VCSEL Market

VCSEL Companies - Lumentum (US) and Coherent Corporation (US) are the Key Players

The VCSEL market is estimated to grow from USD 1.6 billion in 2023 to USD 2.9 billion by 2028; it is projected to grow at a CAGR of 13.6% from 2023 to 2028. The major drivers for this market include increase in applications of VCSELs in data communication and the growing adoption of 3D sensing applications in smartphones.

The VCSEL market is dominated by the players Lumentum (US), Coherent Corporation (US), ams-OSRAM (Austria), TRUMPF (Germany), Broadcom (US), Leonardo Electronics (US), MKS Instruments (US), Santec (Japan), VERTILAS (Germany), Vertilite (China), Alight Technologies (Denmark), Inneos (US), IQE (UK), Thorlabs (UK), TT Electronics (UK), Ushio America (US), WIN Semiconductors (Taiwan), and Frankfurt Laser Company (Germany) among others. Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as partnerships, collaborations, and acquisitions, to increase their competitiveness in the VCSEL market. Among these strategies, the players have widely adopted product launches and developments as key strategies to gain a competitive advantage in the market. These strategies have helped the players to efficiently cater to different end users.

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Lumentum is a one of the major technology firm that develops and manufactures optical communication products and industrial lasers. The company operates through two major business segments comprise of Optical Communications (OpComms) and Commercial Lasers (Lasers). The company develops VCSELs through its Optical Communications business segment to offer products like  optical transceivers that are equipped with VCSELs, and subsystems for telecom, data center, enterprise, metro optics, and other applications. The Lasers segment offered by the company comprise of various commercial, as well as 3D sensing and industrial lasers. -The products such as emitting diode laser, fiber-coupled diode laser, and VCSELs are covered under laser diodes category. The wavelength of these VCSELs is around 850 nm and is made of gallium arsenide (GaAs). The VCSELs offered by the company operates in the range of 25 Gbps to 50 Gbps data rates. In April 2022, Lumentum launched M-Series multi-junction VCSEL arrays for next-generation automotive, industrial LiDAR, and 3D sensing applications. The M51-100 905 nm 70 W multi-junction VCSEL array is a compact, highly reliable, power-dense solution optimized for next-generation LiDAR systems.

Coherent Corporation is one of the major manufacturers of engineered materials, optoelectronic components, and optical systems, offering vertical integrated solutions for a variety of applications. Coherent (formally II-VI Incorporated) operates in two business segments, namely, Photonic Solutions and Compound Semiconductors. VCSELs are covered under the Compound Semiconductors business segment. The company mainly offers VCSEL with wavelength of 850 nm that have applications in consumer electronics, automobiles, material processing, and printing. These VCSELs are used for optical navigation in high-speed datacom transceivers and optical sensing in consumer electronic devices. In December 2022, Coherent partnered with two Korean institutions namely, the Electronics and Telecommunications Research Institute (ETRI) and the Korea Advanced Institute of Science & Technology (KAIST), to promote collaboration on advanced electronic and photonic devices. It will also strengthen the company’s position in the Korean market.

Related Reports:

VCSEL Market by Type (Single-mode and Multimode), Material (GaAs, InP, GaN), Wavelength, Application (Sensing, Data Communication, Industrial Heating & Printing, Emerging), Data Rate, Industry and Region - Global Forecast to 2028

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VCSEL Market Size,  Share & Growth Report
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