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Global Vertical-Cavity Surface-Emitting Laser (VCSEL) Market to Witness Growth at a CAGR of ~18% During 2022-2031; Market to Grow on Account of the Increasing Adoption and Manufacturing of Autonomous Cars

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New York, July 27, 2022 (GLOBE NEWSWIRE) — Over 3,700 people are killed in traffic accidents daily, killing around 1 million people annually. The eighth most common cause of mortality worldwide is now related to driver negligence. On US roadways, there were a total of 36,000 fatal car accidents in 2019. Accidents involving distracted driving account for 30 to 50 percent of all collisions. With this, the adoption of autonomous vehicles (AVs) is predicted to rise and around 33 million AVs are estimated to hit the road by 2040. This merely suggests that driverless cars are going to become the norm for people.

Research Nester has published a detailed market report on ‘Global Vertical-Cavity Surface-Emitting Laser (VCSEL) Market’ for the forecast period i.e. 2022 – 2031 which includes the ongoing industry innovations and recent trends being adopted by the major industry players to achieve their business targets. Apart from that, the inclusive data on market size, growth rate, market revenue share, growth opportunities and challenges for the market players along with worldwide analysis on five major regions – North America, Latin America, Europe, Asia Pacific and Middle East & Africa has been provided in the report.

By 2025, completely autonomous vehicles are estimated to gain a boost and are predicted to cover 20% of the market share. The global vertical-cavity surface-emitting laser (VCSEL) market is estimated to grow at a CAGR of ~18% over the forecast period. A semiconductor-based laser diode known as a vertical-cavity surface-emitting laser, or VCSEL, generates an optical beam vertically from its top surface. The growth of the market can be attributed to the wider scope of usage of VCSEL, mainly as a sensing device and light detection and ranging tool (LiDAR) in autonomous vehicles. Moreover, the growing adaption and manufacturing of autonomous vehicles and increasing investment in the autonomous vehicle manufacturing across the globe are estimated to drive the market growth over the forecast period. For instance, around USD 600 million is estimated to be invested by leading automobile players in the European region for the production of autonomous vehicles.

Get a sample copy of the report@ https://www.researchnester.com/sample-request-3956

Furthermore, for 3D sensor systems, which include 3D facial identification systems, gesture recognition, augmented reality, virtual reality, robotics, metaverse, and proximity sensors, the VCSE laser is an essential component. Therefore, the boost in the digitalization sector is estimated to drive the growth of the vertical-cavity surface-emitting (VCSEL) market over the forecast period. With the countless technological developments notably 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI), the unceasing increase in internet connectivity around the world has greatly accelerated economic growth in the past two decades. According to the most recent statistics, 4.9 billion people, or nearly 63% of the global population, are expected to be online in 2021. Since 2019, there has been a rise of about 17%, with an estimated 800 million individuals using the internet. Along with other changes to economies around the world, the expansion of the ICT industry has made a substantial contribution to GDP growth, labor productivity, R&D spending, and other areas. Additionally, the ICT sector’s creation of goods and services also boosts economic expansion and development. According to World Data Bank, the global exports of ICT goods (as a percentage of all exports of goods) increased from 11.9% in 2015 to 11.43% in 2020. Hence, the rising technological advancement and growing ICT sectors are estimated to propel the market growth over the forecast period.

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For more information in the analysis of this report, visit: https://www.researchnester.com/reports/vertical-cavity-surface-emitting-laser-vcsel-market/3956

On the basis of geographical analysis, the global vertical-cavity surface-emitting laser (VCSEL) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimated to witness modest growth over the forecast period owing to the rising vehicle sales and production, a sharp increase in the population of consumers, and the implementation of government policies encouraging industrial growth. Furthermore, the growing export of ICT goods in the region is predicted to drive market growth during the forecast period. As per the research report, exports of ICT items across the Asia Pacific region increased exponentially in 2020, with Hong Kong SAR, China, totaled 58%, followed by East Asia & Pacific with 28.5%, China with 27.1%, and Vietnam with 38.8%.

