Research Code:MRSE -104472
Sku:MRSE -104472
The VCSEL (Vertical-cavity Surface-emitting Laser) market is expected to grow at a CAGR of 21.5% from 2020 to 2027 to reach $3.73 billion by 2027 from $954.5 million in 2020. The VCSEL market in terms of volume is estimated to grow at a CAGR of 31.9% from 2020 to 2027 to reach 3,854.3 million units by 2027 from 556.0 million units in 2020. Some of the key factors driving the market include the growing adoption of VCSEL for 3D-sensing applications and the increasing use of VCSEL in data centers. VCSEL is adopted in various applications such as 3D sensing, advanced driver assistance systems (ADAS), thermal heating and curing, optical encoders, atomic clocks, oxygen sensors, optical touchpads, and laser printing. It is widely adopted in the automotive industry for driver monitoring systems and autonomous vehicle applications. In recent years, various brands in the consumer electronics space have increased the use of VCSEL technology for 3D-sensing applications. The technology has addressed the challenges of a wide range of industries such as consumer electronics, automotive, healthcare, IT & telecom, manufacturing, and aerospace & defense.
Market vendors are increasingly investing in the research & development of VCSEL for various applications, which is creating opportunities for the VCSEL market players. Apart from VCSEL production, there has been a growth in the number of epitaxial wafer (epiwafers) suppliers in recent years.
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The Increasing Adoption of VCSEL for 3D-sensing Applications to Propel Market Growth
There have been significant technological advancements in the consumer electronics and automotive sectors in terms of sensing applications. One such recent development is the implementation of 3D sensing in smartphones, wearables, and tablets. 3D-sensing technology is mainly used for sensing depth and augmenting camera capabilities such as facial and object recognition. VCSEL technology has integrated 3D-sensing capabilities into mobile devices for biometric, gesture recognition, iris scanning, and facial recognition applications. Due to the significant demand for VCSEL, market players are enhancing their production capabilities. Many smartphone manufacturers have released new products with rear 3D-sensing modules using the ToF principle. VCSEL is also used in the automotive sector for in-cabin sensing, driver fatigue detection, and gesture recognition for in-car navigation and infotainment systems. All of these factors have led to the growing demand for VCSEL.
Growing Use of VCSEL in Data Centers to Support the Growth of the Market
High internet traffic has increased the demand for data centers. Many optical links used in data centers are based on VCSELs and multi-mode fiber. VCSEL is used in data centers as an optical transceiver for high-speed data transmission and offers high reliability and low power consumption while performing data analytics to improve decision-making capabilities.
VCSEL-based optical transceivers are mainly used for intra-datacenter connectivity for improving the overlapping of carriers and optical modes. It is mainly used for next-generation data communication applications to reach ultra-high transmission bit rates and extend the reach of the multi-mode fiber. The need for high data-transfer rates and high-speed transmission in data centers has increased the demand for VCSEL arrays.
The Impact of COVID-19 on the VCSEL Market
The COVID-19 pandemic has caused an economic downturn as several countries imposed strict lockdowns to contain the infection, severely affecting many industries, including manufacturing. There has been a significant impact on technology supply chains globally. The crisis has led to a decline in industrial activities leading to a slowdown in the production of key semiconductor components. Since China is a major semiconductors hub, disruptions in this region have had a severe impact on companies worldwide and enterprises in the electronics value chain.
The consumer electronics segment, one of the prominent adopters of VCSEL, has seen a significant drop in its sales during the COVID-19 pandemic. China is one of the largest production centers for consumer electronics, particularly smartphones. The impact on China’s semiconductor and consumer electronics markets severely affected the global smartphones market, leading to increased product delays and idle production. After a decline of 20% in the first two quarters, quarterly smartphone sales started to recover gradually. However, the sales continued to remain weaker compared to the same period of 2019. The effects of the pandemic were catalyzed by the U.S.-China trade war, compelling manufacturers to consider shifting their facilities to other Asian countries, such as Vietnam, India, Taiwan, and Malaysia. The smartphone market witnessed an overall decline of more than 10% in 2020. The top four smartphone vendors, namely Samsung, Huawei, Oppo, and Apple, recorded a decline during 2020. Since smartphones are a major application segment for VCSEL, the impact was felt in the VCSEL market as well. Advancements in technologies, such as autonomous driving, are expected to be delayed as OEMs and investors have reduced innovation funding to focus on everyday cash-management issues. Projects such as the testing of autonomous vehicles got postponed, further impacting the demand for VCSEL technology.
Key Findings of the VCSEL Market Study:
The Multi-mode VCSEL Segment to Dominate the Market
Based on type, the VCSEL market is segmented into multi-mode VCSEL and single-mode VCSEL. In 2020, the multi-mode VCSEL segment is expected to account for the larger share of the VCSEL market. Increasing VCSEL applications in data communication are expected to boost the demand for multi-mode VCSEL during the forecast period. Multi-mode VCSEL is mainly used for short-distance communications among users. The growing number of mobile devices has led to exponential volumes of content due to the increasing data exchange among users. VCSEL can transmit large volumes of data to a destination up to 100 meters at high transmission rates. Most data centers using VCSEL technology operate at 850nm over multi-mode optical fiber considering their future bandwidth requirements.
The Gallium Arsenide Segment to Dominate the VCSEL Market
Based on material, the VCSEL market is segmented into Gallium Arsenide, Gallium Nitride, Indium Phosphide, and other materials. In 2020, the Gallium Arsenide segment is expected to account for the largest share of the VCSEL market. Due to its suitable light sources, direct bandgap, high electron mobility, low noise, and high conversion efficiency, Gallium Arsenide-based VCSEL are used over long distances. They serve various applications, such as high-speed data transmission, high-resolution printing, and pumping of solid-state and fiber lasers.
The Sensing Segment to Account for the Largest Market Share
Based on application, the VCSEL market is segmented into sensing (3D sensing, gas sensing, and optical mice), data communication, industrial heating, laser printing, LiDAR, pulse oximetry, and other applications. The sensing segment is projected to account for the largest market share in 2020. The sensing segment has been further segmented into 3D sensing, gas sensing, and optical mice. 3D sensing is extensively used in the consumer electronics and automotive sectors. Under consumer electronics applications, VCSEL is used in smartphones for facial recognition, gesture recognition, and Animojis. The automotive industry uses VCSELs for in-cabin driver and passenger monitoring, driver assistance, and object recognition. Various automotive companies have started adopting this technology for measuring the distances between objects and vehicles. Many technology companies combine 3D sensors, software, and algorithms to enhance the end-user experience. VCSEL is used for indoor navigation, collision avoidance, iris scanning, tracking, gesture recognition, surveillance of target zones, and enhanced 3D photography.
