VCSEL Market worth $2.9 billion by 2028 - Exclusive Report by MarketsandMarkets™
CHICAGO, Feb. 7, 2023 /PRNewswire/ -- The global VCSEL market size is expected to grow from USD 1.6 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 13.1% during the forecasted period according to a new report by MarketsandMarkets™.
- CHICAGO, Feb. 7, 2023 /PRNewswire/ -- The global VCSEL market size is expected to grow from USD 1.6 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 13.1% during the forecasted period according to a new report by MarketsandMarkets™.
- The major drivers for this market include increase in applications of VCSELs in data communication and the growing adoption of 3D sensing applications in smartphones.
- These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Rest of the World.
- VCSEL technology is still evolving; hence, it is creating several opportunities in the market.