Camera Module Market (Updated Version Available)
Camera Module Market Size, Share & Trends Analysis, By Component (Image Sensors, Lens Modules, and Voice Coil Motors), Focus Type (Fixed Focus and Auto-Focus), Process (Flip-Chip Camera Module and Chip-on Board Camera Module), Pixel (Up to 7 MP, 8 to 13 MP, and Above 13 MP), End-User (Consumer Electronics, Automotive, Healthcare, Industrial, Security & Surveillance, and Aerospace & Defense), By Region, Forecast Period 2023 - 2030
Report ID : RI_673709 | Date : April 2023 |
Format : 
Key Market Overview:
Camera Module Market is estimated to reach over USD 71.71 Billion by 2030 from a value of USD 34.23 Billion in 2022, growing at a CAGR of 9.68% from 2023 to 2030.
A camera module is a component of camera with in-built sensor and related circuitry in a compact, self-contained package. Camera modules are designed to be integrated into a variety of devices, such as smartphones, tablets, laptops, and security cameras, among others. Furthermore, camera modules include the image sensor, lens assembly, and supporting electronics such as image signal processors (ISPs), autofocus modules, and flash control units. The sensor captures light and converts it into electrical signals that are processed by the ISP to produce a digital image. Camera modules are available in a range of sizes, resolutions, and functionalities, depending on the intended application.
The growing demand for security cameras in homes, businesses, and public spaces has fueled the growth of the camera module market. The rising crime rates across the globe are facilitating businesses and individuals to look for ways to protect their property and assets. Security cameras help to identify and take appropriate actions against the crime. For instance, in December 2021, E-con Systems launched a new camera module featuring a Sony Starvis image sensor capable of capturing full HD video at 100 frames per second (fps). The camera module is designed for low-light applications such as smart surveillance, smart traffic systems, and in-vehicle surveillance. Therefore, increasing awareness of the security risks among people is driving the growth of the camera module market.
Camera Module Report Coverage:
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Market Dynamics:
Driver:
The advances in camera technology, such as higher resolution sensors, better image stabilization, and improved low-light performance has increased the demand for camera modules that deliver high-imaging capabilities. The continuous advancements in sensor technology have made it possible to produce cameras with ever-increasing pixel counts. High-resolution sensors are particularly useful in applications where fine detail is important, such as in scientific imaging and microscopy. For instance, in October 2021, CrestOptics introduced the DeepSIM super-resolution confocal microscope module. The module is designed to enable super-resolution imaging of biological samples, allowing researchers to observe structures at a much higher level of detail than is possible with conventional microscopy.
Restraint
The manufacturing of camera modules involves a complex process that requires the integration of multiple components, including sensors, lenses, and processors, thereby restraining the growth of the market. The size of the sensor in a camera module limits the amount of light that is captured by the camera, limiting its application in low-light conditions. Moreover, high-resolution and high-speed imaging generate a significant amount of heat that impact image quality and camera module performance. As a result, the complex manufacturing process and the heat dissipated by the camera modules are restraining the growth of the camera module market.
Opportunities
The application of camera modules in 3-D imaging is expected to provide significant growth opportunities for the growth of the camera module market during the forecast period. Camera modules are expected to capture multiple images from different angles to create a 3D model or image. Furthermore, the application of advanced technologies such as virtual reality (VR) is expected to capture images and video for use in virtual reality applications, allowing users to experience immersive and interactive environments. For instance, in October 2022, Innodisk launched a new camera module series targeting AI and computer vision applications that support advanced imaging technologies. The new camera modules are designed to support AI and computer vision applications demanding high-performance imaging capabilities, advanced processing power, and low latency. In accordance, the application of VR technology to enhance digital experiences, thereby providing numerous opportunities for the growth of camera module market.
Camera Module Market Competitive Landscape:
The camera module market is highly competitive and characterized by the presence of numerous players. The companies are focusing on research & development, product development, mergers & collaborations, and providing services to remain competitive in the market. Crucial players are:-
• ams AG
• Chicony Electronics Co. Ltd.
• Cowell E Holdings Inc.
• LG Innotek Co. Ltd.
• LITE-ON Technology Corporation
• OFILM Group Co. Ltd.
• Partron Co. Ltd.
• Primax Electronics Ltd.
• Samsung Electro-Mechanics Co. Ltd. (Samsung Group)
• Sharp Corporation
• STMicroelectronics
• Toshiba Corporation
Recent Developments:
• In March 2021, Samsung Electro-Mechanics announced to mass-produce optical 10x zoom folded camera module. The camera has 10x zoom capability offering smaller footprint, lighter weight, and improved performance compared to traditional zoom camera modules.
