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 ...