Camera Module Assembly Adhesives Market Report Overview
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The global camera module assembly adhesives market size was 219.3 million in 2022 and is expected to reach USD 1082.78 million by 2031, at a CAGR of 19.3% during the forecast period.
When it comes to camera module assembly, adhesives play a crucial role in ensuring the components are securely bonded together. Different types of adhesives are used in camera module assembly depending on the specific requirements of the application. Acrylic adhesives offer fast curing times, good bond strength, and resistance to environmental factors such as moisture and temperature. They are often used in camera module assembly for bonding plastic components and providing structural support.
UV curable adhesives offer rapid curing times when exposed to ultraviolet light. They are often used in camera module assembly for their ability to provide high bond strength and optical clarity. UV curable adhesives are suitable for bonding glass components and can be precisely controlled during the curing process. Silicone adhesives are known for their flexibility, high-temperature resistance, and excellent adhesion to a wide range of substrates. They are commonly used in camera module assembly to provide vibration dampening and sealing properties.
COVID-19 IMPACT: Increased Remote Communication to Boost Demand Significantly
The COVID-19 pandemic has been unprecedented and staggering, with camera module assembly adhesives experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
COVID-19 had a life changing impact globally. The camera module assembly adhesives market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for camera module assembly adhesives experienced an increased demand.
The pandemic forced many manufacturers to implement new safety measures and protocols to protect their workforce. This included social distancing, reduced workforce, and changes in production layouts. These changes may have impacted the efficiency and speed of camera module assembly processes, including the application of adhesives. Manufacturers had to adjust their processes to ensure compliance with safety guidelines while maintaining production levels.
The pandemic caused a surge in demand for remote communication technologies, such as video conferencing and online meetings. This increased demand for camera modules, leading to higher production volumes and subsequently higher demand for camera module assembly adhesives. Manufacturers had to adapt to the increased demand and ensure a stable supply of adhesives to meet production requirements. The market is anticipated to boost the camera module assembly adhesives market share following the pandemic.
LATEST TRENDS
"Improved Process Efficiency to Broaden Market Growth"
Adhesive manufacturers are continuously working on developing adhesives that offer faster curing times and improved processability. This helps manufacturers increase production efficiency and throughput in camera module assembly. There has been a growing demand for smaller and thinner camera modules in various devices, such as smartphones, tablets, and wearable devices. Adhesive manufacturers have been developing adhesives that offer strong bonding capabilities while minimizing the overall thickness and footprint of the camera module assembly.
Camera modules can be exposed to elevated temperatures, particularly in applications like automotive and industrial imaging. Adhesive manufacturers are working on developing adhesives with improved high-temperature resistance to ensure reliable bonding and performance even in challenging environments. Camera module assembly adhesives are being formulated to meet the stringent optical requirements of modern camera systems. Adhesive manufacturers are focusing on developing adhesives with low haze, high transparency, and minimal impact on image quality. These latest developments are anticipated to boost the camera module assembly adhesives market share.
Camera Module Assembly Adhesives Market Segmentation
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- By Type
Based on type, the market is divided into UV curable adhesives and Non-UV curable adhesives.
UV curable adhesives holds a major share of the global market.
- By Application
Based on application, the market is bifurcated into mobile phone, on-board camera, security camera, laptop tablet, AIoT intelligent terminal, and others.
Mobile phone as application holds a major share of the global market.
DRIVING FACTORS
"Miniaturization and Slimmer Designs to Boost Market Share"
The demand for smaller, slimmer, and more compact camera modules is driving the need for adhesives that can securely bond the components while minimizing the overall thickness and footprint. Adhesives with excellent bonding strength and low profile are essential to accommodate the shrinking form factors of camera modules. Camera modules are exposed to various environmental stresses, including temperature variations, vibrations, and mechanical shocks. Adhesives must provide strong bonding and withstand these conditions to ensure long-term durability and reliable performance of camera modules in different applications.
"Compatibility with Different Substrates to Boost Market Size"
Camera modules consist of various materials such as glass, metal, and plastic. Adhesives need to exhibit compatibility with these substrates to ensure reliable adhesion and avoid issues like delamination or reduced bond strength. Adhesive manufacturers develop formulations that provide strong adhesion to diverse materials commonly used in camera module assembly. These factors are anticipated to drive the camera module assembly adhesives market share.
RESTRAINING FACTORS
"Manufacturing Process Constraints to Hamper Market Share"
The assembly process of camera modules may involve various steps such as component placement, curing, and testing. Adhesives must be compatible with these processes and not adversely affect the efficiency or yield of the manufacturing line. Factors such as curing time, dispensing methods, and curing equipment compatibility can be restraining factors for certain adhesives. The factors are anticipated to hinder the growth of the camera module assembly adhesives market share.
Camera Module Assembly Adhesives Market Regional Insights
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"Asia-Pacific Dominates the Camera Module Assembly Adhesives Market "
APAC is the major shareholder for the camera module assembly adhesives market share. The region has a dominant presence in electronics manufacturing. It is home to major electronics OEMs (Original Equipment Manufacturers) and have a robust supply chain ecosystem. The region's strong manufacturing base and technological advancements make it a significant shareholder in the camera module assembly adhesives market. North America is the second major shareholder for the camera module assembly adhesives market share.
KEY INDUSTRY PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Dymax [U.S.]
- DELO [Germany]
- Henkel [Germany]
- H.B. Fuller [U.S.]
- NAMICS [Japan]
- Addison Clear Wave [Taiwan]
- ThreeBond [Japan]
- Ajinomoto Fine-Techno [Japan]
- Tex Year Industries [Taiwan]
- AVENTK [South Korea]
- KY Chemical [South Korea]
- Sekisui [Japan]
- Longain New Materials [China]
- Chemence [U.S.]
- Panacol [Germany]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 219.3 Million in 2022 |
Market Size Value By |
US$ 1082.78 Million by 2031 |
Growth Rate |
CAGR of 19.3% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the camera module assembly adhesives market expected to touch by 2031?
The global camera module assembly adhesives market is expected to reach USD 1082.78 million by 2031.
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What CAGR is the camera module assembly adhesives market expected to exhibit by 2031?
The camera module assembly adhesives market is expected to exhibit a CAGR of 19.4% by 2031.
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Which are the driving factors of the camera module assembly adhesives market?
Miniaturization and Slimmer Designs and Compatibility with Different Substrates are drivers of this camera module assembly adhesives market.
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Which are the top companies operating in the camera module assembly adhesives market?
Dymax, DELO, Henkel, H.B. Fuller, NAMICS, Addison Clear Wave, ThreeBond, Ajinomoto Fine-Techno, Tex Year Industries, AVENTK, KY Chemical, ekisui, Longain New Materials, Chemence, and Panacol are key companies operating in the camera module assembly adhesives market.