Vertical Cavity Surface Emitting Lasers Market Analysis

Application (Telecom, Consumer Electronics, Automotive, Medical, Industrial, Aerospace & Defense)

The consumer electronics segment in the vertical cavity surface emitting lasers market is projected to generate the highest revenue by 2037. One important sector for 3D sensing applications is consumer electronics. The primary cutting-edge technology that provides sophisticated illumination sources for optical sensing is VCSEL technology. VCSEL laser arrays are advantageous for camera autofocus and 3D sensor systems in smartphones and tablets.

Type (Multi-mode VCSEL, Single-mode VCSEL)

The multi-mode vertical cavity surface emitting lasers market is poised to have significant growth during the forecast period, due to the huge power densities that these vertical-cavity surface-emitting lasers are capable of with a brief rise time. Thus, their application is becoming more widespread in LiDAR, time-of-flight (TOF), lighting, industrial, and other high-power applications. Also, owing to their small size, multimode VCSELs are perfect for use in highly integrated sensors and are preferable for mobile consumer applications.

Our in-depth analysis of the global market includes the following segments:

Type

Multi-mode VCSEL
Single-mode VCSEL

Material

Gallium Arsenide
Gallium Nitride
Indium Phosphide

Application

Telecom
Consumer Electronics
Automotive
Medical
Industrial
Aerospace & Defense

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of vertical cavity surface emitting lasers is assessed at USD 2.8 billion.

The vertical cavity surface emitting lasers market size was valued at USD 2.11 billion in 2024 and is expected to reach USD 20.47 billion by 2037, expanding at around 19.1% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by growing adoption of smartphones, rising demand for autonomous vehicles, and a surge in the application of VCSEL in biomedical.

Asia Pacific industry is expected to account for largest revenue share by 2037, backed by domination of manufacturing of semiconductors, and smartphones in this region.

The major players in the market are Lumentum Operations LLC, Vixar Inc., Hamamatsu Photonics K.K., TRUMPF, Coherent Corporation, Broadcom Inc., Vertilite Inc., Santec Holdings Corporation, Alight Solutions, LLC, Connector Optics LLC

Vertical Cavity Surface Emitting Lasers Market Analysis