The Consumer Electronics Segment to Account for the Largest Market Share in 2020
Based on end user, the market is segmented into consumer electronics, IT & telecom, industrial, aerospace & defense, healthcare, and automotive. The consumer electronics segment is expected to hold the largest market share in 2020. Continuous advancements in VCSEL technology for consumer electronics has encouraged many companies to incorporate VCSEL technology in their products. Implementation of VCSEL with advanced features in laser autofocus and proximity sensors in consumer electronics has boosted the VCSEL market globally. The technology is used in 3D sensing, face recognition, camera fill light, smart wearables, and many more applications. VCSEL in VR/AR headsets has introduced new experiences for users in shopping, gaming, and reading.
North America to Hold the Largest Market Share over the Forecast Period
North America is projected to command the largest share of the VCSEL market in 2020. North America has been an early adopter of advanced data-storage technologies. North America’s large share in the VCSEL market is mainly attributed to the presence of data centers and consumer electronics vendors such as Apple Inc., which utilize VCSEL for 3D-sensing applications. The presence of some of the major VCSEL providers such as Broadcom and Lumentum also supports North America’s large share in the VCSEL market.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants during the past three years (2018–2020). The key players operating in the VCSEL market are Lumentum Operations LLC (U.S.), II-VI Incorporated (U.S.), ams AG (Austria), Broadcom (U.S.), TRUMPF (Germany), Osram Opto Semiconductors GmbH (Germany), IQE PLC (U.K.), VERTILAS GmbH (Germany), Vertilite (China), FLIR Systems, Inc. (U.S.), Thorlabs, Inc. (U.S.), Leonardo S.p.A. (Italy), TT Electronics (U.K.), Photonwares Co. (U.S.), and Inneos LLC (U.S.).
Market Scope
VCSEL Market, by Type
VCSEL Market, by Material
VCSEL Market, by Application
VCSEL Market, by End User
VCSEL Market, by Geography
Key Questions Answered in the Report:
What will be the revenue generated from the sales of VCSEL across the globe? At what rate is the demand expected to grow over the next 5–7 years?
Which end-user segment showcases high growth opportunities for the VCSEL market players?
What are the key factors driving the growth of the VCSEL market? What are the major opportunities for existing market players and new entrants in the market?
What are the factors hindering the growth of the VCSEL market?
Who are the key players operating in the VCSEL market?
Which region is expected to offer significant growth opportunities for the VCSEL market players?
1. Introduction
1.1. Market Definition
1.2 Scope Of The Study
1.3. Market Ecosystem
1.4. Currency And Limitations
1.4.1. Currency
1.4.2. Limitations
1.5. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-Up Approach
2.3.3. Top-Down Approach
2.3.4. Growth Forecast
2.4. Assumptions For The Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, By Type
3.3. Market Analysis, By Material
3.4. Market Analysis, By Application
3.5. Market Analysis, By End User
3.6. Market Analysis, By Geography
3.7. Competitive Analysis
4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Adoption Of Vcsel For 3d Sensing Applications
4.2.1.2. Growing Use Of Vcsel In Data Centers
4.2.2. Restraint
4.2.2.1. Short Distance Data Transmission Range Of Vscel
4.2.3. Opportunities
4.2.3.1. Application Of Vcsel In Vehicle Automation
4.2.3.2. Demand For Vcsel In Emerging Technologies
4.2.4. Challenges
4.2.4.1. Scalability Issues
4.3 Covid-19 Impact Assessment
5. Vcsel Market, By Type
5.1. Introduction
5.2. Multi-Mode Vcsel
5.3. Single Mode Vcsel
6. Vcsel Market, By Material
6.1. Introduction
6.2. Gallium Arsenide
6.3. Gallium Nitride
6.4. Indium Phosphide
6.5. Other Materials
7. Vcsel Market, By Application
7.1. Introduction
7.2. Sensing
7.2.1. 3d Sensing
7.2.2. Gas Sensing
7.2.3. Optical Mice
7.3. Data Communication
7.4. Industrial Heating
7.5. Laser Printing
7.6. Lidar
7.7. Pulse Oximetry
7.8. Other Applications
8. Vcsel Market, By End User
8.1. Introduction
8.2. Consumer Electronics
8.3. It & Telecom
8.4. Industrial
8.5. Aerospace & Defense
8.6. Healthcare
8.7. Automotive
9. Global Vcsel Market, By Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Rest Of Europe (Roe)
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. South Korea
9.4.5. Rest Of Asia-Pacific (Roapac)
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Competitive Growth Strategies
10.1.1. Partnerships, Agreements, And Collaborations
10.1.2. Acquisitions
10.1.3. New Type Launches
10.1.4. Expansions
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, And Strategic Developments)
