Press release
VCSEL Market to See Wonderful Rise during 2023-2030 with High CAGR Growth to 17.0%
The VCSEL Market size is projected to grow from US$ 1.4 billion in 2022 to US$ 4.7 billion by 2030; it is estimated to record a CAGR of 17.0% from 2023 to 2030.
The growing adoption of VCSEL for 3D sensing applications, such as smartphones for gesture control and facial recognition features, contribute to the VCSEL market growth. In addition, the use of VCSEL for data communication and LiDAR system for automotives propels the market growth. The rising integration of technologies such as IoT across various industries such as healthcare, automotive, and building necessitates using fiber optics communication technologies, contributing to the demand and adoption of VCSEL.
Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00003966?utm_source=OpenPr&utm_medium=10640
Analysis of the Top Market Players:
1. Lumentum Holdings Inc
2. Coherent Corp
3. TRUMPF SE + Co KG
4. Broadcom Inc
5. ams-OSRAM AG
6. Vertilite Co Ltd
7. Leonardo SpA
8. IQE Plc
9. VERTILAS GmbH
10. Hamamatsu Photonics KK
In this report, the market has been segmented on the basis of:
Type
• Single Mode
• Multi-Mode
Material
• Gallium Arsenide (GaAs)
• Indium Phosphide (InP)
Data Rate
• Up to 10 GBPS to 25 GBPS
• Above 25 GBPS
Wavelength
• Red
• Near Infrared (NIR)
• Short Wave Infrared (SWIR
Application
• Sensing
• Data Communication
• Industrial Heating & Printing
Get full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/vertical-cavity-surface-emitting-laser-vcsel-market
According to the International Organization of Motor Vehicle Manufacturers, in 2022, India, China, Indonesia, South Korea, and Thailand witnessed a significant rise in vehicle production. Additionally, regional and global automotive manufacturers are investing in establishing new vehicle production plants across the region. For instance, in March 2022, Triton Electric Vehicle LLC announced the launch of its new production plant in Gujarat, India. In addition, in June 2022, BMW announced the opening of its new electric vehicle production plant in China with an investment of US$ 2.2 billion. Thus, such growing investments in the automotive industry increase the demand for sensing technology for newly built automobiles. In the automotive industry, VSCEL technology in automotives is used for various sensor applications inside and outside the automotive cabin, contributing to the demand for VCSEL market in the region.
The COVID-19 pandemic adversely affected various industries in the North American region and directly impacted the overall spending. According to the Center for Strategic and International Studies, owing to the pandemic, the US experienced a contraction in GDP in the second quarter of 2020. The COVID-19 pandemic led to the temporary closure of manufacturing plants in the countries of North America. The manufacturing delays and component shortage faced challenge in sourcing raw materials and components leading to the production constraints. These disruptions impacted the availability and delivery of VCSEL products, which negatively impacted the VCSEL market size.
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Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com
About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.
The growing adoption of VCSEL for 3D sensing applications, such as smartphones for gesture control and facial recognition features, contribute to the VCSEL market growth. In addition, the use of VCSEL for data communication and LiDAR system for automotives propels the market growth. The rising integration of technologies such as IoT across various industries such as healthcare, automotive, and building necessitates using fiber optics communication technologies, contributing to the demand and adoption of VCSEL.
Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00003966?utm_source=OpenPr&utm_medium=10640
Analysis of the Top Market Players:
1. Lumentum Holdings Inc
2. Coherent Corp
3. TRUMPF SE + Co KG
4. Broadcom Inc
5. ams-OSRAM AG
6. Vertilite Co Ltd
7. Leonardo SpA
8. IQE Plc
9. VERTILAS GmbH
10. Hamamatsu Photonics KK
In this report, the market has been segmented on the basis of:
Type
• Single Mode
• Multi-Mode
Material
• Gallium Arsenide (GaAs)
• Indium Phosphide (InP)
Data Rate
• Up to 10 GBPS to 25 GBPS
• Above 25 GBPS
Wavelength
• Red
• Near Infrared (NIR)
• Short Wave Infrared (SWIR
Application
• Sensing
• Data Communication
• Industrial Heating & Printing
Get full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/vertical-cavity-surface-emitting-laser-vcsel-market
According to the International Organization of Motor Vehicle Manufacturers, in 2022, India, China, Indonesia, South Korea, and Thailand witnessed a significant rise in vehicle production. Additionally, regional and global automotive manufacturers are investing in establishing new vehicle production plants across the region. For instance, in March 2022, Triton Electric Vehicle LLC announced the launch of its new production plant in Gujarat, India. In addition, in June 2022, BMW announced the opening of its new electric vehicle production plant in China with an investment of US$ 2.2 billion. Thus, such growing investments in the automotive industry increase the demand for sensing technology for newly built automobiles. In the automotive industry, VSCEL technology in automotives is used for various sensor applications inside and outside the automotive cabin, contributing to the demand for VCSEL market in the region.
The COVID-19 pandemic adversely affected various industries in the North American region and directly impacted the overall spending. According to the Center for Strategic and International Studies, owing to the pandemic, the US experienced a contraction in GDP in the second quarter of 2020. The COVID-19 pandemic led to the temporary closure of manufacturing plants in the countries of North America. The manufacturing delays and component shortage faced challenge in sourcing raw materials and components leading to the production constraints. These disruptions impacted the availability and delivery of VCSEL products, which negatively impacted the VCSEL market size.
Buy this research report at @: https://www.premiummarketinsights.com/buy/TIP00003966?utm_source=OpenPr&utm_medium=10640
Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com
About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.
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