Market Overview:

The Global Mobile Phone Camera Module Market was valued at USD 58.391 Billion in 2022 and is projected to reach USD 181.11 Billion by 2030, growing at a CAGR of 15.20% from 2023 to 2030.

The rapid expansion of the market for consumer goods is fuelling the expansion of the market for mobile camera modules. The market for mobile cameras is expanding as the demand for devices increases. Mobile cameras are gaining popularity not only as digital cameras, but also in the medical, security, and automobile industries.

The market for mobile camera modules is expanding rapidly because consumers desire high-resolution images and cameras that continue to improve. In addition, as the quantity of digital images increases, the demand for mobile camera units increases rapidly.

With the mobile camera tool, electronic devices such as smart phones and computers can capture photographs. The rapid growth of the mobile camera module market is largely due to the increasing demand for high resolution and multiple functions. There is a good possibility that the market for mobile camera modules will expand as the number of businesses and residences with security cameras increases.

Significant Market Dynamics:

Drivers:

Robust growth in the smartphone and tablet market is expected to drive the growth of the global camera module market over the forecast period. Camera modules are mainly used in electronic devices such as smartphones, tablets, digital cameras, webcams, and surveillance systems. However, smartphones and tablet PCs have recently witnessed huge demand. Since the beginning of camera technology, camera modules ranging from 1 million pixels to about 13 million pixels have been developed. High-resolution cameras installed in smartphones play a key role in smartphone sales. Currently, the camera is one of the most important features required to sell smartphones and tablet PCs. Consumers inquire about various features before purchasing a mobile phone or tablet PC, and camera resolution is one of them.

Continuous improvement in camera resolution is expected to propel the global camera module market growth during the forecast period. Camera modules are commonly used in numerous imaging devices in a variety of applications including consumer electronics, industrial, tablet PCs, medical sector and smartphones. The camera module market was dominated by 2-megapixel cameras until 2011. In 2012, there was a rapid shift to high-resolution cameras and camera modules with up to 5 megapixels for entry-level phones and up to 8 megapixels for premium smartphones. In 2013, the market is expected to change as most low-end camera phones have 5 megapixels and premium smartphones have 8 megapixels or more.

The proliferation of technology and the rising demand for smartphones and tablet computers are the primary factors driving the expansion of the mobile camera module market.

Demand for high-definition cameras in the military and in satellite imaging is also contributing to the growth of the mobile camera module market. The market for mobile camera modules is more likely to expand if 3D image sensors are utilized for indoor tracking and image storage improves.

Aside from this, the increasing popularity of social networking applications compels manufacturers of smartphones and tablets to include high-quality cameras. This, in turn, is propelling the growth of the mobile camera module market.

Market Opportunities:

Acquiring new contracts with mobile phone manufacturers may offer your company a variety of new opportunities. End users of the market include manufacturers of mobile phones, tablet computers, monitoring systems, medical devices, and automobiles. The camera devices on smartphones and tablet PCs are utilized the most frequently out of all their possible applications. As a result of the market's fragmentation, there is a great deal of competition among businesses that sell camera units for new contracts.

The expansion of applications in the automotive and military sectors could be a source of expansion. The automobile industry is a rapidly expanding market for camera units. The government's implementation of regulations in a variety of fields is a major factor in this expansion. Governments have historically placed a premium on driver safety. The government and automakers have taken measures to improve driving and reduce the number of accidents on the road. Luxury automobiles are being outfitted with built-in rear view cameras. The Audi A6 and A8 are equipped with a camera that allows the driver to see what is behind them.

Restraints:

Capacity limitations of camera modules are expected to restrain the growth of the global camera module market over the forecast period. A major challenge for the market is maintaining supply and demand for camera modules for mobile phone vendors. Key players in the market, such as Samsung, Apple and Nokia, produce millions of smartphones each year. Due to the fragmented nature of the market, there is no dominant vendor. However, due to the fragmented nature of the market, there is no dominant supplier. In addition, a camera module is made by adding more than 10 parts, such as a lens, an actuator, a VCM, and an image sensor. These components are in most cases provided by third parties.

The high cost of deploying multi-camera systems in vehicles is expected to hamper the growth of the global camera module market over the forecast period. The camera modules placed in the vehicle are of high quality. Because these cameras are so expensive, only expensive cars are equipped with these features.

Challenges:

The rapid evolution of consumer demands is one of the most difficult obstacles for those who manufacture camera modules for devices. Moreover, the high cost and maintenance of camera modules is one of the primary factors that could inhibit the market's growth in the near future.

The low percentage of smartphone users in a number of countries in Latin America, the Middle East, and Africa is one of the greatest obstacles to the market's growth.

Impact of COVID-19 

The outbreak and the transmission of COVID-19 had a negative impact on the market for camera modules in 2020, resulting in a decline in demand. This resulted in a decline in their revenue generation.

Consequently, the market's growth trajectory during the first half of 2020 experienced a decline. This pattern persisted until the first quarter of 2021. In the second or third quarter of 2021, the increase in the production volume of consumer electronics is anticipated to enhance the demand for camera modules.

