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Camera Module Market - By Type (Single, Dual, Triple, Quad), By Focus Type (Autofocus, Fixed Focus), By Pixel (Upto 7 MP, Between 8 to 15 MP, Above 15 MP), By Application & Global Forecast, 2023 – 2032

  • Report ID: GMI6896
  • Published Date: Oct 2023
  • Report Format: PDF

Camera Module Market Size

Camera Module Market was valued at over USD 38.2 million in 2022 and is anticipated to grow at a CAGR of over 10.4% between 2023 and 2032. The rising use of IoT-based security & surveillance systems in different sectors is increasing the demand for high-resolution cameras that are equipped with advanced features such as motion detection, wide-angle lenses, high-quality video capturing, and night vision, among others. The demand is fueled by increased security concerns in the residential, commercial, and industrial sectors. IoT integration enables seamless connectivity, enhancing the overall system functionality. According to GSMA report 2023, the global IoT connections increased to over 5.3 billion in 2032 as compared to over 2.5 billion in 2022. The adoption of IoT-based security & surveillance solutions is expected to continue growing, driving the camera module industry.

Camera Module Market

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The camera module is an autonomous system, which is majorly designed for capturing photos and videos. It is used in smartphones, laptops, tablets, gaming devices, digital cameras, surveillance devices, medical imaging devices, advanced features of automobiles, and other industrial applications. They contain the necessary components, such as a lens and image sensors, to capture and process visual information, making it easy for users to take photos or video chat with friends and family.

The camera module market is facing significant challenges due to rising raw material costs. Increased prices for essential components such as image sensors, lenses, and connectors are impacting manufacturing expenses and eroding profit margins for camera module manufacturers. This cost pressure is not only affecting the profitability of existing products but also hindering the development of more advanced and affordable camera technologies.

COVID-19 Impact

During the COVID-19 pandemic period, many factories in major economies were shut down due to disruptions in the supply chains, difficulty in the availability of components, shipping delays, and labor shortages. These factors led to production delays and increased costs. Additionally, travel restrictions and social distancing measures reduced the need for cameras in industries such as tourism and hospitality. On the other hand, the pandemic accelerated the shift of consumers toward online shopping, which enhanced the demand for high-quality cameras among e-commerce and online shipping vendors. This shift toward online platforms resulted in market growth.

Camera Module Market Trends

The camera module industry is witnessing several notable trends, which include a focus on higher resolution and advanced features in smartphone camera modules such as periscope zoom lenses & under-display cameras. Smartphone manufacturers were increasingly focusing on multiple camera modules in their devices. Dual, triple, and quad-camera setups became more common, allowing for various functionalities such as wide-angle shots, telephoto zoom, depth sensing, and improved low-light performance.

The adoption of camera modules in emerging applications such as autonomous vehicles and healthcare is growing, driven by AI-driven image analysis. AI and machine learning technologies are being integrated into camera modules to enhance features like facial recognition, object tracking, and automated scene optimization. These technologies helped in delivering smarter and more intuitive camera experiences for users.

Finally, sustainability is a rising concern, leading to efforts to reduce the environmental impacts of camera module production and packaging. There is an increasing awareness of environmental sustainability. Manufacturers were exploring ways to make camera modules and their production processes more eco-friendly, including the use of recyclable materials and energy-efficient manufacturing methods.

Camera Module Market Analysis

Camera Module Market Size, By Pixel, 2021-2032 (USD Million)

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Based on pixel, the market is segmented into up to 7 MP, between 8 to 15 MP, and above 15 MP. The between 8 to 15 MP segment held a market share of 40% in 2022. This segment is experiencing growth due to the increasing use of high-resolution cameras for photography and recording. This range strikes a balance between image detail and file size, making it suitable for most consumer applications. Additionally, advancements in sensor technology & image processing allow for better low-light performance and improved overall image quality within this megapixel range, driving its adoption in various devices and applications.