• In July 2021, ams AG expanded its NanEye Portfolio with the NanEyeM camera module for single-use medical endoscopy.
Market Segmentation:
By Component
Based on the component, the market is trifurcated into image sensors, lens modules, and voice coil motors. The image sensor segment accounted for the largest revenue share in the year 2022. The increasing demand for high-quality imaging in various applications, such as smartphones, automotive, and security systems is driving the growth of this segment. Image sensors convert light into electrical signals that are processed to create images and videos. For instance, in December 2022, Canon launched four new CMOS sensors, the LI5030SAC, LI5030SAM, LI5030SAI, and LI5030SAN. These sensors are designed to capture warp-free, high-quality 19-megapixel images of high-speed moving subjects in industrial and monitoring applications that require high sensitivity, image quality, and speed. Thus, owing to aforementioned factors and rising application of image sensors across industries such as to improve image quality, provide advanced features, and enhance safety and productivity are driving the growth of the global camera module market.
The lens modules segment is expected to emerge as the fastest-growing segment during the forecast period. The trend of multi-camera systems in smartphones, automotive, and other applications is driving the demand for lens modules. Multi-camera systems require multiple lens modules, each with different focal lengths and features to capture different types of images and videos. The quality of the lens module depends on factors such as the number of lenses, the size of the lenses, and the aperture of the lenses. Higher quality lens modules capture sharper and clearer images and videos.
By Focus Type
Based on the focus type, the market is bifurcated into fixed focus and auto-focus. The fixed-focus segment dominates the global market and accounted for the largest revenue share in the year 2022. The demand for fixed-focus camera modules is increasing due to its cost-effectiveness, simplicity, and durability. Fixed focus modules are generally less expensive due to their simpler design. Furthermore, fixed focus modules have fewer moving parts, making them a more durable option for applications such as barcode scanning, document scanning, and monitoring cameras, where the subject is at a fixed distance from the camera. Furthermore, fixed focus modules produce a sharper and more focused image, thereby contributing to the growth of this segment.
The auto-focus segment is anticipated to register the fastest CAGR growth during the forecast period. The growth of this segment is driven by the increasing demand for high-quality cameras with auto-focus capabilities in smartphones and other devices. Auto-focus camera modules are equipped with a focusing mechanism that allows them to adjust the focus automatically. Furthermore, the increasing use of auto-focus modules in automotive applications, such as driver assistance systems and autonomous vehicles, is also driving the growth of the auto-focus segment. For instance, in January 2023, Raspberry Pi launched new camera modules that provide powered autofocus. The modules feature a 12-megapixel Sony IMX477 sensor and a powered autofocus mechanism.
By Process
Based on the process, the market is bifurcated into flip-chip camera module and chip-on-board camera module. Flip-chip camera modules hold the largest share in the camera module market as they are widely used in smartphones, tablets, and other portable devices. The demand for compact and thin camera modules is high in the consumer electronics industry, thereby contributing to the growth of flip-chip camera modules segment.
The chip-on board camera module segment is expected to witness fastest CAGR growth during the forecast period. The growth of this segment is attributed to the increasing demand for miniaturized camera modules for various applications, such as medical devices, wearables, and industrial cameras. COB camera modules offer a highly compact and thin design that is well-suited for these applications.
By Pixel
Based on the pixels, the market is segregated into up to 7 MP, 8 to 13 MP, and above 13 MP. The above 13 MP segment accounted for the largest market share in the year 2022. The growing popularity of social media platforms and the trend of sharing high-quality images on these platforms has further fueled the demand for high-resolution camera modules. As a result, the demand for high-resolution camera modules is increased in devices such as such as smartphones, tablets, laptops, and digital cameras. Furthermore, the above 13 MP segment is also expected to witness robust growth during the forecast period. The increasing use of camera modules in industrial and automotive applications, where high-resolution imaging is required for various applications such as inspection and monitoring, is also contributing to the growth of this segment during the forecast period. For instance, in January 2023, Samsung launched a 200-megapixel image sensor for smartphones. The image sensor provides users with the ultimate high-resolution experience, allowing them to capture high-quality images with incredible detail.
