Market Research Report
Vertical-Cavity Surface-Emitting Lasers Market Size, By Type, Material Type, Wavelength, Application, Industry Verticals, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021-2027
|Published by||Global Market Insights Inc.||Product code||985183|
|Published||Content info||280 Pages
Delivery time: 2-3 business days
|Vertical-Cavity Surface-Emitting Lasers Market Size, By Type, Material Type, Wavelength, Application, Industry Verticals, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021-2027|
|Published: January 28, 2021||Content info: 280 Pages||
Vertical-Cavity Surface-Emitting Lasers (VCSEL)
Market Size, By Type (Single Mode, Multi-Mode), By Material Type (Gallium Arsenide (GaAs), Indium Phosphide (InP), Gallium Nitride), By Wavelength (< 850 nm, 850 - 940 nm, 940 - 1,050 nm, > 1,050 nm), By Application (Sensing, Data Communication, Industrial Heating & Laser Printing), By Industry Verticals (Consumer Electronics, IT & Telecom, Automotive, Industrial, Healthcare, Aerospace & Defense), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027.
The Vertical-cavity surface-emitting lasers (VCSEL) market market is anticipated to witness significant growth over the coming time period due to growing government initiative to accelerate 5G deployment, increasing adoption of 3D sensing in industrial automations, rising adoption of LiDAR sensors in automotive industry as well as other end-use industries such as healthcare, IT & telecom, aerospace & defense among others. VCSEL is referred as a semiconductor-based laser diode emitting optical beam or light perpendicular from its top surface.
This kind offers much more advantages in comparison to LED (Light Emitting Diodes) that emits light from the top as well as sides or EEL (Edge Emitting Lasers) which is known to produce light from the side. These have been constructed emitting energy at 1300 nanometers and 850 nm. Materials used for manufacturing vertical-cavity surface-emitting lasers include InGaAsN (indium gallium arsenide nitride), AlGaAs (aluminum gallium arsenide), and GaAs (gallium arsenide).
Vertical-cavity surface-emitting lasers (VCSEL) market is bifurcated into numerous segments in terms of type, material type, wavelength, application, and industry verticals, and regional landscape.
With respect to material type, the VCSEL market is bifurcated into gallium nitride, indium phosphide (InP), gallium arsenide (GaAs), and others. The others segment will witness a market growth of around 6% by the end of the analysis time period as its aids to deliver high wavelength VCSEL used for optical fiber communication systems.
Based on wavelength, the market is categorized into greater than 1050 nm, 940-1050 nm, 850-940 nm, and less than 850 nm. Among these, less than 850 nm will account for over 5% market growth by the end of the forecast time period owing to its adoption in VCSEL-based transceivers used for low cost networking.
With respect to application, the market for vertical-cavity surface-emitting lasers is classified into industrial heating & laser printing, data communication, sensing, and others. The others segment will witness a market growth of more than 8% by the end of the projected time period owing to rising adoption of LiDAR sensors in automotive industry.
In terms of industry verticals, the overall VCSEL market is segmented into Aerospace & defense, Healthcare, industrial, automotive, IT & telecom, and consumer electronics. Among these, the industrial segment will account for nearly 14% market growth by the end of the analysis timeline. This anticipated growth is attributed to the increasing adoption of 3D sensing in industrial automations.
From a regional frame of reference, in 2020, Latin America witnessed a market share of over 15% and is estimated to follow strong growth over the coming time period. This anticipated growth is ascribed to the growing government initiative to accelerate 5G deployment in the region.
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