• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Data Centers and Consumer Electronics to Drive $3.3 Billion VCSEL Market

July 8, 2021

MarketsandMarkets is expecting to see steady growth in the VCSEL market in the next few years. The demand for VCSEL technology will climb from $1.4 billion in 2021 to $3.3 billion by 2026, which corresponds to a CAGR of 18.8 percent for the forecast period.

Data Centers and Consumer Electronics to Drive $3.3 Billion VCSEL Market

The firm attributed much of that growth to the rising need for VCSEL sensors in the consumer electronics market. 3D sensors are used for facial recognition in smartphones, and have become increasingly ubiquitous since Apple pioneered the concept with the iPhone X in 2017. Major manufacturers like Samsung and Xiaomi have since followed suit, and released smartphones with 3D sensing capabilities.

The technology has also gained traction in healthcare and in data centers. In the latter instance, VCSEL tech is used in optical transceivers that improve data transmission rates.

According to MarketsandMarkets, those other applications have helped drive the VCSEL market for much of the past year. While the demand for consumer electronics decreased during the pandemic, the COVID-19 health crisis created a greater need for high-end medical equipment. In the meantime, tech giants like Google and Microsoft have been investing more money in data centers all over the world.

The multimode VCSEL segment will make up the largest portion of the VCSEL market due to the performance of multimode solutions in data centers. However, GaAs material will be the most popular material amongst VCSEL manufacturers. The materials are more efficient and more affordable, which makes it easier to integrate them into consumer devices. The consumer market segment will hold the lion’s share of the market despite the impact of COVID-19.

North America will be the region with the biggest VCSEL market. MarketsandMarkets credited that to the presence of many leading VCSEL developers. The full list includes II-VI, Broadcom, and Lumentum, the latter of which currently holds roughly 50 percent of the total VCSEL market. The MarketsandMarkets numbers are comparable to those of Meticulous research, which predicted that the VCSEL market would hit $3.73 billion by 2027.

Filed Under: Industry News Tagged With: Biometric, biometrics, data centers, face biometrics, facial recognition, industry forecasts, industry trends, MarkestandMarkets, market forecasts, market reports, VCSEL, VCSEL technology

Related News & Articles

IntelliTrust Authentication Now Available On Microsoft Azure Active Directory Platform

First Details Revealed for GSMA’s MWC Barcelona 2020

Goodix Places Heart Rate, Oxygen Monitor in New Smartwatch

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Thai Authorities Approve Mobile ID for Airport Boarding
  • New Yoti Solution Ties Biometrics to e-Signatures
  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld