Camera Modules Market

Report Scope & Overview:

Camera Modules Market Size was valued at USD 42.03 billion in 2022 and is expected to reach USD 96.16 billion by 2030, growing at a CAGR of 10.9% over the forecast period 2023-2030.

Camera modules are electronic devices, which convert optical signals into digital electronic signals with the help of an image sensor and display images captured on a display device. In other words, it is a component that provides a video recording function, touch recognition, and digital image processing functionality. Camera modules are commonly used in packaging.

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MARKET DYNAMICS:

KEY DRIVERS:

• End-user demand for consumer electronics is increasing.

• The advancement of digital technology has resulted in tremendous innovations in the automotive industry.

• Concerns about public safety and security are driving the use of surveillance cameras.

RESTRAINTS:

• Device miniaturization causes design complexities.

OPPORTUNITIES:

• Expanding AR and VR device applications.

• Increasing Image sensor advancements and innovations.

CHALLENGES:

• supply chain disruptions caused by the epidemic.

IMPACT OF COVID-19:

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.

The outbreak and spread of COVID-19 had a negative impact on the camera module market by 2020, leading to a decline in demand for camera modules. This has led to a decline in revenue. As a result, there has been a decline in market growth in the first half of 2020. This trend continued until the first quarter of 2021. Demand for camera modules is expected to grow with increasing production volume. of consumer electronics in the second or third half of 2021.

Based on Type, the camera modules market is segmented into autofocus and fixed focus. The fixed focus market segment of the camera module is expected to record the highest CAGR during the forecast due to previous camera styles on smartphones demonstrating the use of highly focused camera modules; as it was the least expensive and did not require the use of electrical appliances, moving parts and electricity. The automotive and safety and surveillance sectors are expected to adopt fixed-focused camera modules. The adoption may continue with the use of night vision and medical microscopes.

Based on Component, the camera modules market is segmented into Image Sensors, Voice Coil Motors, Lens Module, and Others. The market for the image sensor segment is expected to grow at a very high CAGR at the time of forecasting. Key factors that contribute to the growth of the image sensor component of the image are the growing demand for small HD cameras and smartphones, advances in digital technology, coupled with growing concerns about safety and surveillance among consumers Key players in the camera module market also embrace organic growth. strategies to strengthen the product portfolio of their camera modules.

Based on Interface, the camera modules market is segmented into Camera Parallel Interface and Camera Serial Interface. Camera modules with serial connections are expected to grow at a very high CAGR during the forecast period. For mobile applications, the application processor uses a camera serial interface (CSI) to provide low-power and inexpensive visual connections to the cameras. It's few advantages are widespread in terms of its ease of use and the ability to support a wide range of highly efficient applications, including 1080p, 4K, 8K, and above video, as well as high-resolution images.

Based on Pixels, the camera modules market is segmented into up to 7 MP, 8 to 13 MP, and >13 MP. The above 13 MP is expected to grow in the highest CAGR at the time of the forecast. End-user demand for higher image quality is driving the market growth of camera modules for high-megapixel cameras. In addition, the growing growth in high-resolution camera modules, especially in machine vision systems driven by improved technology and lower prices for these camera components and modules has encouraged market growth.

Based on Application, the camera modules market is segmented into Consumer Electronics, Healthcare, Security and Surveillance, Automotive, Industrial, and Aerospace & Defense. The consumer electronics industry is holding the largest market for camera modules and the same trend is likely to be seen during the forecast period. An important factor contributing to the growth of this category is the increase in safety concerns among automotive manufacturers. The adoption of camera modules in advanced driver assistance systems (ADAS) with the growing trend of autonomous vehicles provides opportunities for market growth.

MARKET SEGMENTS:

BY Focus type

• Auto Focus

• Fixed Focus

BY COMPONENT

• Image Sensors

• Voice Coil Motors

• Lens Module

• Others

BY INTERFACE

• Camera Parallel Interface

• Camera Serial Interface

BY PIXELS

• Up to 7 MP

• 8 to 13 MP

• >13 MP

BY APPLICATION

• Consumer Electronics

• Healthcare

• Security and Surveillance

• Automotive

• Industrial

• Aerospace & Defense

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REGIONAL ANALYSIS:

The APAC camera module market grabbed the largest share and by 2030, it is expected to grow at the highest CAGR at the time of forecasting. The market is driven by the development of camera modules by various APAC-based companies such as LG Innotek, OFILM Group Co., Ltd., Sunny Optical Technology (Group) Co., Ltd., and Hon Hai Precision. The growing number of people and the rising penetration of smartphones in APAC countries are expected to boost the camera module market soon. The governments of several countries in the region are taking steps to protect the automotive vehicles that are creating demand for camera modules in the automotive sector.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

COMPETITIVE LANDSCAPE:

The key players in the camera modules are OFILM Group, Sunny Optical Technology, Samsung Electro-Mechanics, Q Technology, LG Innotek, Hon Hai Precision, Luxvision Innovation Limited, AMS AG, MCNEX Co, Cammsys Corp, Chicony Electronics, Truly International Holdings, Primax Electronics & Other Players