Key Market Updates:

• In September 2021, Apple Inc., a US-based consumer electronics manufacturer, introduced the iPhone 13 with a new advanced camera module system.
• In November 2021, the Google Pixel 6a will launch with a camera module inspired by the Pixel 6.
• In August 2021, China-based smartphone maker Vivo Communication Technology Co. Ltd. obtained a patent for a detachable in-display camera module.
• In July 2021, ams AG introduced the NanEyeM camera module for single-use medical endoscopy to its NanEye portfolio. NanEyeM is the smallest digital endoscope camera module on the market with the highest resolution that meets current market standards.
• In March 2021, Samsung Electro-Mechanics developed a folded camera module with an optical 10x magnification and began mass production.
• LG Innotek collaborated with Microsoft in March 2021 to assist ecosystem partners with new designs and expand the use of 3D sensing modules beyond smartphones. The collaboration seeks to develop 3D sensing modules based on Microsoft ToF technology, commercialize cloud-connected 3D cameras, and facilitate the creation of 3D vision applications for a variety of industries, including fitness, healthcare, logistics, and retail.

Market Segmentation:

The market for camera modules is segmented by component (image sensor, lens, camera module assembly, VCM suppliers (AF and OIS)), application (mobile, consumer electronics (Excluding mobile), automotive, healthcare, security, and industrial), and geography.

The report covers market size and forecasts for segmentation by component, application, and region. The study also tracks the main market parameters, underlying growth influencers, and leading industry players, which provides support for market estimates and growth rates over the forecast period.

Regional insights

Due to the rapid increase in demand for consumer electronics devices and the rising demand for high-quality cameras for a variety of applications, Asia Pacific is anticipated to account for the largest geographical market share.

Due to the presence of numerous key vendors in the region, North America and Europe are also anticipated to capture a large market share. Latin America and the Middle East and Africa are anticipated to provide growth opportunities for the mobile camera module market as a result of the rising demand for consumer electronics devices and the escalating penetration of smartphones and tablets in these regions.

The research report provides a thorough analysis of the market, including insightful observations, facts, historical data, and statistically supported and industry-validated market data.

In addition, it contains projections based on a suitable set of assumptions and methods. According to market segments such as geography, application, and industry, the research report presents analysis and information.

Scope of the Report:

Key vendors

Samsung Electronics is a global leader in technology, providing individuals with new opportunities. Since its establishment in 1969, Samsung Electronics has become one of the top 10 global brands and one of the world's foremost technology companies. They are transforming the worlds of televisions, smartphones, wearable devices, tablets, digital appliances, network systems, medical devices, semiconductors, and LED solutions through constant innovation and discovery.

 2. Sunny Optical

Sunny Optical Technology Co., Ltd. is China's foremost optical manufacturer due to its great design capabilities and manufacturing expertise. Its application of aspherical lenses, Auto-Focus, Zoom, and Multilayer coating, along with other optical core technologies, are regarded at the highest level in China.

    The group is primarily engaged in optical-related product development, manufacturing, and sales promotion, which includes optical components, instruments, and optoelectronic modules such as glass/plastic lens, mirror, prism, lens module, microscopic, metrology, analytical instrument, cell phone camera module, etc.

 3. Primax

Primax is a company founded in 1981; headquarter at St Petersburg, Florida. The specialities of company include Credit Card Programs, In-house Charge Card Programs, Private Label Card Programs, Debit Card Programs, Prepaid Card Programs, Commercial Card Programs, Purchasing Cards, Small Business Cards, Contactless, Digital, and Call Center.

 4. Omni Vision

Since its founding in 1995, OMNIVISION has been at the core of technological innovation, developing and delivering cutting-edge digital imaging, Analog, and touch & display solutions for a variety of applications and industries. OMNIVISION is a well-known global fabless semiconductor corporation with over 3,000 employees worldwide and over 13 billion shipped products. Our products can be found in mobile phones, security & surveillance, automotive, computing, medical, and emerging applications, among others.

 5. Aptina

Aptina is a provider of intelligent imaging solutions on a global scale. Aptina has developed innovative image sensor technologies, such as Aptina Clarity+TM, to deliver high-quality, detailed images in difficult environments. Aptina's patented imaging solutions can be found in prominent consumer electronics devices such as smartphones, tablets, laptops, gaming, wearables, and digital cameras, in addition to embedded and industrial solutions for automotive, surveillance, video conferencing, scanning, and medical.

Market Key Players:

• Samsung
• Sunny Optical
• Primax
• GSEO
• FUJINON
• KOLEN
• DIOSTECH
• Hynix
• SONY
• APTINA
• Omni Vision
• LITEON
• TI
• SHICON
• Apple Inc.

Major Market Segments Covered

• By Type:
  • CCD
  • CMOS
  • Below 8M
  • 8M-13M
  • Above 13M
  • Other
• By Application:
  • IOS System
  • Android System
  • Other

• By Region:

Owing to the large number of companies in this sector and widespread use of consumer electronics, APAC dominated the camera module market in 2020, followed by Northern Europe and APAC with a market share of 32.6%. One of the main reasons driving the market in this segment is the growing trend of advanced cameras in consumer electronics and ADAS in automobiles, and the growing demand for 3D motion sensors in security and surveillance cameras.

Asia Pacific is expected to boost the growth of CMOS camera modules due to the presence of major manufacturers of smartphones, tablets and consumer electronics. In Asia Pacific, China holds the highest share followed by Japan and India due to low-cost device manufacturing. North America is the second largest consumer of CMOS camera modules worldwide.

Conclusion

The report evaluates the market potential for Mobile Phone Camera Modules by analyzing growth rates (CAGR %), volume (units), and value ($M) data provided at the country level for product types, end-use applications, and by industry verticals. The rising demand of smartphones and tablets are the major driving factors for the mobile phone camera market. Latin America and the Middle East and Africa are anticipated to provide growth opportunities for the mobile camera module market as a result of the rising demand for consumer electronics devices and the escalating penetration of smartphones and tablets in these regions.