Camera Module Market Report by Component (Image Sensors, Lens Modules, Voice Coil Motors, and Others), Focus Type (Fixed Focus, Autofocus), Interface (Camera Serial Interface, Camera Parallel Interface), Pixels (Up to 7 MP, 8 to 13 MP, Above 13 MP), Process (Flip-Chip Camera Module, Chip-On-Board Camera Module), Application (Consumer Electronics, Automotive, Healthcare, Industrial, Security and Surveillance, Aerospace and Defense), and Region 2024-2032
The global camera module market size reached US$ 42.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 80.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.19% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 42.9 Billion
Market Forecast in 2032
US$ 80.5 Billion
Market Growth Rate 2024-2032
7.19%
A camera module is designed to capture photographic or video type images. It forms an integral component of sensor simulation, which validates camera-based assistance and automated driving functions. A camera module involves lens, infrared filter (IR filter), aperture, digital signal processing (DSP), and a soft board, which allows for camera simulation based on the light propagation and measurement of the imager chip. In addition to this, it can be used to extend the functionality of the camera for data processing algorithms and include custom models. As a result, a camera module is being widely used in video conferencing, security systems, and real-time monitoring as a video input device.
Camera Module Market Trends:
The increasing demand for consumer electronics represents the key factor driving the global camera module market growth. This can be attributed to its extensive utilization in smartphones, tablets, interior navigation, satellite space imaging, and picture storage. Moreover, the rising awareness regarding the associated benefits of camera module over conventional charged-coupled device (CCD) sensors, such as lower power consumption, faster frame rate, and cost-effectiveness, is catalyzing the market growth. Rapid urbanization and industrialization, particularly in emerging economies, is further facilitating the need for advanced security and surveillance systems. This, in turn, is intensifying the product adoption across smart homes, government buildings, and commercial complexes, thus creating a positive outlook for the market. Other than this, the emergence of unmanned aerial vehicles (UAV) has escalated the demand for high-definition (HD) cameras in the military sector. Besides this, the development of advanced internet technology, improvement of network speed, and the continuous maturity of photographic imaging device technology are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global camera modulemarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, focus type, interface, pixels, process and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being ams AG, Chicony Electronics Co. Ltd., Cowell E Holdings Inc., LG Innotek Co. Ltd., LITE-ON Technology Corporation, OFILM Group Co. Ltd., Partron Co. Ltd., Primax Electronics Ltd., Samsung Electro-Mechanics Co. Ltd. (Samsung Group), Sharp Corporation, STMicroelectronics and Toshiba Corporation.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Component, Focus Type, Interface, Pixels, Process, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
ams AG, Chicony Electronics Co. Ltd., Cowell E Holdings Inc., LG Innotek Co. Ltd., LITE-ON Technology Corporation, OFILM Group Co. Ltd., Partron Co. Ltd., Primax Electronics Ltd., Samsung Electro-Mechanics Co. Ltd. (Samsung Group), Sharp Corporation, STMicroelectronics and Toshiba Corporation
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global camera module market was valued at US$ 42.9 Billion in 2023.
We expect the global camera module market to exhibit a CAGR of 7.19% during 2024-2032.
The rising consumer awareness towards the numerous associated benefits of camera module, such as lower power consumption, faster frame rate, cost-effectiveness, etc., over conventional charged-coupled device (CCD) sensors is primarily driving the global camera module market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in a temporary closure of various manufacturing units for camera modules.
Based on the component, the global camera module market has been segmented into image sensors, lens modules, voice coil motors, and others. Currently, image sensors hold the majority of the total market share.
Based on the focus type, the global camera module market can be divided into fixed focus and autofocus, where fixed focus currently exhibits a clear dominance in the market.
Based on the interface, the global camera module market has been categorized into camera serial interface and camera parallel interface. Currently, camera serial interface accounts for the majority of the total market share.
Based on the application, the global camera module market can be segregated into consumer electronics, automotive, healthcare, industrial, security and surveillance, and aerospace and defense. Among these, the consumer electronics sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global camera module market include ams AG, Chicony Electronics Co. Ltd., Cowell E Holdings Inc., LG Innotek Co. Ltd., LITE-ON Technology Corporation, OFILM Group Co. Ltd., Partron Co. Ltd., Primax Electronics Ltd., Samsung Electro-Mechanics Co. Ltd. (Samsung Group), Sharp Corporation, STMicroelectronics, and Toshiba Corporation.
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