Dublin, May 06, 2020 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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 the 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 the 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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in VCSEL Market
4.2 VCSEL Market in Apac, by Country and Industry
4.3 VCSEL Market, by Wavelength
4.4 Country-Wise VCSEL Market Growth Rate
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Application of VCSELs in Data Communication
5.2.1.2 Growing Adoption of 3D Sensing Applications in Smartphones
5.2.2 Restraints
5.2.2.1 Limited Data Transmission Range
5.2.3 Opportunities
5.2.3.1 Technological Advancements and Growing Interest of OEMs to Adopt VCSEL in Consumer Devices
5.2.3.2 Growing Adoption of VCSELs by Wafer Manufacturers, Mocvd System Providers, and Testing & Inspection Companies
5.2.3.3 Use of VCSELs in the Lidar System of Autonomous Vehicles
5.2.4 Challenges
5.2.4.1 Limitations Associated with Gallium Nitride Are Hampering the Performance of VCSELs
5.3 Value Chain Analysis
5.4 Covid-19 (Coronavirus) Impact on VCSEL Market
6 VCSEL Fabrication Methods
6.1 Introduction
6.2 Selective Oxidation
6.3 Ion Implantation
7 Applications of VCSELs in Different Technologies
7.1 Introduction
7.2 Dot Projector
7.3 Time-Of-Flight (Tof)
7.3.1 Proximity Sensing
7.4 Flood Illuminator
8 VCSEL Market, by Type
8.1 Introduction
8.2 Single-Mode
8.2.1 Single-Mode VCSELs Are Extensively Used in Sensing and Optical Communication Applications
8.3 Multimode
8.3.1 Multimode VCSELs Are Expected to Hold Larger Market Share During the Forecast Period
9 VCSEL Market, by Material
9.1 Introduction
9.2 Gallium Arsenide (Gaas)
9.2.1 Gallium Arsenide to Register the Highest CAGR During Forecast Period
9.3 Indium Phosphide (Inp)
9.3.1 Inp-Based VCSELs Have Gained Importance in Recent Years As They Help to Lower Signal Losses in Optical Fiber
9.4 Others
9.4.1 Gan
10 VCSEL Market, by Wavelength
10.1 Introduction
10.2 Red
10.2.1 VCSELs in the Red Band Have Wavelength in Between 650Nm and 750Nm
10.3 Near Infrared (Nir)
10.3.1 VCSELs in the Nir Band is Expected to Hold Largest Market Share During Forecast Period
10.4 Short Wave Infrared (Swir)
10.4.1 VCSELs in the Swir Band Have a Wavelength in Between 1,400Nm and 3,000Nm
11 VCSEL Market, by Application
11.1 Introduction
11.2 Sensing
11.2.1 3D Sensing
11.2.1.1 Tof Camera
11.2.1.1.1 Proximity Sensing
11.2.1.1.1.1 Proximity Sensing is Widely Used in Smartphones
11.2.1.2 Structured Light Illumination
11.2.1.2.1 Increasing Adoption of Face Recognition Technologies in Smart Devices Creates Lucrative Opportunities for Market Growth
11.2.1.3 Facial & Gesture Recognition
11.2.1.3.1 Increasing Adoption of Biometric Technologies in Smart Devices is Driving the Growth of the Market
11.2.2 Gas Sensing
11.2.2.1 Single-Mode VCSELs Are Used for Gas Sensing
11.2.3 Optical Mice
11.2.3.1 VCSEL-Based Optical Mouse Offer Operation on a Wide Range of Surfaces, High Resolution, and Long Battery Life
11.3 Data Communication
11.3.1 Optical Transceivers & Active Optical Cables
11.3.1.1 Growing Adoption of High Data Rate Optical Components in Data Centers to Drive the Growth of the Market
11.4 Industrial Heating & Laser Printing
