Market Size of Asia Pacific Smartphone Camera Module Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Smartphone Camera Module Market Analysis
The Asia-Pacific Smartphone Camera Module Market is expected to register a CAGR of over 7%, during the period from 2021 to 2026. The market for module cameras in smartphones is still growing, owing to the continuous innovations and technological upgradations, which range from reduction in the size of camera modules, the introduction of front-facing cameras and dual rear cameras, to the latest implementation of the 3D sensing camera module that would enable smartphones to become multi-sensor optronic interfaces.
- The smartphone camera modules have disrupted the digital still camera (DSC) market. The performance and complexity of camera modules have increased considerably, which explains the decline in compact camera sales. Dual and 3D sensing cameras are new ways to implement existing compact (or CMOS) camera module (CCM) technology and sustain growth by having more cameras per system.
- One factor driving the Asia-Pacific smartphone camera module market is the growing number of cameras per smartphone (in units). To improve the functionality and quality of images produced by smartphones and rising trends of front cameras, OEMs are shifting from single rear cameras to dual, triple, and quad-camera designs, resulting in increasing adoption of an average number of camera modules per smartphone.
- For instance, according to the statistics by photonicsViews, the introduction of dual-front and back cameras would increase the number of cameras per smartphone that is expected to be 2.7 cameras per phone on average by 2022.
- Smartphone cameras are expected to offer high image quality even in indoor and nighttime, high-resolution photography and video, optical image stabilization, zoom ability, and high-speed autofocus. Moreover, Sensor size is a crucial determinant of image quality in traditional cameras, and the same is true in smartphones. With the current trends, smartphone companies are now aggressively developing specific image sensors with unique features.
- A shift in consumer spending behavior due to the COVID-19 pandemic, coupled with the smartphone market nearing a point of saturation, witnessed the slowdown of smartphone sales in 2020.
APAC Smartphone Camera Module Industry Segmentation
The Asia-Pacific Smartphone Camera Module Market is Segmented by Country.
A smartphone camera module is used to take photos and videos from mobile devices and consists of a lens, a holder, a voice coil motor (VCM), an infrared ray (IR) filter, a sensor, a flexible printed circuit (FPC), and may include other additional components.
| By Country | |
| China | |
| India | |
| Rest of Asia-Pacific |
Asia Pacific Smartphone Camera Module Market Size Summary
The Asia-Pacific Smartphone Camera Module Market is experiencing robust growth, driven by continuous technological innovations and advancements in camera module designs. The market is witnessing a shift from single rear cameras to more complex configurations such as dual, triple, and quad-camera systems, enhancing the functionality and image quality of smartphones. This evolution is further propelled by the integration of advanced features like 3D sensing and periscope-based systems, which offer sophisticated optical zoom capabilities without compromising image quality. The increasing number of cameras per smartphone is a significant trend, as manufacturers strive to meet consumer demands for high-resolution photography and video capabilities, particularly in low-light conditions. The market's expansion is also fueled by the growing adoption of dedicated image signal processors, which enhance image quality and enable features like HDR and auto white balance.
The competitive landscape of the Asia-Pacific Smartphone Camera Module Market is dominated by major players such as LG Innotek Co., Ltd, Samsung Group, and OmniVision Technologies Inc., among others. These companies are at the forefront of developing cutting-edge camera technologies, including optical zoom modules and high-resolution CMOS image sensors. The market is characterized by strategic partnerships and technological collaborations, such as those between Valens Semiconductor and Sunny Optical Technology Group, aimed at advancing camera module capabilities. Despite the saturation of the smartphone market, the demand for innovative camera solutions remains strong, with companies like Huawei and OPPO leading the way in adopting new technologies like folding zoom modules. As consumer preferences continue to evolve, the market is poised for further growth, driven by ongoing advancements in smartphone camera technology.
Asia Pacific Smartphone Camera Module Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Evolution of Multiple Camera Approaches and Introduction of Advanced Camera Technologies
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1.2 Market Challenges
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1.2.1 Increasing Pricing Competition
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2. MARKET SEGMENTATION
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2.1 By Country
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2.1.1 China
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2.1.2 India
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2.1.3 Rest of Asia-Pacific
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Asia Pacific Smartphone Camera Module Market Size FAQs
What is the current Asia Pacific Smartphone Camera Module Market size?
The Asia Pacific Smartphone Camera Module Market is projected to register a CAGR of 7% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Smartphone Camera Module Market?
LG Innotek Co., Ltd., Sony Corporation, Samsung Electro-Mechanics Co., OmniVision Technologies Inc. and O-Film Group Co Ltd are the major companies operating in the Asia Pacific Smartphone Camera Module Market.
