The global camera modules market was valued at USD 33.7 billion in 2020 and is estimated to reach USD 58.5 billion by 2026, registering a CAGR of 10.5% during the forecast period. Increasing end-user demand for consumer electronics, rising public safety and security concerns leading to adoption of surveillance cameras and growth of digital technology has led to tremendous innovations in automotive industry are the major driving factors for the growth of the camera modules market.

"The market for the image sensors segment is expected to grow at the highest CAGR during the forecast period."
The market for the image sensors segment is expected to grow at the highest CAGR during the forecast period. The key factors contributing to the growth of the image sensor segment are the rising demand for small HD camcorders and smartphones, advancements in digital technology, coupled with rising concerns about security and surveillance among consumers Key players in the camera modules market are also adopting organic growth strategies to strengthen their camera modules product portfolio.

"The market for the above 13 MP segment is expected to grow at the highest CAGR during the forecast period."
The above 13 MP is expected to grow at the highest CAGR during the forecast period. The rising need for better image quality from end users drives the growth of the camera modules market for cameras with higher megapixels. Further, the increasing shift to high-resolution camera modules, especially in machine vision systems is driven by improved technology and the price decline of these camera components and modules has fostered the growth of the market.

"The fixed focus segment of the camera modules market is projected to record the highest CAGR during the forecast period."
The fixed focus segment of the camera modules market is projected to record the highest CAGR during the forecast period owing to the earlier trends of cameras in smartphones showing the use of mainly fixed focus camera modules; as they were a less expensive option and did not require the use of electronics, moving parts, and electricity. The automotive and security and surveillance sectors are largely expected to adopt fixed-focus camera modules. The adoption is likely to continue in night vision applications and medical microscopes.

"The market for the camera modules with serial interfaces segment is expected to grow at the highest CAGR during the forecast period."
The camera modules with serial interfaces is expected to grow at the highest CAGR during the forecast period. In mobile applications, an application processor uses a camera serial interface (CSI) to provide low-power and low-cost interfaces to cameras. A few of its benefits are widespread adoption for its ease of use and the ability to support a broad range of high-performance applications, including 1080 p, 4 K, 8 K and beyond video, and high-resolution photography.

"The consumer electronics industry end user held the largest share of the camera modules market, and this trend is expected to continue during the forecast period."
The consumer electronics industry held the largest size of the camera modules market in 2020 and a similar trend is likely to be observed during the forecast period. The key factor contributing to the growth of this segment is the increasing safety concerns among automobile manufacturers. The adoption of camera modules in advanced driver assistance systems (ADAS) with the growing trend for autonomous vehicles provides opportunities for market growth.

"Based on region, APAC held the largest share in 2020 and is expected to account for the highest CAGR of the camera modules market by 2026."
In 2020, the camera modules market in APAC held the largest share and by 2026, it is expected to grow at the highest CAGR during the forecast period. The market is driven by developments in camera modules by various APAC-based companies such as LG Innotek, OFILM Group Co., Ltd., Sunny Optical Technology (Group) Co., Ltd., Hon Hai Precision Inc. Co., Ltd. (Foxconn), Samsung Electro-Mechanics, Q Technology, and Luxvision Innovation Limited. The increasing population and rising penetration of smartphones in countries in APAC are expected to further drive the camera modules market in the near future. The region’s several countries’ governments are taking initiatives about safety norms in automotive vehicles are creating demand for camera modules for the automotive sector.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing managers, and other executives from various key organizations operating in the camera modules marketplace.

  • By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
  • By Designation: C-level Executives – 32%, Managers – 40%, and Others – 28%
  • By Region: North America – 37%, Europe – 40%, APAC – 15%, and RoW – 8%


LG Innotek (South Korea), OFILM Group Co., Ltd. (China), Sunny Optical Technology (Group) Co., Ltd. (China), Hon Hai Precision Inc. Co., Ltd. (Foxconn) (Taiwan), Samsung Electro-Mechanics (South Korea), Q Technology (China), ams AG (Austria), Chicony Electronics Co., Ltd (Taiwan), MCNEX Co., Ltd. (South Korea), are some of the key players in the camera modules market.

The study includes an in-depth competitive analysis of these key players in the camera modules market, with their company profiles, recent developments, and key market strategies.

Research Coverage
The report defines, describes, and forecasts the camera modules market based on type, technology, offering, end user, and region. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the camera modules market. It also analyzes product launches, expansions, partnerships, collaborations, and acquisitions, carried out by the key players to grow in the market.

Key Benefits of Buying the Report
This report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall camera modules market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.