11.1. Lumentum Operations Llc
11.1.1. Business Overview
11.1.2. Financial Overview
11.1.3. Product Portfolio
11.1.4. Strategic Developments
11.2. Ii-Vi Incorporated
11.2.1. Business Overview
11.2.2. Financial Overview
11.2.3. Product Portfolio
11.2.4. Strategic Developments
11.3. Ams Ag
11.3.1. Business Overview
11.3.2. Financial Overview
11.3.3. Product Portfolio
11.3.4. Strategic Developments
11.4. Broadcom
11.4.1. Business Overview
11.4.2. Financial Overview
11.4.3. Product Portfolio
11.4.4. Strategic Developments
11.5. Trumpf
11.5.1. Business Overview
11.5.2. Financial Overview
11.5.3. Product Portfolio
11.5.4. Strategic Developments
11.6. Osram Opto Semiconductors Gmbh
11.6.1. Business Overview
11.6.2. Financial Overview
11.6.3. Product Portfolio
11.6.4. Strategic Developments
11.7. Iqe Plc
11.7.1. Business Overview
11.7.2. Financial Overview
11.7.3. Product Portfolio
11.7.4. Strategic Developments
11.8. Vertilas Gmbh
11.8.1. Business Overview
11.8.2. Financial Overview
11.8.3. Product Portfolio
11.8.4. Strategic Developments
11.9. Vertilite
11.9.1. Business Overview
11.9.2. Financial Overview
11.9.3. Product Portfolio
11.9.4. Strategic Developments
11.10. Flir Systems, Inc.
11.10.1. Business Overview
11.10.2. Financial Overview
11.10.3. Product Portfolio
11.10.4. Strategic Developments
11.11. Thorlabs, Inc.
11.11.1. Business Overview
11.11.2. Financial Overview
11.11.3. Product Portfolio
11.11.4. Strategic Developments
11.12. Leonardo S.P.A.
11.12.1. Business Overview
11.12.2. Financial Overview
11.12.3. Product Portfolio
11.12.4. Strategic Developments
11.13. Tt Electronics
11.13.1. Business Overview
11.13.2. Financial Overview
11.13.3. Product Portfolio
11.13.4. Strategic Developments
11.14. Photonwares Co.
11.14.1. Business Overview
11.14.2. Financial Overview
11.14.3. Product Portfolio
11.14.4. Strategic Developments
11.15. Inneos Llc
11.15.1. Business Overview
11.15.2. Financial Overview
11.15.3. Product Portfolio
11.15.4. Strategic Developments
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List Of Tables
Table 1 Currency Conversion Rate Into Usd, 2016–2019
Table 2 Global Vcsel Market Drivers: Impact Analysis (2018–2027)
Table 3 Global Vcsel Market Restraints: Impact Analysis (2018–2027)
Table 4 Global Vcsel Market Size, By Type, 2018–2027 (Usd Million)
Table 5 Vcsel Market Size For Multi-Mode Vcsel, By Country/Region, 2018–2027 (Usd Million)
Table 6 Vcsel Market Size For Single Mode Vcsel, By Country/Region, 2018–2027 (Usd Million)
Table 7 Global Vcsel Market Size, By Material, 2018–2027 (Usd Million)
Table 8 Vcsel Market Size For Gallium Arsenide, By Country/Region, 2018–2027 (Usd Million)
Table 9 Vcsel Market Size For Gallium Nitride, By Country/Region, 2018–2027 (Usd Million)
Table 10 Vcsel Market Size For Indium Phosphide, By Country/Region, 2018–2027 (Usd Million)
Table 11 Vcsel Market Size For Other Materials, By Country/Region, 2018–2027 (Usd Million)
Table 12 Global Vcsel Market Size, By Application, 2018–2027 (Usd Million)
Table 13 Vcsel Market Size For Sensing, By Country/Region, 2018–2027 (Usd Million)
Table 14 Vcsel Market Size For Data Communication, By Country/Region, 2018–2027 (Usd Million)
Table 15 Vcsel Market Size For Industrial Heating, By Country/Region, 2018–2027 (Usd Million)
Table 16 Vcsel Market Size For Laser Printing, By Country/Region, 2018–2027 (Usd Million)
Table 17 Vcsel Market Size For Lidar, By Country/Region, 2018–2027 (Usd Million)
Table 18 Vcsel Market Size For Pulse Oximetry, By Country/Region, 2018–2027 (Usd Million)
Table 19 Vcsel Market Size For Other Applications, By Country/Region, 2018–2027 (Usd Million)
Table 20 Global Vcsel Market Size, By End User, 2018–2027 (Usd Million)
Table 21 Vcsel Market Size For Consumer Electronics, By Country/Region, 2018–2027 (Usd Million)
Table 22 Vcsel Market Size For It & Telecom, By Country/Region, 2018–2027 (Usd Million)
Table 23 Vcsel Market Size For Industrial, By Country/Region, 2018–2027 (Usd Million)
Table 24 Vcsel Market Size For Aerospace & Defense, By Country/Region, 2018–2027 (Usd Million)
Table 25 Vcsel Market Size For Healthcare, By Country/Region, 2018–2027 (Usd Million)
Table 26 Vcsel Market Size For Automotive, By Country/Region, 2018–2027 (Usd Million)
Table 27 Global Vcsel Market, By Region, 2018–2027 (Usd Million)
Table 28 North America: Vcsel Market, By Country, 2018–2027 (Usd Million)
Table 29 North America: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 30 North America: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 31 North America: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 32 North America: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 33 U.S.: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 34 U.S.: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 35 U.S.: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 36 U.S.: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 37 Canada: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 38 Canada: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 39 Canada: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 40 Canada: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 41 Europe: Vcsel Market, By Country, 2018–2027 (Usd Million)
Table 42 Europe: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 43 Europe: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 44 Europe: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 45 Europe: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 46 Germany: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 47 Germany: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 48 Germany: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 49 Germany: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 50 U.K.: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 51 U.K.: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 52 U.K.: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 53 U.K.: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 54 France: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 55 France: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 56 France: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 57 France: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 58 Italy: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 59 Italy: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 60 Italy: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 61 Italy: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 62 Roe: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 63 Roe: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 64 Roe: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 65 Roe: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 66 Asia-Pacific: Vcsel Market, By Country, 2018–2027 (Usd Million)
Table 67 Asia-Pacific: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 68 Asia-Pacific: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 69 Asia-Pacific: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 70 Asia-Pacific: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 71 China: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 72 China: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 73 China: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 74 China: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 75 Japan: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 76 Japan: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 77 Japan: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 78 Japan: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 79 India: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 80 India: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 81 India: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 82 India: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 83 South Korea: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 84 South Korea: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 85 South Korea: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 86 South Korea: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 87 Roapac: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 88 Roapac: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 89 Roapac: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 90 Roapac: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 91 Latin America: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 92 Latin America: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 93 Latin America: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 94 Latin America: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 95 Mea: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 96 Mea: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 97 Mea: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 98 Mea: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 99 Recent Developments By Major Players During 2017–2020
Table 100 Partnerships, Agreements, And Collaborations, 2017–2020
Table 101 Acquisitions, 2017–2020
Table 102 New Material Launches, 2017–2020
Table 103 Expansions, 2017–2020
List Of Figures
Figure 1 Research End User
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Market Sizing And Growth Forecast Approach
Figure 6 Multi-Mode Segment Dominates The Global Vcsel Market
Figure 7 Gallium Arsenide Segment Dominates The Global Vcsel Market
Figure 8 Sensing Segment Dominates The Global Vcsel Market
Figure 9 Consumer Electronics Segment Dominates The Global Vcsel Market
Figure 10 Vcsel Market Overview: 2018–2027
Figure 11 Vcsel Market Size, By Type, 2018–2027 (Usd Million)
Figure 12 Vcsel Market Size, By Material, 2018–2027 (Usd Million)
Figure 13 Vcsel Market Size, By Application, 2018–2027 (Usd Million)
Figure 14 Vcsel Market Size, By End User, 2018–2027 (Usd Million)
Figure 15 Vcsel Market Size, By Region, 2018–2027 (Usd Million)
Figure 16 Growth Strategies Adopted By Key Players, 2017–2020
Figure 17 Lumentum Operations Llc: Financial Overview (2017–2019)
Figure 18 Ii-Vi Incorporated: Financial Overview (2017–2019)
Figure 19 Ams Ag: Financial Overview (2017–2019)
Figure 20 Broadcom: Financial Overview (2017–2019)
Figure 21 Trumpf: Financial Overview (2017–2019)
Figure 22 Osram Opto Semiconductors Gmbh: Financial Overview (2017–2019)
Figure 23 Iqe Plc: Financial Overview (2017–2019)
Figure 24 Vertilas Gmbh: Financial Overview (2017–2019)
Figure 25 Vertilite: Financial Overview (2017–2019)
Figure 26 Flir Systems, Inc.: Financial Overview (2017–2019)
Figure 27 Thorlabs, Inc.: Financial Overview (2017–2019)
Figure 28 Leonardo S.P.A.: Financial Overview (2017–2019)
Figure 29 Tt Electronics: Financial Overview (2017–2019)
Figure 30 Photonwares Co.: Financial Overview (2017–2019)
Figure 31 Inneos Llc: Financial Overview (2017–2019)
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The VCSEL (Vertical-cavity Surface-emitting Laser) market is expected to grow at a CAGR of 21.5% from 2020 to 2027 to reach $3.73 billion by 2027 from $954.5 million in 2020. The VCSEL market in terms of volume is estimated to grow at a CAGR of 31.9% from 2020 to 2027 to reach 3,854.3 million units by 2027 from 556.0 million units in 2020. Some of the key factors driving the market include the growing adoption of VCSEL for 3D-sensing applications and the increasing use of VCSEL in data centers. VCSEL is adopted in various applications such as 3D sensing, advanced driver assistance systems (ADAS), thermal heating and curing, optical encoders, atomic clocks, oxygen sensors, optical touchpads, and laser printing. It is widely adopted in the automotive industry for driver monitoring systems and autonomous vehicle applications. In recent years, various brands in the consumer electronics space have increased the use of VCSEL technology for 3D-sensing applications. The technology has addressed the challenges of a wide range of industries such as consumer electronics, automotive, healthcare, IT & telecom, manufacturing, and aerospace & defense.