On the other hand, the market in North America region is estimated to hold the largest market share over the forecast period owing to the burgeoning use of ADAS in automobiles and the region’s expanding car production. In 2020, the automotive industry in the USA sold more than 3.4 million vehicles. In addition to this, the rising technological advancements, increasing investment in the research and development field, growing ICT sector, and presence of key market players in the region are some of the factors which are estimated to accelerate market growth over the forecast period.

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The study further incorporates Y-O-Y growth, demand & supply and forecast future opportunity in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

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The global vertical-cavity surface-emitting laser (VCSEL) market is segmented by type into multi-mode VCSEL and single-mode VCSEL. Out of these, the single-mode VCSEL segment is estimated to gain the largest market share over the forecast period owing to the rising popularity of mobile apps and the capacity of single-mode VCSELs for low power consumption, high output, and efficiency, they are employed in mobile industrial applications, wireless laser mice, and mobile phones. It is believed that, the number of mobile apps released around the world in June 2022, was around 90,000 and around 134,0000 new android apps were made available in May 2019. In addition to this, the benefits of VCSEL, mainly improved coupling into the optical fiber without the requirement for beam-shaping objects, have accelerated the use of this technology by numerous sectors. Industries use 1060 nm single-mode VCSELs as a competitive single-mode technology. Therefore, all these distinctive characteristics and wide usage range of single-mode VCSEL are estimated to drive the segment growth over the forecast period.

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Further, the global vertical-cavity surface-emitting laser (VCSEL) market is segmented by application into telecom, consumer electronics, automotive, medical, industrial, aerospace and defense, and others. Out of these, the automotive segment is estimated to hold substantial market share over the forecast period owing to the growing adaption of autonomous vehicles (AVs) across the globe. Moreover, the comparative studies show that more adoption of AVs is expected to increase the societal benefits. As per the data, major societal AV impacts in the form of crash reductions, reduced travel times, fuel efficiency gains, and parking benefits are anticipated to reach around USD 2000 to USD 4000 annually per AV. In addition to this, the rising investment in to AVs by key market players and growing research and development in the field of automobile across the globe are expected to drive the segment growth over the forecast period.

The global vertical-cavity surface-emitting laser (VCSEL) market is also segmented on the basis of material.

Global Vertical-Cavity Surface-Emitting Laser (VCSEL) Market, Segmentation by Material

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  • Gallium Arsenide
  • Gallium Nitride
  • Indium Phosphide
  • Others

Some of the prominent key players and their company profiling mentioned in the global vertical-cavity surface-emitting laser (VCSEL) market research report include Lumentum Operations LLC, Vixar Inc., Hamamatsu Photonics K.K., TRUMPF, II-VI Incorporated, Broadcom Inc., Vertilite Inc., Coherent Inc., Alight Solutions, LLC, Connector Optics LLC, and other key market players. The profiling enfolds growth opportunities, challenges, and market trends prevalent for the growth of the market during the forecast period.

Do You Have Any Query Or Specific Requirement? Ask to Our Expert: https://www.researchnester.com/ask-the-analyst/rep-id-3956

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Artificial Intelligence

Vehere’s AI Network Security at GITEX Global 2024: A Catalyst for Middle East’s Digital Transformation

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DUBAI, UAE, Oct. 7, 2024 /PRNewswire/ — Vehere is set to participate in GITEX Global 2024, the largest and best-rated technology event in the world, from October 14–18, 2024, in Dubai. As a global cybersecurity company aiming to conquer new heights, Vehere will showcase its AI Network Security technology, which acts as a “Second Line of Defense” to protect corporate networks from the most advanced cyberthreats.

