VCSEL Market with COVID-19 Impact Analysis by Type, Material, Wavelength, Application, Data Rate, Industry and Region - Global Forecast to 2026
DUBLIN, July 20, 2021 /PRNewswire/ -- The "VCSEL Market with COVID-19 Impact Analysis by Type, Material (GaAs, InP), Wavelength, Application (Sensing, Data Communication, Industrial Heating & Printing, Emerging), Data Rate, Industry, and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The VCSEL market is expected to grow from USD 1.4 billion in 2021 and is projected to reach USD 3.3 billion by 2026; it is expected to grow at a CAGR of 18.8% during the forecast period.
VCSELs play an important role in 3D sensing applications in smartphones. Cameras that scan and render objects in 3D have now become a standard feature in high-end smartphones resulting in an increase in the adoption of VCSELs in 3D sensing applications in the market. The increased adoption is creating growth opportunities for manufacturers of wafers, equipment providers, metal-organic chemical vapor deposition (MOCVD) system providers, and foundries, testing & inspection companies; among others. With the entire VCSEL ecosystem is gaining market traction, it is expected to offer growth opportunities during the forecast period.
Market for multimode VCSELs to grow at higher CAGR during the forecast period
The multimode VCSEL segment is projected to register a higher CAGR during the forecast period. In 2017, with the release of the Apple iPhone X, its 3D sensing module and multimode VCSELs witnessed an increased production, becoming more prevalent in the market. They are also increasingly used for high-power 3D ToF sensing, industrial, illumination, and LiDAR applications. The integration of 3D sensing by more smartphone manufacturers and the future applications of VCSELs in automotive LiDAR is projected to account for this growth.
Market for GaAs based VCSELs to grow at highest CAGR during the forecast period
The GaAs segment is projected to register the highest CAGR during the forecast period. The high adoption of GaAs-based VCSELs in the production of smartphones and consumer devices is the primary growth driver in the market. In addition, the use of GaAs-based VCSELs in LiDAR applications is projected to create growth opportunities in the long term for the players operating in the ecosystem. Technological innovations in consumer electronics besides smartphones, such as AR/VR devices, are projected to further increase the demand for GaAs-based VCSELs in 3D sensing applications.
Market in the automotive industry to grow at highest CAGR during the forecast period
The high growth in the automotive segment is attributed to the increase in the use of VCSELs in automobiles for driver monitoring and infotainment systems. As the automotive industry is moving toward the evolution of autonomous vehicles, VCSELs are finding increased applications in systems, such as advanced driver assistance systems (ADAS), to support this evolution. LiDAR is the latest technology used in automotive safety developments and solutions that are being developed to make solid-state LiDARs using VCSELs. The increase in transition toward the adoption of autonomous vehicles in the long term is projected to drive the growth of the segment. The increase in the importance of VCSEL for LiDAR, in-cabin monitoring/driver monitoring, and gesture recognition are expected to be the primary growth drivers during the forecast period.
Market in APAC to grow at highest CAGR during the forecast period