Market vendors are increasingly investing in the research & development of VCSEL for various applications, which is creating opportunities for the VCSEL market players. Apart from VCSEL production, there has been a growth in the number of epitaxial wafer (epiwafers) suppliers in recent years.
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The Increasing Adoption of VCSEL for 3D-sensing Applications to Propel Market Growth
There have been significant technological advancements in the consumer electronics and automotive sectors in terms of sensing applications. One such recent development is the implementation of 3D sensing in smartphones, wearables, and tablets. 3D-sensing technology is mainly used for sensing depth and augmenting camera capabilities such as facial and object recognition. VCSEL technology has integrated 3D-sensing capabilities into mobile devices for biometric, gesture recognition, iris scanning, and facial recognition applications. Due to the significant demand for VCSEL, market players are enhancing their production capabilities. Many smartphone manufacturers have released new products with rear 3D-sensing modules using the ToF principle. VCSEL is also used in the automotive sector for in-cabin sensing, driver fatigue detection, and gesture recognition for in-car navigation and infotainment systems. All of these factors have led to the growing demand for VCSEL.
Growing Use of VCSEL in Data Centers to Support the Growth of the Market
High internet traffic has increased the demand for data centers. Many optical links used in data centers are based on VCSELs and multi-mode fiber. VCSEL is used in data centers as an optical transceiver for high-speed data transmission and offers high reliability and low power consumption while performing data analytics to improve decision-making capabilities.
VCSEL-based optical transceivers are mainly used for intra-datacenter connectivity for improving the overlapping of carriers and optical modes. It is mainly used for next-generation data communication applications to reach ultra-high transmission bit rates and extend the reach of the multi-mode fiber. The need for high data-transfer rates and high-speed transmission in data centers has increased the demand for VCSEL arrays.
The Impact of COVID-19 on the VCSEL Market
The COVID-19 pandemic has caused an economic downturn as several countries imposed strict lockdowns to contain the infection, severely affecting many industries, including manufacturing. There has been a significant impact on technology supply chains globally. The crisis has led to a decline in industrial activities leading to a slowdown in the production of key semiconductor components. Since China is a major semiconductors hub, disruptions in this region have had a severe impact on companies worldwide and enterprises in the electronics value chain.
The consumer electronics segment, one of the prominent adopters of VCSEL, has seen a significant drop in its sales during the COVID-19 pandemic. China is one of the largest production centers for consumer electronics, particularly smartphones. The impact on China’s semiconductor and consumer electronics markets severely affected the global smartphones market, leading to increased product delays and idle production. After a decline of 20% in the first two quarters, quarterly smartphone sales started to recover gradually. However, the sales continued to remain weaker compared to the same period of 2019. The effects of the pandemic were catalyzed by the U.S.-China trade war, compelling manufacturers to consider shifting their facilities to other Asian countries, such as Vietnam, India, Taiwan, and Malaysia. The smartphone market witnessed an overall decline of more than 10% in 2020. The top four smartphone vendors, namely Samsung, Huawei, Oppo, and Apple, recorded a decline during 2020. Since smartphones are a major application segment for VCSEL, the impact was felt in the VCSEL market as well. Advancements in technologies, such as autonomous driving, are expected to be delayed as OEMs and investors have reduced innovation funding to focus on everyday cash-management issues. Projects such as the testing of autonomous vehicles got postponed, further impacting the demand for VCSEL technology.
Key Findings of the VCSEL Market Study:
The Multi-mode VCSEL Segment to Dominate the Market
Based on type, the VCSEL market is segmented into multi-mode VCSEL and single-mode VCSEL. In 2020, the multi-mode VCSEL segment is expected to account for the larger share of the VCSEL market. Increasing VCSEL applications in data communication are expected to boost the demand for multi-mode VCSEL during the forecast period. Multi-mode VCSEL is mainly used for short-distance communications among users. The growing number of mobile devices has led to exponential volumes of content due to the increasing data exchange among users. VCSEL can transmit large volumes of data to a destination up to 100 meters at high transmission rates. Most data centers using VCSEL technology operate at 850nm over multi-mode optical fiber considering their future bandwidth requirements.
The Gallium Arsenide Segment to Dominate the VCSEL Market
Based on material, the VCSEL market is segmented into Gallium Arsenide, Gallium Nitride, Indium Phosphide, and other materials. In 2020, the Gallium Arsenide segment is expected to account for the largest share of the VCSEL market. Due to its suitable light sources, direct bandgap, high electron mobility, low noise, and high conversion efficiency, Gallium Arsenide-based VCSEL are used over long distances. They serve various applications, such as high-speed data transmission, high-resolution printing, and pumping of solid-state and fiber lasers.