Vehere AI Network Security is a unified solution of Network Detection & Response (NDR) and Network Forensics (NF). Vehere NDR detects abnormal system behaviors by leveraging behavioral analytics/AI-ML. It detects and contains post-breach activity such as ransomware, APTs, insider threats, or lateral movements. Vehere NF supports security incident response and investigation of the source of an incident, analyses and reconstructs attack timelines, and provides evidence for legal proceedings.
Vehere AI Network Security stands out as the top choice for enterprise security due to its key differentiators:
Monitoring both East-West & North-South trafficsLossless Packet CaptureBehaviour-based Application DetectionUltraHunt 2 million IOCsRetrospective Breach DetectionFlexible DeploymentAvinash Garg, Vice President – Sales MEA of Vehere, said, “GITEX Global is an event of monumental magnitude where attendees will gain an understanding of Vehere AI Network Security, a technology built for empowering organizations to safeguard their critical assets and maintain business continuity by proactively identifying and neutralizing threats.
Also, the Middle East region is undergoing a significant digital transformation, and Vehere is committed to supporting organizations in this process. As businesses in the Middle East accelerate their digitalization efforts, our technology provides a path to modernization that promotes economic growth, operational efficiency, and security.”
In line with its participation, Vehere will offer live demonstrations, insights into product offerings, and the opportunity to interact with its experts to explore customized solutions.
Catch Vehere at GITEX Global, India Pavilion: H23-C17D, World Trade Center, Dubai. Register with us and get free passes to visit the biggest tech show in the world.
About Vehere:
Vehere is a revolutionary cybersecurity software company specializing in AI Cyber Network Intelligence. For more than a decade, Vehere has been supporting counter-terrorism analysts in Defense and Intelligence communities. Vehere is now trusted by cyber-analysts in Fortune 500 companies, including Telecom, Financial Institutions, and Smart Cities to protect their critical infrastructure against real-time cyberattacks.
Vehere. HUNT BEFORE BREACH™
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Artificial Intelligence

Zinnov estimates Digital and Engineering R&D Spends will surge 1.4X to touch USD 3 Trillion by 2027

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NEW YORK, Oct. 7, 2024 /PRNewswire/ — Global Management Consulting firm, Zinnov, released its industry-leading study on Enterprise Digital Engineering spends today. Zinnov shared that Digital Engineering spends remain strong, even in a potential recessionary period, having now stabilized at USD 1,032 Bn, at a 13% CAGR. Despite macro-economic headwinds such as inflation, geopolitical tensions, recession, and supply chain disruptions, investments in Digital Engineering are on an upswing, spurred by CXOs prioritizing operational efficiency, cost reduction, and the adoption of advanced technologies including AI, analytics platforms, automation tools, and IOT devices.  

