According to a new report, published by KBV research, The Global Camera Modules Market size is expected to reach $78.2 billion by 2030, rising at a market growth of 9.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 857.8 million units, experiencing a growth of 2.5% (2019-2022).
The Parallel segment is showcasing a CAGR of 10.4% during (2023 - 2030). The use of camera modules in industrial and automotive applications, such as machine vision and advanced driver-assistance systems (ADAS), often requires parallel interfaces to ensure real-time data processing and low latency. Technological advancements in parallel interface technologies, such as MIPI CSI (Camera Serial Interface) and others, may drive the adoption of parallel interfaces in camera modules, making them more power-efficient and capable of handling higher data rates. These factors will propel the expansion of parallel segment in the future.
The Fixed Focus segment is leading the Global Camera Modules Market by Focus Type in 2022 thereby, achieving a market value of $44.2 billion by 2030. Fixed-focus camera modules are typically less expensive to manufacture compared to autofocus or zoom modules. This has made them a popular choice for budget and mid-range smartphones, which are experiencing strong demand globally. Manufacturers are working on enhancing the image quality of fixed-focus modules through advancements in sensor technology, image processing, and optical design. This allows fixed-focus cameras to produce better images in various lighting conditions. As a result, the demand for autofocus camera modules is expected to rise in the upcoming years.
The 8 - 13 MP segment has shown the high growth rate of 9.6% during (2023 - 2030). The 8-13 MP segment falls within the mid-range resolution category. It has traditionally been popular for rear-facing smartphone cameras and other applications where a balance between image quality and cost is important. The smartphone industry is one of the largest consumers of camera modules. Within this market, the 8-13 MP camera segment often serves as the primary rear camera in mid-range devices. Consumers increasingly demand better camera quality, even in mid-range smartphones, which has driven the growth of this segment.
The Image Sensors segment has acquired the highest revenue share in the Global Camera Modules Market by Component in 2022 thereby, achieving a market value of $30.4 billion by 2030. The growth of image sensors in the camera modules market is propelled by the increasing demand for high-quality cameras in various consumer and industrial applications. This includes smartphones, digital cameras, automotive cameras, surveillance cameras, and more. Image sensor technology has been advancing rapidly, improving resolution, sensitivity, dynamic range, and low-light performance. Owing to these benefits, the segment is expected to grow rapidly in the coming years.
The Automotive segment would witness a CAGR of 10.1% during (2023 - 2030). Governments and regulatory bodies worldwide are increasingly mandating the inclusion of advanced safety features in automobiles. These features include advanced driver-assistance systems (ADAS) and backup cameras, which rely on camera modules for their functionality. Consumers are becoming more conscious of vehicle safety features, and many are willing to pay extra for vehicles equipped with advanced camera-based safety technologies. This increased consumer demand drives the adoption of camera modules in the automotive sector. As a result, the segment will expand in the future.
The Asia Pacific region dominated the Global Camera Modules Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $33.6 billion by 2030. The Europe market is poised to grow at a CAGR of 9% during (2023 - 2030). Additionally, The North America market would display a CAGR of 8.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/camera-modules-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hon Hai Precision Industry Co., Ltd., Sony Corporation, Intel Corporation, Samsung Electro-Mechanics Co., Ltd. (Samsung Electronics Co., Ltd.), Fujifilm Holdings Corporation, OmniVision Technologies, Inc. (OmniVision Group-Shanghai Weir Semiconductor Co., Ltd.), ams-OSRAM AG, STMicroelectronics N.V., Sharp Corporation, and ON Semiconductor Corporation.
By Interface (Volume, Million Units, USD Million, 2019-2030)
By Focus Type (Volume, Million Units, USD Million, 2019-2030)
By Pixel (Volume, Million Units, USD Million, 2019-2030)
By Component
By Industry (Volume, Million Units, USD Million, 2019-2030)
By Geography (Volume, Million Units, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
