Global Camera Modules Market Size Rise at 10.8% CAGR, to Hit USD 84.05 Billion By 2030

The report “Camera Modules Market Share, Size, Trends, Industry Analysis Report, By Component (Image Sensors, Lens Module, Voice Coil Motors, Other Components); By Focus Type (Fixed Focus, Autofocus); By Application; By Pixels; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global camera modules market size is expected to reach USD 84.05 billion by 2030, according to a new study by Polaris Market Research.

The proliferation of technology and rising demand for smartphones PC devices are likely to drive growth throughout the predicted period. Such an expansion in demand for high-definition smartphones will likely stimulate the industry for sophisticated CMOS and CCD technology-based devices, benefiting camera module producers. Smartphone manufacturers such as Samsung Corporation produce such components for their handsets, minimizing their reliance on third-party manufacturers for components and elements.

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Further, the rising end-user demand for consumer electronics boosts industry growth during the forecast period. Smaller replacement cycles, declining electronic product prices, easy availability via e-commerce websites, and new technology such as smartwatches, AI, 4K televisions, smart homes, 3D printers, autonomous vehicles, drones, and communicative robots stimulate frequent purchases. Camera components are increasingly being used in electronic devices everywhere. Smartphones are progressively incorporating two, three, and even four systems into a single device, allowing access to functions exclusively available through high-end imaging devices.

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Based on the pixels, the 13 MP segment accounted for the leading share in the market, in 2021. The growing demand for enhanced image quality facilitates the growth of the modules market for cameras with higher megapixels. Furthermore, the growing move to high-resolution modules, particularly in machine vision systems, is being pushed by technology improvements. The price drop of these components and modules has aided market expansion.

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Top Market Players

Market players such as include Cammsys Corp., Ams, Chicony Electronics Co. Ltd, Cowell e Holdings Inc, Samsung Electro-Mechanics Co, Ltd, Foxconn Electronics Inc, LG Innotek, Hon Hai Precision Inc. Co., Ltd., Luxvision Innovation Limited, Omni vision Technologies, OFILM Group Co., Partron Co., Ltd, Primax Electronics, and Sharp Corporation are key players operating in the global market. In March 2021, LG Innotek cooperated with Microsoft to assist ecosystem participants in developing new designs and to broaden the diverse applications of 3D sensor modules beyond smartphones. The collaboration wants to build 3D sensing devices based on Microsoft ToF technology, commercialize cloud-connected 3D cameras, and make this easy to construct 3D vision solutions for various industries like fitness, healthcare, transportation, and retail.

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Polaris Market research has segmented the camera modules market report based on component, focus type, application, pixels, and region:

Camera Modules, Component Outlook (Revenue – USD Billion, 2018 – 2030)

  • Image Sensors
    • CMOS Image Sensors
    • CCD Image Sensors
    • Other Image Sensors
  • Lens Module
  • Voice Coil Motors
  • Other Components
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Camera Modules, Focus Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Fixed Focus
  • Autofocus

Camera Modules, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Consumer Electronics
  • Automotive
  • Healthcare
  • Industrial
  • Security and Surveillance
  • Aerospace & Defense
  • Others

Camera Modules, Pixels Outlook (Revenue – USD Billion, 2018 – 2030)

  • Up to 7 MP
  • 8 to 13 MP
  • Above 13 MP
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