Global Camera Module Market Size, Trends and Growth Opportunity, By Sensor Type (CMOS And
CCD), By End-Use Industry (Consumer Electronics, Automotive, Medical, Industrial & Security And
Defense & Space) By Technology (OIS (Optical Image Stabilization), AF (Auto Focus), By Region and
forecast till 2027.
Global Camera Module Market
The Global Camera Module market was valued at US$ 35.7 billion in 2021 and it is expected to reach
at US$ 78 billion in 2027 at a CAGR of 10.4% during forecast period 2022-2027.
The increasing use of digital technology has sparked significant developments in the automotive
sector, which is propelling a surge in demand for camera module solutions on a global scale. It is a
part that gives a digital image the ability to record videos, detect gestures, and capture still pictures.
Usually, camera modules are used in packaging. They are widely used in smartphones and tablet PC,
automotive, medical, defense & space and others.
Market Drivers
Consumer gadgets are now more in demand than ever from end customers. Shorter replacement
cycles, falling prices, accessibility through e-commerce websites, and new technologies such
as wearable, virtual and augmented reality, 4K televisions, smart homes, 3D printers, autonomous
vehicles, drones, and communicative robots all stimulate regular purchases of the same.
Applications are expanding in the automotive and defense industries, which may offer lucrative
growth prospects. Markets for camera modules are expanding quickly, including the automotive
sector. The key factor behind this growth is the application of local government rules.
Market Restraint
Different designs and the shrinking of devices are results of increased end-user rivalry. Leading
smartphone manufacturers like Apple and Google have been observably improving their cameras
with their flagship models, the iPhone 13 Pro and Google Pixel. In order to stay current with trends,
other smartphone manufacturers also frequently update their cameras. However, a few frequent
problems that may come up during the production of camera modules as a result of shrinking cause
a decline in quality and other design flaws.
COVID-19 Impact on Camera Module Market
As a result of the outbreak, the market for camera modules impacted significantly, as the trend
toward remote working and learning in a variety of disciplines has led to a rise in video conferencing,
video recording, and digital storage applications. However, because of a rise in demand for
consumer electronics, manufacturers are taking advantage of sales opportunities through
ecommerce and online shopping apps. By maintaining stable supply chains, semiconductor
businesses serve mission-critical applications in the medical sector.
Market Segmentation
The global camera module market segmented on the basis of sensor type, technology, and end-use
industry. On the basis of sensor type it segmented into CMOS and CCD. On the basis of technology, it
segmented into OIS (optical image stabilization), AF (auto focus). On the basis of end use industry, it
segmented into consumer electronics, automotive, medical, industrial & security and defense &
space.
Regional Analysis
The global camera module market segmented into five regions North America, Europe, Latin
America, Asia Pacific, Middle East and Africa. Asia Pacific has dominated the market followed by
North America. The increasing need for 3D Motion sensors in security and surveillance cameras, as
well as the trend toward advanced cameras in consumer electronics and ADAS in cars are some of
the main factors propelling this market.
Key Players
Various key players are listed in this report such as 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.
Market Taxonomy
By Sensor Type
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