1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS AND EXCLUSIONS 28
1.3 STUDY SCOPE 29
FIGURE 1 VCSEL MARKET: SEGMENTATION 29
1.3.1 YEARS CONSIDERED 30
1.4 CURRENCY CONSIDERED 30
1.5 UNITS CONSIDERED 30
1.6 STAKEHOLDERS 30
1.7 LIMITATIONS 31
1.8 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 VCSEL MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY AND PRIMARY RESEARCH 33
2.1.1.1 Key industry insights 34
2.1.2 SECONDARY DATA 34
2.1.2.1 List of key secondary sources 34
2.1.2.2 Key data from secondary sources 35
2.1.3 PRIMARY DATA 35
2.1.3.1 Breakdown of primaries 36
2.1.3.2 Key data from primary sources 37
2.2 MARKET SIZE ESTIMATION 37
2.2.1 BOTTOM-UP APPROACH 38
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side) 38
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE)— DEMAND FOR VCSELS 39
2.2.2 TOP-DOWN APPROACH 40
2.2.2.1 Approach to obtain market size using top-down analysis (supply side) 40
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY-SIDE)—IDENTIFICATION OF REVENUES GENERATED BY COMPANIES FROM VCSEL MARKET 41
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 42
FIGURE 7 DATA TRIANGULATION 42
2.4 RESEARCH ASSUMPTIONS 43
2.4.1 ASSUMPTIONS 43
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION 43
2.5.1 RISK ASSESSMENT 44
3 EXECUTIVE SUMMARY 45
3.1 RECESSION IMPACT ANALYSIS 45
FIGURE 8 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES 46
FIGURE 9 RECESSION IMPACT ON VCSEL MARKET 46
FIGURE 10 MULTIMODE SEGMENT TO CAPTURE HIGHER MARKET SHARE IN 2023 47
FIGURE 11 GAAS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 48
FIGURE 12 NIR SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 48
FIGURE 13 10.1 TO 25 GBPS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 49
FIGURE 14 EMERGING AND OTHER APPLICATIONS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 49
FIGURE 15 AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 16 VCSEL MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 51
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES FOR VCSEL MARKET PLAYERS 52
FIGURE 17 ADVANTAGES OF SOLID-STATE TECHNOLOGY, COMPACT DESIGN, AND ROBUSTNESS TO DRIVE VCSEL MARKET 52
4.2 VCSEL MARKET, BY TYPE 52
FIGURE 18 MULTIMODE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 52
4.3 VCSEL MARKET, BY MATERIAL 53
FIGURE 19 GAAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 53
4.4 VCSEL MARKET, BY WAVELENGTH 53
FIGURE 20 NIR SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING 2023–2028 53
4.5 VCSEL MARKET, BY DATA RATE 54
FIGURE 21 10.1 TO 25 GBPS SEGMENT TO DOMINATE MARKET DURING 2023–2028 54
4.6 VCSEL MARKET, BY APPLICATION 54
FIGURE 22 SENSING APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 54
4.7 NORTH AMERICA: VCSEL MARKET, BY INDUSTRY AND COUNTRY 55
FIGURE 23 CONSUMER ELECTRONICS AND US TO BE LARGEST SHAREHOLDERS OF VCSEL MARKET IN NORTH AMERICA IN 2028 55
4.8 VCSEL MARKET, BY COUNTRY 55
FIGURE 24 VCSEL MARKET TO RECORD HIGHEST CAGR IN ASIA PACIFIC IN 2028 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 56
FIGURE 25 IMPACT OF DRIVERS ON VCSEL MARKET 56
FIGURE 26 IMPACT OF OPPORTUNITIES ON VCSEL MARKET 57
FIGURE 27 IMPACT OF RESTRAINTS AND CHALLENGES ON VCSEL MARKET 57
5.2.1 DRIVERS 58
5.2.1.1 Growing adoption of 3D sensing applications in smartphones 58
5.2.1.2 Increasing application of VCSELs in data communication 58
