The Global [FURL=https://www.industryarc.com/Report/19359/vcsel-sensor-market.html]Vertical Cavity Surface Emitting Laser (VCSEL) Sensor Market[/FURL] is forecast to reach $2.8 Billion by 2025, growing at CAGR 18% during the forecast period 2020-2025. Rising technological advancements across consumer devices especially smartphones for features such as facial recognition, high-quality image acquisition, ambient light sensing and so on is analysed to drive the market. Along with this, increasing demands from automotive sector towards VCSEL based LiDAR for ADAS systems is also poised to assist VCSEL sensor market growth from 2020 to 2025. Moreover, deployment of VCSEL technology in medical diagnostic and therapeutic applications as well as telecommunication sector for achieving high data communication speeds through integration into advanced optical transceivers are also analysed to open new growth avenues for VCSEL sensors market.Key Takeaways
Multi-mode segment is expected to have a major contribution during the forecast period 2020-2025 for the VCSEL sensor owing to its higher data transmission feature for telecom applications and better compatibility for space constrained application such as consumer devices.
APAC is expected to have a major share during the forecast period in the VCSEL sensor market due to high investments from major end customers especially for smartphones applications using VCSEL technology.
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VCSEL Sensor Market Segment Analysis - By Geography
Asia-Pacific VCSEL sensor market is estimated to witness a major growth of around CAGR 20% during the forecast period 2020-2025. High investments towards research and development activities along with the growth of consumer electronics sector have been fuelling the growth for VCSEL sensor market in this region. Moreover, factors such as increasing demand for medium to high range smartphones with new features such as gesture and facial recognition is also set to drive the demand for VCSEL sensors from 2020 to 2025.
VCSEL Sensor Market Drivers
Rising adoption in LiDAR using VCSEL technology
Technological advancements in consumer devices
VCSEL Sensor Market Landscape
Partnerships and acquisitions along with product launches are the key strategies of the players in the VCSEL sensor Market. The major key players in the VCSEL sensor Market include Vixar Inc., Broadcom Inc., Lumentum Operations LLC, ams AG, II-VI Incorporated, IQE, Vishay Intertechnology Inc., Santec Corporation, WIN Semiconductors and TT Electronics.
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