The North America VCSEL Market would witness market growth of 12.3% CAGR during the forecast period (2022-2028).
In contrast to edge-emitting semiconductor lasers, VCSELs can be examined and described immediately after growth, i.e., before the wafer is cleaved, which is a significant practical advantage. This allows for early identification and fast resolution of quality issues. In addition, it is feasible to merge a VCSEL wafer with an array of optical elements (such as collimation lenses) and then dice this composite wafer instead of installing the visual elements separately for each VCSEL. This allows for inexpensive laser product mass manufacture. Compared to the creation of edge-emitting lasers, creating VCSELs has several advantages.
Edge emitters can only be checked once the production process is complete. Production time and processing materials are well-spent if the edge emitter operates properly due to faulty contacts or poor material growth quality. However, VCSELs can be evaluated at multiple stages throughout the manufacturing process to check for material quality and manufacturing defects. For example, suppose the vias, the electrical connections between circuit layers, were not fully cleared of dielectric material during the etch. In that case, an interim testing process will indicate that the top metal layer is not establishing contact with the initial metal layer.
The Canadian automotive industry is amongst the largest in North America. Imports account for around 75 percent of the new vehicle market. Most international vehicle manufacturers are in Canada, with their local assembly lines. In addition to recent vehicle sales, the industry predicted in 2021 that the annual retail value of the automotive aftermarket was over US$19 billion and generally stable. Passenger vehicle imports increased by nearly 26% to $27.8 billion in 2021. Also, the imports of trucks and other goods-transporting vehicles, as well as tractors, increased. This will boost the market's growth in the region.
The US market dominated the North America VCSEL Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $588.9 million by 2028. The Canada market is poised to grow at a CAGR of 14.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13.9% during (2022 - 2028).
Based on Type, the market is segmented into Multimode and Single mode. Based on Wavelength, the market is segmented into Near Infrared (NIR), Shortwave Infrared (SWIR) and Red. Based on Application, the market is segmented into Sensing, Data Communication, Industrial Heating & Laser Printing and Others. Based on Data Rate, the market is segmented into 10.1 to 25 Gbps, Up to 10 Gbps and Above 25 Gbps. Based on Material, the market is segmented into Gallium Arsenide (GaAs) and Indium Phosphide (InP) & Others. Based on Industry, the market is segmented into Consumer Electronics, Data Center, Commercial & Industrial, Automotive, Healthcare and Military. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global VCSEL Market is Estimated to reach $2.7 Billion by 2028, at a CAGR of 13.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include II-VI, Incorporated, Lumentum Holdings, Inc., ams-OSRAM AG, Broadcom, Inc., Leonardo SpA, MKS Instruments, Inc., TRUMPF GmbH + Co. KG, Santec Corporation, Vertilite Co., Ltd., and TT electronics PLC.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Wavelength
- Near Infrared (NIR)
- Shortwave Infrared (SWIR)
- Red
By Application
- Sensing
- Data Communication
- Industrial Heating & Laser Printing
- Others
By Data Rate
- 10.1 to 25 Gbps
- Up to 10 Gbps
- Above 25 Gbps
By Material
- Gallium Arsenide (GaAs)
- Indium Phosphide (InP) & Others
- Global VCSEL Market, by Industry
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- II-VI, Incorporated
- Lumentum Holdings, Inc.
- ams-OSRAM AG
- Broadcom, Inc.
- Leonardo SpA
- MKS Instruments, Inc.
- TRUMPF GmbH + Co. KG
- Santec Corporation
- Vertilite Co., Ltd.
