Overview and Scope
The camera module is used to capture photographic or videographic images and consist of an image sensor, lens, IR filters, image processors, and other additional components. The camera module is an integral part of the digital camera system and is built into the camera itself. The size and power consumption of the camera depend on the camera module.
Sizing and Forecast
The camera modules market size has grown strongly in recent years. It will grow from $49.07 billion in 2023 to $53.6 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to consumer electronics growth, automotive integration, surveillance systems, medical imaging devices, rising social media usage.
The camera modules market size is expected to see strong growth in the next few years. It will grow to $78.45 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to smart home devices, telemedicine growth, environmental monitoring, shift towards multiple camera setups, rising popularity of action cameras and drones. Major trends in the forecast period include advancements in image sensor technology, computational photography, adoption of 3D cameras, AR and VR technologies, remote work and virtual collaboration.
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Segmentation & Regional Insights
The camera modules market covered in this report is segmented –
1) By Product Type: CMOS Camera Module, CCD Camera Module
2) By Component: Image Sensors, Lens Modules, Voice Coil Motors
3) By Focus Type: Interface, Pixel, Process
4) By Applications: Medical, Smartphone & Tablet PC, Automotive, Defense & Space, Industrial & Security, Consumer Electronics
Asia-Pacific was the largest region in the camera module market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the camera modules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising popularity of automated and semi-automated cars is significantly contributing to the growth of the camera module market. Automated and semi-automated cars are the most advanced cars, having an autonomous driving system (ADS) which uses artificial intelligence, integrated cameras, and other software to perform all driving tasks on behalf of drivers or provide certain driving assistance like active steering, breaking, and acceleration based on roads and other environmental conditions. Camera modules are highly used in automotive camera systems, which are an integrated part of the Autonomous Driving System (ADS) to provide high-definition imaging to process data for driving cars autonomously. For instance, in June 2023, according to the Zipdo, a Germany-based meeting management and productivity software, around 8 million units of semi-autonomous or fully autonomous vehicles are expected to be sold globally by 2026. Therefore, the rise in popularity of automated and semi-automated cars is expected to propel the growth of the camera module market over the coming years.
Key Industry Players
Major companies operating in the camera modules market report are Hon Hai Precision Industry Co. Ltd., Intel Corporation, Pixelplus Co. Ltd., BYD Electronic (International) Company Limited, Panasonic Corporation, SK Hynix Inc., Toshiba Electronic Devices & Storage Corporation, Fujifilm Corporation, Sharp Corporation, STMicroelectronics N.V., LG Innotek Co. Ltd., Hikvision Digital Technology Co. Ltd., On Semiconductor Corporation, Sony Corporation, Samsung Electro-Mechanics Co. Ltd., LITE-ON Technology Corporation, Sunny Optical Technology (Group) Company Limited, Chicony Electronics Co. Ltd., FICOSA International S.A., Primax Electronics Ltd., OFILM Group Co. Ltd., OmniVision Technologies Inc., Himax Technologies Inc., Cowell Electronics Holdings Inc., Partron Co. Ltd., MCNEX Co. Ltd., Aptina Imaging Corporation, Pixelworks Inc., AMS Technologies AG, TruTag Technologies Inc., Largan Precision Co. Ltd., Canatu Oy
The camera modules market report table of contents includes:
1. Executive Summary
2. Camera Modules Market Characteristics
3. Camera Modules Market Trends And Strategies
4. Camera Modules Market – Macro Economic Scenario
5. Global Camera Modules Market Size and Growth
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32. Global Camera Modules Market Competitive Benchmarking
33. Global Camera Modules Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Camera Modules Market
35. Camera Modules Market Future Outlook and Potential Analysis
36. Appendix
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