VCSEL Market by Type (Single-mode, Multimode), Material (GaAs, InP, Others), Wavelength, Application (Sensing, Data Communication), Industry (Consumer Electronics, Automotive, Data Center, Commercial & Industrial), and Geography - Global Forecast to 2025

VCSEL Market by Type (Single-mode, Multimode), Material (GaAs, InP, Others), Wavelength, Application (Sensing, Data Communication), Industry (Consumer Electronics, Automotive, Data Center, Commercial & Industrial), and Geography - Global Forecast to 2025

“VCSEL market projected to register a CAGR of 23.7% during 2020–2025”
The global VCSEL market size is expected to grow from USD 1.0 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 23.7%. One of the major driving factors for the market growth is the growing adoption of 3D sensing applications in smartphones. Also, due to the rising applications of VCSELs in data communication, the need for VCSELs is increasing. Moreover, the use of VCSELs in LiDAR systems of autonomous vehicles will provide significant opportunities for market players. However, the limited data transmission range offered by VCSELs is expected to restrain market growth.

“Based on wavelength, VCSEL market for near-infrared (NIR) range to grow at the highest CAGR during the forecast period”
The VCSELs operating in NIR wavelength range is expected to grow at the highest CAGR during the forecast period. VCSELs in the NIR wavelength are majorly used in smartphones for 3D sensing applications, such as face and gesture recognition. With the increasing adoption of these advanced technologies in smartphones by major smartphone manufacturers, such as Apple (US), Samsung (South Korea), Huawei (China) Oppo (China), and Xiaomi (China), the demand for VCSELs functioning in the NIR band is expected to increase significantly in the coming years. Also, these VCSELs are used in the automotive industry in advanced driver assistance systems (ADAS) and autonomous vehicles. With the growing advancements in the automotive industry related to autonomous vehicles, these VCSELs are expected to witness high adoption during the forecast period.

“Based on application, sensing segment to hold significant share from 2020 to 2025”
The sensing application is expected to hold the largest market share during the forecast period. Since the adoption of VCSELs by Apple for iPhone X, it created ample opportunities for the epiwafer, foundry, and VCSEL players. Other smartphone manufacturers, such as Xiaomi, Oppo, and Vivo, showed interest in the adoption of 3D sensing modules in their smartphones. For instance, Xiaomi Mi 8 Explore Edition supports facial recognition technology. Apple for iPhone X uses structured light technology for 3D sensing applications, such as facial recognition, security, gaming, or real-time filter applications. Increasing interests of various OEMs to drive the growth of the market for VCSEL sensing application.

“APAC VCSEL market to grow at significant CAGR during the forecast period”
The VCSEL market in APAC is expected to exhibit the highest CAGR during the forecast period. The global market players are experiencing high demand from countries such as China, Japan, and South Korea. APAC’s large population, along with increasing penetration of the internet, has spurred the demand for smartphones in recent years. APAC is a leading manufacturer and end user of consumer devices. The increasing importance of VCSELs and the increasing interest of OEMs to adopt these VCSELs in smart devices are expected to drive the growth of the market. Also, the development of data centers in these countries by companies such as Google (US), Facebook (US), and Microsoft (US) is projected to fuel the demand for VCSELs.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the VCSEL market space. The break-up of primary participants for the report has been shown below:
By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
By Designation: C-level Executives – 40%, Directors – 35%, and Others – 25%
By Region: North America – 45%, Europe – 30%, APAC – 15%, and RoW – 10%

The report profiles key players in the global VCSEL market with their respective market ranking analysis. Prominent players profiled in this report are II-VI (US), Lumentum (US), ams (Austria), TRUMPF (Germany), Broadcom (US), Leonardo Electronics (US), MKS Instruments (US), Santec (Japan), VERTILAS (Germany), Vertilite (China), Alight Technologies (Denmark), Coherent (US), FLIR (US), Inneos (US), IQE (UK), WIN Semiconductors (Taiwan), Thorlabs (US), TriLumina (US), TT Electronics (UK), and Ushio America (US).

The study includes an in-depth competitive analysis of these key players in the VCSEL market, with their business overview, recent developments, and key market strategies for leaders.