- TT electronics PLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America VCSEL Market, by Type
1.4.2 North America VCSEL Market, by Wavelength
1.4.3 North America VCSEL Market, by Application
1.4.4 North America VCSEL Market, by Data Rate
1.4.5 North America VCSEL Market, by Material
1.4.6 North America VCSEL Market, by Industry
1.4.7 North America VCSEL Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2023, Jan) Leading Players
Chapter 4. North America VCSEL Market by Type
4.1 North America Multimode Market by Country
4.2 North America Single mode Market by Country
Chapter 5. North America VCSEL Market by Wavelength
5.1 North America Near Infrared (NIR) Market by Country
5.2 North America Shortwave Infrared (SWIR) Market by Country
5.3 North America Red Market by Country
Chapter 6. North America VCSEL Market by Application
6.1 North America Sensing Market by Country
6.2 North America Data Communication Market by Country
6.3 North America Industrial Heating & Laser Printing Market by Country
6.4 North America Others Market by Country
Chapter 7. North America VCSEL Market by Data Rate
7.1 North America 10.1 to 25 Gbps Market by Country
7.2 North America Up to 10 Gbps Market by Country
7.3 North America Above25 Gbps Market by Country
Chapter 8. North America VCSEL Market by Material
8.1 North America Gallium Arsenide (GaAs) Market by Country
8.2 North America Indium Phosphide (InP) & Others Market by Country
Chapter 9. North America VCSEL Market by Industry
9.1 North America Consumer Electronics Market by Country
9.2 North America Data Center Market by Country
9.3 North America Commercial & Industrial Market by Country
9.4 North America Automotive Market by Country
9.5 North America Healthcare Market by Country
9.6 North America Military Market by Country
Chapter 10. North America VCSEL Market by Country
10.1 US VCSEL Market
10.1.1 US VCSEL Market by Type
10.1.2 US VCSEL Market by Wavelength
10.1.3 US VCSEL Market by Application
10.1.4 US VCSEL Market by Data Rate
10.1.5 US VCSEL Market by Material
10.1.6 US VCSEL Market by Industry
10.2 Canada VCSEL Market
10.2.1 Canada VCSEL Market by Type
10.2.2 Canada VCSEL Market by Wavelength
10.2.3 Canada VCSEL Market by Application
10.2.4 Canada VCSEL Market by Data Rate
10.2.5 Canada VCSEL Market by Material
10.2.6 Canada VCSEL Market by Industry
10.3 Mexico VCSEL Market
10.3.1 Mexico VCSEL Market by Type
10.3.2 Mexico VCSEL Market by Wavelength
10.3.3 Mexico VCSEL Market by Application
10.3.4 Mexico VCSEL Market by Data Rate
10.3.5 Mexico VCSEL Market by Material
10.3.6 Mexico VCSEL Market by Industry
10.4 Rest of North America VCSEL Market
10.4.1 Rest of North America VCSEL Market by Type
10.4.2 Rest of North America VCSEL Market by Wavelength
10.4.3 Rest of North America VCSEL Market by Application
10.4.4 Rest of North America VCSEL Market by Data Rate
10.4.5 Rest of North America VCSEL Market by Material
10.4.6 Rest of North America VCSEL Market by Industry
Chapter 11. Company Profiles
11.1 Broadcom, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 TRUMPF SE + Co. KG
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Product Launches and Product Expansions:
11.2.5.3 Acquisition and Mergers:
11.3 Lumentum Holdings, Inc.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Product Launches and Product Expansions:
11.3.5.3 Acquisition and Mergers:
11.4 ams-OSRAM AG
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Product Launches and Product Expansions:
11.4.5.3 Acquisition and Mergers:
11.5 II-VI, Incorporated
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.6 MKS Instruments, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments:
11.6.5.1 Acquisition and Mergers:
11.7 Leonardo SpA
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.8 TT Electronics PLC
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Regional & Segmental Analysis