The Sensing Segment to Account for the Largest Market Share
Based on application, the VCSEL market is segmented into sensing (3D sensing, gas sensing, and optical mice), data communication, industrial heating, laser printing, LiDAR, pulse oximetry, and other applications. The sensing segment is projected to account for the largest market share in 2020. The sensing segment has been further segmented into 3D sensing, gas sensing, and optical mice. 3D sensing is extensively used in the consumer electronics and automotive sectors. Under consumer electronics applications, VCSEL is used in smartphones for facial recognition, gesture recognition, and Animojis. The automotive industry uses VCSELs for in-cabin driver and passenger monitoring, driver assistance, and object recognition. Various automotive companies have started adopting this technology for measuring the distances between objects and vehicles. Many technology companies combine 3D sensors, software, and algorithms to enhance the end-user experience. VCSEL is used for indoor navigation, collision avoidance, iris scanning, tracking, gesture recognition, surveillance of target zones, and enhanced 3D photography.
The Consumer Electronics Segment to Account for the Largest Market Share in 2020
Based on end user, the market is segmented into consumer electronics, IT & telecom, industrial, aerospace & defense, healthcare, and automotive. The consumer electronics segment is expected to hold the largest market share in 2020. Continuous advancements in VCSEL technology for consumer electronics has encouraged many companies to incorporate VCSEL technology in their products. Implementation of VCSEL with advanced features in laser autofocus and proximity sensors in consumer electronics has boosted the VCSEL market globally. The technology is used in 3D sensing, face recognition, camera fill light, smart wearables, and many more applications. VCSEL in VR/AR headsets has introduced new experiences for users in shopping, gaming, and reading.
North America to Hold the Largest Market Share over the Forecast Period
North America is projected to command the largest share of the VCSEL market in 2020. North America has been an early adopter of advanced data-storage technologies. North America’s large share in the VCSEL market is mainly attributed to the presence of data centers and consumer electronics vendors such as Apple Inc., which utilize VCSEL for 3D-sensing applications. The presence of some of the major VCSEL providers such as Broadcom and Lumentum also supports North America’s large share in the VCSEL market.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants during the past three years (2018–2020). The key players operating in the VCSEL market are Lumentum Operations LLC (U.S.), II-VI Incorporated (U.S.), ams AG (Austria), Broadcom (U.S.), TRUMPF (Germany), Osram Opto Semiconductors GmbH (Germany), IQE PLC (U.K.), VERTILAS GmbH (Germany), Vertilite (China), FLIR Systems, Inc. (U.S.), Thorlabs, Inc. (U.S.), Leonardo S.p.A. (Italy), TT Electronics (U.K.), Photonwares Co. (U.S.), and Inneos LLC (U.S.).
Market Scope
VCSEL Market, by Type
VCSEL Market, by Material
VCSEL Market, by Application
VCSEL Market, by End User
VCSEL Market, by Geography
Key Questions Answered in the Report:
1. Introduction
1.1. Market Definition
1.2 Scope Of The Study
1.3. Market Ecosystem
1.4. Currency And Limitations
1.4.1. Currency
1.4.2. Limitations
1.5. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-Up Approach
2.3.3. Top-Down Approach
2.3.4. Growth Forecast
2.4. Assumptions For The Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, By Type
3.3. Market Analysis, By Material
3.4. Market Analysis, By Application
3.5. Market Analysis, By End User
3.6. Market Analysis, By Geography
3.7. Competitive Analysis
4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Adoption Of Vcsel For 3d Sensing Applications
4.2.1.2. Growing Use Of Vcsel In Data Centers
4.2.2. Restraint
4.2.2.1. Short Distance Data Transmission Range Of Vscel
4.2.3. Opportunities
4.2.3.1. Application Of Vcsel In Vehicle Automation
4.2.3.2. Demand For Vcsel In Emerging Technologies
4.2.4. Challenges
4.2.4.1. Scalability Issues
4.3 Covid-19 Impact Assessment
5. Vcsel Market, By Type
5.1. Introduction
5.2. Multi-Mode Vcsel
5.3. Single Mode Vcsel
6. Vcsel Market, By Material
6.1. Introduction
6.2. Gallium Arsenide
6.3. Gallium Nitride
6.4. Indium Phosphide
6.5. Other Materials
7. Vcsel Market, By Application
7.1. Introduction
7.2. Sensing
7.2.1. 3d Sensing
7.2.2. Gas Sensing
7.2.3. Optical Mice
7.3. Data Communication
7.4. Industrial Heating
7.5. Laser Printing
7.6. Lidar
7.7. Pulse Oximetry
7.8. Other Applications
8. Vcsel Market, By End User
8.1. Introduction
8.2. Consumer Electronics
8.3. It & Telecom
8.4. Industrial
8.5. Aerospace & Defense
8.6. Healthcare
8.7. Automotive
9. Global Vcsel Market, By Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Rest Of Europe (Roe)
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. South Korea
9.4.5. Rest Of Asia-Pacific (Roapac)
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Competitive Growth Strategies
10.1.1. Partnerships, Agreements, And Collaborations
10.1.2. Acquisitions
10.1.3. New Type Launches
10.1.4. Expansions
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, And Strategic Developments)
