Market Size of Compact Camera Module Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 10.20 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Compact Camera Module Market Analysis
The compact camera module market is expected to grow at a CAGR of 10.2% over the forecast period. The pandemic has positively impacted the market despite disruptions in the supply chain due to constant lockdowns and changing government regulations around the globe. Moreover, the pandemic triggered the increasing demand for disposable bronchoscopes in healthcare that uses small-sized camera modules.
- In the current scenario, being a part of the mobile manufacturing market supply chain is a key factor for success in the CCM market. For instance, the Korean ecosystem has observed sustained development due to the presence of Samsung and LG.
- The average selling price of the camera modules has continuously declined over the past few years. Along with that, the need for rapid innovations in the camera module is assisting in retaining dominance with the critical players in the market.
- The application of CCM in the automotive for advanced driving assistance and automotive electronics is driving the market for a compact camera module. The innovation in the CCM design has benefited the rising application in automobiles.
- A significant driver for this market has been the emergence of the automotive compact camera module as an integral factor for automated driving, automotive electronics, and advanced driver assistance. This is also reducing the average selling price of these compact modules. Therefore, the increasing demand for connected and autonomous vehicles will also offer a massive opportunity to the studied market vendors during the forecast period.
- Additionally, the demand for CMOS camera modules is increasing rapidly. CMOS sensors offer various advantages over CCD sensors, such as low power consumption, faster frame rate, ease of manufacturing, and low cost. Moreover, the advancements in CMOS design, like miniaturization, make it possible to achieve better performance and quality of images even in low light conditions.
- According to Sony Corporation, the COVID-19 pandemic has had a minimal effect on the production of image sensors (particularly CMOS image sensors), including any impact on the procurement of materials. However, owing to the aforementioned factors, the company only expects to take a hit in terms of supply chain issues for smartphone manufacturers. This has been positive news for end users that rely on Sony chips, as they need not face any issues in procuring image sensors for their latest products.
Compact Camera Module Industry Segmentation
The scope of the study for the compact camera module has considered both fixed and automatic focus modules and their respective applications in a wide range of end-user verticals globally. A camera module comes with image pre-processing, a software package (or software development kit - SDK) for the operation and control of the module, APIs for the programming, all desired drivers, comprehensive documentation, and sometimes even a support hotline. The report further covers the impact of COVID 19 on the market.
By Component | |
Image Sensor | |
Lens | |
Camera Module Assembly | |
VCM Suppliers (AF and OIS) |
By Application | |
Mobile | |
Consumer Electronics (Excl. Mobile) | |
Automotive | |
Healthcare | |
Security | |
Industrial |
By Geography | |
North America | |
Europe | |
Asia Pacific | |
Rest of the World |
Compact Camera Module Market Size Summary
The compact camera module (CCM) market is poised for significant growth, driven by its integration into various sectors such as mobile devices and automotive industries. The market has shown resilience during the pandemic, with increased demand for small-sized camera modules in healthcare applications like disposable bronchoscopes. The mobile segment dominates the market, fueled by the rising consumer demand for high-resolution cameras and the trend of multiple camera setups in smartphones. Despite the smartphone market reaching maturity, advancements in sensor technology and the push for enhanced camera features continue to drive the demand for CCMs. The automotive sector's shift towards connected and autonomous vehicles further propels the market, as CCMs become essential for advanced driver assistance systems and automated driving solutions.
The market landscape is characterized by intense competition and fragmentation, with key players focusing on product innovation, strategic partnerships, and expansions to maintain their market positions. The decline in average selling prices of camera modules, coupled with rapid technological advancements, has made CCMs more accessible and appealing across various applications. Regions like China and India are witnessing a surge in smartphone penetration, while initiatives like smart city projects in China are boosting the demand for video surveillance solutions, thereby enhancing the adoption of CCMs. Companies such as LG Innotek and Chicony Electronics are investing in expanding production capabilities to meet the growing demand, while collaborations and product launches continue to shape the competitive dynamics of the market.
Compact Camera Module Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power Of Suppliers
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1.2.2 Bargaining Power Of Buyers
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1.2.3 Threat Of New Entrants
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1.2.4 Threat Of Substitutes
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1.2.5 Intensity Of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Impact Of Covid-19 On The Market
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2. MARKET SEGMENTATION
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2.1 By Component
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2.1.1 Image Sensor
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2.1.2 Lens
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2.1.3 Camera Module Assembly
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2.1.4 VCM Suppliers (AF and OIS)
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2.2 By Application
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2.2.1 Mobile
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2.2.2 Consumer Electronics (Excl. Mobile)
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2.2.3 Automotive
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2.2.4 Healthcare
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2.2.5 Security
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2.2.6 Industrial
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2.3 By Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia Pacific
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2.3.4 Rest of the World
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Compact Camera Module Market Size FAQs
What is the current Compact Camera Module Market size?
The Compact Camera Module Market is projected to register a CAGR of 10.20% during the forecast period (2024-2029)
Who are the key players in Compact Camera Module Market?
Chicony Electronics Co. Ltd, Cowell E Holdings Inc., Fujifilm Corporation, LG Innotek Co. Ltd and LuxVisions Innovation Limited (Lite-On Technology Corporation) are the major companies operating in the Compact Camera Module Market.