APAC has a large consumer electronics industry, including countries such as China, Japan, and South Korea, which is the largest manufacturer and end-user of consumer devices. South Korea is a key country for manufacturing portable consumer devices, while China is the manufacturer and consumer of consumer electronics devices. Players such as Samsung (South Korea), Huawei (China), Oppo (China), and Xiaomi (China) are already using VCSELs in their smartphones. Significant investments in new vehicle technologies, including electric vehicles, LiDAR, and autonomous vehicles, are expected to create a demand for VCSELs. Countries in APAC such as China and South Korea have led to the adoption of 5G communication technology, which would further provide opportunities for penetration of VCSELs in data communication. Hence, for consumer electronics, the market in APAC is projected to continue o grow as markets in North America and Europe continue to stagnate over time.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary 3.1 Realistic Scenario 3.2 Optimistic Scenario 3.3 Pessimistic Scenario
4 Executive Summary 4.1 Attractive Opportunities in the Vcsel Market 4.2 Vcsel Market, by Type 4.3 Vcsel Market, by Material 4.4 Vcsel Market, by Wavelength 4.5 Vcsel Market, by Data Rate 4.6 Vcsel Market, by Application 4.7 Vcsel Market in APAC, by Industry Vs. Country 4.8 Vcsel Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Adoption of 3D Sensing Applications in Smartphones 5.2.1.2 Increasing Application of Vcsels in Data Communication 5.2.1.3 Increased Market Investment for Vcsel Manufacturing 5.2.2 Restraints 5.2.2.1 Limited Data Transmission Range 5.2.2.2 Limitations of Semiconductor Material Hampering the Performance of Vcsels 5.2.3 Opportunities 5.2.3.1 Use of Vcsels in Lidar Systems for Automotive Applications 5.2.3.2 Growing IoT Market and Data Processing Across Commercial and Government Sectors 5.2.3.3 Growing Adoption of Vcsels in Consumer Electronic Devices 5.2.4 Challenges 5.2.4.1 Manufacturing Defects in Vcsels 5.2.4.2 Impact of COVID-19 on the Smartphone and Automotive Industry 5.3 Tariffs and Regulations 5.3.1 Tariffs Related to Vcsels 5.4 Regulations 5.5 Case Studies 5.6 Average Selling Price of Vcsels for Various End-Products
6 Industry Trends 6.1 Introduction 6.2 Value Chain Analysis 6.3 Ecosystem/Market Map 6.3.1 Manufacturers 6.3.2 Suppliers 6.3.3 Distributors 6.3.4 OEMs 6.4 Technology Analysis 6.4.1 Key Technologies 6.4.1.1 3D Camera 6.4.1.2 Lidar 6.4.2 Adjacent Technology 6.4.2.1 Eels 6.5 Technology Trends 6.5.1 New Materials Used in Manufacturing of Vcsels 6.5.2 Miniaturization of Vcsels 6.5.3 Under Display Vcsels 6.6 Patent Analysis 6.7 Trade Data 6.7.1 Trade Data 6.8 Porter's Five Forces Model 6.8.1 Degree of Competition 6.8.2 Bargaining Power of Suppliers 6.8.3 Bargaining Power of Buyers 6.8.4 Threat from Substitutes 6.8.5 Threat of New Entrants 6.9 Vcsel Market: Supply Chain 6.10 Yc-Ycc Shift
7 Vcsel Fabrication Methods 7.1 Introduction 7.2 Selective Oxidization 7.2.1 Selectively Oxidized Vcsels Contain An Oxide Aperture in the Laser Cavity, Which Produces Strong Electrical and Optical Confinement 7.3 Ion Implantation 7.3.1 Ion Implantation Provides a Highly Controlled Aperture That Leads to Higher and Stable Productivity of Vcsels
8 Application of Vcsel Technology in Smartphones 8.1 Introduction 8.2 Dot Projector 8.2.1 A Dot Projector is a Key Component That Enables a Smartphone's Facial Recognition Feature 8.3 Time-Of-Flight (Tof) 8.3.1 A Time-Of-Flight Module Uses Vcsels to Release Infrared Light and Used for Proximity Sensing 8.3.2 Proximity Sensing 8.4 Flood Illuminator 8.4.1 Flood Illuminators Use Vcsels to Project the Infrared Light Used to Illuminate the Face of the User
9 Vcsel Market, by Type 9.1 Introduction 9.2 Single-Mode 9.2.1 Single-Mode Vcsels Are Mainly Used for Low Power Applications 9.3 Multimode 9.3.1 Multimode Vcsels Are Increasingly Used for High Power Applications 9.4 Impact of COVID-19 on Different Types of Vcsels 9.4.1 Most Impacted Type 9.4.2 Least Impacted Type
10 Vcsel Market, by Material 10.1 Introduction 10.2 Gallium Argeside (Gaas) 10.2.1 Gaas-Based Vcsels to Register the Highest CAGR During Forecast Period 10.3 Indium Phosphide (InP) 10.3.1 Inp is More Expensive Than Gaas Due to Material Costs and Small Wafer Size 10.4 Others 10.4.1 Vcsels in the Swir Band Have Wavelength Between 1,400Nm and 3,000Nm
