TRUMPF to acquire Active Fiber Systems GmbH (AFS) to develop and manufacture ultra-short pulse laser systems and fiber-laser systems.
Mercedes-Benz, and NVIDIA, to form a cooperation to create in-vehicle computing system and AI computing for the next-generation Mercedes-Benz vehicles, enabling them with upgradable automated driving functions, starting in 2024.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 3956
Published Date: May 26, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are the growing adoption of smartphones, rising demand for autonomous vehicles, and a surge in the application of VCSEL in biomedical.
The market size of vertical-cavity surface-emitting lasers (VCSEL) is anticipated to attain a CAGR of ~21% over the forecast period, i.e., 2023-2035.
Stringent manufacturing process, restriction on range of data transmission, and low adoption of INP-based VCSEL are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Lumentum Operations LLC, Vixar Inc., Hamamatsu Photonics K.K., TRUMPF, and more.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, material, application, and by region.
The multi-mode VCSEL segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.