Vertical Cavity Surface Emitting Lasers Market Trends

Growth Drivers

• Growing Adoption of Smartphones- With about 5 billion smartphone users globally as of 2023, approximately 85% of the world's population is expected to be smartphone owners. Hence, with this the market size is slated to grow. Almost all smartphones launched recently consist of 3D sensing. 3D sensing implementation in smartphones heavily relies on VCSELs. With the floodlight, and proximity sensor, VCSEL laser components enable 3D camera sensing.

• Rising Demand for Autonomous Vehicles- There are anticipated to be about 53 million autonomous vehicles in 2024, globally. With the growing demand for autonomous vehicles, the installment of VCSEL is also predicted to grow. This laser is being tested and used in driverless or autonomous vehicles. Regarding power density, conversion efficiency, and pitch, the market for smart cars believes VCSEL arrays to be the best available. In addition, distinguishable in scan and flash applications, VCSELs are less prone to single-emitter failures.

• Surge in Application of VCSEL in Biomedical- VCSELs are employed for integrated and label-free sensing of numerous biomolecules in the biomedical field. These sensors have also been utilized in lab-on-a-chip settings to examine fluorescent compounds and to analyze real-time biomolecules.

Challenges

• Stringent Manufacturing Process

• Restriction on Range of Data Transmission

• Low Adoption of INP-Based VCSEL - Due to its low dispersion and minimal fiber loss, InP-based VCSELS are frequently chosen for applications including optical communication. However, due of their high reflectivity and shallow penetration, InP-based VSCELS are unable to produce large DBR mirrors. The confinement factor and tuning range are constrained by the effective cavity length.