Vertical-cavity surface-emitting lasers, also called surface-emitting vertical-cavity laser diodes and abbreviated VCSEL, are a type of semiconductor laser diode emitting a laser beam perpendicular to the surface—that’s in contrast to conventional wafer-emitting semiconductor lasers.
The VCSEL market is expected to reach USD $3.9bn by 2023, up from $1.8bn this year, at a CAGR of 17% according to a new report from ResearchAndMarkets.
This growth can be attributed to the rising adoption of VCSELs in proximity sensing applications, data communication, infrared illumination, and a surge in demand for VCSELs with advancements in automotive electronics.
VCSELs are also being widely used in applications such as lidar, night vision, atomic clock, GPS, magnetometer, and display applications Presently, this market is in the nascent stage, but it is expected to witness high growth in the coming years owing to the use of VCSELs for high-quality vision and obstacle detection, among others.