Research Coverage:
This research report categorizes the global VCSEL market by type, material, wavelength, data rate, application, industry, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the VCSEL industry and forecasts the same till 2025. Also, the report consists of a market ranking analysis of key players operating in the VCSEL market.

Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the VCSEL market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes market ranking analysis of major players, product launches, partnerships and collaborations, expansions, agreements, and acquisitions.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION AND SCOPE
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN VCSEL MARKET
    • VCSEL MARKET IN APAC, BY COUNTRY AND INDUSTRY
    • VCSEL MARKET, BY WAVELENGTH
    • COUNTRY-WISE VCSEL MARKET GROWTH RATE
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
    • COVID-19 (CORONAVIRUS) IMPACT ON VCSEL MARKET
  • VCSEL FABRICATION METHODS
    • INTRODUCTION
    • SELECTIVE OXIDATION
    • ION IMPLANTATION
  • APPLICATIONS OF VCSELs IN DIFFERENT TECHNOLOGIES
    • INTRODUCTION
    • DOT PROJECTOR
    • TIME-OF-FLIGHT (TOF)
      • PROXIMITY SENSING
    • FLOOD ILLUMINATOR
  • VCSEL MARKET, BY TYPE
    • INTRODUCTION
      • Table VCSEL MARKET SIZE, BY VALUE (USD MILLION) &BY VOLUME (MILLION UNITS), 2017-2025
      • Table VCSEL MARKET, BY TYPE, 2017-2025 (USD MILLION)
    • SINGLE-MODE
      • SINGLE-MODE VCSELS ARE EXTENSIVELY USED IN SENSING AND OPTICAL COMMUNICATION APPLICATIONS
        • Table VCSEL MARKET FOR SINGLE-MODE TYPE, BY MATERIAL, 2017-2025 (USD MILLION)
    • MULTIMODE
      • MULTIMODE VCSELS ARE EXPECTED TO HOLD LARGER MARKET SHARE DURING THE FORECAST PERIOD
        • Table VCSEL MARKET FOR MULTIMODE TYPE, BY MATERIAL, 2017-2025 (USD MILLION)
  • VCSEL MARKET, BY MATERIAL
    • INTRODUCTION
      • Table VCSEL MARKET, BY MATERIAL, 2017-2025 (USD MILLION)
    • GALLIUM ARSENIDE (GaAs)
      • GALLIUM ARSENIDE TO REGISTER THE HIGHEST CAGR DURING FORECAST PERIOD
        • Table VCSEL MARKET FOR GAAS MATERIAL, BY TYPE, 2017-2025 (USD MILLION)
    • INDIUM PHOSPHIDE (InP)
      • InP-BASED VCSELS HAVE GAINED IMPORTANCE IN RECENT YEARS AS THEY HELP TO LOWER SIGNAL LOSSES IN OPTICAL FIBER
        • Table VCSEL MARKET FOR INP MATERIAL, BY TYPE, 2017-2025 (USD MILLION)
    • OTHERS
      • GaN
        • Table VCSEL MARKET FOR OTHER MATERIALS, BY TYPE, 2017-2025 (USD MILLION)
  • VCSEL MARKET, BY WAVELENGTH
    • INTRODUCTION
      • Table VCSEL MARKET, BY WAVELENGTH, 2017-2025 (USD MILLION)
    • RED
      • VCSELS IN THE RED BAND HAVE WAVELENGTH IN BETWEEN 650NM AND 750NM
    • NEAR INFRARED (NIR)
      • VCSELS IN THE NIR BAND IS EXPECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    • SHORT WAVE INFRARED (SWIR)
      • VCSELS IN THE SWIR BAND HAVE A WAVELENGTH IN BETWEEN 1,400NM AND 3,000NM
  • VCSEL MARKET, BY APPLICATION
    • INTRODUCTION
      • Table VCSEL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
    • SENSING
      • 3D SENSING
      • GAS SENSING
      • OPTICAL MICE
    • DATA COMMUNICATION
      • OPTICAL TRANSCEIVERS & ACTIVE OPTICAL CABLES
    • INDUSTRIAL HEATING & LASER PRINTING
      • ADDITIVE MANUFACTURING
      • LASER PRINTING
    • EMERGING & OTHER APPLICATIONS
      • LIDAR
      • IN-CABIN SENSING
      • ATOMIC CLOCK & GPS
      • MAGNETOMETER
      • INFRARED ILLUMINATION FOR SURVEILLANCE
      • PULSE OXIMETRY
  • VCSEL MARKET, BY DATA RATE
