VCSEL is referred as a semiconductor-based laser diode emitting optical beam or light perpendicular from its top surface. VCSELs are critical components in multiple existing and future 3D sensor systems, using both structured light and time-of-flight (ToF) technologies. These sensors also offer superior reliability and surface emission that offer design flexibility, which making them an ideal fit for wide-range applications. Vertical cavity surface emitting lasers (VCSEL) are more precisely laser diodes which is semiconductor lasers with monolithic laser resonator.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the factors such as the large consumer electronics industry, various on-going autonomous vehicle projects in the region, and the high proliferation of data centres in countries such as China, Singapore, India, and many Southeast Asian countries. The increasing importance of VCSELs and the interest of OEMs to adopt these VCSELs in smart devices are expected to drive the growth of the market. China is witnessing a high demand for smartphones, wearable devices, and other connecting devices.

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Some of the key players profiled in the Vertical Cavity Surface Emitting Laser (VCSEL) Market include Alight Technologies, Broadcom Limited, Coherent, Inc., Finisar Corporation, II-VI Incorporated, Inneos, IQE Public Limited Company, Leonardo Electronics, Lumentum Holdings, Inc, Newport Corporation, Panasonic Corporation, Princeton Optronics Inc, Royal Philips Electronics N.V, Santec, Schneider Electric SA, Thorlabs, TriLumina, TRUMPF, VERTILAS, and Vertilite.

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