Vertical Cavity Surface Emitting Lasers Market Share

APAC Market Statistics

Asia Pacific industry is expected to account for largest revenue share by 2037, backed by the domination of manufacturing of semiconductors, and smartphones in this region. Many of the multinational smartphone businesses are based in this area.

Countries such as India, Vietnam, and Thailand among others, are seeing an increase in the number of smartphone and consumer electronics manufacturers establishing manufacturing units in the region. The region's demand for VCSELs is also rising as a result of organic electronic fabrication in the burgeoning economies there.

North American Market Forecast

The North America vertical-cavity surface emitting lasers market is slated to have significant growth between 2025 and 2037, on account of the rising adoption of IoT.

IoT connections are projected to cross approximately 4 billion by 2025, in North America. Hence, in order to avoid the data traffic, the construction of data centers is growing further, increasing demand for vertical-cavity surface-emitting lasers.