Silicon (Si) Lenses Market Growth Accelerated by Rise in Use of Si Lenses in Consumer Electronics


Silicon (Si) lenses are optical components that find widespread application in imaging and lighting systems of consumer electronics. Si lenses offer advantages such as compact size, weight reduction, high resolution and durability over conventional lenses. There is growing demand for advanced camera modules and displays with enhanced pixel density in mobile phones, tablets, wearables and home appliances. The global Silicon (Si) Lenses Market is estimated to be valued at US$ 215.2 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
The increased adoption of Si lenses in camera modules and displays of consumer electronics is one of the major trends driving the growth of the global Si lenses market. Manufacturers are increasingly developing thinner and sharper displays with higher pixel densities for enhanced viewing experience. This is boosting the demand for high resolution Si camera lenses and display lenses that facilitate capturing of more pixels and supporting display of more pixels per inch. Moreover, the demand for augmented reality/virtual reality (AR/VR) headsets and devices is rising rapidly, owing to burgeoning gaming and entertainment industries. AR/VR devices require advanced lightweight Si lenses for crystal clear imagery. This is expected to offer new growth opportunities for players in the Si lenses market during the forecast period.

Segment Analysis
The global silicon (Si) lenses market can be segmented based on product type, application, and region. In terms of product type, the micro-lenses segment dominates the market as it is used commonly in smartphones and cameras to capture images. Micro-lenses are used to focus light accurately on smaller image sensors and maximize light transmission.

Key Takeaways

The global silicon (Si) lenses market is expected to witness high growth during the forecast period of 2023 to 2030. 

Regional analysis: The Asia Pacific region is expected to witness the highest growth in the silicon (Si) lenses market during the forecast period. Expanding consumer electronics and semiconductor industries in major countries like China, Japan, South Korea, and India are driving the demand for silicon lenses in this region.

Key players operating in the silicon (Si) lenses market are Edmund Optics, Thorlabs, ISP Optics Corporation, Opto Engineering, and Innolight. Edmund Optics is a leading manufacturer and supplier of optics and optical parts for research, imaging and OEM applications with its headquarters in New Jersey, United States. Thorlabs specializes in components for photonics and precision optics with its headquarters in New Jersey, United States.

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