WEB VCSEL Market Outlook 2024-2029 Analysis of the $19 Billion Market Dynamics Pricing Technologies, Patents, Trade and.
Global VCSEL Market Forecast to 2029
The global VCSEL market is projected to grow from USD 13 billion in 2024 and is estimated to reach USD 19 billion by 2029. The market is driven by the increasing demand for VCSELs in various applications, including optical communications, sensing, and automotive.
Market Drivers
The growth of the VCSEL market is driven by the increasing demand for VCSELs in various applications, including:
- Optical communications: VCSELs are used in optical communications applications, such as data center interconnects and 5G networks.
- Sensing: VCSELs are used in sensing applications, such as facial recognition and gesture recognition.
- Automotive: VCSELs are used in automotive applications, such as lidar and adaptive cruise control.
Comments