VCSEL Market Worth $5.76 Billion by 2029

According to a new market research report VCSEL Market by Type, the global Vertical-cavity Surface-emitting Lasers (VCSEL) market is expected to grow at a CAGR of 26.5% from 2022–2029 to reach $5.76 billion by 2029.

Vertical-cavity surface-emitting lasers (VCSEL) are surface-emitting semiconductor light sources. They emit laser beams in a direction perpendicular to their top surface. VCSEL enable high-speed data transmission over short-distance links, interconnects, and local area networks.

Array-based VCSEL provide more inherent reliability to products than EELs. VCSEL are light sources suitable for transmitting RF and microwave signals over radio-over-fiber (ROF) networks. They are used for antenna remoting in cellular systems for mobile communication.

VCSEL manufacturers are expanding their production capabilities to meet the growing demand from various industries. Nowadays, 3D sensing technology is increasingly integrated with Augmented Reality (AR) and Virtual Reality (VR) for smart glasses, drones, and other applications. It can enable recording large volumes of three-dimensional data, including depth data, facial details, and expressions.

In February 2021, II–VI Incorporated announced the launch of its double-junction VCSEL arrays, the first of its multi-junction VCSEL array platforms for next-generation world-facing 3D sensing applications. The VCSEL arrays are based on double junction technology, which doubles the power output per VCSEL emitter and improves the power conversion efficiency to 56%, compared to 46% in the existing single-junction technology.