 Infrared Illumination For Surveillance 100
10.5.5.1 VCSELs Improve Performance And Visibility In Security & Surveillance Applications 100
10.5.6 Pulse Oximetry 101
10.5.6.1 VCSELs Provide Benefits Of Narrower Spectral Linewidth Emission For Pulse Oximetry Applications 101

11 VCSEL Market, By Data Rate 102
11.1 Introduction 103
Figure 36 Above 25 Gbps Segment To Grow At Highest Cagr During Forecast Period 103
Table 26 VCSEL Market For Data Communication, By Data Rate, 2018–2022 (Usd Million) 103
Table 27 VCSEL Market For Data Communication, By Data Rate, 2023–2028 (Usd Million) 104
11.2 Up To 10 Gbps 104
11.2.1 VCSELs With Data Rates Up To 10 Gbps Used In Data Communication Applications 104
Table 28 VCSELs With Data Rate Up To 10 Gbps 105
11.3 10.1 To 25 Gbps 105
11.3.1 VCSELs With Data Rate Of 10.1 To 25 Gbps Dominated Market In 2022 105
Table 29 VCSELs With Data Rate Of 10.1 To 25 Gbps 106
11.4 Above 25 Gbps 106
11.4.1 VCSELs With Data Rate Above 25 Gbps To Record Highest Growth During Forecast Period 106
Table 30 VCSELs With Data Rate Above 25 Gbps 107

