The global Camera Module Market is estimated to be valued at US$ 89,269.40 Mn or in 2023 and is expected to exhibit a CAGR of 15.%
The global Camera Module Market is estimated to be valued at US$ 89,269.40 Mn or in 2023 and is expected to exhibit a CAGR of 15.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview
Camera modules are used in smartphones, tablets, laptops, and other consumer electronic devices to enable photographing and video recording capabilities. They offer advantages like compact size, low power consumption, and high-quality imaging. Growing demand for advanced imaging features in mobile devices drives the need for innovative camera modules.
Market key trends
One of the key trends in the camera module market is the integration of multiple rear cameras in mobile devices. Leading smartphone manufacturers are introducing devices equipped with dual, triple or even quad rear cameras to offer advanced features like optical zoom, portrait mode, wide-angle shots etc. For instance, Huawei P30 Pro features a quad rear camera setup including a 40MP primary sensor, 20MP ultra-wide sensor, an 8MP telephoto lens with 5x optical zoom and a Time of Flight (TOF) camera. The additional cameras allow capturing high-quality images with different focal lengths and depths of field.
Segment Analysis
The global camera module market is segmented by product type into CMOS camera module and CCD camera module. Among these, the CMOS camera module segment dominated the market in 2021 and accounted for around 90% share. CMOS camera modules offer superior image quality, high sensitivity, low power consumption and are compact in size. Advantages of CMOS technology such as integration of image sensor and signal processing chips on a single die make it a preferred choice for various applications including smartphones, security cameras, automotive cameras and surveillance cameras.
Key Takeaways
The global Camera Module Market Trends is expected to witness high growth, exhibiting CAGR of 15% over the forecast period, due to increasing adoption of camera modules in consumer electronics and automotive applications.
Regional analysis
Asia Pacific dominated the global camera module market in 2021 and is expected to continue its dominance over the forecast period. Countries like China, South Korea, Japan and Taiwan are major manufacturing hubs for consumer electronics and automobiles. Presence of leading camera module manufacturers and strong demand from emerging applications are factors contributing to the large share of Asia Pacific in the global market.
Key players
Key players operating in the camera module market are Sunny Optical Technology Group Co. Ltd., Foxconn Technology Co. Ltd., STMicroelectronics N.V., OmniVision Technologies Inc., Chicony Electronics Co. Ltd., Sharp Corporation, LG Innotek Company Ltd, Partron Co. Ltd., Lite-On Technology Corp., LuxVisions Innovation, and Samsung Electro-Mechanics Co. Ltd.
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