Smartphone features to fuel VCSEL growth, says Yole

June 26, 2019 //By Julien Happich
The global VCSEL market should surpass US$3.7 billion by 2024, growing at a 31% CAGR between 2018 and 2024, according to Yole Développement’s latest estimates.

The consumer market segment largely contributes to these impressive figure with a market value to reach US$3.4 billion by 2024. Behind the smartphone applications, the automotive sector with emerging 3D sensing functionalities is also playing a key role, notes the market research firm, announcing a 185% CAGR between 2018 and 2024.

Today, up to three VCSEL dies can be integrated in a smartphone,” comments Sylvain Hallereau, Project Manager from System Plus Consulting, part of the Yole Group.

Edge Emitting Lasers (EEL) revenue forecast by market
segment 2018 vs. 2024.

3D recognition with the flood illuminator, the dot projector and the proximity sensor, all are based on VCSEL laser components. Already integrated in flagship smartphones, these functions will quickly find a home in all smartphones, causing a sharp increase in VCSEL demand.”

Yole and System Plus Consulting have released two relevant reports focused on VCSEL technologies and its applications: VCSELs – Market and Technology Trends and VCSEL in Smartphone – Comparison, performed respectively by Yole and System Plus Consulting. This time again, both companies combined their market and technical expertise and revealed their vision of the VCSEL industry, technology status, players’ positioning and strategy of each of them, highlighting the direct link between each VCSEL type and its applications.

"In 2017, the total VCSEL cost per smartphone was estimated at US$4 – US$5. In 2018, this dropped to US$2 – US$3, evidence of a strong price decrease,” asserts Pars Mukish, Business Unit Manager at Yole. “There are several explanations for this: higher volumes leading to a lower cost; more VCSEL manufacturers qualified by smartphone manufacturers, leading to lower margins; and higher manufacturing yields leading to increased “good” VCSELs per wafer. In the future, a smartphone should embed VCSELs for proximity sensing and front and rear 3D sensing, with a total VCSEL cost around $2.”

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