11.1. Lumentum Operations Llc
11.1.1. Business Overview
11.1.2. Financial Overview
11.1.3. Product Portfolio
11.1.4. Strategic Developments
11.2. Ii-Vi Incorporated
11.2.1. Business Overview
11.2.2. Financial Overview
11.2.3. Product Portfolio
11.2.4. Strategic Developments
11.3. Ams Ag
11.3.1. Business Overview
11.3.2. Financial Overview
11.3.3. Product Portfolio
11.3.4. Strategic Developments
11.4. Broadcom
11.4.1. Business Overview
11.4.2. Financial Overview
11.4.3. Product Portfolio
11.4.4. Strategic Developments
11.5. Trumpf
11.5.1. Business Overview
11.5.2. Financial Overview
11.5.3. Product Portfolio
11.5.4. Strategic Developments
11.6. Osram Opto Semiconductors Gmbh
11.6.1. Business Overview
11.6.2. Financial Overview
11.6.3. Product Portfolio
11.6.4. Strategic Developments
11.7. Iqe Plc
11.7.1. Business Overview
11.7.2. Financial Overview
11.7.3. Product Portfolio
11.7.4. Strategic Developments
11.8. Vertilas Gmbh
11.8.1. Business Overview
11.8.2. Financial Overview
11.8.3. Product Portfolio
11.8.4. Strategic Developments
11.9. Vertilite
11.9.1. Business Overview
11.9.2. Financial Overview
11.9.3. Product Portfolio
11.9.4. Strategic Developments
11.10. Flir Systems, Inc.
11.10.1. Business Overview
11.10.2. Financial Overview
11.10.3. Product Portfolio
11.10.4. Strategic Developments
11.11. Thorlabs, Inc.
11.11.1. Business Overview
11.11.2. Financial Overview
11.11.3. Product Portfolio
11.11.4. Strategic Developments
11.12. Leonardo S.P.A.
11.12.1. Business Overview
11.12.2. Financial Overview
11.12.3. Product Portfolio
11.12.4. Strategic Developments
11.13. Tt Electronics
11.13.1. Business Overview
11.13.2. Financial Overview
11.13.3. Product Portfolio
11.13.4. Strategic Developments
11.14. Photonwares Co.
11.14.1. Business Overview
11.14.2. Financial Overview
11.14.3. Product Portfolio
11.14.4. Strategic Developments
11.15. Inneos Llc
11.15.1. Business Overview
11.15.2. Financial Overview
11.15.3. Product Portfolio
11.15.4. Strategic Developments
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List Of Tables
Table 1 Currency Conversion Rate Into Usd, 2016–2019
Table 2 Global Vcsel Market Drivers: Impact Analysis (2018–2027)
Table 3 Global Vcsel Market Restraints: Impact Analysis (2018–2027)
Table 4 Global Vcsel Market Size, By Type, 2018–2027 (Usd Million)
Table 5 Vcsel Market Size For Multi-Mode Vcsel, By Country/Region, 2018–2027 (Usd Million)
Table 6 Vcsel Market Size For Single Mode Vcsel, By Country/Region, 2018–2027 (Usd Million)
Table 7 Global Vcsel Market Size, By Material, 2018–2027 (Usd Million)
Table 8 Vcsel Market Size For Gallium Arsenide, By Country/Region, 2018–2027 (Usd Million)
Table 9 Vcsel Market Size For Gallium Nitride, By Country/Region, 2018–2027 (Usd Million)
Table 10 Vcsel Market Size For Indium Phosphide, By Country/Region, 2018–2027 (Usd Million)
Table 11 Vcsel Market Size For Other Materials, By Country/Region, 2018–2027 (Usd Million)
Table 12 Global Vcsel Market Size, By Application, 2018–2027 (Usd Million)
Table 13 Vcsel Market Size For Sensing, By Country/Region, 2018–2027 (Usd Million)
Table 14 Vcsel Market Size For Data Communication, By Country/Region, 2018–2027 (Usd Million)
Table 15 Vcsel Market Size For Industrial Heating, By Country/Region, 2018–2027 (Usd Million)
Table 16 Vcsel Market Size For Laser Printing, By Country/Region, 2018–2027 (Usd Million)
Table 17 Vcsel Market Size For Lidar, By Country/Region, 2018–2027 (Usd Million)
Table 18 Vcsel Market Size For Pulse Oximetry, By Country/Region, 2018–2027 (Usd Million)
Table 19 Vcsel Market Size For Other Applications, By Country/Region, 2018–2027 (Usd Million)
Table 20 Global Vcsel Market Size, By End User, 2018–2027 (Usd Million)
Table 21 Vcsel Market Size For Consumer Electronics, By Country/Region, 2018–2027 (Usd Million)
Table 22 Vcsel Market Size For It & Telecom, By Country/Region, 2018–2027 (Usd Million)
Table 23 Vcsel Market Size For Industrial, By Country/Region, 2018–2027 (Usd Million)
Table 24 Vcsel Market Size For Aerospace & Defense, By Country/Region, 2018–2027 (Usd Million)
Table 25 Vcsel Market Size For Healthcare, By Country/Region, 2018–2027 (Usd Million)
Table 26 Vcsel Market Size For Automotive, By Country/Region, 2018–2027 (Usd Million)
Table 27 Global Vcsel Market, By Region, 2018–2027 (Usd Million)
Table 28 North America: Vcsel Market, By Country, 2018–2027 (Usd Million)
Table 29 North America: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 30 North America: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 31 North America: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 32 North America: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 33 U.S.: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 34 U.S.: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 35 U.S.: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 36 U.S.: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 37 Canada: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 38 Canada: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 39 Canada: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 40 Canada: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 41 Europe: Vcsel Market, By Country, 2018–2027 (Usd Million)
Table 42 Europe: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 43 Europe: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 44 Europe: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 45 Europe: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 46 Germany: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 47 Germany: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 48 Germany: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 49 Germany: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 50 U.K.: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 51 U.K.: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 52 U.K.: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 53 U.K.: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 54 France: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 55 France: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 56 France: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 57 France: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 58 Italy: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 59 Italy: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 60 Italy: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 61 Italy: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 62 Roe: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 63 Roe: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 64 Roe: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 65 Roe: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 66 Asia-Pacific: Vcsel Market, By Country, 2018–2027 (Usd Million)