    • INTRODUCTION
      • Table VCSEL MARKET, BY DATA RATE FOR DATA COMMUNICATION, 2017-2025 (USD MILLION)
    • UP TO 10 GBPS
      • VCSELS HAVING DATA RATES UP TO 10 GBPS ARE MAJORLY USED IN DATA COMMUNICATION APPLICATIONS
        • Table VCSELS WITH DATA RATE UP TO 10 GBPS
    • 10.1 TO 25 GBPS
      • VCSELS HAVING THE DATA RATE IN THE RANGE 10.1 TO 25 GBPS HELD THE LARGEST MARKET SHARE
        • Table VCSELS WITH 10.1-25 GBPS DATA RATE
    • ABOVE 25 GBPS
      • MARKET FOR VCSELS HAVING DATA RATE ABOVE 25 GBPS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
        • Table VCSELS WITH DATA RATE ABOVE 25 GBPS
  • VCSEL MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table VCSEL MARKET, BY INDUSTRY, 2017-2025 (USD MILLION)
    • CONSUMER ELECTRONICS
      • INCREASING USE OF VCSEL FOR 3D SENSING TO DRIVE GROWTH OF CONSUMER ELECTRONICS SEGMENT
        • Table VCSEL MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017-2025 (USD MILLION)
    • DATA CENTER
      • INCREASING NUMBER OF DATA CENTERS GLOBALLY IS FUELING THE DEMAND FOR VCSELS
        • Table VCSEL MARKET FOR DATA CENTER, BY REGION, 2017-2025 (USD MILLION)
    • AUTOMOTIVE
      • EVOLUTION OF AUTONOMOUS VEHICLES AND ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) TO DRIVE THE GROWTH AUTOMOTIVE INDUSTRY
        • Table VCSEL MARKET FOR AUTOMOTIVE, BY REGION, 2017-2025 (USD MILLION)
    • COMMERCIAL & INDUSTRIAL
      • VCSELS ARE USED IN VARIOUS INDUSTRIES FOR APPLICATIONS SUCH AS INFRARED ILLUMINATION, SENSING, LASER PRINTING, AND INDUSTRIAL HEATING
        • Table VCSEL MARKET FOR COMMERCIAL & INDUSTRIAL, BY REGION, 2017-2025 (USD MILLION)
    • HEALTHCARE
      • VCSELS ARE SUITABLE FOR SCANNING AND IMAGING APPLICATIONS IN THE HEALTHCARE INDUSTRY
        • Table VCSEL MARKET FOR HEALTHCARE, BY REGION, 2017-2025 (USD MILLION)
    • MILITARY
      • VCSELS ARE USED FOR TACTICAL SURVEILLANCE AND OBSTACLE DETECTION
        • Table VCSEL MARKET FOR MILITARY, BY REGION, 2017-2025 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table VCSEL MARKET, BY REGION, 2017-2025 (USD MILLION)
    • NORTH AMERICA
      • Table VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN NORTH AMERICA, BY INDUSTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN NORTH AMERICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN NORTH AMERICA FOR DATA CENTER, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN NORTH AMERICA FOR AUTOMOTIVE, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN NORTH AMERICA FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN NORTH AMERICA FOR HEALTHCARE, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN NORTH AMERICA FOR MILITARY, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • US
        • Table VCSEL MARKET IN US, BY INDUSTRY, 2017-2025 (USD MILLION)
      • CANADA
        • Table VCSEL MARKET IN CANADA, BY INDUSTRY, 2017-2025 (USD MILLION)
      • MEXICO
        • Table VCSEL MARKET IN MEXICO, BY INDUSTRY, 2017-2025 (USD MILLION)
    • EUROPE
      • Table VCSEL MARKET IN EUROPE, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN EUROPE, BY INDUSTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN EUROPE FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN EUROPE FOR DATA CENTER, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN EUROPE FOR AUTOMOTIVE, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN EUROPE FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN EUROPE FOR HEALTHCARE, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN EUROPE FOR MILITARY, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • UK
