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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Camera modules are electronic devices, which convert an optical signal into a digital electronic signal through a lens with the help of an image sensor and display captured images on the display device. In other words, it is a component that provides video recording function, gesture recognition, and still image function to a digital image. The camera modules are typically used in packaging.

The global camera module market is estimated to be valued at US$  58,390.9 million in 2021 and is expected to exhibit a CAGR of 15.2 % over the forecast period (2021-2028).

Recent Developments:

In September 2021, Apple Inc., a US based consumer electronics device manufacturing company launched iPhone 13 with new advanced camera module system.

In November 2021, Google Pixel 6a will be launched with Pixel 6-Inspired Camera Module.

In August 2021, Vivo Communication Technology Co. Ltd., a China based smartphone manufacturing company received patent for detachable in-display camera module.

Figure 1. Global Camera Module Market Value (US$ Mn), by Region, 2020

Camera Module  | Coherent Market Insights

Asia Pacific held dominant position in the global camera module market in 2020, accounting for 59.3% share in terms of volume, followed by Europe and North America, respectively.

Market Dynamics- Drivers

Robust growth of smartphone and tablet market is expected to drive growth of the global camera module market during the forecast period. Camera modules are mainly used in electronic devices such as smartphones, tablets, digital cameras, webcams, and surveillance systems. However, smartphone and tablet PCs have witnessed massive demand in the recent past. Since the inception of camera technology, camera modules ranging from 1 megapixel to about 13 megapixels have been developed. High-resolution cameras installed in smartphones play a key role in the sales of smartphones. Currently, the camera is one of the most important features required for selling smartphones and tablet PCs. Consumers inquire about several features before buying a mobile phone or tablet PC, and the camera resolution is one of them.

Constant enhancements in camera resolutions are expected to propel the global camera module market growth over the forecast period. Camera modules are typically used in a large number of imaging devices across various application segments including consumer electronics, industrial, tablet PC, medical sector, and smartphone. The market for camera modules was majorly dominated by 2-megapixel cameras until 2011. There was a sudden shift towards high-resolution cameras and camera modules with resolutions up to 5 megapixels for lower-end mobile phones and 8 megapixels for premium smartphones in 2012. The market is expected to see a further change, with most of the lower end camera phones having 5 megapixels and premium smartphones having 8 and higher megapixels in 2013.

Market Opportunities

Acquisition of new contracts with mobile manufacturers can present major business opportunities. The end users for the market are mobile phone manufacturers, tablet PC manufacturers, manufacturers of surveillance systems, medical device manufacturers, and automotive industries. Among several applications of camera modules, smartphones and tablet PCs holds the majority of the market share. There is intense competition among the players to acquire new contracts for the supply of camera modules, due to the highly fragmented nature of the market.  

Growing application in automotive and defense sector can provide lucrative growth opportunities. Automotive sector is one of the rapidly growing markets for camera modules. The main factor contributing to this growth is the enforcement of government regulations in different regions. Driver safety has been a major concern for the government. Government authorities and car manufacturers have taken proactive initiatives to provide driver safety and reduce incidences of on-road accidents. Premium car manufacturers are launching their cars with rearview camera features. For instance, Audi range cars A6 and A8 that are equipped with rearview cameras for better vision.

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Camera Module Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 20121: US$ 58,390.9 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 15.2% 2028 Value Projection: US$ 157,490.3 Mn
Geographies covered:
  • North America: U.S., Canada
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: Brazil, Argentina, Mexico, GCC Countries, Israel,  South Africa, Rest of the world 
Segments covered:
  • By Product Type: CMOS Camera Module, CCD Camera Module
  • By Application: Smartphone and tablet PC, Automotive, Medical, Defense & Space, Industrial & Security, Consumer electronics
Companies covered:

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.

Growth Drivers:
  • Robust growth of smartphone and tablet market
  • Constant enhancements in camera resolutions
Restraints & Challenges:
  • Capacity limitations of camera modules
  • High cost of multi-camera systems deployment in vehicles

Market Trends

Sharing images on social networking platforms has become a new trend wherein people share their activities on social networking websites. Social network sites such as Google Plus, Twitter, Facebook, Flickr, Instagram, and WhatsApp are popular among users wherein they share pictures and share through their mobile phones. As a result of this, consumers are demanding mobile cameras having good resolution and advanced features such as panorama mode, macro mode, effects, night vision mode, blur motion mode, and sports mode. Moreover, this, trend is expected to continue during the forecast period.

Until recently, smartphones and tablet PCs with a single camera were popular among the customers. The advent of new technologies for distant communication (such as online video calling) in smartphones has increased. This, in turn, has led to a rise in demand for the front cameras in smartphones. Online video chatting, video calling, video conferencing, and online learning through video lectures have gained popularity in the recent years. The use of portable devices such as smartphones and tablet PCs has also increased for these applications. The installation of front camera in most of the smartphones and tablet PCs in the near future offers potential opportunities to the camera module manufacturers.

Figure 2. Global Camera Module Market Share, By XX, 2020

Camera Module  | Coherent Market Insights

Key Takeaways of the Graph:

  • The CMOS held dominant position in the market and accounted for 1% share in the global camera module market in 2020. The segment is expected to reach US$ 151,367.5 million in 2028, owing to CMOS camera modules consume less battery as compared to devices equipped with CCD modules.
  • In 2020, the Smartphone and tablet PC accounted for the largest share of 3% in the global camera module market and is expected to be valued at US$ 109,094.8 million by 2028. This is owing to increased demand of smartphone devices.