5.2.1.3 Increased market investment for VCSEL manufacturing 58
5.2.2 RESTRAINTS 59
5.2.2.1 Limited data transmission range 59
5.2.2.2 Limitations of semiconductor materials hampering performance of VCSELs 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Use of VCSELs in LiDAR systems for automotive applications 59
5.2.3.2 Growing IoT market and data processing across commercial and government sectors 60
5.2.3.3 Growing adoption of VCSELs in consumer electronic devices 60
5.2.4 CHALLENGES 60
5.2.4.1 Manufacturing defects in VCSELs 60
5.2.4.2 Recession impact on smartphone market 61
5.3 TARIFFS AND REGULATIONS 61
5.3.1 TARIFF RELATED TO VCSELS 61
5.4 REGULATIONS 62
5.4.1 GLOBAL 62
5.4.1.1 International Electrotechnical Commission (IEC) 62
5.4.2 EUROPE 62
5.4.2.1 Restriction of Hazardous Substances (RoHS) 62
5.4.2.2 European Standards (EN) 62
5.4.3 US 63
5.4.3.1 American National Standards Institute (ANSI) 63
5.4.3.2 Food and Drug Administration (FDA) 64
5.5 CASE STUDY ANALYSIS 64
5.5.1 AMS-OSRAM PROVIDED VCSEL ARRAY FOR USE IN XIAOMI MI8 EXPLORER EDITION 64
5.5.2 OSRAM AND CHRONOPTICS COOPERATED ON DEVELOPMENT OF 3D TOF CAMERA KIT 64
5.5.3 AMBARELLA, LUMENTUM, AND ON-SEMICONDUCTOR COLLABORATED ON AI PROCESSING-BASED 3D SENSING FOR NEXT-GEN AIOT DEVICES 65
5.5.4 LUMENTUM SHOWCASED PHOTONIC SOLUTIONS AT ECOC 2020 65
5.5.5 LEONARDO ELECTRONICS OFFERS LIDAR SYSTEMS LEVERAGING COMPANY VCSELS 65
5.5.6 ALIGHT TECHNOLOGIES DEVELOPING 10 GBPS 1,300 NM VCSEL 65
5.5.7 INNEOS DEVELOPED VCSELS FOR USE IN SATELLITES 65
5.5.8 IQE REACHED KEY MILESTONES WITH IQDN-VCSEL TECHNOLOGY 65
5.5.9 WIN SEMICONDUCTORS SUPPLIES VCSELS TO APPLE 66
5.6 AVERAGE SELLING PRICE OF VCSELS FOR VARIOUS END PRODUCTS 66
TABLE 1 ASP OF VCSELS USED IN VARIOUS END PRODUCTS 66
FIGURE 28 AVERAGE SELLING PRICE FORECAST OF VCSELS, 2020–2026 (USD) 66
TABLE 2 AVERAGE SELLING PRICE FORECAST OF VCSELS, 2020–2026 (USD) 67
5.7 VALUE CHAIN ANALYSIS 68
FIGURE 29 VALUE CHAIN ANALYSIS OF VCSEL ECOSYSTEM: R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE 68
5.8 ECOSYSTEM/MARKET MAP 70
FIGURE 30 VCSEL MARKET ECOSYSTEM 70
5.8.1 MANUFACTURERS 70
5.8.2 SUPPLIERS 70
5.8.3 DISTRIBUTORS 71
5.8.4 OEMS 71
5.9 TECHNOLOGY ANALYSIS 71
5.9.1 KEY TECHNOLOGIES 71
5.9.1.1 3D camera 71
5.9.1.2 LiDAR 71
5.9.2 ADJACENT TECHNOLOGY 72
5.9.2.1 Edge emitter lasers (EELs) 72
5.10 TECHNOLOGY ANALYSIS 72
5.10.1 NEW MATERIALS USED IN MANUFACTURING OF VCSELS 72
5.10.2 MINIATURIZATION OF VCSELS 72
5.10.3 UNDER-DISPLAY VCSELS 72
5.11 PATENT ANALYSIS 73
FIGURE 31 PATENT APPLICATION TRENDS FOR VCSELS, 2016–2020 75
5.12 TRADE DATA 75
5.12.1 TRADE DATA FOR HS CODE 854140 75
TABLE 3 IMPORT DATA FOR HS CODE 854140, BY COUNTRY, 2016–2020 (USD BILLION) 76
TABLE 4 EXPORT DATA FOR HS CODE 854140, BY COUNTRY, 2016–2020 (USD BILLION) 76
5.13 PORTER’S FIVE FORCES ANALYSIS 77
TABLE 5 VCSEL MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.13.1 INTENSITY OF COMPETITIVE RIVALRY 77
5.13.2 BARGAINING POWER OF SUPPLIERS 77
5.13.3 BARGAINING POWER OF BUYERS 77
5.13.4 THREAT OF SUBSTITUTES 78
5.13.5 THREAT OF NEW ENTRANTS 78
5.14 VCSEL MARKET: SUPPLY CHAIN 78
5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 79
FIGURE 32 REVENUE SHIFTS FOR VCSEL MARKET 79
6 VCSEL FABRICATION METHODS 80
6.1 INTRODUCTION 80
6.2 SELECTIVE OXIDIZATION 80
6.2.1 LEADS TO PRODUCTION OF STRONG ELECTRICAL AND OPTICAL CONFINEMENT 80
