The global camera module market is expected to grow significantly in the coming years due to increasing demand for camera modules in various applications such as smartphones, tablets, laptops, and other consumer electronic devices. Other factors driving the market growth include the adoption of advanced imaging technologies, increasing use of cameras for security and surveillance, and the growing trend of remote working and online education.
According to a report published by MarketsandMarkets, the camera module market is expected to reach $24.6 billion by 2024, at a CAGR of 14.1% during the forecast period from 2019 to 2024.
The camera module market segmented based on the following areas:
1. Camera Module Market Based on Technology
The camera module market is segmented based on technology, and the two main technologies used in camera modules are CMOS (Complementary Metal-Oxide-Semiconductor) and CCD (Charge-Coupled Device).
• CMOS Technology
CMOS technology is expected to dominate the camera module market due to its various advantages such as low power consumption, high performance, and low cost. CMOS sensors use an active pixel sensor (APS) to capture images, which allows them to be read faster than CCD sensors. Additionally, CMOS technology allows for on-chip processing of the captured image, which can reduce the cost and power consumption of the device.
• CCD Technology
CCD technology is still used in some camera modules, particularly in high-end cameras, due to its high image quality and low noise. However, CCD sensors are more expensive to manufacture than CMOS sensors and require more power to operate, which has limited their adoption in some applications.
Overall, CMOS technology is expected to dominate the camera module market due to its advantages in terms of cost, power consumption, and performance.
2. Camera Module Market Based on Application
The camera module market is segmented based on application, and the main applications for camera modules are smartphones, tablets, laptops, and other consumer electronic devices.
Smartphones are expected to be the largest application segment for camera modules due to the increasing demand for camera-based features such as facial recognition and augmented reality. The increasing popularity of smartphone photography is also driving the demand for high-quality camera modules in smartphones.
Tablets are also a significant application for camera modules, as they are used for various applications such as video conferencing and online education. Laptops and other consumer electronic devices, such as digital cameras and security cameras, are also important applications for camera modules.
Overall, the demand for camera modules is expected to be driven by the increasing use of cameras in various applications and the adoption of advanced imaging technologies.
3. Camera Module Market Based on Geography
The camera module market is segmented based on geography, and the main regions for the camera module market are North America, Europe, Asia Pacific, and the Rest of the World.
• Asia Pacific
Asia Pacific is expected to be the largest market for camera modules due to the presence of a large number of manufacturers and the increasing demand for camera modules in various applications such as smartphones and tablets. China is the largest market in the region, followed by South Korea, Japan, and Taiwan.
• North America
North America is also a significant market for camera modules, with the United States being the largest market in the region. The demand for camera modules in North America is driven by the adoption of advanced imaging technologies and the increasing use of cameras for security and surveillance.
• Europe
Europe is also a significant market for camera modules, with Germany, the United Kingdom, and France being the major markets in the region. The demand for camera modules in Europe is driven by the increasing use of cameras in various applications such as smartphones and tablets.
Overall, the camera module market is expected to witness strong growth in the coming years due to increasing demand for camera modules in various applications and the adoption of advanced imaging technologies.
