The Smartphone Camera Lens Market size is estimated at USD 5.01 billion in 2024, and is expected to reach USD 7.43 billion by 2029, growing at a CAGR of 8.21% during the forecast period (2024-2029).
The market is witnessing various advancements related to the different types of lenses being used in smartphones. Various smartphone manufacturers are developing smartphones with multiple cameras that include other types of lenses, including telephoto lenses, macro lenses, and ultra-wide-angle lenses.
The smartphone camera lens market is fragmented due to the presence of many large and small players. Some of the major players are LG Innotek, Sunny Optical Technology (Group) Company Limited, Asia Optical Co. Inc., AAC Technologies, and Kantatsu Co. Ltd (Sharp Corporation). These companies keep innovating new products and entering strategic partnerships with other firms to retain their market shares.
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