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Camera Module Market Trends

Report ID: GMI6896
Published Date: Oct 2023
Report Format: PDF

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Camera Module Market Trends

The camera module industry is witnessing several notable trends, which include a focus on higher resolution and advanced features in smartphone camera modules such as periscope zoom lenses & under-display cameras. Smartphone manufacturers were increasingly focusing on multiple camera modules in their devices. Dual, triple, and quad-camera setups became more common, allowing for various functionalities such as wide-angle shots, telephoto zoom, depth sensing, and improved low-light performance.

The adoption of camera modules in emerging applications such as autonomous vehicles and healthcare is growing, driven by AI-driven image analysis. AI and machine learning technologies are being integrated into camera modules to enhance features like facial recognition, object tracking, and automated scene optimization. These technologies helped in delivering smarter and more intuitive camera experiences for users.

Finally, sustainability is a rising concern, leading to efforts to reduce the environmental impacts of camera module production and packaging. There is an increasing awareness of environmental sustainability. Manufacturers were exploring ways to make camera modules and their production processes more eco-friendly, including the use of recyclable materials and energy-efficient manufacturing methods.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for camera module was valued at over USD 38.2 million in 2022 and is anticipated to grow at a CAGR of over 10.4% between 2023 and 2032, owing to the rising use of IoT-based security & surveillance systems in different sectors.

The between 8 to 15 MP segment held a market share of 40% in 2022 and will continue to witness demand due to the increasing use of high-resolution cameras for photography and recording, where image detail and file size are optimal.

Asia Pacific market for camera module held over 35% revenue share in 2022. The region serves as a manufacturing hub for leading smartphone and electronics companies, which along with expanding middle class and increasing consumer purchasing power boost the product demand.

OmniVision, Onsemi, Q Technology, Rayprus Holding Ltd. (Foxconn), Samsung Electro-Mechanics, Sony Corporation, STMicroelectronics N.V., Sunny Optical Technology (Group), and Toshiba Corporation among others.