12 VCSEL Market, By Industry 108
12.1 Introduction 109
Figure 37 Consumer Electronics Industry To Be Largest Shareholder Of VCSEL Market During Forecast Period 109
Table 31 VCSEL Market, By Industry, 2018–2022 (Usd Million) 109
Table 32 VCSEL Market, By Industry, 2023–2028 (Usd Million) 110
12.2 Consumer Electronics 111
12.2.1 Consumer Electronics Held Dominant Market Share In 2022 111
Table 33 Consumer Electronics: VCSEL Market, By Region, 2018–2022 (Usd Million) 111
Table 34 Consumer Electronics: VCSEL Market, By Region, 2023–2028 (Usd Million) 111
Table 35 Consumer Electronics: VCSEL Market In North America, By Country, 2018–2022 (Usd Million) 112
Table 36 Consumer Electronics: VCSEL Market In North America, By Country, 2023–2028 (Usd Million) 112
Table 37 Consumer Electronics: VCSEL Market In Europe, By Country, 2018–2022 (Usd Million) 112
Table 38 Consumer Electronics: VCSEL Market In Europe, By Country, 2023–2028 (Usd Million) 113
Table 39 Consumer Electronics: VCSEL Market In Asia Pacific, By Country, 2018–2022 (Usd Million) 113
Table 40 Consumer Electronics: VCSEL Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 113
Table 41 Consumer Electronics: VCSEL Market In Rest Of The World, By Region, 2018–2022 (Usd Million) 114
Table 42 Consumer Electronics: VCSEL Market In Rest Of The World, By Region, 2023–2028 (Usd Million) 114
12.3 Data Center 114
12.3.1 Increase In Data Bandwidth In Data Centers To Drive Demand For VCSELs 114
Table 43 Data Center: VCSEL Market, By Region, 2018–2022 (Usd Million) 115
Table 44 Data Center: VCSEL Market, By Region, 2023–2028 (Usd Million) 115
Table 45 Data Center: VCSEL Market In North America, By Country, 2018–2022 (Usd Million) 115
Table 46 Data Center: VCSEL Market In North America, By Country, 2023–2028 (Usd Million) 116
Table 47 Data Center: VCSEL Market In Europe, By Country, 2018–2022 (Usd Million) 116
Table 48 Data Center: VCSEL Market In Europe, By Country, 2023–2028 (Usd Million) 116
Table 49 Data Center: VCSEL Market In Asia Pacific, By Country, 2018–2022 (Usd Million) 117
Table 50 Data Center: VCSEL Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 117
Table 51 Data Center: VCSEL Market In Rest Of The World, By Region, 2018–2022 (Usd Million) 117
Table 52 Data Center: VCSEL Market In Rest Of The World, By Region, 2023–2028 (Usd Million) 118
12.4 Automotive 118
12.4.1 Adoption Of VCSELs In Automotive Lidar To Boost Market In Rest Of The World 118
Table 53 Automotive: VCSEL Market, By Region, 2018–2022 (Usd Million) 118
Table 54 Automotive: VCSEL Market, By Region, 2023–2028 (Usd Million) 119
Table 55 Automotive: VCSEL Market In North America, By Country, 2018–2022 (Usd Thousand) 119
Table 56 Automotive: VCSEL Market In North America, By Country, 2023–2028 (Usd Thousand) 119
Table 57 Automotive: VCSEL Market In Europe, By Country, 2018–2022 (Usd Thousand) 120
Table 58 Automotive: VCSEL Market In Europe, By Country, 2023–2028 (Usd Thousand) 120
Table 59 Automotive: VCSEL Market In Asia Pacific, By Country, 2018–2022 (Usd Thousand) 120
Table 60 Automotive: VCSEL Market In Asia Pacific, By Country, 2023–2028 (Usd Thousand) 121
Table 61 Automotive: VCSEL Market In Rest Of The World, By Region, 2018–2022 (Usd Thousand) 121
Table 62 Automotive: VCSEL Market In Rest Of The World, By Region, 2023–2028 (Usd Thousand) 121
12.5 Commercial & Industrial 122
12.5.1 Adoption Of VCSELs Across Various Industrial Applications To Favor Market 122
Table 63 Commercial & Industrial: VCSEL Market, By Region, 2018–2022 (Usd Million) 122
Table 64 Commercial & Industrial: VCSEL Market, By Region, 2023–2028 (Usd Million) 123
Table 65 Commercial & Industrial: VCSEL Market In North America, By Country, 2018–2022 (Usd Million) 123
Table 66 Commercial & Industrial: VCSEL Market In North America, By Country, 2023–2028 (Usd Million) 123
Table 67 Commercial & Industrial: VCSEL Market In Europe, By Country, 2018–2022 (Usd Million) 124
Table 68 Commercial & Industrial: VCSEL Market In Europe, By Country, 2023–2028 (Usd Million) 124
Table 69 Commercial & Industrial: VCSEL Market In Asia Pacific, By Country, 2018–2022 (Usd Million) 124
Table 70 Commercial & Industrial: VCSEL Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 125
Table 71 Commercial & Industrial: VCSEL Market In Rest Of The World, By Region, 2018–2022 (Usd Thousand) 125
Table 72 Commercial & Industrial: VCSEL Market In Rest Of The World, By Region, 2023–2028 (Usd Thousand) 125
12.6 Healthcare 126
12.6.1 VCSELs Used For Scanning And Imaging Applications In Healthcare Industry 126
Table 73 Healthcare: VCSEL Market, By Region, 2018–2022 (Usd Million) 126
Table 74 Healthcare: VCSEL Market, By Region, 2023–2028 (Usd Million) 126
Table 75 Healthcare: VCSEL Market In North America, By Country, 2018–2022 (Usd Million) 127
Table 76 Healthcare: VCSEL Market In North America, By Country, 2023–2028 (Usd Million) 127
Table 77 Healthcare: VCSEL Market In Europe, By Country, 2018–2022 (Usd Million) 127
Table 78 Healthcare: VCSEL Market In Europe, By Country, 2023–2028 (Usd Million) 128
Table 79 Healthcare: VCSEL Market In Asia Pacific, By Country, 2018–2022 (Usd Million) 128
Table 80 Healthcare: VCSEL Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 128
Table 81 Healthcare: VCSEL Market In Rest Of The World, By Region, 2018–2022 (Usd Thousand) 129
Table 82 Healthcare: VCSEL Market In Rest Of The World, By Region, 2023–2028 (Usd Thousand) 129
12.7 Military 129
12.7.1 VCSELs Used For Tactical Surveillance And Obstacle Detection In Military Tasks 129
Table 83 Military: VCSEL Market, By Region, 2018–2022 (Usd Million) 129
Table 84 Military: VCSEL Market, By Region, 2023–2028 (Usd Million) 130
Table 85 Military: VCSEL Market In North America, By Country, 2018–2022 (Usd Million) 130
Table 86 Military: VCSEL Market In North America, By Country, 2023–2028 (Usd Million) 130
Table 87 Military: VCSEL Market In Europe, By Country, 2018–2022 (Usd Million) 131
Table 88 Military: VCSEL Market In Europe, By Country, 2023–2028 (Usd Million) 131
Table 89 Military: VCSEL Market In Asia Pacific, By Country, 2018–2022 (Usd Million) 131
Table 90 Military: VCSEL Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 132
Table 91 Military: VCSEL Market In Rest Of The World, By Region, 2018–2022 (Usd Thousand) 132
Table 92 Military: VCSEL Market In Rest Of The World, By Region, 2023–2028 (Usd Thousand) 132