11.8.4 Research & Development Expenses
11.9 Santec Corporation
11.9.1 Company Overview
11.9.2 Financial Analysis
11.10. Vertilite Co., Ltd.
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America VCSEL Market, 2018 - 2021, USD Million
TABLE 2 North America VCSEL Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– VCSEL Market
TABLE 4 Product Launches And Product Expansions– VCSEL Market
TABLE 5 Acquisition and Mergers– VCSEL Market
TABLE 6 North America VCSEL Market by Type, 2018 - 2021, USD Million
TABLE 7 North America VCSEL Market by Type, 2022 - 2028, USD Million
TABLE 8 North America Multimode Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Multimode Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Single mode Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Single mode Market by Country, 2022 - 2028, USD Million
TABLE 12 North America VCSEL Market by Wavelength, 2018 - 2021, USD Million
TABLE 13 North America VCSEL Market by Wavelength, 2022 - 2028, USD Million
TABLE 14 North America Near Infrared (NIR) Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Near Infrared (NIR) Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Shortwave Infrared (SWIR) Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Shortwave Infrared (SWIR) Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Red Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Red Market by Country, 2022 - 2028, USD Million
TABLE 20 North America VCSEL Market by Application, 2018 - 2021, USD Million
TABLE 21 North America VCSEL Market by Application, 2022 - 2028, USD Million
TABLE 22 North America Sensing Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Sensing Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Data Communication Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Data Communication Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Industrial Heating & Laser Printing Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Industrial Heating & Laser Printing Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 30 North America VCSEL Market by Data Rate, 2018 - 2021, USD Million
TABLE 31 North America VCSEL Market by Data Rate, 2022 - 2028, USD Million
TABLE 32 North America 10.1 to 25 Gbps Market by Country, 2018 - 2021, USD Million
TABLE 33 North America 10.1 to 25 Gbps Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Up to 10 Gbps Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Up to 10 Gbps Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Above 25 Gbps Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Above 25 Gbps Market by Country, 2022 - 2028, USD Million
TABLE 38 North America VCSEL Market by Material, 2018 - 2021, USD Million
TABLE 39 North America VCSEL Market by Material, 2022 - 2028, USD Million
TABLE 40 North America Gallium Arsenide (GaAs) Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Gallium Arsenide (GaAs) Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Indium Phosphide (InP) & Others Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Indium Phosphide (InP) & Others Market by Country, 2022 - 2028, USD Million
TABLE 44 North America VCSEL Market by Industry, 2018 - 2021, USD Million
TABLE 45 North America VCSEL Market by Industry, 2022 - 2028, USD Million
TABLE 46 North America Consumer Electronics Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Consumer Electronics Market by Country, 2022 - 2028, USD Million
TABLE 48 North America Data Center Market by Country, 2018 - 2021, USD Million
TABLE 49 North America Data Center Market by Country, 2022 - 2028, USD Million
TABLE 50 North America Commercial & Industrial Market by Country, 2018 - 2021, USD Million
TABLE 51 North America Commercial & Industrial Market by Country, 2022 - 2028, USD Million
TABLE 52 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 53 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 54 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 55 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 56 North America Military Market by Country, 2018 - 2021, USD Million
TABLE 57 North America Military Market by Country, 2022 - 2028, USD Million
TABLE 58 North America VCSEL Market by Country, 2018 - 2021, USD Million
TABLE 59 North America VCSEL Market by Country, 2022 - 2028, USD Million
TABLE 60 US VCSEL Market, 2018 - 2021, USD Million
TABLE 61 US VCSEL Market, 2022 - 2028, USD Million
TABLE 62 US VCSEL Market by Type, 2018 - 2021, USD Million
