"According to a market report by Lucintel, the future of the global vertical cavity surface emitting laser market looks promising with opportunities in the telecom, mobile and consumer, automotive, medical, and aerospace and defense sectors. The global vertical cavity surface emitting laser market is expected to reach an estimated $4.6 billion by 2030 with a CAGR of 13.5% from 2024 to 2030. The major drivers for this market are widespread use of VCSEL as 3D sensor systems, introduction of world-facing time-of-flight (TOF) camera solutions, and growing application of VCSEL in data centers.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in vertical cavity surface emitting laser to 2030 by type (multi-mode VCSEL and single-mode VCSEL), wavelength (red (650-750 nm), near-infrared (750-1400 nm), and shortwave-infrared (1400-3000 nm)), application (sensing, data communication, industrial heating, laser printing, LiDAR, pulse oximetry, and others), end use industry (telecom, mobile and consumer, automotive, medical, aerospace and defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)In this market, sensing, data communication, industrial heating, laser printing, lidar, and pulse oximetry are the major segments of vertical cavity surface emitting laser market by application type. Lucintel forecast that sensing is expected to witness highest growth over the forecast period due to increasing use of VCSEL in this technology to improve its efficiency and broaden their potential industrial applications.

Within this market, mobile and consumer will remain the largest segment due to substantial application of VCSEL in this sector to enable various revolutionary features, such as facial recognition systems, 3D sensing in augmented reality software, and reliable gesture identification, optimizing user experiences and device security.

APAC is expected to witness highest growth over the forecast period due to existence of major semiconductor manufacturing hubs, robust economic growth, and presence of key players in the region.

ams, Broadcom, Ii-Vi, Inneos, IQE, Leonardo Electronics, Lumentum Operations, Teledyne Flir, The TRUMPF, and TT Electronics are the major suppliers in the vertical cavity surface emitting laser market.

"This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]