By End-User
Based on the end-user, the market is segmented into consumer electronics, automotive, healthcare, industrial, security & surveillance, and aerospace & defense. The consumer electronics segment dominates the global market and accounted for the largest revenue share in the year 2022. The growth of this segment is attributed to the widespread adoption of camera modules in smartphones, laptops, tablets, and other personal electronic devices. Smartphones are equipped with multiple cameras, including front-facing and rear-facing cameras offering advanced features such as optical zoom, image stabilization, and low-light performance.
The automotive segment is expected to witness fastest CAGR growth during the forecast period. The increasing use of cameras in advanced driver-assistance systems (ADAS) and autonomous vehicles is contributing to the growth of this segment. ADAS systems rely on cameras to capture images and provide real-time data to the vehicles computer. Therefore, the systems use high-resolution camera modules to improve driver safety, reduce accidents, and increase overall vehicle efficiency. For instance, in June 2022, ROHM Co. Ltd. launched new PMICs for camera modules in next-gen vehicles designed to meet the growing demand for high-performance camera modules in the ADAS systems. These PMICs are designed to provide efficient and stable power supply to the camera module, ensuring high-quality image capture and processing.
By Region
North America dominates the camera module market and accounts for the largest revenue share in the year 2022. The region has a large and established consumer electronics industry, with companies such as Apple, Google, and Microsoft manufacturing camera modules in the region. Consumers are increasingly demanding high-quality imaging and video capabilities in their electronic devices, contributing to the growth of camera module market in the region. Moreover, the presence of key players such as OmniVision Technologies, Sharp Electronics Corporation, and New Imaging Technologies (NIT) is further contributing to the growth of the regional market.
The Asia-Pacific region is expected to register the fastest CAGR growth during the forecast period. The Asia Pacific region is witnessing significant growth in its automotive industry, with countries such as China, India, and Japan emerging as the major manufacturing centers. The growth is leading to an increased demand for camera modules in advanced driver assistance systems (ADAS) that are becoming increasingly common in new cars. Many vendors in the camera module market are collaborating to develop and improve the imaging capabilities of camera modules. For instance, in September 2021, Sunny Optical partnered with Valens to integrate Automotive Physical Layer (A-PHY) technology into their next-generation camera modules.
Camera Module Market is estimated to reach over USD 71.71 Billion by 2030 from a value of USD 34.23 Billion in 2022, growing at a CAGR of 9.68% from 2023 to 2030.
A camera module is a component of camera with in-built sensor and related circuitry in a compact, self-contained package. Camera modules are designed to be integrated into a variety of devices, such as smartphones, tablets, laptops, and security cameras, among others. Furthermore, camera modules include the image sensor, lens assembly, and supporting electronics such as image signal processors (ISPs), autofocus modules, and flash control units. The sensor captures light and converts it into electrical signals that are processed by the ISP to produce a digital image. Camera modules are available in a range of sizes, resolutions, and functionalities, depending on the intended application.
The growing demand for security cameras in homes, businesses, and public spaces has fueled the growth of the camera module market. The rising crime rates across the globe are facilitating businesses and individuals to look for ways to protect their property and assets. Security cameras help to identify and take appropriate actions against the crime. For instance, in December 2021, E-con Systems launched a new camera module featuring a Sony Starvis image sensor capable of capturing full HD video at 100 frames per second (fps). The camera module is designed for low-light applications such as smart surveillance, smart traffic systems, and in-vehicle surveillance. Therefore, increasing awareness of the security risks among people is driving the growth of the camera module market.
Camera Module Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | USD 71.71 Billion |
| CAGR (2023-2030) | 9.68 % |
| Base Year | 2022 |
| By Component | Image Sensors, Lens Modules, and Voice Coil Motors |
| By Focus Type | Fixed Focus and Auto-Focus |
| By Process | Flip-Chip Camera Module and Chip-on Board Camera Module |
| By Pixel | Up to 7 MP, 8 to 13 MP, and Above 13 MP |
| By End-User | Consumer Electronics, Automotive, Healthcare, Industrial, Security & Surveillance, and Aerospace & Defense |
| By Geography |
|
| Key Players | ams AG, Chicony Electronics Co. Ltd., Cowell E Holdings Inc., LG Innotek Co. Ltd., LITE-ON Technology Corporation, OFILM Group Co. Ltd., Partron Co. Ltd., Primax Electronics Ltd., Samsung Electro-Mechanics Co. Ltd. (Samsung Group), Sharp Corporation, STMicroelectronics, Toshiba Corporation |
Market Dynamics:
Driver:
The advances in camera technology, such as higher resolution sensors, better image stabilization, and improved low-light performance has increased the demand for camera modules that deliver high-imaging capabilities. The continuous advancements in sensor technology have made it possible to produce cameras with ever-increasing pixel counts. High-resolution sensors are particularly useful in applications where fine detail is important, such as in scientific imaging and microscopy. For instance, in October 2021, CrestOptics introduced the DeepSIM super-resolution confocal microscope module. The module is designed to enable super-resolution imaging of biological samples, allowing researchers to observe structures at a much higher level of detail than is possible with conventional microscopy.