6.3 ION IMPLANTATION 80
6.3.1 PROVIDES HIGHLY CONTROLLED APERTURE THAT LEADS TO HIGHER AND MORE STABLE PRODUCTIVITY OF VCSELS 80
7 APPLICATIONS OF VCSEL TECHNOLOGY IN SMARTPHONES 81
7.1 INTRODUCTION 81
7.2 DOT PROJECTOR 81
7.2.1 ENABLES FACIAL RECOGNITION FEATURE IN SMARTPHONES 81
7.3 TIME-OF-FLIGHT (TOF) 81
7.3.1 TOF MODULES USE VCSELS TO RELEASE INFRARED LIGHT 81
7.3.2 PROXIMITY SENSING 82
7.4 FLOOD ILLUMINATOR 82
7.4.1 VCSELS USED BY FLOOD ILLUMINATORS TO PROJECT INFRARED LIGHT USED TO ILLUMINATE FACE OF USERS 82
8 VCSEL MARKET, BY TYPE 83
8.1 INTRODUCTION 84
FIGURE 33 MULTIMODE SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 84
TABLE 6 VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION) 84
TABLE 7 VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION) 84
8.2 SINGLE-MODE 85
8.2.1 SINGLE-MODE VCSELS USED FOR LOW-POWER APPLICATIONS 85
TABLE 8 SINGLE-MODE: VCSEL MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 85
TABLE 9 SINGLE-MODE: VCSEL MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 85
TABLE 10 SINGLE-MODE: VCSEL MARKET, BY WAVELENGTH, 2018–2022 (USD MILLION) 86
TABLE 11 SINGLE-MODE: VCSEL MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION) 86
8.3 MULTIMODE 86
8.3.1 MULTIMODE VCSELS USED FOR HIGH-POWER APPLICATIONS 86
TABLE 12 MULTIMODE: VCSEL MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 86
TABLE 13 MULTIMODE: VCSEL MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 87
TABLE 14 MULTIMODE: VCSEL MARKET, BY WAVELENGTH, 2018–2022 (USD MILLION) 87
TABLE 15 MULTIMODE: VCSEL MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION) 87
9 VCSEL MARKET, BY WAVELENGTH 88
9.1 INTRODUCTION 89
FIGURE 34 NIR SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 89
TABLE 16 VCSEL MARKET, BY WAVELENGTH, 2018–2022 (USD MILLION) 89
TABLE 17 VCSEL MARKET, BY WAVELENGTH, 2023–2028 (USD MILLION) 89
9.2 RED 90
9.2.1 VCSELS IN RED BAND HAVE WAVELENGTHS IN BETWEEN 650 NM AND 750 NM 90
TABLE 18 RED: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION) 90
TABLE 19 RED: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION) 90
9.3 NEAR-INFRARED (NIR) 91
9.3.1 VCSELS IN NIR BAND HAVE WAVELENGTHS BETWEEN 750 NM AND 1,400 NM 91
TABLE 20 NIR: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION) 91
TABLE 21 NIR: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION) 91
9.4 SHORTWAVE INFRARED (SWIR) 92
9.4.1 VCSELS IN SWIR BAND HAVE WAVELENGTHS BETWEEN 1,400 NM AND 3,000 NM 92
TABLE 22 SWIR: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION) 92
TABLE 23 SWIR: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION) 92
10 VCSEL MARKET, BY MATERIAL 93
10.1 INTRODUCTION 94
FIGURE 35 GAAS-BASED VCSEL TO DOMINATE MARKET DURING FORECAST PERIOD 94
TABLE 24 VCSEL MARKET, BY MATERIAL, 2018–2022 (USD MILLION) 94
TABLE 25 VCSEL MARKET, BY MATERIAL, 2023–2028 (USD MILLION) 94
10.2 GALLIUM ARGESIDE (GAAS) 95
10.2.1 GAAS-BASED VCSELS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 95
TABLE 26 GAAS: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION) 95
TABLE 27 GAAS: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION) 95
10.3 INDIUM PHOSPHIDE (INP) 96
10.3.1 MORE EXPENSIVE THAN GAAS DUE TO MATERIAL COSTS AND SMALL WAFER SIZE 96
TABLE 28 INP: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION) 96
TABLE 29 INP: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION) 96
