The VCSELs Market is expected to grow at a CAGR of 26.5% from 2022 to 2029 to reach USD $5.76 billion by 2029 from an estimated USD 1,110.2 million in 2022.
The growth of this market is mainly driven by the increasing utilization of VCSELs in 3D sensing applications and the rising adoption of VCSEL arrays among data centers. However, VCSELs’ lack of long-distance transmission capabilities is expected to restrain the growth of this market. The growing application of VCSELs in vehicle automation and the increasing use of VCSELs in 5G technology are expected to create growth opportunities for the players operating in the VCSELs market. Additionally, scalability issues are expected to remain a major challenge for market growth.
Here are the top 10 companies operating in VCSELs market
Lumentum Holdings Inc.
Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products for optical networking and commercial laser clients globally. The company operates through two reportable business segments, OpComms, and Lasers. The OpComms business segment caters to the telecom, datacom, consumer, and industrial markets. The company provides multi-Junction VCSEL arrays under its OpComms business segment for consumer and industrial markets. The company’s customers include Alphabet, Apple, Ciena, Cisco Systems, Huawei Technologies, Infinera, Innolight, Nokia Networks, O-Net, and ZTE. The Lasers segment offers products for sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining applications such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. Lasers segment customers include Amada, ASML Holding, Beckman Coulter, DISCO, Electro Scientific Industries, Han’s Laser Technology, KLA-Tencor, Lasertec, Life Technologies, and NR Electric.
The company has a geographical presence in the Americas, Asia-Pacific, and EMEA. The subsidiaries of the company include Oclaro Inc. (U.S.), Lumentum K.K (Japan), and Lumentum Netherlands B.V (Netherlands). As of June 2021, Lumentum Holdings Inc. had approximately 5,618 full-time employees globally. The company has U.S. 950 patents and 865 foreign patents with expiration dates ranging from July 2021 to December 2040. Lumentum has 580 patent applications pending globally.
ams AG
ams AG designs and manufactures high-performance sensor solutions for applications requiring the highest miniaturization, integration, accuracy, sensitivity, and lower power. The company’s products consist of sensor solutions, sensor ICs, interfaces, and related software for mobile, consumer, communications, industrial, medical, and automotive markets.
The company operates through three business segments: Consumer, Non-consumer, and Foundry. The consumer segment offers products and sensors for the mobile, consumer, and communication markets. The Non-consumer segment offers products and sensors for the industrial, medical, and automotive markets. Under the Foundry segment, the company manufactures analog/mixed-signal ICs based on its customers’ designs. Some of the company’s subsidiaries are Osram (Germany), acam-messelectronic gmbh (Austria), and Princeton Optronics, Inc. (Austria). The company has its geographical presence in EMEA, the Americas, Asia-Pacific, and other regions.
TRUMPF GmbH + Co. KG
TRUMPF GmbH + Co. KG provides manufacturing solutions for machine tools, laser technology, and electronics. The company offers sensor solutions, sensor ICs, interfaces, and related software for mobile, consumer, communications, industrial, medical, and automotive markets. The company has production facilities in Europe (Austria, the Czech Republic, France, Germany, Italy, Poland, Switzerland, and the U.K.), the Americas (Mexico and the U.S.), and Asia-Pacific (China).
The company operates through two business segments: Machine Tools and Laser Technology. The company has 76 subsidiaries that operate in Europe, the Americas, and Asia-Pacific. Some of its subsidiaries are TRUMPF Ltd. (Thailand) SPI Lasers (U.S.), XETICS GmbH (Germany), AMPHOS GmbH (Germany), and TRUMPF International Beteiligungs-GmbH (Ditzingen). As of 2021, the company had a headcount of 14,767 employees worldwide.
II-VI Incorporated
II-VI Incorporated develops innovative products for diversified applications in the industrial, optical communications, aerospace & defense, life sciences, semiconductor capital equipment, and consumer markets. The company offers a wide range of application-specific photonic and electronic materials and components, uses them in many forms, and integrates them with advanced software to support customers.
The company operates through two business segments: Photonic Solutions and Compound Semiconductors. The company has several subsidiaries and a strong distribution network in the United States, Hong Kong, Japan, China, Germany, Switzerland, Vietnam, Korea, Singapore, the Philippines, the United Kingdom, Taiwan, Belgium, and Italy. Some of its subsidiaries are Finisar Corporation (U.S.), ANADIGICS INC (U.S.), Innovion Corp (U.S.), II-VI Deutschland GmbH (Germany), and Allied Rising Investment Limited (Hong Kong). As of June 2021, the company had a headcount of 22,961 employees worldwide.