TABLE 63 US VCSEL Market by Type, 2022 - 2028, USD Million
TABLE 64 US VCSEL Market by Wavelength, 2018 - 2021, USD Million
TABLE 65 US VCSEL Market by Wavelength, 2022 - 2028, USD Million
TABLE 66 US VCSEL Market by Application, 2018 - 2021, USD Million
TABLE 67 US VCSEL Market by Application, 2022 - 2028, USD Million
TABLE 68 US VCSEL Market by Data Rate, 2018 - 2021, USD Million
TABLE 69 US VCSEL Market by Data Rate, 2022 - 2028, USD Million
TABLE 70 US VCSEL Market by Material, 2018 - 2021, USD Million
TABLE 71 US VCSEL Market by Material, 2022 - 2028, USD Million
TABLE 72 US VCSEL Market by Industry, 2018 - 2021, USD Million
TABLE 73 US VCSEL Market by Industry, 2022 - 2028, USD Million
TABLE 74 Canada VCSEL Market, 2018 - 2021, USD Million
TABLE 75 Canada VCSEL Market, 2022 - 2028, USD Million
TABLE 76 Canada VCSEL Market by Type, 2018 - 2021, USD Million
TABLE 77 Canada VCSEL Market by Type, 2022 - 2028, USD Million
TABLE 78 Canada VCSEL Market by Wavelength, 2018 - 2021, USD Million
TABLE 79 Canada VCSEL Market by Wavelength, 2022 - 2028, USD Million
TABLE 80 Canada VCSEL Market by Application, 2018 - 2021, USD Million
TABLE 81 Canada VCSEL Market by Application, 2022 - 2028, USD Million
TABLE 82 Canada VCSEL Market by Data Rate, 2018 - 2021, USD Million
TABLE 83 Canada VCSEL Market by Data Rate, 2022 - 2028, USD Million
TABLE 84 Canada VCSEL Market by Material, 2018 - 2021, USD Million
TABLE 85 Canada VCSEL Market by Material, 2022 - 2028, USD Million
TABLE 86 Canada VCSEL Market by Industry, 2018 - 2021, USD Million
TABLE 87 Canada VCSEL Market by Industry, 2022 - 2028, USD Million
TABLE 88 Mexico VCSEL Market, 2018 - 2021, USD Million
TABLE 89 Mexico VCSEL Market, 2022 - 2028, USD Million
TABLE 90 Mexico VCSEL Market by Type, 2018 - 2021, USD Million
TABLE 91 Mexico VCSEL Market by Type, 2022 - 2028, USD Million
TABLE 92 Mexico VCSEL Market by Wavelength, 2018 - 2021, USD Million
TABLE 93 Mexico VCSEL Market by Wavelength, 2022 - 2028, USD Million
TABLE 94 Mexico VCSEL Market by Application, 2018 - 2021, USD Million
TABLE 95 Mexico VCSEL Market by Application, 2022 - 2028, USD Million
TABLE 96 Mexico VCSEL Market by Data Rate, 2018 - 2021, USD Million
TABLE 97 Mexico VCSEL Market by Data Rate, 2022 - 2028, USD Million
TABLE 98 Mexico VCSEL Market by Material, 2018 - 2021, USD Million
TABLE 99 Mexico VCSEL Market by Material, 2022 - 2028, USD Million
TABLE 100 Mexico VCSEL Market by Industry, 2018 - 2021, USD Million
TABLE 101 Mexico VCSEL Market by Industry, 2022 - 2028, USD Million
TABLE 102 Rest of North America VCSEL Market, 2018 - 2021, USD Million
TABLE 103 Rest of North America VCSEL Market, 2022 - 2028, USD Million
TABLE 104 Rest of North America VCSEL Market by Type, 2018 - 2021, USD Million
TABLE 105 Rest of North America VCSEL Market by Type, 2022 - 2028, USD Million
TABLE 106 Rest of North America VCSEL Market by Wavelength, 2018 - 2021, USD Million
TABLE 107 Rest of North America VCSEL Market by Wavelength, 2022 - 2028, USD Million
TABLE 108 Rest of North America VCSEL Market by Application, 2018 - 2021, USD Million
TABLE 109 Rest of North America VCSEL Market by Application, 2022 - 2028, USD Million
TABLE 110 Rest of North America VCSEL Market by Data Rate, 2018 - 2021, USD Million
TABLE 111 Rest of North America VCSEL Market by Data Rate, 2022 - 2028, USD Million
TABLE 112 Rest of North America VCSEL Market by Material, 2018 - 2021, USD Million
TABLE 113 Rest of North America VCSEL Market by Material, 2022 - 2028, USD Million
TABLE 114 Rest of North America VCSEL Market by Industry, 2018 - 2021, USD Million
TABLE 115 Rest of North America VCSEL Market by Industry, 2022 - 2028, USD Million
TABLE 116 Key Information – Broadcom, Inc.
TABLE 117 Key Information – TRUMPF SE + Co. KG
TABLE 118 Key Information – Lumentum Holdings, Inc.
TABLE 119 Key Information – ams-OSRAM AG
TABLE 120 key information – II-VI, Incorporated
TABLE 121 Key Information – MKS Instruments, Inc.
TABLE 122 Key information – Leonardo SpA
TABLE 123 Key Information – TT Electronics PLC
TABLE 124 Key Information – Santec Corporation
TABLE 125 Key Information – Vertilite Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2023, Jan) Leading Players
FIG 5 SWOT Analysis: Broadcom, Inc.
FIG 6 Recent strategies and developments: TRUMPF SE + Co. KG
FIG 7 Recent strategies and developments: Lumentum Holdings, Inc.
FIG 8 Recent strategies and developments: ams-OSRAM AG