Camera Module Market Share, By Product, 2022

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Based on type, the market is divided into single, dual, triple, and quad. The quad segment will experience a CAGR of over 10% through 2032. The quad-type camera module segment is currently experiencing significant growth in the consumer electronics industry owing to several factors:

  • The increasing demand for advanced smartphone cameras. Quad-camera setups allow for a variety of specialized lenses, such as wide-angle, telephoto, depth-sensing, and ultra-wide-angle lenses. This variety enhances the overall capabilities of the camera module, making it attractive to consumers who are increasingly using smartphones as their primary cameras.
  • Multiple lenses enable advanced photography features such as optical zoom, improved low-light performance, and better depth perception for portrait mode and augmented reality applications. As consumers demand better and more versatile photography options, quad-camera setups fulfill these needs.


China Camera Module Market Share By Region, 2021-2032 (USD Million)

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Asia Pacific dominated the global market with a share of over 35% in 2022. The region is a key player in the camera module market, driven by several factors. It serves as a manufacturing hub for leading smartphone and electronics companies, driving demand for camera modules in these devices. The region's expanding middle class and increasing consumer purchasing power have led to a surge in smartphone sales, further boosting module demand. The other factors boosting camera module demand are the presence of prominent camera module manufacturers, the benefits from a skilled workforce, and the rapid urbanization in Asia Pacific that is fueling the adoption of surveillance cameras in security & smart city initiatives. These factors are solidifying the region’s position as a vital production & innovation hub for camera modules, thereby propelling market growth in Asia Pacific.

Camera Module Market Share

Major players operating in the camera module industry are:

  • ams AG
  • Chicony Electronics Co., Ltd.
  • Intel
  • Kyocera Corporation
  • LG Innotek
  • MCNEX Co., Ltd.
  • OFILM Group Co., Ltd.
  • OmniVision
  • Onsemi
  • Q Technology
  • Rayprus Holding Ltd. (Foxconn)
  • Samsung Electro-Mechanics
  • Sony Corporation
  • STMicroelectronics N.V.
  • Sunny Optical Technology (Group)
  • Toshiba Corporation

The competitive landscape in the camera module business is intense with key players, such as Sony, Samsung, and OmniVision, dominating it. Increasing investments in facility centers & acquisitions by industry participants are expected to expand their foothold in the commercial industry. Similarly, significant spending on R&D to gain technological competitiveness and aggressive business strategies, such as technology launches, collaborations, and long-term agreements, to capture market share are positively impacting the camera module industry expansion.

Camera Module Industry News

  • In January 2023, Morse Micro, a fast-growing fabless semiconductor company focused on Internet of Things (IoT) connectivity, and leading electronics manufacturer Chicony Electronics announced a strategic partnership to deliver Wi-Fi CERTIFIED HaLow™ IP cameras to market. A breakthrough in IoT security, the collaboration will improve the range and reliability of camera equipment through cutting-edge wireless technology.

The Camera Module market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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By Type

  • Single
  • Dual
  • Triple
  • Quad

By Focus Type

  • Autofocus
  • Fixed Focus

By Pixel

  • Upto 7 MP
  • Between 8 to 15 MP
  • Above 15 MP

By Application

  • Consumer Electronics
  • Smartphone
  • Tablet
  • Cameras
  • Gaming Devices
  • Others 
  • Automotive
  • Industrial
  • Security & Surveillance
  • Aerospace & Defense
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA


Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for camera module was valued at over USD 38.2 million in 2022 and is anticipated to grow at a CAGR of over 10.4% between 2023 and 2032, owing to the rising use of IoT-based security & surveillance systems in different sectors.
The between 8 to 15 MP segment held a market share of 40% in 2022 and will continue to witness demand due to the increasing use of high-resolution cameras for photography and recording, where image detail and file size are optimal.
Asia Pacific market for camera module held over 35% revenue share in 2022. The region serves as a manufacturing hub for leading smartphone and electronics companies, which along with expanding middle class and increasing consumer purchasing power boost the product demand.
OmniVision, Onsemi, Q Technology, Rayprus Holding Ltd. (Foxconn), Samsung Electro-Mechanics, Sony Corporation, STMicroelectronics N.V., Sunny Optical Technology (Group), and Toshiba Corporation among others.

Camera Module Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 315
  • Countries covered: 21
  • Pages: 200
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