10.4 OTHERS 97
10.4.1 VCSELS IN THE SWIR BAND HAVE WAVELENGTH BETWEEN 1,400 NM AND 3,000 NM 97
TABLE 30 OTHERS: VCSEL MARKET, BY TYPE, 2018–2022 (USD MILLION) 97
TABLE 31 OTHERS: VCSEL MARKET, BY TYPE, 2023–2028 (USD MILLION) 97
11 VCSEL MARKET, BY APPLICATION 98
11.1 INTRODUCTION 99
FIGURE 36 SENSING SEGMENT TO HOLD LARGEST SHARE OF VCSEL MARKET DURING FORECAST PERIOD 99
TABLE 32 VCSEL MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 99
TABLE 33 VCSEL MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 100
11.2 SENSING 100
11.2.1 3D SENSING 101
11.2.1.1 ToF camera 101
11.2.1.1.1 Proximity sensing 101
11.2.1.1.1.1 Proximity sensing widely used in smartphones 101
11.2.1.2 Structured light illumination 101
11.2.1.2.1 Increasing adoption of face recognition technologies in smart devices to create lucrative opportunities 101
11.2.1.3 Facial & gesture recognition 102
11.2.1.3.1 Increase in adoption of biometric technologies in smart devices to drive market 102
11.2.2 GAS SENSING 102
11.2.2.1 Single-mode VCSELs used for gas sensing in industrial environments 102
11.2.3 OPTICAL MICE 102
11.2.3.1 VCSEL-based optical mouse enables operations on various surfaces 102
11.3 DATA COMMUNICATION 102
11.3.1 OPTICAL TRANSCEIVERS & ACTIVE OPTICAL CABLES 103
11.3.1.1 Growing adoption of high data rate optical components in data centers to propel market 103
11.4 INDUSTRIAL HEATING & LASER PRINTING 103
11.4.1 ADDITIVE MANUFACTURING 103
11.4.1.1 VCSEL heating reduces thermal gradient in additive manufacturing 103
11.4.2 LASER PRINTING 104
11.4.2.1 Laser printing requires low-cost, single-mode VCSELs 104
11.5 EMERGING & OTHER APPLICATIONS 104
11.5.1 LIDAR 104
11.5.1.1 Developments in autonomous vehicles to create opportunities for applications of VCSELs in automotive LiDARs 104
11.5.2 IN-CABIN SENSING 104
11.5.2.1 Innovations in vehicle infotainment systems to boost demand for VCSELs 104
11.5.3 ATOMIC CLOCK & GPS 105
11.5.3.1 VCSELs make for compact and low-cost solutions for use in atomic clocks 105
11.5.4 MAGNETOMETER 105
11.5.4.1 Highly accurate detection of magnetic fields made possible with use of VCSEL-based magnetometers 105
11.5.5 INFRARED ILLUMINATION FOR SURVEILLANCE 105
11.5.5.1 VCSELs improve performance and visibility in security & surveillance applications 105
11.5.6 PULSE OXIMETRY 106
11.5.6.1 VCSELs provide benefits of narrower spectral linewidth emission for pulse oximetry applications 106
12 VCSEL MARKET, BY DATA RATE 107
12.1 INTRODUCTION 108
FIGURE 37 ABOVE 25 GBPS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 108
TABLE 34 VCSEL MARKET FOR DATA COMMUNICATION, BY DATA RATE, 2018–2022 (USD MILLION) 108
TABLE 35 VCSEL MARKET FOR DATA COMMUNICATION, BY DATA RATE, 2023–2028 (USD MILLION) 109
12.2 UP TO 10 GBPS 109
12.2.1 VCSELS WITH DATA RATES UP TO 10 GBPS USED IN DATA COMMUNICATION APPLICATIONS 109
TABLE 36 VCSELS WITH DATA RATE UP TO 10 GBPS 110
12.3 10.1 TO 25 GBPS 110
12.3.1 VCSELS WITH DATA RATE OF 10.1 TO 25 GBPS DOMINATED MARKET IN 2022 110
TABLE 37 VCSELS WITH DATA RATE OF 10.1 TO 25 GBPS 111
12.4 ABOVE 25 GBPS 111
12.4.1 VCSELS WITH DATA RATE ABOVE 25 GBPS TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 111
TABLE 38 VCSELS WITH DATA RATE ABOVE 25 GBPS 112
13 VCSEL MARKET, BY INDUSTRY 113
13.1 INTRODUCTION 114
