Institution: The VCSEL market size is expected to reach US$1.6 billion in 2022, and there is huge room for growth in the future
Sep 21,2022
The research institute Yole Group recently updated its forecast for the VCSEL (vertical cavity surface emitting laser) market. The agency said that the overall size of the VCSEL market is expected to reach $1.6 billion in 2022 and $3.9 billion in 2027. The compound annual growth rate in 2027 will reach 19.2%.
In terms of application fields, VCSELs required for data communications such as optical modules will create a market of US$782 million in 2022, and will reach US$2.1 billion in 2027. Although mobile and consumer electronics products still rank among VCSELs with US$840 million in revenue this year The largest market segment, but due to the slower growth rate than the data communication market, the market size is expected to be US$1.9 billion in 2027.
From the perspective of supplier structure, Lumentum and Coherent (II-VI) have formed a duopoly, with a combined market share of 80%. Epitaxy mergers and acquisitions further consolidated its position in the optical communications market.
Yole also reminded that not long ago, British manufacturer IQE showed its first 8-inch epitaxial wafer based on germanium instead of GaAs. Photonics such as VCSEL based on new materials can be highly integrated with CMOS devices and create a possibility for the transition to a 12-inch process platform. In addition, a new process of modulating the laser wavelength has recently emerged in the industry, which helps to realize the integration of OLED and VCSEL, and the latter realizes 3D sensing by penetrating the OLED panel.
From the perspective of supplier structure, Lumentum and Coherent (II-VI) have formed a duopoly, with a combined market share of 80%. Epitaxy mergers and acquisitions further consolidated its position in the optical communications market.
Yole also reminded that not long ago, British manufacturer IQE showed its first 8-inch epitaxial wafer based on germanium instead of GaAs. Photonics such as VCSEL based on new materials can be highly integrated with CMOS devices and create a possibility for the transition to a 12-inch process platform. In addition, a new process of modulating the laser wavelength has recently emerged in the industry, which helps to realize the integration of OLED and VCSEL, and the latter realizes 3D sensing by penetrating the OLED panel.