![[Market Report] Global Market for Vertical Cavity Surface Emitting Lasers](https://image.mono.ipros.com/public/product/image/04d/2000954298/IPROS81577859474158722773.jpeg?w=280&h=280)
[Market Report] Global Market for Vertical Cavity Surface Emitting Lasers
The global market for vertical cavity surface-emitting lasers is soaring with record revenue and growth forecasts.
The global vertical-cavity surface-emitting laser (VCSEL) market is witnessing a significant surge in revenue, reaching 1.361 billion USD in 2022. With unprecedented growth forecasts, industry experts predict that this market will achieve an astounding value of 5.59 billion USD by 2031. The anticipated expansion indicates a substantial compound annual growth rate (CAGR) of 17% during the forecast period from 2023 to 2031. VCSEL technology is garnering immense attention due to its versatility and wide-ranging applications across various industrial sectors. From data communication and sensing to automotive LiDAR and facial recognition systems, VCSELs have become essential components of modern technological advancements. For application methods, please check the [PDF download] button or apply directly through the related links.
- Company：Panorama Data Insights Ltd.
- Price：Other
