At 17.3% CAGR, the Europe Vertical Cavity Surface Emitting Laser (VCSEL) Market is projected to be worth US$ 925.45 million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe vertical cavity surface emitting laser market was valued at US$ 303.20 million in 2023 and is expected to reach US$ 925.45 million by 2030, registering a CAGR of 17.3% from 2023 to 2030. Rising adoption of VCSEL for 3D sensing applications and emerging telecommunication industry are the critical factors attributed to the Europe vertical cavity surface emitting laser market expansion.        

The rising use of digitization, the Internet of Things (IoT), AI, and big data generates a huge amount of data that needs to be processed, stored, and analyzed in real time. The adoption of IoT and cloud technologies has increased the number of interconnected devices and systems, resulting in a mounting need for high speed, low latency, and better network connectivity. Thus, the rising data generation led to the increase in the construction of data centers to handle large data volumes. The increasing number of data centers has upsurged the need for high data transmission speed to maintain and manage the data center. The ability of VCSEL to emit light at high speeds makes it one of the ideal options for high-speed data transmission applications. Thus, the rising demand for VCSEL for the optical interconnect infrastructures in the data centers is expected to offer lucrative opportunities for the VCSEL market in the coming years.

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

Based on type, the Europe vertical cavity surface emitting laser market is segmented into single mode and multi-mode. The single mode segment held 64.7% share of Europe Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 196.14 million. It is projected to garner US$ 582.75 million by 2030 to expand at 16.8% CAGR during 2023–2030. 

Based on material, the Europe vertical cavity surface emitting laser market is segmented into Gallium Arsenide (GAAS), Indium Phosphide (INP), and others. The Gallium Arsenide (GAAS) segment held 66.0% share of Europe Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 200.15 million. It is projected to garner US$ 625.56 million by 2030 to expand at 17.7% CAGR during 2023–2030.

Based on data rate, the Europe 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 56.7% share of Europe Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 171.79 million. It is projected to garner US$ 553.31 million by 2030 to expand at 18.2% CAGR during 2023–2030.

Based on wavelength, the Europe vertical cavity surface emitting laser market is segmented into Red, Near Infrared (NIR), and Short Wave Infrared (SWIR). The red segment held 42.1% share of Europe Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 127.58 million. It is projected to garner US$ 351.94 million by 2030 to expand at 15.6% CAGR during 2023–2030.

Based on application, the Europe vertical cavity surface emitting laser market is segmented into sensing, data communication, industrial heating & printing, and others. The sensing segment held 74.1% share of Europe Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 224.68 million. It is projected to garner US$  693.97 million by 2030 to expand at 17.5% CAGR during 2023–2030.

Based on end-use industry, the Europe 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 52.4% share of Europe Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$  159.01 million. It is projected to garner US$ 492.35 million by 2030 to expand at 17.5% CAGR during 2023–2030.

Based on country, the Europe vertical cavity surface emitting laser market  has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.7% share of Europe Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023. It was assessed at US$ 75.00 million in 2023 and is likely to hit US$ 244.38 million by 2030, exhibiting a CAGR of 18.4% during the forecast period.      

Key players dominating the Europe 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; and VERTILAS GmbH, 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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