FIGURE 38 CONSUMER ELECTRONICS INDUSTRY TO BE LARGEST SHAREHOLDER OF VCSEL MARKET DURING FORECAST PERIOD 114
TABLE 39 VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION) 114
TABLE 40 VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 115
13.2 CONSUMER ELECTRONICS 116
13.2.1 CONSUMER ELECTRONICS HELD DOMINANT MARKET SHARE IN 2022 116
TABLE 41 CONSUMER ELECTRONICS: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION) 116
TABLE 42 CONSUMER ELECTRONICS: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION) 116
TABLE 43 CONSUMER ELECTRONICS: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION) 117
TABLE 44 CONSUMER ELECTRONICS: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 117
TABLE 45 CONSUMER ELECTRONICS: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION) 117
TABLE 46 CONSUMER ELECTRONICS: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 118
TABLE 47 CONSUMER ELECTRONICS: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION) 118
TABLE 48 CONSUMER ELECTRONICS: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 118
TABLE 49 CONSUMER ELECTRONICS: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD MILLION) 119
TABLE 50 CONSUMER ELECTRONICS: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD MILLION) 119
13.3 DATA CENTER 119
13.3.1 INCREASE IN DATA BANDWIDTH IN DATA CENTERS TO DRIVE DEMAND FOR VCSELS 119
TABLE 51 DATA CENTER: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION) 120
TABLE 52 DATA CENTER: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION) 120
TABLE 53 DATA CENTER: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION) 120
TABLE 54 DATA CENTER: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 121
TABLE 55 DATA CENTER: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION) 121
TABLE 56 DATA CENTER: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 121
TABLE 57 DATA CENTER: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION) 122
TABLE 58 DATA CENTER: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 122
TABLE 59 DATA CENTER: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 60 DATA CENTER: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD MILLION) 123
13.4 AUTOMOTIVE 123
13.4.1 ADOPTION OF VCSELS IN AUTOMOTIVE LIDAR TO BOOST MARKET IN REST OF THE WORLD 123
TABLE 61 AUTOMOTIVE: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION) 123
TABLE 62 AUTOMOTIVE: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION) 124
TABLE 63 AUTOMOTIVE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD THOUSAND) 124
TABLE 64 AUTOMOTIVE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD THOUSAND) 124
TABLE 65 AUTOMOTIVE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD THOUSAND) 125
TABLE 66 AUTOMOTIVE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD THOUSAND) 125
TABLE 67 AUTOMOTIVE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD THOUSAND) 125
TABLE 68 AUTOMOTIVE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD THOUSAND) 126
TABLE 69 AUTOMOTIVE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND) 126
TABLE 70 AUTOMOTIVE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND) 126
13.5 COMMERCIAL & INDUSTRIAL 127
13.5.1 ADOPTION OF VCSELS ACROSS VARIOUS INDUSTRIAL APPLICATIONS TO FAVOR MARKET 127
TABLE 71 COMMERCIAL & INDUSTRIAL: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 72 COMMERCIAL & INDUSTRIAL: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION) 128
