Mobile Phone Camera Module Market REPORT OVERVIEW
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global mobile phone camera module market size was USD 30400 million in 2019 and market is projected to touch USD 70639.88 million by 2032 at CAGR 6.7% during the forecast period.
A mobile phone camera module is a compact electronic device that combines optical, electronic and mechanical techniques to convert optical images into electrical video signals. It is commonly used in digital imaging devices such as mobile phones, smart phones, tablets and other portable devices. CCM shines light through a lens system and uses an additional metal-oxide-semiconductor (CMOS) sensor to convert the light into electrical signals. Those signals are then processed and converted into digital data, allowing users to record and view captured images or videos on a screen. CCMs are essential components of today's digital cameras and play a vital role in capturing high-quality images and videos.
Technological advancements in the components and architecture of such modules and explosive growth in the smartphone and tablet markets are expected to drive industry growth. In addition, the demand for such electronic devices is expected to grow in the automotive and medical industries. Manufacturers offer image sensors based on two different detection technologies. CMOS image sensors are currently mostly used for the production of such devices and will replace the majority of CCD modules in the near future.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
During the COVID-19 pandemic, many factories in major economies were closed due to supply disruptions chains, difficulties in the availability of components, delivery delays and labor shortages. These factors led to production delays and increased costs. In addition, travel restrictions and social distancing measures have reduced the need for cameras in industries such as tourism and hospitality. On the other hand, the pandemic has accelerated the shift of consumers to online shopping, which has increased the demand for high-quality cameras from online retailers and online providers. This shift to online platforms has led to market growth.
LATEST TRENDS
"Technical Development Modules Resulted In Better Image Quality And Better Shooting Leading Market Expansion"
A notable trend in the CMOS camera module market has been the development of image stabilization technology. Manufacturers have greatly improved both optical image stabilization (OIS) and electronic image stabilization (EIS) technology. These stabilization technologies are integrated into the CMOS camera module (CCM) to minimize blur and improve image quality, especially in challenging conditions such as low light or video shooting. OIS uses physical mechanisms to compensate for camera shake, while EIS uses software algorithms to digitally stabilize captured images. With these stabilization functions implemented in the CMOS camera module (CCM), users can expect sharper, clearer and more stable images and videos, improving the overall photo and video experience. Sharing photos on social platforms has become a new trend where people share their activities on social networking sites. Social networking sites like Google Plus, Twitter, Facebook, Flickr, Instagram and WhatsApp are popular among users where they share pictures and share them on mobile phones. Therefore, consumers demand mobile cameras with good resolution and advanced features such as panorama mode, macro mode, effects, night vision mode, motion blur mode and sports mode. Moreover, this trend is expected to continue during the forecast period.
Mobile Phone Camera Module Market SEGMENTATION
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- By Type
Based on type the global market can be categorized into Below 8M, 8M-13M, Above 13M.
The 8-15 megapixel segments accounted for majority of the market in 2022. This segment is growing due to the increased use of high-resolution cameras for photography and recording. This option strikes a balance between image detail and file size, making it suitable for most consumer applications. In addition, advances in sensor technology and image processing enable better low-light performance and better overall image quality in this megapixel range, promoting its adoption in a variety of devices and applications.
- By Application
Based on application the global market can be categorized into IOS System, Android System, Other System.
The iOS camera app allows you to save photos and movies from both front and rear cameras.
The Android framework includes support for a variety of on-device cameras and camera features that let you capture images and videos within apps.
DRIVING FACTORS
"Rapid Expansion Of The Consumer Goods Market Will Boosts The Market Growth"
The rapid expansion of the consumer goods market has fueled the mobile phone camera module market growth. The mobile phone camera market is expanding due to the growing demand for the devices. Cell phone cameras are gaining popularity not only as digital cameras, but also in the medical, security and automotive industries. The mobile phone modular camera market is growing significantly due to the demand for high-resolution images and ever-evolving cameras. In addition, as the number of digital images increases, the demand for portable camera devices increases. Smartphones and laptops can take pictures using the mobile camera application. The rapid growth of the mobile phone camera module market is mainly due to the increasing demand for high resolution and multiple functions. As the number of businesses and homes equipped with security cameras increases, there is a high probability that the market for mobile camera modules will expand.