Broadcom Inc.
Broadcom Inc. is a multinational technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure solutions. There has been a change in the company’s reportable segments from November 2020. The company changed its structure, resulting in two reportable segments: Semiconductor Solutions and Infrastructure Software. The company provides its VCSELs solutions under the Semiconductor Solutions segment. The Infrastructure Software segment includes mainframe, BizOps, cybersecurity software solutions, and the FC SAN business. The company makes semiconductor devices and focuses on complex digital and mixed digital metal oxide semiconductor-based devices and analog III-V-based products. The Semiconductor Solutions segment offers electronic components, digital and mixed-signal products, transistors, optoelectronics, and other components for enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, and data center servers, among others. The Infrastructure Software segment offers a cybersecurity solutions portfolio, including endpoint, network, information, and identity security solutions.
Meticulous Research in its latest publication on global VCSEL Market has predicted the growth of 26.5% during the forecast year 2022 to 2029.
The company has its geographical presence in North America, Asia-Pacific, Europe, and the Middle East & Africa. As of November 2021, Broadcom had approximately 20,000 employees globally. The subsidiaries of the company are Broadcom Corporation (U.S.), CA, Inc. (U.S.), Brocade Communications Systems, Inc. (U.S.), and LSI Corporation (U.S.), among others.
IQE plc
IQE plc offers advanced wafer products and wafer services to the semiconductor industry. The company is a gallium nitride (GaN) epitaxial wafers supplier for RF, RF power, and power applications. The company operates through three segments: Wireless, Photonics, and CMOS++. With a strong distribution network, the company has its geographical presence in the Americas, Europe, Middle East & Africa (EMEA), and Asia-Pacific.
Some of its subsidiaries are Wafer Technology Ltd. (U.K.), IQE Silicon Compounds Limited (U.K.), IQE Taiwan Corporation (U.K.), MBE Technology Pte Ltd (Singapore). As of 2020, the company had a headcount of 658 employees and has over 200 granted patents.
Inneos LLC
Inneos LLC specializes in high-quality, high-reliability optics for medical, aerospace & defense, industrial, and automotive applications. The company offers several technologies such as Lasers and CWDM Optics. Inneos merged with Zephyr Photonics in 2017. Zephyr Photonics is a U.S.-based research and development company specializing in highly robust VCSEL lasers and active optical cables (AOC) for military, aeronautical, and space applications. This merger helped Inneos with deep technical expertise in CWDM optics, robust VCSELs, video transmission, and government security and quality certifications.
The OEM partners of Inneos LLC are Broadata Communications, Inc., Foreseeson, FSN Medical Technologies, Hall Research, Lightware Visual Engineering, and OPHIT, among others. Inneos LLC has many distributors and retailers such as Magnolia, Future Ready Solutions, Cleerline Technology, and Frontline Sales and Marketing.
Leonardo S.p.A
Leonardo S.p.A is one of the important organizations in the aerospace, defense, and security space. The company is a global solutions provider and a trusted partner of choice for governments, institutions, and business customers. The company operates through three business segments: Helicopters; Defence, Electronics, and Security; and Aeronautics. VCSELs are offered under the Defence, Electronics, and Security segment, with two subsegments: Airborne and Space Systems.
The company has its geographical presence in the United Kingdom, the rest of Europe, Italy, the U.S., and the rest of the world. Some of its subsidiaries are MBDA (France), Selex ES (Italy), ATR (France), and Leonardo DRS (U.S.). As of 2020, the company had a headcount of 49,882 employees worldwide.
Photonwares Co.
Photonwares manufactures VCSELs under its subsidiary Agiltron Inc. Photonwares is the manufacturer and developer of new material platform-based components and systems. The company provides all-optical switches, variable optical attenuators, high-power optical components, optical polarization & time controls, PbS/PbSe infrared detectors, fiber lasers, novel MEMS devices, carbon fiber nanodevices, and Raman spectrometers. Photonwares offers a variety of fiber pigtailed VCSELs in ready-to-use fiber pigtail coupled packages.
Santec Corporation
Santec Corporation is a global photonics company specializing in micro optics, advanced optical devices, tunable lasers, and optical test & measurement. The company operates its business through its business units: Optical Instruments, Optical Components, Optical Imaging & Sensing, and Medical Devices. The company has its geographical presence across U.S., Europe, and China. The subsidiaries of the company include SANTEC USA CORPORATION (NJ, USA), SANTEC Europe Ltd. (London, U.K.), and SANTEC Shanghai (China). As of 31 March 2021, the company had a headcount of 203 employees.
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