TABLE 73 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION) 128
TABLE 74 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 128
TABLE 75 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION) 129
TABLE 76 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 129
TABLE 77 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION) 129
TABLE 78 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 130
TABLE 79 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND) 130
TABLE 80 COMMERCIAL & INDUSTRIAL: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND) 130
13.6 HEALTHCARE 131
13.6.1 VCSELS USED FOR SCANNING AND IMAGING APPLICATIONS IN HEALTHCARE INDUSTRY 131
TABLE 81 HEALTHCARE: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION) 131
TABLE 82 HEALTHCARE: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION) 131
TABLE 83 HEALTHCARE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION) 132
TABLE 84 HEALTHCARE: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 132
TABLE 85 HEALTHCARE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION) 132
TABLE 86 HEALTHCARE: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 133
TABLE 87 HEALTHCARE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION) 133
TABLE 88 HEALTHCARE: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 133
TABLE 89 HEALTHCARE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND) 134
TABLE 90 HEALTHCARE: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND) 134
13.7 MILITARY 134
13.7.1 VCSELS USED FOR TACTICAL SURVEILLANCE AND OBSTACLE DETECTION IN MILITARY TASKS 134
TABLE 91 MILITARY: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION) 134
TABLE 92 MILITARY: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION) 135
TABLE 93 MILITARY: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2022 (USD MILLION) 135
TABLE 94 MILITARY: VCSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 135
TABLE 95 MILITARY: VCSEL MARKET IN EUROPE, BY COUNTRY, 2018–2022 (USD MILLION) 136
TABLE 96 MILITARY: VCSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 136
TABLE 97 MILITARY: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2022 (USD MILLION) 136
TABLE 98 MILITARY: VCSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 137
TABLE 99 MILITARY: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2018–2022 (USD THOUSAND) 137
TABLE 100 MILITARY: VCSEL MARKET IN REST OF THE WORLD, BY REGION, 2023–2028 (USD THOUSAND) 137
14 VCSEL MARKET, BY REGION 138
14.1 INTRODUCTION 139
FIGURE 39 VCSEL MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 139
TABLE 101 VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION) 139
TABLE 102 VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION) 140
14.2 NORTH AMERICA 140
14.2.1 RECESSION IMPACT ON NORTH AMERICA 140
FIGURE 40 NORTH AMERICA: VCSEL MARKET SNAPSHOT 141
TABLE 103 NORTH AMERICA: VCSEL MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 141
TABLE 104 NORTH AMERICA: VCSEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 142
TABLE 105 US: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION) 142
TABLE 106 US: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 142
TABLE 107 CANADA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION) 143
TABLE 108 CANADA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 143
