Mobile Phone Camera Module Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Mobile Phone 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 (2021-2030).
Mobile Phone Camera Module Market Overview:
The exponential growth of the consumer electronics market is driving the growth of the mobile camera module market. Growing demand for smartphones in many countries around the world is fueling the growth of the mobile camera market.
Demand for mobile cameras today is growing not only in traditional digital camera applications, but also in medical, security and automotive applications.
Continuous innovation in camera quality and the need for high pixel density images are some of the major factors creating the rapid growth demand of the mobile camera module market.
In addition, as the amount of electronic data in the form of images increases, the demand for mobile camera modules is also increasing rapidly.
The mobile camera module provides the ability to take pictures using electronic devices such as smartphones and tablets. Increasing demand for high resolution and multiple functions is one of the major factors creating rapid demand for mobile camera module market.
Moreover, increasing trend of installing security cameras in commercial and residential areas further boosts the growth potential of the mobile camera module market.
Mobile Phone Camera Module Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Mobile Phone Camera Module Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
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. obtains a patent for a detachable in-display camera module.
Major Market Segments Covered in Mobile Phone Camera Module Market Industry Research:
Market Key Players:
Samsung, Sunny Optical, Primax, GSEO, FUJINON, KOLEN, DIOSTECH, Hynix, SONY, APTINA, OmniVision, LITEON, TI, SHICON, And Others.
- Below 8M
- Above 13M
- IOS System
- Android System
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.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
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.
Acquiring new contracts with mobile manufacturers can present major business opportunities. The end users of the market are mobile phone manufacturers, tablet PC manufacturers, surveillance system manufacturers, medical device manufacturers, and the automotive industry. Among the many applications of camera modules, smartphones and tablet PCs occupy the majority of the market share. Due to the fragmented nature of the market, competition among players to obtain new contracts for the supply of camera modules is fierce.
Application growth in the automotive and defense sectors could provide lucrative growth opportunities. The automotive sector is one of the fast-growing markets for camera modules. A major factor contributing to this growth is the implementation of government regulations in several regions. Driver safety has been a major concern for governments. Government authorities and car manufacturers have taken active steps to provide driver safety and reduce the incidence of road accidents. Premium car manufacturers are launching cars with rear view camera features. For example, Audi range cars A6 and A8 equipped with a rear view camera for a better view.
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.
Mobile Phone Camera Module Market report scope:
Crucial Points from this Mobile Phone Camera Module Market Report
- Estimate Mobile Phone Camera Module Market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, applications, and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness to your processes.
- Know the different dynamics affecting the market - challenges, key driving factors, and opportunities.
- Get a quick viewpoint on the Mobile Phone Camera Module Market entropy - M&A's, deals, partnerships, and product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data, and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions-
- What is the CAGR of Mobile Phone Camera Module Market?
- What are the key types of Mobile Phone Camera Module Market?
- What are the key applications of Mobile Phone Camera Module Market?
- Who are the key players in Mobile Phone Camera Module Market?