Restraint
The manufacturing of camera modules involves a complex process that requires the integration of multiple components, including sensors, lenses, and processors, thereby restraining the growth of the market. The size of the sensor in a camera module limits the amount of light that is captured by the camera, limiting its application in low-light conditions. Moreover, high-resolution and high-speed imaging generate a significant amount of heat that impact image quality and camera module performance. As a result, the complex manufacturing process and the heat dissipated by the camera modules are restraining the growth of the camera module market.
Opportunities
The application of camera modules in 3-D imaging is expected to provide significant growth opportunities for the growth of the camera module market during the forecast period. Camera modules are expected to capture multiple images from different angles to create a 3D model or image. Furthermore, the application of advanced technologies such as virtual reality (VR) is expected to capture images and video for use in virtual reality applications, allowing users to experience immersive and interactive environments. For instance, in October 2022, Innodisk launched a new camera module series targeting AI and computer vision applications that support advanced imaging technologies. The new camera modules are designed to support AI and computer vision applications demanding high-performance imaging capabilities, advanced processing power, and low latency. In accordance, the application of VR technology to enhance digital experiences, thereby providing numerous opportunities for the growth of camera module market.
Camera Module Market Competitive Landscape:
The camera module market is highly competitive and characterized by the presence of numerous players. The companies are focusing on research & development, product development, mergers & collaborations, and providing services to remain competitive in the market. Crucial players are:-
• ams AG
• Chicony Electronics Co. Ltd.
• Cowell E Holdings Inc.
• LG Innotek Co. Ltd.
• LITE-ON Technology Corporation
• OFILM Group Co. Ltd.
• Partron Co. Ltd.
• Primax Electronics Ltd.
• Samsung Electro-Mechanics Co. Ltd. (Samsung Group)
• Sharp Corporation
• STMicroelectronics
• Toshiba Corporation
Recent Developments:
• In March 2021, Samsung Electro-Mechanics announced to mass-produce optical 10x zoom folded camera module. The camera has 10x zoom capability offering smaller footprint, lighter weight, and improved performance compared to traditional zoom camera modules.
• In July 2021, ams AG expanded its NanEye Portfolio with the NanEyeM camera module for single-use medical endoscopy.
Market Segmentation:
By Component
Based on the component, the market is trifurcated into image sensors, lens modules, and voice coil motors. The image sensor segment accounted for the largest revenue share in the year 2022. The increasing demand for high-quality imaging in various applications, such as smartphones, automotive, and security systems is driving the growth of this segment. Image sensors convert light into electrical signals that are processed to create images and videos. For instance, in December 2022, Canon launched four new CMOS sensors, the LI5030SAC, LI5030SAM, LI5030SAI, and LI5030SAN. These sensors are designed to capture warp-free, high-quality 19-megapixel images of high-speed moving subjects in industrial and monitoring applications that require high sensitivity, image quality, and speed. Thus, owing to aforementioned factors and rising application of image sensors across industries such as to improve image quality, provide advanced features, and enhance safety and productivity are driving the growth of the global camera module market.
The lens modules segment is expected to emerge as the fastest-growing segment during the forecast period. The trend of multi-camera systems in smartphones, automotive, and other applications is driving the demand for lens modules. Multi-camera systems require multiple lens modules, each with different focal lengths and features to capture different types of images and videos. The quality of the lens module depends on factors such as the number of lenses, the size of the lenses, and the aperture of the lenses. Higher quality lens modules capture sharper and clearer images and videos.
By Focus Type
Based on the focus type, the market is bifurcated into fixed focus and auto-focus. The fixed-focus segment dominates the global market and accounted for the largest revenue share in the year 2022. The demand for fixed-focus camera modules is increasing due to its cost-effectiveness, simplicity, and durability. Fixed focus modules are generally less expensive due to their simpler design. Furthermore, fixed focus modules have fewer moving parts, making them a more durable option for applications such as barcode scanning, document scanning, and monitoring cameras, where the subject is at a fixed distance from the camera. Furthermore, fixed focus modules produce a sharper and more focused image, thereby contributing to the growth of this segment.