TABLE 109 MEXICO: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND) 143
TABLE 110 MEXICO: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND) 144
14.2.2 US 144
14.2.2.1 US to dominate global VCSEL market during forecast period 144
14.2.3 CANADA 144
14.2.3.1 Data communication applications to drive market 144
14.2.4 MEXICO 145
14.2.4.1 Automotive industry to provide opportunities for market growth 145
14.3 EUROPE 145
14.3.1 RECESSION IMPACT ON EUROPE 145
FIGURE 41 EUROPE: VCSEL MARKET SNAPSHOT 146
TABLE 111 EUROPE: VCSEL MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 146
TABLE 112 EUROPE: VCSEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 147
TABLE 113 UK: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND) 147
TABLE 114 UK: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND) 147
TABLE 115 GERMANY: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION) 148
TABLE 116 GERMANY: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 148
TABLE 117 FRANCE: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND) 148
TABLE 118 FRANCE: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND) 149
TABLE 119 REST OF EUROPE: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND) 149
TABLE 120 REST OF EUROPE: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND) 149
14.3.2 GERMANY 150
14.3.2.1 Germany to hold largest share of VCSEL market in Europe during forecast period 150
14.3.3 UK 150
14.3.3.1 Consumer electronics and communications sectors to drive market in UK 150
14.3.4 FRANCE 150
14.3.4.1 Demand from automotive industry to substantiate market growth 150
14.3.5 REST OF EUROPE 150
14.4 ASIA PACIFIC 151
14.4.1 RECESSION IMPACT ON ASIA PACIFIC 151
FIGURE 42 ASIA PACIFIC: VCSEL MARKET SNAPSHOT 152
TABLE 121 ASIA PACIFIC: VCSEL MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 152
TABLE 122 ASIA PACIFIC: VCSEL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 153
TABLE 123 CHINA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION) 153
TABLE 124 CHINA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 153
TABLE 125 JAPAN: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION) 154
TABLE 126 JAPAN: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 154
TABLE 127 SOUTH KOREA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND) 154
TABLE 128 SOUTH KOREA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND) 155
TABLE 129 REST OF ASIA PACIFIC: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD MILLION) 155
TABLE 130 REST OF ASIA PACIFIC: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 155
14.4.2 CHINA 156
14.4.2.1 China to account for largest share of VCSEL market in Asia Pacific during forecast period 156
14.4.3 JAPAN 156
14.4.3.1 Demand from consumer electronics and data center verticals to drive VCSEL market 156
14.4.4 SOUTH KOREA 156
14.4.4.1 VCSEL market in South Korea dominated by consumer electronics and telecommunications industries 156
14.4.5 REST OF ASIA PACIFIC 157
14.5 REST OF THE WORLD 157
14.5.1 RECESSION IMPACT ON REST OF THE WORLD 157
TABLE 131 REST OF THE WORLD: VCSEL MARKET, BY REGION, 2018–2022 (USD MILLION) 157
TABLE 132 REST OF THE WORLD: VCSEL MARKET, BY REGION, 2023–2028 (USD MILLION) 157
TABLE 133 SOUTH AMERICA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND) 158
TABLE 134 SOUTH AMERICA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND) 158
