Camera Modules Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

A typical camera module comprises an infrared filter, image sensor, lens, digital signal processing, soft board, and PCB.  Camera modules assist cameras in taking videos and pictures in high resolution and are also used to monitor traffic. They provide these pictorial or video inputs to smart home appliances, smartphones, automobiles, among others.  

Camera modules find wide application in the automotive, pharmaceutical, consumer service, and robotics, among other industrial fields. The global camera modules market includes players engaged in the development and launch of a variety of camera module products. The global camera modules market was valued at USD 31.5 billion in 2021 and is projected to witness growth at a compounded annual growth rate (CAGR) of 8.5% during the forecast period of 2022-2030.

Growth Drivers:

Globally, the demand and application of smart technology are multiplying, especially across the major emerging countries, including India, China, Japan, and others. Also, the number of advancements in smart technology is witnessing tremendous growth. This leads to enhanced adoption of camera modules across major end-user industry verticals, including aerospace, automotive, pharmaceutical, consumer service, and robotics.

The penetration and demand for smartphones, cameras, and tablets among people across all parts of the world have surged dramatically over the last decade. Moreover, there is also an ongoing trend for multi-camera smartphones. Due to these factors, cameras have emerged as an essential component for mobile device manufacturers. Consequently, the demand for camera modules has risen. These manufacturers emphasize the quality of their cameras, which, in turn, adds to the growth of the global camera modules market.

Additionally, concerns regarding security across various domains have been increasing in the past few years. This has proliferated demand for security and surveillance systems in home security, intelligent buildings, outdoor security markets, and government and commercial buildings. Along with this, the swift expansion of the smart home market is also aiding in the growth of the global camera modules market.

The high usage of document scanners in workplaces, the application of drones in the defense sector, and the rising number of acquisitions and new product launches by market players are among other factors expected to bolster the growth of the global camera modules market.

However, factors such as high costs, heavy maintenance, design complexities, and limited battery life associated with camera modules are expected to hinder the growth of the global camera modules market during the forecast period of 2022-2030.

Camera Modules Market Segmentation:

By Component:

·         Image Sensors

o   CMOS Image Sensors

§  Frontside Illumination (FSI) Technology

§  Backside Illumination (BSI) Technology

o   CCD Image Sensors

o   Other Image Sensors

§  NMOS Image Sensors

§  InGaAs Image Sensors

§  sCMOS Image Sensors

·         Lens Module

·         Voice Coil Motors

·         Other Components

By Focus Type:

·         Fixed Focus

·         Autofocus

By Interface:

·         Camera Serial Interface

·         Camera Parallel Interface

By Pixels:

·         Up to 7 MP

·         8 to 13 MP

·         Above 13 MP

By Process:

·         Flip-Chip Camera Module

·         Chip-On-Board Camera Module

By Application:

·         Consumer Electronics

o   Smartphones

o   Tablet PC

o   Camera

o   Wearable

o   Others

§  Gaming Consoles

§  TVs

·         Automotive

o   By Function

§  ADAS

§  Viewing

o   By View Type

§  Rear View

§  Front View & Others

o   By Vehicle Type

§  Passenger Car

§  Commercial Vehicles

·         Healthcare

o   Endoscopy

o   Ophthalmology

o   Others

·         Industrial

o   Machine Vision

o   Robotic vision

·         Security and Surveillance

o   Public Places and Infrastructures

o   Commercial & Residential

·         Aerospace & Defense

o   Airborne and Marine Surveillance

o   Border Surveillance & Military Operations

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Camera Modules Market: Component Review: -

Based on component, the global camera modules market is segmented into image sensors, lens module, voice coil motors, and other components. The lens module segment captured the largest share of the market in 2021. The trend is likely to continue over the forecast period. However, the image sensors segment is estimated to attain the highest growth in the market during the forecast period of 2022-2030. The burgeoning demand for small HD camcorders and smartphones and the growing number of advancements in digital technology are among the major factors contributing to the segment's high growth.

Camera Modules Market: Pixels Review: -

Based on pixels, the global camera modules market is segmented into up to 7 MP, 8 to 13 MP, and above 13 MP. The above 13 MP segment is projected to register the highest growth in the market during the forecast period. The segment’s growth can be attributed to the escalating need for improved image quality from end-users and the growing shift to high-resolution camera modules worldwide.

Camera Modules Market: Focus Type Review: -

Based on focus type, the global camera modules market is segmented into fixed focus and autofocus. The fixed focus segment is predicted to achieve the highest CAGR in the market during the forecast period of 2022-2030. The increasing application of fixed focus camera modules for various applications due to their low cost is the primary factor driving the growth of the segment.

Camera Modules Market: Interface Review: -

Based on interface, the global camera modules market is segmented into camera serial interface and camera parallel interface. The camera serial interface segment is anticipated to witness the highest growth in the market during the forecast period of 2022-2030. The rising adoption of these interfaces owing to their multiple benefits and their ability to support a wide range of high-performance applications, including 4 K, 8 K, and 1080 p, and high-resolution photography is majorly ascribed to the segment’s high growth.

Camera Modules Market: Application Review: -

Based on application, the global camera modules market is segmented into consumer electronics, automotive, healthcare, industrial, security and surveillance, and aerospace and defense. The consumer electronics segment acquired the largest share of the market in 2021. The segment is expected to remain in the same position throughout the forecast period of 2022-2030. However, the automotive segment is predicted to experience the highest growth in the market during the forecast period of 2022-2030.

Regional Outlook:

The camera modules research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, and Latin America, and the Middle East & Africa.

The Asia Pacific region held 33.6% of the market share and commanded the global camera modules market in 2021, followed by North America and Europe. The region is estimated to remain dominant and achieve the highest market growth during the forecast period of 2022-2030. The Asia Pacific is home to the major developments in the camera modules market due to the presence of leading market players in the developing countries of India, China, Japan, and South Korea in the region. Furthermore, the growing number of government-based initiatives regarding safety norms in automotive vehicles, the ever-growing population base, and the high adoption of consumer electronics in the region are other factors anticipated to drive the growth of the camera modules market in the Asia Pacific during the forecast period.

The report also identifies the country market outlook for camera modules, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

Key Companies in Camera Modules Market:

The research report offers a competitive analysis of prominent companies operating in the global camera modules market. Some of the leading players profiled in the market research report include:

·         Hon Hai Precision Inc. Co., Ltd.

·         Luxvision Innovation Limited

·         Q Technology

·         ams AG

·         Chicony Electronics Co. Ltd

·         Cowell E Holdings Inc.

·         Fujifilm Corporation

·         LG Innotek Co. Ltd

·         Lite-On Technology Corporation

·         Primax Electronics Ltd

·         Samsung Electro-Mechanics Co. Ltd

·         Sharp Corporation

·         Sony Corporation

·         STMicroelectronics NV

·         Partron Co. Ltd.

·         Toshiba Corporation

·         STMicroelectronics NV

·         Sunny Optical Technology (Group) Company Limited

·         Omni Vision Technologies Inc.

·         Other Players