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| Global Camera Module Market Size |
Camera Module play a vital role in enabling advanced features in consumer
electronics such as smartphones, tablets, laptops, and more. The growing demand
for high-quality optics, lenses, and image sensors in smartphones due to rising
popularity of photography and videography-based social media platforms has
fueled adoption of advanced camera Module.
The global
Camera Module Market is estimated to be valued at US$ 102838.35 Bn in 2024 and is expected to exhibit a CAGR of 16.5%over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The expanding applications of camera Module in smartphones has accelerated
market growth over the past few years. Camera phones were introduced over a
decade ago but were limited in functionality and image quality. However, recent
flagship smartphones feature dual, triple and even quadruple camera setups to
support versatile photography needs such as ultra-wide shots, optical zooms,
portrait mode and more. Leading smartphone manufacturers are focusing on
enhancing camera capabilities to offer differentiated experiences to consumers
and gain competitive edge. This has driven strong demand for advanced camera Module
with innovative optical and sensor technologies. Increased adoption of
high-resolution camera Module compatible with high megapixelcounts is a major
trend shaping the market.
Segment
Analysis
The global camera module market is dominated by the CMOS segment which holds
around 60% of the total market share. CMOS camera Module are widely used in
smartphones due to their low power consumption, compact size and high-quality
image capturing capabilities. They allow original equipment manufacturers to
develop thinner and lighter smartphones without compromising on camera
functionality.
Key Takeaways
Global
Camera Module Market Size is expected to witness high growth.
Regional
analysis: The Asia Pacific region currently dominates the global camera module
market and is expected to continue its dominance during the forecast period.
Countries like China, South Korea and Taiwan are major manufacturing hubs for
smartphones and tablets where camera Module are widely used. Hence, the growing
demand for smartphones and cameras from these countries is driving the camera
module market in the Asia Pacific region.
Key players operating in the camera module market are Sunny Optical Technology
Group Co. Ltd., Foxconn Technology Co. Ltd., STMicroelectronics N.V.,
OmniVision Technologies Inc., Chicony Electronics Co. Ltd., Sharp Corporation,
LG Innotek Company Ltd, Partron Co. Ltd., Lite-On Technology Corp., LuxVisions
Innovation, and Samsung Electro-Mechanics Co. Ltd. These players are focusing
on new product launches and expanding their manufacturing facilities to cater
to the growing demand for camera Module.
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