TABLE 135 MIDDLE EAST & AFRICA: VCSEL MARKET, BY INDUSTRY, 2018–2022 (USD THOUSAND) 158
TABLE 136 MIDDLE EAST & AFRICA: VCSEL MARKET, BY INDUSTRY, 2023–2028 (USD THOUSAND) 159
14.5.2 SOUTH AMERICA 159
14.5.2.1 South America to hold larger share of VCSEL market in RoW during forecast period 159
14.5.3 MIDDLE EAST AND AFRICA 159
14.5.3.1 VCSEL market in Middle East & Africa at nascent stage 159
15 COMPETITIVE LANDSCAPE 160
15.1 OVERVIEW 160
15.2 STRATEGIES ADOPTED BY KEY PLAYERS 160
TABLE 137 OVERVIEW OF STRATEGIES DEPLOYED BY VCSEL MANUFACTURERS 160
15.2.1 PRODUCT PORTFOLIO 160
15.2.2 REGIONAL FOCUS 160
15.2.3 MANUFACTURING FOOTPRINT 161
15.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 161
15.3 MARKET SHARE ANALYSIS: VCSEL MARKET, 2022 161
TABLE 138 DEGREE OF COMPETITION, 2022 161
15.4 FIVE-YEAR COMPANY REVENUE ANALYSIS 162
FIGURE 43 FIVE-YEAR REVENUE ANALYSIS OF TOP FOUR PLAYERS IN VCSEL MARKET 162
15.5 COMPANY EVALUATION QUADRANT 162
15.5.1 STARS 162
15.5.2 EMERGING LEADERS 163
15.5.3 PERVASIVE PLAYERS 163
15.5.4 PARTICIPANTS 163
FIGURE 44 VCSEL COMPANY EVALUATION QUADRANT, 2022 164
15.5.5 COMPANY FOOTPRINT 165
TABLE 139 OVERALL COMPANY FOOTPRINT 165
TABLE 140 COMPANY PRODUCT TYPE FOOTPRINT 166
TABLE 141 COMPANY INDUSTRY FOOTPRINT 167
TABLE 142 COMPANY REGION FOOTPRINT 168
15.6 START-UP/SME EVALUATION MATRIX 169
TABLE 143 LIST OF START-UP/SME COMPANIES IN VCSEL MARKET 169
15.6.1 PROGRESSIVE COMPANIES 170
15.6.2 RESPONSIVE COMPANIES 170
15.6.3 DYNAMIC COMPANIES 170
15.6.4 STARTING BLOCKS 170
FIGURE 45 VCSEL MARKET, START-UP/SME EVALUATION MATRIX, 2022 171
15.7 COMPETITIVE SCENARIOS AND TRENDS 172
15.7.1 PRODUCT LAUNCHES 172
TABLE 144 PRODUCT LAUNCHES, 2019–2022 172
15.7.2 DEALS 175
TABLE 145 DEALS, 2019–2022 175
16 COMPANY PROFILES 178
16.1 KEY PLAYERS 178
(Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats)*
16.1.1 COHERENT CORP. 178
TABLE 146 COHERENT: BUSINESS OVERVIEW 178
FIGURE 46 COHERENT: COMPANY SNAPSHOT 179
16.1.2 LUMENTUM 184
TABLE 147 LUMENTUM: BUSINESS OVERVIEW 184
FIGURE 47 LUMENTUM: COMPANY SNAPSHOT 185
16.1.3 AMS-OSRAM 188
TABLE 148 AMS-OSRAM: BUSINESS OVERVIEW 188
FIGURE 48 AMS-OSRAM: COMPANY SNAPSHOT 189
16.1.4 TRUMPF 193
TABLE 149 TRUMPF: BUSINESS OVERVIEW 193
FIGURE 49 TRUMPF: COMPANY SNAPSHOT 194
16.1.5 BROADCOM 197
TABLE 150 BROADCOM: BUSINESS OVERVIEW 197
FIGURE 50 BROADCOM: COMPANY SNAPSHOT 198
16.1.6 MKS INSTRUMENTS 200
TABLE 151 MKS INSTRUMENTS: BUSINESS OVERVIEW 200
FIGURE 51 MKS INSTRUMENTS: COMPANY SNAPSHOT 201
16.1.7 SANTEC 203
TABLE 152 SANTEC: BUSINESS OVERVIEW 203
FIGURE 52 SANTEC: COMPANY SNAPSHOT 204
16.1.8 LEONARDO ELECTRONICS 206
TABLE 153 LEONARDO ELECTRONICS: BUSINESS OVERVIEW 206
16.1.9 VERTILAS 208
TABLE 154 VERTILAS: BUSINESS OVERVIEW 208
16.1.10 VERTILITE 209
TABLE 155 VERTILITE: BUSINESS OVERVIEW 209
16.2 OTHER KEY PLAYERS 210
16.2.1 ALIGHT TECHNOLOGIES 210
16.2.2 TELEDYNE FLIR 211
16.2.3 INNEOS 212
16.2.4 IQE 213
16.2.5 THORLABS 214
16.2.6 TT ELECTRONICS 215
16.2.7 USHIO AMERICA 216
16.2.8 WIN SEMICONDUCTORS 217
16.2.9 FRANKFURT LASER COMPANY 218
16.2.10 INPHENIX, INC. 218
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
17 APPENDIX 219
17.1 DISCUSSION GUIDE 219
17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 223
17.3 CUSTOMIZATION OPTIONS 225
17.4 RELATED REPORTS 225
17.5 AUTHOR DETAILS 226
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