11.4.1 Additive Manufacturing
11.4.1.1 in Additive Manufacturing, the VCSEL Heating Reduces the Thermal Gradient
11.4.2 Laser Printing
11.4.2.1 Laser Printing Mainly Requires Single-Mode VCSELs
11.5 Emerging & Other Applications
11.5.1 Lidar
11.5.1.1 Rising Trends of Autonomous Vehicles to Create Significant Opportunities for Lidar Application
11.5.2 In-Cabin Sensing
11.5.2.1 Innovations in Connected Vehicles Are Driving the Growth of the In-Cabin Sensing Application Segment
11.5.3 Atomic Clock & Gps
11.5.3.1 VCSELs Offer Compact & Low-Cost Solutions for Atomic Clocks
11.5.4 Magnetometer
11.5.4.1 Highly Accurate Detection of Magnetic Fields is Possible with the Use of VCSEL-Based Magnetometer
11.5.5 Infrared Illumination for Surveillance
11.5.5.1 VCSELs Offer Improved Performance and Better Visibility in Security & Surveillance Applications
11.5.6 Pulse Oximetry
11.5.6.1 VCSELs Provide Benefits of Narrower Spectral Linewidth Emission for Pulse Oximetry Application
12 VCSEL Market, by Data Rate
12.1 Introduction
12.2 Up to 10 Gbps
12.2.1 VCSELs Having Data Rates Up to 10 Gbps Are Majorly Used in Data Communication Applications
12.3 10.1 to 25 Gbps
12.3.1 VCSELs Having the Data Rate in the Range 10.1 to 25 Gbps Held the Largest Market Share
12.4 Above 25 Gbps
12.4.1 Market for VCSELs Having Data Rate Above 25 Gbps to Register Highest CAGR During Forecast Period
13 VCSEL Market, by Industry
13.1 Introduction
13.2 Consumer Electronics
13.2.1 Increasing Use of VCSEL for 3D Sensing to Drive Growth of Consumer Electronics Segment
13.3 Data Center
13.3.1 Increasing Number of Data Centers Globally is Fueling the Demand for VCSELs
13.4 Automotive
13.4.1 Evolution of Autonomous Vehicles and Advanced Driver Assistance System (Adas) to Drive the Growth Automotive Industry
13.5 Commercial & Industrial
13.5.1 VCSELs Are Used in Various Industries for Applications Such As Infrared Illumination, Sensing, Laser Printing, and Industrial Heating
13.6 Healthcare
13.6.1 VCSELs Are Suitable for Scanning and Imaging Applications in the Healthcare Industry
13.7 Military
13.7.1 VCSELs Are Used for Tactical Surveillance and Obstacle Detection
14 Geographic Analysis
14.1 Introduction
14.2 North America
14.3 Europe
14.4 Asia Pacific (APAC)
14.5 Rest of the World (Row)
15 Competitive Landscape
15.1 Overview
15.2 Market Ranking Analysis: VCSEL Market, 2019
15.3 Competitive Leadership Mapping
15.3.1 Visionary Leaders
15.3.2 Dynamic Differentiators
15.3.3 Innovators
15.3.4 Emerging Companies
15.4 Strength of Product Portfolio (25 Players)
15.5 Business Strategy Excellence (25 Players)
15.6 Competitive Situations and Trends
15.6.1 Product Launches
15.6.2 Partnerships, Agreements, & Joint Ventures
15.6.3 Expansion
15.6.4 Mergers & Acquisitions
16 Company Profiles
16.1 Key Players
16.1.1 II-VI
16.1.2 Lumentum
16.1.3 AMS
16.1.4 Trumpf
16.1.5 Broadcom
16.1.6 Leonardo Electronics (Lasertel)
16.1.7 Mks Instruments
16.1.8 Santec
16.1.9 Vertilas
16.1.10 Vertilite
16.2 Other Players
16.2.1 Alight Technologies
16.2.2 Coherent
16.2.3 Flir
16.2.4 Inneos
16.2.5 IQE
16.2.6 Thorlabs
16.2.7 Trilumina
16.2.8 TT Electronics
16.2.9 Ushio America
16.2.10 Win Semiconductors
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