        • Table VCSEL MARKET IN UK, BY INDUSTRY, 2017-2025 (USD MILLION)
      • GERMANY
        • Table VCSEL MARKET IN GERMANY, BY INDUSTRY, 2017-2025 (USD MILLION)
      • FRANCE
        • Table VCSEL MARKET IN FRANCE, BY INDUSTRY, 2017-2025 (USD MILLION)
      • REST OF EUROPE
        • Table VCSEL MARKET IN REST OF EUROPE, BY INDUSTRY, 2017-2025 (USD MILLION)
    • ASIA PACIFIC (APAC)
      • Table VCSEL MARKET IN APAC, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN APAC, BY INDUSTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN APAC FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN APAC FOR DATA CENTER, BY COUNTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN APAC FOR AUTOMOTIVE, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN APAC FOR COMMERCIAL & INDUSTRIAL, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN APAC FOR HEALTHCARE, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN APAC FOR MILITARY, BY COUNTRY, 2017-2025 (USD THOUSAND)
      • CHINA
        • Table VCSEL MARKET IN CHINA, BY INDUSTRY, 2017-2025 (USD MILLION)
      • JAPAN
        • Table VCSEL MARKET IN JAPAN, BY INDUSTRY, 2017-2025 (USD MILLION)
      • SOUTH KOREA
        • Table VCSEL MARKET FOR SOUTH KOREA, BY INDUSTRY, 2017-2025 (USD MILLION)
      • REST OF APAC
        • Table VCSEL MARKET FOR REST OF APAC, BY INDUSTRY, 2017-2025 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • Table VCSEL MARKET IN ROW, BY REGION, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN ROW, BY INDUSTRY, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN ROW FOR CONSUMER ELECTRONICS, BY REGION, 2017-2025 (USD MILLION)
      • Table VCSEL MARKET IN ROW FOR DATA CENTER, BY REGION, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN ROW FOR AUTOMOTIVE, BY REGION, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN ROW FOR COMMERCIAL & INDUSTRIAL, BY REGION, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN ROW FOR HEALTHCARE, BY REGION, 2017-2025 (USD THOUSAND)
      • Table VCSEL MARKET IN ROW FOR MILITARY, BY REGION, 2017-2025 (USD THOUSAND)
      • SOUTH AMERICA
        • Table VCSEL MARKET IN SOUTH AMERICA, BY INDUSTRY, 2017-2025 (USD MILLION)
      • MIDDLE EAST & AFRICA
        • Table VCSEL MARKET IN MIDDLE EAST & AFRICA, BY INDUSTRY, 2017-2025 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS: VCSEL MARKET, 2019
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS)
    • BUSINESS STRATEGY EXCELLENCE (25 PLAYERS)
    • COMPETITIVE SITUATIONS AND TRENDS
      • PRODUCT LAUNCHES
        • Table PRODUCT LAUNCHES, 2018-2020
      • PARTNERSHIPS, AGREEMENTS, &JOINT VENTURES
        • Table PARTNERSHIPS, AGREEMENTS, &COLLABORATIONS, 2019-2020
      • EXPANSION
        • Table EXPANSION, 2017-2018
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2017-2020
  • COMPANY PROFILES
    • KEY PLAYERS
      • II-VI
      • LUMENTUM
      • AMS
      • TRUMPF
      • BROADCOM
      • LEONARDO ELECTRONICS (LASERTEL)
      • MKS INSTRUMENTS
      • SANTEC
      • VERTILAS
      • VERTILITE
    • OTHER PLAYERS
      • ALIGHT TECHNOLOGIES
      • COHERENT
      • FLIR
      • INNEOS
      • IQE
      • THORLABS
      • TRILUMINA
      • TT ELECTRONICS
      • USHIO AMERICA
      • WIN SEMICONDUCTORS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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