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| Global Camera Module Market Size |
Camera modules are an integral part of cameras in mobile phones, tablets and
laptops. They consist of an image sensor, lens and other electronic components
that capture and process images and videos from the device. The growing
adoption of dual, triple and quad rear cameras in high-end smartphones has
propelled the demand for camera modules. Additionally, cameras are increasingly
being integrated in tablets and laptops for video conferencing purposes.
The global
Camera Module Market is estimated to be valued at US$ 34.5 billion in 2023 and is expected to exhibit a CAGR of 11.4%
over the forecast period 2023-2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The rising adoption of cameras in smartphones is one of the major trends
driving the camera module market. Manufacturers are continuously upgrading the
camera specifications of smartphones to offer enhanced photo and video
capabilities. For instance, key players such as Samsung, Huawei, Apple and
Xiaomi have started offering smartphones with dual rear cameras and battery
capacities have increased substantially to support such power-intensive
components. This has boosted the sales of high-megapixel and multi-camera
modules significantly. Moreover, the growing popularity of social media
platforms has increased self-photography and video sharing behaviors among
consumers globally, thereby augmenting the demand.
Segment Analysis
The camera module market can be segmented based on technology, product, and
application. Based on technology, the CMOS segment currently dominates the
market due to its high demand in smartphones. CMOS cameras offer better image
quality and low power consumption compared to CCD cameras which has resulted in
their widespread adoption.
Key Takeaways
Global
Camera Module Market Size is expected to witness high growth. The
global Camera Module Market is estimated to be valued at US$ 34.5 billion in 2023 and is expected to exhibit a CAGR of 11.4%
over the forecast period 2023-2030.
The Asia
Pacific region currently accounts for the largest share in the camera module
market owing to the presence of emerging economies like China and India. These
countries have emerged as major manufacturing hubs for smartphone and
electronics industries which drives the demand for camera modules. This is
attributed to the high demand for technologically advanced cameras in
applications like smartphones, laptops, automotive and medical devices from
countries like US and Canada.
Key players related content comprises Key players operating in the camera
module market are Samsung Electro-Mechanics, Sharp, LG Innotek, Lite-On
Technology Corporation, Cowell E Holdings and Toshiba. Samsung
Electro-Mechanics currently holds the leading position with its wide range of
high quality CMOS and CCD image sensors used in smartphones, tablets and other
electronic devices.
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