Zinnov’s analysis reveals that Enterprise Digital Engineering spends will reach USD 1,654 Bn by 2027, owing to the unrelenting pace of technological innovation. The study, Digital Engineering report 2023, is a benchmark for business leaders across verticals that helps them identify strong partners for rapid and efficient deployment of Digital Engineering-led services initiatives across geographies.
ER&D investments in Europe showed resilience and grew by 9.5% in 2023, the highest since 2020. This increased ER&D spend is primarily driven by sectors such as Aerospace & Defense, Pharmaceuticals, and Industrial. Meanwhile, North America’s ER&D spend slowed due to inflation control measures, geopolitical pressures, and shifting demand patterns, despite traditionally being a leader. This has impacted industry investments, large deals, and talent sourcing. Interestingly, APAC’s ER&D spends exceeded expectations with a ~3% growth rate in late 2023, with China contributing over 10% of the global ER&D spend. Much of this spend from APAC is being channeled towards AI/ML, Robotics, Additive Manufacturing, Automation Tools, 5G, and Smart Manufacturing.
Hi-tech-led verticals continue to be the biggest contributors to the overall Digital Engineering spend at 55%, followed by Services-led verticals and Manufacturing-led verticals. The Software & Internet vertical continues to account for the lion’s share of the overall Digital Engineering spend at USD 424 Bn, fueled by a massive 425% increase in AI investments since 2020. Co-investments, partnerships, and co-innovation are the primary business models that Tech Giants and Hyperscalers are leveraging to optimize their AI investments.
Digital Priorities of Enterprises
Even though the enterprises’ digital priorities are evolving, a few key themes are emerging. Zinnov analyzed the top 2000 enterprise ER&D spenders and identified the following themes that they are channeling investments towards.  
Generative AI: Generative AI is upending industries and economies at breakneck speed by enhancing customer experience, optimizing business operations, improving productivity, and providing personalization. Its applications have expanded beyond content generation, enabling enterprises to automate workflows, enhance efficiencies, and accelerate data-driven decision-making. Automotive and Industrial verticals are early adopters of Generative AI-led efficiencies, while adoption in Healthcare, BFSI, Media & Tech verticals is slow due to stringent regulations. Interestingly, enterprises across verticals are leveraging Generative AI to save costs, that they are reinvesting in core and/or transformational initiatives including infrastructure development, offerings enhancement, customer support, model (LLM/SLM) development and integration, and Generative QA.
Cybersecurity: Cybersecurity remains a top priority across verticals. Financial institutions are investing heavily in AI-powered threat detection and Zero Trust frameworks to combat increasingly sophisticated cyberattacks. In Healthcare, Cybersecurity is vital for protecting sensitive patient data amid rising threats to digital health records and IOT-connected medical devices. Critical infrastructure, including energy and telecommunications, relies on robust Cybersecurity to prevent disruptions and ensure operational continuity. As cyber threats evolve, companies across verticals will continue to strengthen their defenses, integrating advanced solutions to safeguard their systems and data.
Cloud: Hyperscalers continue to dominate the global Cloud landscape, with the demand for Cloud Computing surging across verticals. This rapid growth in the market is driven by the need for scalable, secure, and cost-efficient infrastructure to support AI, Machine Learning, and Data Analytics initiatives. Hyperscalers such as AWS, Azure, and Google Cloud are increasingly playing a pivotal role, not only in providing core Cloud infrastructure, but also in offering advanced Cloud-native services that cater to vertical-specific challenges. Enterprises are leveraging hyperscalers to drive digital transformation initiatives by adopting hybrid and multi-Cloud strategies to optimize performance, ensure scalability, and accelerate innovation. As more industries transition to the Cloud, hyperscalers will remain critical drivers of enterprise modernization and growth.
Sustainability: Sustainability is driving significant investments from enterprises in 2024. Organizations are focusing on green technologies, renewable energy, and eco-friendly business practices to reduce their carbon footprints. In fact, between 2018 and 2023, the proportion of green talent increased by an average of 5.4% annually, while the proportion of job postings that required at least one green skill rose by 9.2% per year. From adopting energy-efficient data centers to integrating circular economy models, sustainability initiatives are increasingly shaping corporate strategies. Enterprises are not only aiming to meet regulatory requirements but also enhancing brand reputation to align with consumer demands for environmentally responsible practices.
Speaking about the study, Sidhant Rastogi, President – Strategy Business at Zinnov, stated, “In today’s hyper-digital world, technology is not just an enabler but has transformed the very fabric of modern life, reshaping every interaction, experience, and expectation. It has redefined the baseline of what good customer experience is. As the global landscape faces unprecedented challenges, the need for businesses to anticipate and innovate ahead of customer needs has never been more critical – all underpinned by technology.”