11 Vcsel Market, by Wavelength 11.1 Introduction 11.2 Red 11.2.1 Vcsels in the Red Band Have Wavelength in Between 650Nm and 750Nm 11.3 Near-Infrared (Nir) 11.3.1 Vcsels in the Nir Band Have Wavelength Between 750Nm and 1,400Nm 11.4 Shortwave Infrared (Swir) 11.4.1 Vcsels in the Swir Band Have a Wavelength Between 1,400Nm and 3,000Nm
12 Vcsel Market, by Application 12.1 Introduction 12.2 Sensing 12.2.1 3D Sensing 12.2.1.1 Tof Camera 12.2.1.1.1 Proximity Sensing 12.2.1.1.1.1 Proximity Sensing is Widely Used in Smartphones 12.2.1.2 Structured Light Illumination 12.2.1.2.1 Increasing Adoption of Face Recognition Technologies in Smart Devices Creates Lucrative Growth Opportunities 12.2.1.3 Facial & Gesture Recognition 12.2.1.3.1 Increase in Adoption of Biometric Technologies in Smart Devices to Drive the Market Growth 12.2.2 Gas Sensing 12.2.2.1 Single-Mode Vcsels Are Used for Gas Sensing in Industrial Environments 12.2.3 Optical Mice 12.2.3.1 Vcsel-Based Optical Mouse Enables Operations on a Wide Range of Surfaces and Offers High Resolution and Low Power Consumption 12.3 Data Communication 12.3.1 Optical Transceivers & Active Optical Cables 12.3.1.1 Growing Adoption of High Data Rate Optical Components in Data Centers to Drive the Market Growth 12.4 Industrial Heating & Laser Printing 12.4.1 Additive Manufacturing 12.4.1.1 in Additive Manufacturing, Vcsel Heating Reduces the Thermal Gradient 12.4.2 Laser Printing 12.4.2.1 Laser Printing Mainly Requires Low-Cost, Single-Mode Vcsels 12.5 Emerging & Other Applications 12.5.1 Lidar 12.5.1.1 Rising Trends in Autonomous Vehicles to Create Significant Applications in Automotive Lidars 12.5.2 In-Cabin Sensing 12.5.2.1 Innovations in Vehicle Infotainment Systems Driving the Demand for the In-Cabin Sensing Application Segment 12.5.3 Atomic Clock & Gps 12.5.3.1 Vcsels Offer Compact & Low-Cost Solutions for Use in Atomic Clocks 12.5.4 Magnetometer 12.5.4.1 Highly Accurate Detection of Magnetic Fields is Made Possible with the Use of Vcsel-Based Magnetometers 12.5.5 Infrared Illumination for Surveillance 12.5.5.1 Vcsels Offer Improved Performance and Visibility in Security & Surveillance Applications 12.5.6 Pulse Oximetry 12.5.6.1 Vcsels Provide Benefits of Narrower Spectral Linewidth Emission for Pulse Oximetry Application
13 Vcsel Market, by Data Rate 13.1 Introduction 13.2 Up to 10 Gbps 13.2.1 Vcsels with Data Rates Up to 10 Gbps Are Primarily Used in Data Communication Applications 13.3 10.1 to 25 Gbps 13.3.1 Vcsels with Data Rate of 10.1 to 25 Gbps Dominated the Market in 2020 13.4 Above 25 Gbps 13.4.1 Vcsels with Data Rate Above 25 Gbps to Record the Highest Growth During the Forecast Period
14 Vcsel Market, by Industry 14.1 Introduction 14.2 Consumer Electronics 14.2.1 Consumer Electronics Held a Dominant Share in the Vcsel Market in 2020 14.3 Data Center 14.3.1 Increase in Data Bandwidth in the Data Centers to Drive the Demand for Vcsels 14.4 Automotive 14.4.1 Vcsels in Automotive Lidar to Boost the Market Growth During the Forecast Period 14.5 Commercial & Industrial 14.5.1 Various Industrial Applications Using Vcsels Include Infrared Illumination, Laser Printing, and Heating 14.6 Healthcare 14.6.1 Vcsels Are Mainly Used for Scanning and Imaging Applications in the Healthcare Industry 14.7 Military 14.7.1 Vcsels Are Used for Tactical Surveillance and Obstacle Detection in Military Tasks 14.8 Impact of COVID-19 on Different Industries 14.8.1 Most Impacted Industry 14.8.2 Least Impacted Industry
15 Geographic Analysis
16 Competitive Landscape
17 Company Profiles 17.1 Key Players 17.1.1 Ii-Vi Incorporated 17.1.2 Lumentum 17.1.3 Ams 17.1.4 Trumpf 17.1.5 Broadcom 17.1.6 Leonardo Electronics 17.1.7 Mks Instruments 17.1.8 Santec 17.1.9 Vertilas 17.1.10 Vertilite 17.2 Other Key Players 17.2.1 Alight Technologies 17.2.2 Coherent 17.2.3 Flir 17.2.4 Inneos 17.2.5 Iqe 17.2.6 Thorlabs 17.2.7 Tt Electronics 17.2.8 Ushio America 17.2.9 Win Semiconductors 17.2.10 Frankfurt Laser Company
18 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/d3b3t6
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