The auto-focus segment is anticipated to register the fastest CAGR growth during the forecast period. The growth of this segment is driven by the increasing demand for high-quality cameras with auto-focus capabilities in smartphones and other devices. Auto-focus camera modules are equipped with a focusing mechanism that allows them to adjust the focus automatically. Furthermore, the increasing use of auto-focus modules in automotive applications, such as driver assistance systems and autonomous vehicles, is also driving the growth of the auto-focus segment. For instance, in January 2023, Raspberry Pi launched new camera modules that provide powered autofocus. The modules feature a 12-megapixel Sony IMX477 sensor and a powered autofocus mechanism.
By Process
Based on the process, the market is bifurcated into flip-chip camera module and chip-on-board camera module. Flip-chip camera modules hold the largest share in the camera module market as they are widely used in smartphones, tablets, and other portable devices. The demand for compact and thin camera modules is high in the consumer electronics industry, thereby contributing to the growth of flip-chip camera modules segment.
The chip-on board camera module segment is expected to witness fastest CAGR growth during the forecast period. The growth of this segment is attributed to the increasing demand for miniaturized camera modules for various applications, such as medical devices, wearables, and industrial cameras. COB camera modules offer a highly compact and thin design that is well-suited for these applications.
By Pixel
Based on the pixels, the market is segregated into up to 7 MP, 8 to 13 MP, and above 13 MP. The above 13 MP segment accounted for the largest market share in the year 2022. The growing popularity of social media platforms and the trend of sharing high-quality images on these platforms has further fueled the demand for high-resolution camera modules. As a result, the demand for high-resolution camera modules is increased in devices such as such as smartphones, tablets, laptops, and digital cameras. Furthermore, the above 13 MP segment is also expected to witness robust growth during the forecast period. The increasing use of camera modules in industrial and automotive applications, where high-resolution imaging is required for various applications such as inspection and monitoring, is also contributing to the growth of this segment during the forecast period. For instance, in January 2023, Samsung launched a 200-megapixel image sensor for smartphones. The image sensor provides users with the ultimate high-resolution experience, allowing them to capture high-quality images with incredible detail.
By End-User
Based on the end-user, the market is segmented into consumer electronics, automotive, healthcare, industrial, security & surveillance, and aerospace & defense. The consumer electronics segment dominates the global market and accounted for the largest revenue share in the year 2022. The growth of this segment is attributed to the widespread adoption of camera modules in smartphones, laptops, tablets, and other personal electronic devices. Smartphones are equipped with multiple cameras, including front-facing and rear-facing cameras offering advanced features such as optical zoom, image stabilization, and low-light performance.
The automotive segment is expected to witness fastest CAGR growth during the forecast period. The increasing use of cameras in advanced driver-assistance systems (ADAS) and autonomous vehicles is contributing to the growth of this segment. ADAS systems rely on cameras to capture images and provide real-time data to the vehicles computer. Therefore, the systems use high-resolution camera modules to improve driver safety, reduce accidents, and increase overall vehicle efficiency. For instance, in June 2022, ROHM Co. Ltd. launched new PMICs for camera modules in next-gen vehicles designed to meet the growing demand for high-performance camera modules in the ADAS systems. These PMICs are designed to provide efficient and stable power supply to the camera module, ensuring high-quality image capture and processing.
By Region
North America dominates the camera module market and accounts for the largest revenue share in the year 2022. The region has a large and established consumer electronics industry, with companies such as Apple, Google, and Microsoft manufacturing camera modules in the region. Consumers are increasingly demanding high-quality imaging and video capabilities in their electronic devices, contributing to the growth of camera module market in the region. Moreover, the presence of key players such as OmniVision Technologies, Sharp Electronics Corporation, and New Imaging Technologies (NIT) is further contributing to the growth of the regional market.
The Asia-Pacific region is expected to register the fastest CAGR growth during the forecast period. The Asia Pacific region is witnessing significant growth in its automotive industry, with countries such as China, India, and Japan emerging as the major manufacturing centers. The growth is leading to an increased demand for camera modules in advanced driver assistance systems (ADAS) that are becoming increasingly common in new cars. Many vendors in the camera module market are collaborating to develop and improve the imaging capabilities of camera modules. For instance, in September 2021, Sunny Optical partnered with Valens to integrate Automotive Physical Layer (A-PHY) technology into their next-generation camera modules.
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