Rastogi further added, “Digital Engineering is at the forefront of this transformation, with global spends projected to surge to USD 1.65 Trillion in the next 3 years, driven by rapid advancements in AI, Cloud, IOT, and Cybersecurity. This growth is not just a trend; it’s an essential evolution fueled by interconnected ecosystems that bring together diverse expertise from across verticals – Automotive, Aerospace, Healthcare, and Semiconductor. This convergence is unlocking new frontiers in engineering, empowering businesses to not only navigate disruption but to turn it into opportunity.”
Zinnov’s Assessment of ER&D Service Providers
As part of the Digital Engineering study, Zinnov evaluated ~60 Global ER&D Service Providers for its annual Zinnov Zones ER&D and Digital Engineering ratings. The ratings encompass a comprehensive analysis of Service Providers’ capabilities across six horizontals, seven verticals, and three micro-verticals. It also includes a geographic evaluation of high-spending regions like the US and Europe, focusing on key factors such as investments, client success, and delivery capabilities in Engineering services.
Zinnov evaluated the Global ER&D Service Providers across the following areas:
Overall
Overall ER&D ZonesER&D Zones – Small and Medium Service ProvidersHorizontals
Digital EngineeringDigital Engineering – Small and Medium Service ProvidersData & AI EngineeringData & AI Engineering – Small and Medium Service ProvidersExperience EngineeringExperience Engineering – Small and Medium Service ProvidersIndustry 4.0Generative AIOverall Hyperscaler ServicesHyperscaler Services (AWS) – Top 10 SPsHyperscaler Services (Microsoft Azure) – Top 10 SPsHyperscaler Services (Google Cloud) – Top 10 SPsVerticals: Automotive, Aerospace, Consumer Software, Enterprise Software, Industrial, Semiconductor, Telecommunications
Micro-verticals: Software Platform Engineering, Medical Devices, and Electrification
Service Providers evaluated: Accenture, ACL Digital, Accion Labs, Akkodis, Alten, Apexon, Ascendion, AVL, Bertrandt, Birlasoft, Bristlecone, Capgemini Engineering, Caresoft Global, Cigniti, Cognizant, Cyient, Daffodil Software, EDAG, eInfochips, Encora, Expleo Group, FEV, Global Logic, Gopherslab, GS Lab|GAVS, Happiest Minds, HARMAN DTS, HCLTech, Hitachi Digital Services, IAV, Ignitarium, Indium, Infovision, Itransition, KPIT, LTTS, Marlabs, Mphasis, Ness Digital Engineering, Onward Group, Persistent Systems, Sasken, Softdel, Tata Elxsi, Tata Technologies, TCS, Tech Mahindra, TO THE NEW, Trigent, UST Global, VVDN Technologies, Wipro, Xoriant
*Z2000 represents Top 2000 global ER&D spenders across 20+ verticals.
About Zinnov Zones
Zinnov Zones is an annual rating published by Zinnov which assesses Global Service Providers based on their competencies, capabilities, and market success. Since 2009, Zinnov Zones (previously known as GSPR – Global Service Provider Ratings) has become one of the most trusted reports globally, for both enterprises and Service Providers to better understand the vendor ecosystem across multiple domains such as Digital Transformation, ER&D Services, IOT, Intelligent Automation, and Media & Entertainment.
This is the fifteenth consecutive year that Zinnov has assessed Service Providers for their ER&D capabilities. The detailed ratings and contact information of Service Providers are available at: https://zinnovzones.com/ratings/e-r-and-d-and-digital-engineering-services/overall/2024
About Zinnov
Founded in 2002, Zinnov is a global management and strategy consulting firm, with presence in New York, Santa Clara, Houston, Seattle, Bangalore, Gurgaon, Pune, Hyderabad, and Paris. Over the past 22 years, Zinnov has successfully consulted with over 250+ Fortune 500 enterprises to develop actionable insights to help them accelerate their technology journeys to create value – across dimensions of revenue, transformation, and optimization. With core expertise in Digital Engineering Talent, Digital Transformation, Innovation, and Outsourcing Advisory, Zinnov assists clients by:
Enabling global companies to develop and optimize a global engineering talent footprint through center setups and accelerators – in an as-a-service model, as well as optimizing their global portfolios, to achieve higher R&D efficiencies, innovation, and productivity;Advising global PE firms in asset shortlisting and target evaluation, commercial due diligence, and value creation;Growing revenue for companies’ products and services in newer markets through account intelligence, market entry, and market expansion advisory;Helping global companies outline and drive their open innovation programs, design and operate accelerator programs, and enable collaboration with start-ups across specific use cases and predefined outcomes;Structuring and implementing Digital Transformation levers enabled by technologies like AI/ML, Intelligent Automation, Cloud, IOT, etc.With their team of experienced consultants, subject matter experts, and research professionals, Zinnov serves clients from across multiple industry verticals including Enterprise Software, BFSI, Healthcare, Automotive, Retail, and Telecom in the US, Europe, Japan, and India. For more information, visit http://www.zinnov.com.
Media contact Nitika GoelChief Marketing Officer, [email protected]
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IFS strengthens Executive Board with CIO and CHRO appointments