"Strong Growth In The Smartphone And Tablet Will Expand The Market"
Strong growth in the smartphone and tablet markets is expected to propel the global mobile phone camera module market growth during the forecast period. Camera modules are mainly used in electronic devices such as smartphones, tablets, digital cameras, web cameras and surveillance systems. However, the demand for smartphones and tablets is huge recently. Since the beginning of camera technology, camera modules have been developed from 1 mega pixels to about 13 megapixels. High-definition cameras installed in smartphones play a key role in smartphone sales. Nowadays, the camera is one of the most important features to sell smartphones and tablets. Consumers look for several features before buying a cell phone or tablet, and camera resolution is one of them.
RESTRAINING FACTORS
"Saturation Of The High-End Smartphone Market With Advanced Camera Modules Has Reduced The Demand For Incremental Improvements "
One factor holding the market back is the saturation of the high-end smartphone market. With flagships already offering advanced camera modules with high-resolution features and advanced features, it is possible that the need for incremental improvements in camera technology may diminish. Consumers may see limited benefit from paying a higher price for a more expensive CMOS camera module when the camera performance of their current devices is already adequate. Such saturation of the high-end market could lead to a slowdown in demand for high-end CCMs, which could affect the profitability and growth prospects of manufacturers targeting this segment.
Mobile Phone Camera Module Market REGIONAL INSIGHTS
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"Asia Pacific Region Dominating the Market due to Increasing Demand For Camera Modules"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific dominated the global mobile phone camera module market share in 2022. The region is a key player in the field of camera module due to several factors. It serves as a command center for leading smartphone and Electronics Company’s requirement of camera modules for these devices. The region and the expanding middle class and the growing purchasing power of consumers led to an increase in smartphone sales, which further increased the demand for modules. Other factors are driving the demand for camera modules is the presence of major camera module manufacturers, skilled labor benefits, and rapid urbanization in the Asia-Pacific region, promoting the adoption of surveillance cameras in security and smart city projects. These factors strengthen the region's position as a major hub for camera module manufacturing and innovation, driving market growth in the Asia-Pacific region.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The cloth wardrobe market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
- LG Innotek (Asia)
- Samsung Electro-Mechanics (South Korea)
- OFILM Group (China)
- Sunny Optical Technology (China)
- Sharp/Foxconn (Taiwan)
- Luxvisions Innovation Limited (China)
- Q Technology (Group)
- Truly Opto-electronics Ltd (U.K.)
- Cowell e Holdings Inc (Asia)
- Primax Electronics (Taiwan)
- JiangXi Holitech Technology (China)
- JIANGXI SHINETECH OPTICAL COMPANY LIMITED (China)
INDUSTRIAL DEVELOPMENT
January 2023: Morse Micro, a fast-growing Fabless semiconductor company focused on the Internet of Things (IoT) connectivity and leading electronics manufacturer Chicony Electronics has announced a strategic partnership to provide Wi-Fi CERTIFIED HaLow™ IP cameras on the market. Breakthrough in IoT security, collaboration improves scale and reliability of camera equipment thanks to the latest wireless technology.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 30400 Million in 2019 |
Market Size Value By |
US$ 70639.88 Million by 2032 |
Growth Rate |
CAGR of 6.7% from 2019 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the mobile phone camera module market expected to touch by 2032?
The global mobile phone camera module market is expected to reach USD 70639.88 million by 2032.
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What CAGR is the mobile phone camera module market expected to exhibit by 2032?
The mobile phone camera module market is expected to exhibit a CAGR of 6.7% by 2032.
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Which are the driving factors of the mobile phone camera module market?
Rapid expansion of the consumer goods and Strong growth in the smartphone and tablet are some of the driving factors of the mobile phone camera module market.
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What are the key mobile phone camera module market segments?
The mobile phone camera module market segmentation that you should be aware of, which include, Based on type the mobile phone camera module market is classified as Below 8M, 8M-13M, Above 13M. Based on application the mobile phone camera module market is classified as IOS System, Android System, Other System.