Table 67 Asia-Pacific: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 68 Asia-Pacific: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 69 Asia-Pacific: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 70 Asia-Pacific: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 71 China: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 72 China: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 73 China: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 74 China: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 75 Japan: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 76 Japan: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 77 Japan: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 78 Japan: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 79 India: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 80 India: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 81 India: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 82 India: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 83 South Korea: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 84 South Korea: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 85 South Korea: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 86 South Korea: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 87 Roapac: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 88 Roapac: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 89 Roapac: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 90 Roapac: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 91 Latin America: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 92 Latin America: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 93 Latin America: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 94 Latin America: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 95 Mea: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 96 Mea: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 97 Mea: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 98 Mea: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 99 Recent Developments By Major Players During 2017–2020
Table 100 Partnerships, Agreements, And Collaborations, 2017–2020
Table 101 Acquisitions, 2017–2020
Table 102 New Material Launches, 2017–2020
Table 103 Expansions, 2017–2020
List Of Figures
Figure 1 Research End User
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Market Sizing And Growth Forecast Approach
Figure 6 Multi-Mode Segment Dominates The Global Vcsel Market
Figure 7 Gallium Arsenide Segment Dominates The Global Vcsel Market
Figure 8 Sensing Segment Dominates The Global Vcsel Market
Figure 9 Consumer Electronics Segment Dominates The Global Vcsel Market
Figure 10 Vcsel Market Overview: 2018–2027
Figure 11 Vcsel Market Size, By Type, 2018–2027 (Usd Million)
Figure 12 Vcsel Market Size, By Material, 2018–2027 (Usd Million)
Figure 13 Vcsel Market Size, By Application, 2018–2027 (Usd Million)
Figure 14 Vcsel Market Size, By End User, 2018–2027 (Usd Million)
Figure 15 Vcsel Market Size, By Region, 2018–2027 (Usd Million)
Figure 16 Growth Strategies Adopted By Key Players, 2017–2020
Figure 17 Lumentum Operations Llc: Financial Overview (2017–2019)
Figure 18 Ii-Vi Incorporated: Financial Overview (2017–2019)
Figure 19 Ams Ag: Financial Overview (2017–2019)
Figure 20 Broadcom: Financial Overview (2017–2019)
Figure 21 Trumpf: Financial Overview (2017–2019)
Figure 22 Osram Opto Semiconductors Gmbh: Financial Overview (2017–2019)
Figure 23 Iqe Plc: Financial Overview (2017–2019)
Figure 24 Vertilas Gmbh: Financial Overview (2017–2019)
Figure 25 Vertilite: Financial Overview (2017–2019)
Figure 26 Flir Systems, Inc.: Financial Overview (2017–2019)
Figure 27 Thorlabs, Inc.: Financial Overview (2017–2019)
Figure 28 Leonardo S.P.A.: Financial Overview (2017–2019)
Figure 29 Tt Electronics: Financial Overview (2017–2019)
Figure 30 Photonwares Co.: Financial Overview (2017–2019)
Figure 31 Inneos Llc: Financial Overview (2017–2019)
1. Introduction
1.1. Market Definition
1.2 Scope Of The Study
1.3. Market Ecosystem
1.4. Currency And Limitations
1.4.1. Currency
1.4.2. Limitations
1.5. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-Up Approach
2.3.3. Top-Down Approach
2.3.4. Growth Forecast
2.4. Assumptions For The Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, By Type
3.3. Market Analysis, By Material
3.4. Market Analysis, By Application
3.5. Market Analysis, By End User
3.6. Market Analysis, By Geography
3.7. Competitive Analysis
4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Adoption Of Vcsel For 3d Sensing Applications
4.2.1.2. Growing Use Of Vcsel In Data Centers
4.2.2. Restraint
4.2.2.1. Short Distance Data Transmission Range Of Vscel
4.2.3. Opportunities
4.2.3.1. Application Of Vcsel In Vehicle Automation
4.2.3.2. Demand For Vcsel In Emerging Technologies
4.2.4. Challenges
4.2.4.1. Scalability Issues
4.3 Covid-19 Impact Assessment
5. Vcsel Market, By Type
5.1. Introduction
5.2. Multi-Mode Vcsel
5.3. Single Mode Vcsel
6. Vcsel Market, By Material
6.1. Introduction
6.2. Gallium Arsenide
6.3. Gallium Nitride
6.4. Indium Phosphide
6.5. Other Materials
7. Vcsel Market, By Application
7.1. Introduction
7.2. Sensing
7.2.1. 3d Sensing
7.2.2. Gas Sensing
7.2.3. Optical Mice
7.3. Data Communication
7.4. Industrial Heating
7.5. Laser Printing
7.6. Lidar
7.7. Pulse Oximetry
7.8. Other Applications
8. Vcsel Market, By End User
8.1. Introduction
8.2. Consumer Electronics
8.3. It & Telecom
8.4. Industrial
8.5. Aerospace & Defense
8.6. Healthcare
8.7. Automotive
9. Global Vcsel Market, By Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Rest Of Europe (Roe)
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. South Korea
9.4.5. Rest Of Asia-Pacific (Roapac)
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Competitive Growth Strategies
10.1.1. Partnerships, Agreements, And Collaborations
10.1.2. Acquisitions
10.1.3. New Type Launches
10.1.4. Expansions
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, And Strategic Developments)