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Helena Nimmo appointed CIO and Debra McCowan appointed CHRO to fuel IFS’s next phase of growth in pioneering and dominating Industrial AI
LONDON, Oct. 7, 2024 /PRNewswire/ — IFS, the leading provider of enterprise cloud and Industrial AI software, has made two senior appointments to its Executive Board. Helena Nimmo joins as global Chief Information Officer (CIO) and Debra McCowan as Chief Human Resources Officer (CHRO).

Nimmo joins from Endava, a US-listed global technology company with over 12,000 employees. As CIO at IFS, Nimmo will engage CIOs and tech leaders at IFS customers to help them with their strategic transformation journeys, as well as driving the effective application of technology within IFS to deliver better products and services to customers. With IFS leading the adoption of Industrial AI across the world, Nimmo will drive the integration of AI across the IFS community, enabling IFS customers to deliver exceptional moments of service to their clients.
McCowan was CHRO at NetApp, Inc., a Fortune 500 global data infrastructure, AI and cloud services company. In this board level role, McCowan was a strategic partner and advisor to the CEO and executive leadership team. As IFS rapidly grows beyond 7,000 employees in over 90 countries, McCowan will build on the HR transformation strategy IFS has already embarked on, to lead a high-performing global team, delivering progressive HR strategies and initiatives to rapidly grow and scale IFS’s footprint.
“I’m delighted that Helena and Debra are joining IFS at such a pivotal point in its growth journey,” said Mark Moffat IFS CEO. “Helena’s leadership has been instrumental in orchestrating company-wide transformations, developing core technology infrastructures, and implementing robust security measures. Debra is a transformational Human Resources executive with years of global leadership experience in the technology sector, making her an excellent fit for this role. I look forward to the new perspectives and ideas they will both bring to IFS and support our global mission to lead the Industrial AI revolution.”
Nimmo started her career at Nokia in Finland and has since held leadership positions in both customer-facing and internal technology functions at organizations including Symbian, Fujitsu and Thomson Reuters.
“I’m delighted to be joining IFS, the world leader in cloud enterprise software and Industrial AI,” said Nimmo, IFS’s CIO. “I am excited to add my expertise to drive digital innovation and deliver exceptional value to our customers. I have a passion for technology and a commitment to excellence and am eager to contribute to IFS’s continued growth and success.”
Prior to NetApp, McCowan was the CHRO at Equinix the world’s leading global data center and interconnection provider. She has held global executive leadership roles at Avago Technologies (now Broadcom Inc.), Hitachi Data Systems (now Hitachi Vantara), and Telstra Corporation.
“Joining IFS at a time of significant growth globally is a tremendous opportunity,” said Debra McGowan, IFS CHRO. “My mission is to continue to build a conducive environment for diverse, strategically aligned high performing teams to connect and thrive in a fast-paced business and in a dynamic workplace. I look forward to this exciting challenge.”
About IFS
IFS is the world’s leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability.
IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.
IFS was founded in 1983 by five university friends who pitched a tent outside our first customer’s site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 90+ countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit ifs.com to learn why.
Contact information:EUROPE / MEA / APJ:Adam GillbeEmail: [email protected] 
NORTH AMERICA / LATAM:Mairi MorganEmail: [email protected] 
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