13 VCSEL Market, By Region 133
13.1 Introduction 134
Figure 38 VCSEL Market In Asia Pacific To Grow At Highest Cagr During Forecast Period 134
Table 93 VCSEL Market, By Region, 2018–2022 (Usd Million) 134
Table 94 VCSEL Market, By Region, 2023–2028 (Usd Million) 135
13.2 North America 135
13.2.1 Recession Impact On North America 135
Figure 39 North America: VCSEL Market Snapshot 136
Table 95 North America: VCSEL Market, By Country, 2018–2022 (Usd Million) 136
Table 96 North America: VCSEL Market, By Country, 2023–2028 (Usd Million) 137
Table 97 Us: VCSEL Market, By Industry, 2018–2022 (Usd Million) 137
Table 98 Us: VCSEL Market, By Industry, 2023–2028 (Usd Million) 137
Table 99 Canada: VCSEL Market, By Industry, 2018–2022 (Usd Million) 138
Table 100 Canada: VCSEL Market, By Industry, 2023–2028 (Usd Million) 138
Table 101 Mexico: VCSEL Market, By Industry, 2018–2022 (Usd Thousand) 138
Table 102 Mexico: VCSEL Market, By Industry, 2023–2028 (Usd Thousand) 139
13.2.2 Us 139
13.2.2.1 Us To Dominate Global VCSEL Market During Forecast Period 139
13.2.3 Canada 139
13.2.3.1 Data Communication Applications To Drive Market 139
13.2.4 Mexico 140
13.2.4.1 Automotive Industry To Provide Opportunities For Market Growth 140
13.3 Europe 140
13.3.1 Recession Impact On Europe 140
Figure 40 Europe: VCSEL Market Snapshot 141
Table 103 Europe: VCSEL Market, By Country, 2018–2022 (Usd Million) 141
Table 104 Europe: VCSEL Market, By Country, 2023–2028 (Usd Million) 142
Table 105 Uk: VCSEL Market, By Industry, 2018–2022 (Usd Thousand) 142
Table 106 Uk: VCSEL Market, By Industry, 2023–2028 (Usd Thousand) 142
Table 107 Germany: VCSEL Market, By Industry, 2018–2022 (Usd Million) 143
Table 108 Germany: VCSEL Market, By Industry, 2023–2028 (Usd Million) 143
Table 109 France: VCSEL Market, By Industry, 2018–2022 (Usd Thousand) 143
Table 110 France: VCSEL Market, By Industry, 2023–2028 (Usd Thousand) 144
Table 111 Rest Of Europe: VCSEL Market, By Industry, 2018–2022 (Usd Thousand) 144
Table 112 Rest Of Europe: VCSEL Market, By Industry, 2023–2028 (Usd Thousand) 144
13.3.2 Germany 145
13.3.2.1 Germany To Hold Largest Share Of VCSEL Market In Europe During Forecast Period 145
13.3.3 Uk 145
13.3.3.1 Consumer Electronics And Communications Sectors To Drive Market In Uk 145
13.3.4 France 145
13.3.4.1 Demand From Automotive Industry To Substantiate Market Growth 145
13.3.5 Rest Of Europe 145
13.4 Asia Pacific 146
13.4.1 Recession Impact On Asia Pacific 146
Figure 41 Asia Pacific: VCSEL Market Snapshot 147
Table 113 Asia Pacific: VCSEL Market, By Country, 2018–2022 (Usd Million) 147
Table 114 Asia Pacific: VCSEL Market, By Country, 2023–2028 (Usd Million) 148
Table 115 China: VCSEL Market, By Industry, 2018–2022 (Usd Million) 148
Table 116 China: VCSEL Market, By Industry, 2023–2028 (Usd Million) 148
Table 117 Japan: VCSEL Market, By Industry, 2018–2022 (Usd Million) 149
Table 118 Japan: VCSEL Market, By Industry, 2023–2028 (Usd Million) 149
Table 119 South Korea: VCSEL Market, By Industry, 2018–2022 (Usd Thousand) 149
Table 120 South Korea: VCSEL Market, By Industry, 2023–2028 (Usd Thousand) 150
Table 121 Rest Of Asia Pacific: VCSEL Market, By Industry, 2018–2022 (Usd Million) 150
Table 122 Rest Of Asia Pacific: VCSEL Market, By Industry, 2023–2028 (Usd Million) 150
13.4.2 China 151
13.4.2.1 China To Account For Largest Share Of VCSEL Market In Asia Pacific During Forecast Period 151
13.4.3 Japan 151
13.4.3.1 Demand From Consumer Electronics And Data Center Verticals To Drive VCSEL Market 151
13.4.4 South Korea 151
13.4.4.1 VCSEL Market In South Korea Dominated By Consumer Electronics And Telecommunications Industries 151
13.4.5 Rest Of Asia Pacific 152
13.5 Rest Of The World 152
13.5.1 Recession Impact On Rest Of The World 152
Table 123 Rest Of The World: VCSEL Market, By Region, 2018–2022 (Usd Million) 152
Table 124 Rest Of The World: VCSEL Market, By Region, 2023–2028 (Usd Million) 152
Table 125 South America: VCSEL Market, By Industry, 2018–2022 (Usd Thousand) 153
Table 126 South America: VCSEL Market, By Industry, 2023–2028 (Usd Thousand) 153
Table 127 Middle East & Africa: VCSEL Market, By Industry, 2018–2022 (Usd Thousand) 153
Table 128 Middle East & Africa: VCSEL Market, By Industry, 2023–2028 (Usd Thousand) 154
13.5.2 South America 154
13.5.2.1 South America To Hold Larger Share Of VCSEL Market In Row During Forecast Period 154
13.5.3 Middle East And Africa 154
13.5.3.1 VCSEL Market In Middle East & Africa At Nascent Stage 154

