At 19.4% CAGR, the Asia Pacific Vertical Cavity Surface Emitting Laser (VCSEL) Market is projected to be worth US$ 1,631.20 million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific vertical cavity surface emitting laser market was valued at US$ 470.98 million in 2023 and is expected to reach US$ 1,631.20 million by 2030, registering a CAGR of 19.4% from 2023 to 2030. Rising adoption of VCSEL for 3D sensing applications and emerging telecommunication industry are the critical factors attributed to the Asia Pacific vertical cavity surface emitting laser market expansion.        

The miniaturization of electronic components plays an essential role in the electronic industry as it helps save space so that additional parts or technology can be integrated and reduce the overall size of consumer electronics, medical devices, and automobiles. For example, the free space can allow the incorporation of larger batteries without impacting the size of the electronic device. The miniaturization of electronics leads to less power consumption due to its small size and enhanced efficiency. Thus, the benefits of miniaturization are considered to surge its adoption in the electronics market in the future. Players operating in the VCSEL industry are launching innovative products to support electronic components in miniature devices. In October 2022, TRUMPF added a multi-junction feature to its VCSEL array portfolio. This feature increases the output by three times compared to a normal VCSEL device. This multi-junction technology can support applications such as LiDAR in the automotives to have high-output power within limited space for object identification. Thus, the benefits of VCSEL products mentioned above will propel its demand for miniaturized electronics during the forecast period.

On the contrary, stringent government standard on VCSEL use hampers the Asia Pacific Vertical Cavity Surface Emitting Laser (VCSEL) Market.  

Based on type, the Asia Pacific vertical cavity surface emitting laser market is segmented into single mode and multi-mode. The single mode segment held 63.9% share of Asia Pacific Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 301.19 million. It is projected to garner US$ 1,015.78 million by 2030 to expand at 19.0% CAGR during 2023–2030. 

Based on material, the Asia Pacific vertical cavity surface emitting laser market is segmented into Gallium Arsenide (GAAS), Indium Phosphide (INP), and others. The Gallium Arsenide (GAAS) segment held 69.1% share of Asia Pacific Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 325.68 million. It is projected to garner US$ 1,169.29 million by 2030 to expand at 20.0% CAGR during 2023–2030.

Based on data rate, the Asia Pacific vertical cavity surface emitting laser market is segmented into Up to 10 GBPS, 10.1 to 25 GBPS, and Above 25 GBPS. The above 25 GBPS segment held 55.0% share of Asia Pacific Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 258.96 million. It is projected to garner US$ 942.97 million by 2030 to expand at 20.3% CAGR during 2023–2030.

Based on wavelength, the Asia Pacific vertical cavity surface emitting laser market is segmented into Red, Near Infrared (NIR), and Short Wave Infrared (SWIR). The red segment held 41.4% share of Asia Pacific Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 194.81 million. It is projected to garner US$ 604.15 million by 2030 to expand at 17.5% CAGR during 2023–2030.

Based on application, the Asia Pacific vertical cavity surface emitting laser market is segmented into sensing, data communication, industrial heating & printing, and others. The sensing segment held 76.0% share of Asia Pacific Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 357.85 million. It is projected to garner US$ 1,244.83 million by 2030 to expand at 19.5% CAGR during 2023–2030.

Based on end-use industry, the Asia Pacific vertical cavity surface emitting laser market is segmented into mobile & consumer, telecom & infrastructure, industrial, defense & aerospace, medical, and automotive & mobility. The mobile & consumer segment held 53.8% share of Asia Pacific Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 253.36 million. It is projected to garner US$ 888.92 million by 2030 to expand at 19.6% CAGR during 2023–2030.

Based on country, the Asia Pacific vertical cavity surface emitting laser market has been categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 43.0% share of Asia Pacific Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023. It was assessed at US$ 202.43 million in 2023 and is likely to hit US$ 738.39 million by 2030, exhibiting a CAGR of 20.3% during the forecast period.      

Key players dominating the Asia Pacific vertical cavity surface emitting laser market are ams-OSRAM AG; Broadcom Inc; Coherent Corp; Hamamatsu Photonics KK; IQE Plc; Leonardo SpA; Lumentum Holdings Inc.; TRUMPF SE + Co KG; VERTILAS GmbH; and Vertilite Co Ltd, among others.   

• In 2023, TRUMPF demonstrated outstanding results regarding the efficiency of infrared laser components with long wavelengths beyond 1300 nm on an industrial-grade manufacturing level. This makes TRUMPF one step further towards mass production of indium-phosphide-based (InP) VCSELs in the range from 1300 nm to 2000 nm.
• In 2023, Multimode VCSEL was released by Trumpf. Along with these capabilities, the new VCSEL has steady polarisation and linear polarisation. The new solution is applicable to smartphones as well as other domains.

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