Vertical Cavity Surface Emitting Laser Market
Innovators are tapping a specialized semiconductor laser diode, vertical-cavity surface emitting laser (VCSEL), to achieve diversified industrial applications. Industries that are highly influenced by the emerging technology are telecommunication, electronics, data centers, and healthcare. The high cachet of VCSEL technology in these affluent sectors can lay a ground work for its market to evolve. Market Research Future (MRFR), an emerging market research report dealer, studied undercurrents influencing the VCSEL market.
MRFR findings reveals the growth scope of the VCSEL market. Across 2018 to 2025, the VCSEL global market can surge at 17.1% CAGR owing to the penetration of VCSEL in telecom and consumer electronics industries. The potential of VCSEL technology to redefine 3D printing, automation, radar, LIDAR, smartphone, laser printers, and speed data communication solutions and services can upsurge the market value by 2025.
In 2018, CSEL market was estimated at USD 1.65 Bn. On conclusion of the review period, the VCSEL market can gain USD 4.86 Bn; predicts MRFR. The increase in VCSEL technology exercised across different fields to deliver more productive solutions can gain considerable traction. In September 2018, Osram introduced its foremost VCSEL. Osram is a German light solution developer with this launch marked its exploration in 3D sensing applications. In Feb 2020, Vixar, a start-up by Osram unveiled its 10W VCSEL chip for 3D sensing. The 10W power, 940nm-wavelength chip provides superior efficiency that are aimed to achieve wide application range of 3D sensing. Contributions by VCSEL dealers are likely to boost dynamics of the market. Gallium arsenide (GaAs), gallium nitride (GaN), and indium phosphide (InP) are materials used in the fabrication for VCSEL diodes. The high demand for GaN and its easy accessibility can support the expansion of the market.
Vertical cavity surface-emitting laser, abbreviated and well known as VCSEL, is a laser beam enabled semiconductor laser diode. It has found applications across different laser products. Rising popularity of laser products and their increasing applications are expected to catalyze the growth rate of the VCSEL market. Some of the laser products that use the technology are face ID, fiber optics communications, computer mice, etc.
Vertical Cavity Surface-Emitting Laser VS. Edge-Emitting Laser
The product enjoys certain advantages over the production of edge-emitting lasers. These are –
- Edge-emitting lasers cannot be tested till production process ends. However, VCSEL can be tested through the stages of the production process.
- The processing materials are wasted if edge-emitting lasers fail to perform efficiently. Material quality, as well as processing issues, can be checked for VCSELs throughout the process, thus, creating way for rectification.
Although the product offers benefits as compared to production of conventional lasers, its production process is material intensive and more labor.
Applications of Vertical Cavity Surface-Emitting Laser
The applications range of VCSEL has been widening in recent times. Some of the key applications of the product are as follows –
Face Recognition
Face recognition has taken over the electrical & electronics industry and has gained much popularity in a short span of time. Increasing investments in increasing the efficiency of these systems is poised to act in favor of the augmentation of vertical cavity surface emitting laser market.
Mobile Devices
The product is used in a lot of electronics and gadgets. Mobile devices are one of the primary users of this laser. Rising penetration of these devices is poised to boost demand for VCSEL over the next couple of years.
Driver Monitoring
These lasers have found application in the automotive industry. The growth of the industry is expected to impact the VCSEL market growth favorably. It is used to produce driver monitoring systems and rising implementation of stringent vehicle safety norms is poised to drive Market growth in the coming years.
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