14 Competitive Landscape 155
14.1 Overview 155
14.2 Strategies Adopted By Key Players 155
Table 129 Overview Of Strategies Deployed By VCSEL Manufacturers 155
14.2.1 Product Portfolio 155
14.2.2 Regional Focus 155
14.2.3 Manufacturing Footprint 156
14.2.4 Organic/Inorganic Growth Strategies 156
14.3 Market Share Analysis: VCSEL Market, 2022 156
Table 130 Degree Of Competition, 2022 156
14.4 Five-Year Company Revenue Analysis 157
Figure 42 Five-Year Revenue Analysis Of Top Four Players In VCSEL Market 157
14.5 Company Evaluation Quadrant 157
14.5.1 Stars 157
14.5.2 Emerging Leaders 158
14.5.3 Pervasive Players 158
14.5.4 Participants 158
Figure 43 VCSEL Company Evaluation Quadrant, 2022 159
14.5.5 Company Footprint 160
Table 131 Overall Company Footprint 160
Table 132 Company Product Type Footprint 161
Table 133 Company Industry Footprint 162
Table 134 Company Region Footprint 163
14.6 Start-Up/Sme Evaluation Matrix 164
Table 135 List Of Start-Up/Sme Companies In VCSEL Market 164
14.6.1 Progressive Companies 165
14.6.2 Responsive Companies 165
14.6.3 Dynamic Companies 165
14.6.4 Starting Blocks 165
Figure 44 VCSEL Market, Start-Up/Sme Evaluation Matrix, 2022 166
14.7 Competitive Scenarios And Trends 167
14.7.1 Product Launches 167
Table 136 Product Launches, 2019–2022 167
14.7.2 Deals 170
Table 137 Deals, 2019–2022 170

15 Company Profiles 173
(Business Overview, Products Offered, Recent Developments, Mnm View Right To Win, Strategic Choices Made, Weaknesses And Competitive Threats) *
15.1 Key Players 173
15.1.1 Coherent Corp. 173
Table 138 Coherent: Business Overview 173
Figure 45 Coherent: Company Snapshot 174
15.1.2 Lumentum 179
Table 139 Lumentum: Business Overview 179
Figure 46 Lumentum: Company Snapshot 180
15.1.3 Ams-Osram 183
Table 140 Ams-Osram: Business Overview 183
Figure 47 Ams-Osram: Company Snapshot 184
15.1.4 Trumpf 188
Table 141 Trumpf: Business Overview 188
Figure 48 Trumpf: Company Snapshot 189
15.1.5 Broadcom 192
Table 142 Broadcom: Business Overview 192
Figure 49 Broadcom: Company Snapshot 193
15.1.6 Mks Instruments 195
Table 143 Mks Instruments: Business Overview 195
Figure 50 Mks Instruments: Company Snapshot 196
15.1.7 Santec 198
Table 144 Santec: Business Overview 198
Figure 51 Santec: Company Snapshot 199
15.1.8 Leonardo Electronics 201
Table 145 Leonardo Electronics: Business Overview 201
15.1.9 Vertilas 203
Table 146 Vertilas: Business Overview 203
15.1.10 Vertilite 204
Table 147 Vertilite: Business Overview 204
15.2 Other Key Players 205
15.2.1 Alight Technologies 205
15.2.2 Teledyne Flir 206
15.2.3 Inneos 207
15.2.4 Iqe 208
15.2.5 Thorlabs 209
15.2.6 Tt Electronics 210
15.2.7 Ushio America 211
15.2.8 Win Semiconductors 212
15.2.9 Frankfurt Laser Company 213
15.2.10 Inphenix, Inc. 213
*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.

16 Appendix 214
16.1 Discussion Guide 214
16.2 Knowledgestore: Marketsandmarkets’ Subscription Portal 218
16.3 Customization Options 220
16.4 Related Reports 220
16.5 Author Details 221

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