At 15.7% CAGR, the North America Vertical Cavity Surface Emitting Laser (VCSEL) Market is projected to be worth US$ 1,872.15 million by 2030, says Business Market Insights

According to Business Market Insights research, the North America vertical cavity surface emitting laser market was valued at US$ 672.88 million in 2023 and is expected to reach US$ 1,872.15 million by 2030, registering a CAGR of 15.7% from 2023 to 2030. Rising adoption of VCSEL for 3D sensing applications and emerging telecommunication industry are the critical factors attributed to the North America vertical cavity surface emitting laser market expansion.        

Demand for high-speed internet and better connectivity of devices is rising. Therefore, small and large enterprises are digitalizing their businesses to increase output and simplify processes and workflow. Governments of several countries are investing in strengthening their telecom sector to fulfill the rise in demand for better connectivity. In December 2021, the US president announced an investment of US$ 1.2 trillion under the infrastructure package. A large portion of this package was used to boost the broadband infrastructure and affordability initiatives. This package was also focused on remodeling its aging infrastructure. Moreover, there is a rise in the telecom industry in the developing economies. VCSEL is widely used as a light-emitting device in data transmissions via fiber optics cables. It offers high modulation speeds, beam quality, and energy efficiency, leading to surging demand for optical communications. Therefore, the emerging telecommunication industry is fueling the North America VSCEL market.

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

Based on type, the North America vertical cavity surface emitting laser market is segmented into single mode and multi-mode. The single mode segment held 62.7% share of North America Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 422.08 million. It is projected to garner US$ 1,147.05 million by 2030 to expand at 15.4% CAGR during 2023–2030. 

Based on material, the North America vertical cavity surface emitting laser market is segmented into Gallium Arsenide (GAAS), Indium Phosphide (INP), and others. The Gallium Arsenide (GAAS) segment held 66.1% share of North America Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 444.88 million. It is projected to garner US$ 1,277.26 million by 2030 to expand at 16.3% CAGR during 2023–2030.

Based on data rate, the North America 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 57.6% share of North America Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 387.33 million. It is projected to garner US$ 1,135.71 million by 2030 to expand at 16.6% CAGR during 2023–2030.

Based on wavelength, the North America vertical cavity surface emitting laser market is segmented into Red, Near Infrared (NIR), and Short Wave Infrared (SWIR). The red segment held 40.2% share of North America Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 270.40 million. It is projected to garner US$ 704.29 million by 2030 to expand at 14.7% CAGR during 2023–2030.

Based on application, the North America vertical cavity surface emitting laser market is segmented into sensing, data communication, industrial heating & printing, and others. The sensing segment held 71.3% share of North America Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 480.07 million. It is projected to garner US$ 1,357.82 million by 2030 to expand at 16.0% CAGR during 2023–2030.

Based on end-use industry, the North America 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 50.0% share of North America Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023, amassing US$ 336.76 million. It is projected to garner US$ 951.13 million by 2030 to expand at 16.0% CAGR during 2023–2030.

Based on country, the North America vertical cavity surface emitting laser market  has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 65.8% share of North America Vertical Cavity Surface Emitting Laser (VCSEL) Market in 2023. It was assessed at US$ 442.62 million in 2023 and is likely to hit US$ 1,258.09 million by 2030, exhibiting a CAGR of 16.1% during the forecast period.      

Key players dominating the North America 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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