Market Dynamics- Restraints

Capacity limitations of camera modules are expected to restrain growth of the global camera module market during the forecast period. A major challenge in the market is to maintain the demand and supply of camera modules to mobile phone vendors. Key players in the market such as Samsung, Apple, and Nokia are producing millions of units of smartphones every year. Due to the fragmented nature of the market, there is absence of any dominant supplier. However, there is an absence of any dominant supplier, owing to the fragmented nature of the market. Furthermore, a camera module is manufactured by the addition of more than ten components such as lens, actuators, VCM, and image sensors. These components are sourced from third parties in most of the cases.

High cost of multi-camera systems deployment in vehicles is expected to hinder the global camera module market growth over the forecast period. Camera modules that are deployed in vehicles are of high-quality. These cameras are extremely expensive and hence only high-cost cars are equipped with such comers.

Competitive Section

Key players operating in the global 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.

Key Developments

  1. Major market players are involved in mergers and acquisitions, in order to enhance the market presence. For instance, in March 2018, Foxconn Technology Co. Ltd., a Taiwan-based electronics product manufacturer, acquired Belkin, a smartphone accessory manufacturer for US$ 866 million.
  2. Key companies in the market are involved in mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in March 2018, LuxVisions Innovation, a Chinese company, acquired Lite-On Technology, a Taiwan-based electronics company for US$ 360 million.

A camera module is a tiny electronic device integrated with an imaging camera, microprocessor, digital control circuit, and possibly an interface such as CSI, Ethernet, or even plain analog low voltage differential signaling. It is an integral part of a digital camera system and is usually built into the camera itself. The size and power consumption of a camera depends on the camera module. It is often used as a stand-alone unit or can be included in a digital camera, which is then mounted on a computer. There are basically two types of camera modules namely stereomatics and infrared. A Stereomatics camera module consists of an imaging microprocessor and lens that drive an electrical motor. A digital control circuit drives the actuator, which is controlled by the microprocessor. An additional accessory, called a monitor, is used to view the captured images on a monitor. This type of camera has high resolution however, it is somewhat difficult to program and troubleshoot if needed.

Market Dynamics

Increase use of security cameras in households and commercial spaces is expected to boost the global camera module market growth over the forecast period. The majority of commercial spaces have started adopting closed-circuit television (CCTV) security systems to monitor the premises and prevent intrusion. Commercial establishes such as banks, hospitals, shopping malls, and more have increasingly adopted security cameras in the recent past. Similarly, many people have started adopting these camera modules in households to monitor private property.

Furthermore, rapid growth of advanced driver assistance systems in vehicles is expected to accelerate growth of the global camera module market in the near future.

Key features of the study:

  • This report provides in-depth analysis of the camera module market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global camera module market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include 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.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global camera module market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global camera module market

Detailed Segmentation:

  • By Product Type:
    • CMOS Camera Module
    • CCD Camera Module
  • By Application
    • Smartphone and tablet PC
    • Automotive
    • Medical
    • Defense & Space
    • Industrial & Security
    • Consumer electronics
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • East and Africa

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Camera Module Market - Impact of Coronavirus (Covid-19) Pandemic
    • Short Term and Long Term Impact, By Region
      • North America
      • Europe
      • Asia-Pacific
      • ROW
    • Short Term and Long Term Impact, By Type
      • CMOS Camera Module
      • CCD Camera Module
  5. Global Camera Module Market, By Type, 2017-2027 (US$ Million & Million units)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • CMOS Camera Module
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Million units)
    • CCD Camera Module
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Million units)
  6. Global Camera Module Market, By Application, 2017-2027 (US$ Million & Million units)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Smartphone and tablet PC
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Million units)
    • Automotive
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Million units)
    • Medical
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Million units)
    • Defense & Space
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Million units)
    • Industrial & Security
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Million units)
    • Consumer electronics
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Million units)
  7. Global Camera Module Market, By Region, 2017-2027 (US$ Million & Million units)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Type, 2019–2027 (US$ Million & Million units)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million & Million units)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Type, 2019–2027 (US$ Million & Million units)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million & Million units)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Type, 2019–2027 (US$ Million & Million units)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million & Million units)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Rest of the world
      • Regional Trends
      • Market Size and Forecast, By Type, 2019–2027 (US$ Million & Million units)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million & Million units)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • GCC Countries
        • South Africa
        • Rest of World
  8. Competitive Landscape
    • Company Profiles
      • Sunny Optical Technology Group Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Foxconn Technology Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • STMicroelectronics N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • OmniVision Technologies Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Chicony Electronics Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sharp Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • LG Innotek Company Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Partron Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lite-On Technology Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • LuxVisions Innovation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Samsung Electro-Mechanics Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global Camera Module Market-forecast to 2027”.

FAQgrowicon

Frequently Asked Questions

The global camera module market is estimated to be valued at US$ 58,390.9 million in 2021 and is expected to exhibit a CAGR of 15.2% over the forecast period (2021-2028).
Robust growth of smartphone and tablet market is expected to drive growth of the market during the forecast period.
Capacity limitations of camera modules are expected to restrain growth of the market during the forecast period.
Growing application in automotive and defense sector can provide lucrative growth opportunities.
Rising trend of adding secondary camera in smartphones and tablet PCs is one of the emerging trends in the market.
Key players operating in the 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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