11.1. Lumentum Operations Llc
11.1.1. Business Overview
11.1.2. Financial Overview
11.1.3. Product Portfolio
11.1.4. Strategic Developments
11.2. Ii-Vi Incorporated
11.2.1. Business Overview
11.2.2. Financial Overview
11.2.3. Product Portfolio
11.2.4. Strategic Developments
11.3. Ams Ag
11.3.1. Business Overview
11.3.2. Financial Overview
11.3.3. Product Portfolio
11.3.4. Strategic Developments
11.4. Broadcom
11.4.1. Business Overview
11.4.2. Financial Overview
11.4.3. Product Portfolio
11.4.4. Strategic Developments
11.5. Trumpf
11.5.1. Business Overview
11.5.2. Financial Overview
11.5.3. Product Portfolio
11.5.4. Strategic Developments
11.6. Osram Opto Semiconductors Gmbh
11.6.1. Business Overview
11.6.2. Financial Overview
11.6.3. Product Portfolio
11.6.4. Strategic Developments
11.7. Iqe Plc
11.7.1. Business Overview
11.7.2. Financial Overview
11.7.3. Product Portfolio
11.7.4. Strategic Developments
11.8. Vertilas Gmbh
11.8.1. Business Overview
11.8.2. Financial Overview
11.8.3. Product Portfolio
11.8.4. Strategic Developments
11.9. Vertilite
11.9.1. Business Overview
11.9.2. Financial Overview
11.9.3. Product Portfolio
11.9.4. Strategic Developments
11.10. Flir Systems, Inc.
11.10.1. Business Overview
11.10.2. Financial Overview
11.10.3. Product Portfolio
11.10.4. Strategic Developments
11.11. Thorlabs, Inc.
11.11.1. Business Overview
11.11.2. Financial Overview
11.11.3. Product Portfolio
11.11.4. Strategic Developments
11.12. Leonardo S.P.A.
11.12.1. Business Overview
11.12.2. Financial Overview
11.12.3. Product Portfolio
11.12.4. Strategic Developments
11.13. Tt Electronics
11.13.1. Business Overview
11.13.2. Financial Overview
11.13.3. Product Portfolio
11.13.4. Strategic Developments
11.14. Photonwares Co.
11.14.1. Business Overview
11.14.2. Financial Overview
11.14.3. Product Portfolio
11.14.4. Strategic Developments
11.15. Inneos Llc
11.15.1. Business Overview
11.15.2. Financial Overview
11.15.3. Product Portfolio
11.15.4. Strategic Developments
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List Of Tables
Table 1 Currency Conversion Rate Into Usd, 2016–2019
Table 2 Global Vcsel Market Drivers: Impact Analysis (2018–2027)
Table 3 Global Vcsel Market Restraints: Impact Analysis (2018–2027)
Table 4 Global Vcsel Market Size, By Type, 2018–2027 (Usd Million)
Table 5 Vcsel Market Size For Multi-Mode Vcsel, By Country/Region, 2018–2027 (Usd Million)
Table 6 Vcsel Market Size For Single Mode Vcsel, By Country/Region, 2018–2027 (Usd Million)
Table 7 Global Vcsel Market Size, By Material, 2018–2027 (Usd Million)
Table 8 Vcsel Market Size For Gallium Arsenide, By Country/Region, 2018–2027 (Usd Million)
Table 9 Vcsel Market Size For Gallium Nitride, By Country/Region, 2018–2027 (Usd Million)
Table 10 Vcsel Market Size For Indium Phosphide, By Country/Region, 2018–2027 (Usd Million)
Table 11 Vcsel Market Size For Other Materials, By Country/Region, 2018–2027 (Usd Million)
Table 12 Global Vcsel Market Size, By Application, 2018–2027 (Usd Million)
Table 13 Vcsel Market Size For Sensing, By Country/Region, 2018–2027 (Usd Million)
Table 14 Vcsel Market Size For Data Communication, By Country/Region, 2018–2027 (Usd Million)
Table 15 Vcsel Market Size For Industrial Heating, By Country/Region, 2018–2027 (Usd Million)
Table 16 Vcsel Market Size For Laser Printing, By Country/Region, 2018–2027 (Usd Million)
Table 17 Vcsel Market Size For Lidar, By Country/Region, 2018–2027 (Usd Million)
Table 18 Vcsel Market Size For Pulse Oximetry, By Country/Region, 2018–2027 (Usd Million)
Table 19 Vcsel Market Size For Other Applications, By Country/Region, 2018–2027 (Usd Million)
Table 20 Global Vcsel Market Size, By End User, 2018–2027 (Usd Million)
Table 21 Vcsel Market Size For Consumer Electronics, By Country/Region, 2018–2027 (Usd Million)
Table 22 Vcsel Market Size For It & Telecom, By Country/Region, 2018–2027 (Usd Million)
Table 23 Vcsel Market Size For Industrial, By Country/Region, 2018–2027 (Usd Million)
Table 24 Vcsel Market Size For Aerospace & Defense, By Country/Region, 2018–2027 (Usd Million)
Table 25 Vcsel Market Size For Healthcare, By Country/Region, 2018–2027 (Usd Million)
Table 26 Vcsel Market Size For Automotive, By Country/Region, 2018–2027 (Usd Million)
Table 27 Global Vcsel Market, By Region, 2018–2027 (Usd Million)
Table 28 North America: Vcsel Market, By Country, 2018–2027 (Usd Million)
Table 29 North America: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 30 North America: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 31 North America: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 32 North America: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 33 U.S.: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 34 U.S.: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 35 U.S.: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 36 U.S.: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 37 Canada: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 38 Canada: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 39 Canada: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 40 Canada: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 41 Europe: Vcsel Market, By Country, 2018–2027 (Usd Million)
Table 42 Europe: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 43 Europe: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 44 Europe: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 45 Europe: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 46 Germany: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 47 Germany: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 48 Germany: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 49 Germany: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 50 U.K.: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 51 U.K.: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 52 U.K.: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 53 U.K.: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 54 France: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 55 France: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 56 France: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 57 France: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 58 Italy: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 59 Italy: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 60 Italy: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 61 Italy: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 62 Roe: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 63 Roe: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 64 Roe: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 65 Roe: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 66 Asia-Pacific: Vcsel Market, By Country, 2018–2027 (Usd Million)
Table 67 Asia-Pacific: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 68 Asia-Pacific: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 69 Asia-Pacific: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 70 Asia-Pacific: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 71 China: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 72 China: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 73 China: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 74 China: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 75 Japan: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 76 Japan: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 77 Japan: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 78 Japan: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 79 India: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 80 India: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 81 India: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 82 India: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 83 South Korea: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 84 South Korea: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 85 South Korea: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 86 South Korea: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 87 Roapac: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 88 Roapac: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 89 Roapac: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 90 Roapac: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 91 Latin America: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 92 Latin America: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 93 Latin America: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 94 Latin America: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 95 Mea: Vcsel Market, By Type, 2018–2027 (Usd Million)
Table 96 Mea: Vcsel Market, By Material, 2018–2027 (Usd Million)
Table 97 Mea: Vcsel Market, By Application, 2018–2027 (Usd Million)
Table 98 Mea: Vcsel Market, By End User, 2018–2027 (Usd Million)
Table 99 Recent Developments By Major Players During 2017–2020
Table 100 Partnerships, Agreements, And Collaborations, 2017–2020
Table 101 Acquisitions, 2017–2020
Table 102 New Material Launches, 2017–2020
Table 103 Expansions, 2017–2020
List Of Figures
Figure 1 Research End User
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Market Sizing And Growth Forecast Approach
Figure 6 Multi-Mode Segment Dominates The Global Vcsel Market
Figure 7 Gallium Arsenide Segment Dominates The Global Vcsel Market
Figure 8 Sensing Segment Dominates The Global Vcsel Market
Figure 9 Consumer Electronics Segment Dominates The Global Vcsel Market
Figure 10 Vcsel Market Overview: 2018–2027
Figure 11 Vcsel Market Size, By Type, 2018–2027 (Usd Million)
Figure 12 Vcsel Market Size, By Material, 2018–2027 (Usd Million)
Figure 13 Vcsel Market Size, By Application, 2018–2027 (Usd Million)
Figure 14 Vcsel Market Size, By End User, 2018–2027 (Usd Million)
Figure 15 Vcsel Market Size, By Region, 2018–2027 (Usd Million)
Figure 16 Growth Strategies Adopted By Key Players, 2017–2020
Figure 17 Lumentum Operations Llc: Financial Overview (2017–2019)
Figure 18 Ii-Vi Incorporated: Financial Overview (2017–2019)
Figure 19 Ams Ag: Financial Overview (2017–2019)
Figure 20 Broadcom: Financial Overview (2017–2019)
Figure 21 Trumpf: Financial Overview (2017–2019)
Figure 22 Osram Opto Semiconductors Gmbh: Financial Overview (2017–2019)
Figure 23 Iqe Plc: Financial Overview (2017–2019)
Figure 24 Vertilas Gmbh: Financial Overview (2017–2019)
Figure 25 Vertilite: Financial Overview (2017–2019)
Figure 26 Flir Systems, Inc.: Financial Overview (2017–2019)
Figure 27 Thorlabs, Inc.: Financial Overview (2017–2019)
Figure 28 Leonardo S.P.A.: Financial Overview (2017–2019)
Figure 29 Tt Electronics: Financial Overview (2017–2019)
Figure 30 Photonwares Co.: Financial Overview (2017–2019)
Figure 31 Inneos Llc: Financial Overview (2017–2019)