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The CMOS camera module market is estimated to grow by USD 21.24 billion at a CAGR of 10.53% between 2022 and 2027. The growing popularity of social media applications is driving demand for smartphones and tablets, as consumers seek devices that can support their social media usage. The rise in automation across industries is driving demand for smartphones and tablets, as they are often used as interfaces for automated systems. Additionally, the growing demand for smartphones and tablets in emerging markets is driven by factors such as increasing disposable income and improving access to technology. These technologies enable users to engage in social networking activities by exchanging information and ideas through diverse audio and video formats. Leading platforms such as Facebook, Snapchat, Twitter, and Google+ play a significant role in driving market expansion owing to their widespread popularity and extensive user base.
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This report extensively covers market segmentation by application (consumer electronics, automotive, surveillance cameras, factory automation, and others), type (5MP to 13MP, above 13MP, and below 5MP), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market share growth by the consumer electronics segment will be significant during the forecast period. Integration of CMOS camera modules into smartphones by smartphone OEMs is expected to drive the demand for CMOS camera modules for consumer electronics. The demand for high-resolution cameras and more pixels, which can generate efficient imaging workflows and help in geo-mapping and earth imaging, is high. These camera modules are now using CMOS image sensors instead of CCD image sensors, thus driving the growth of the global CMOS camera module market. A strong demand for CMOS camera modules from the consumer electronics segment is expected during the forecast period.
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The consumer electronics segment was valued at USD 15.82 billion in 2017 and continued to grow by 2021. The consumer electronics sector generated substantial revenue in 2020 because of a large consumer base for consumer electronic products such as smartphones, tablets, PCs, digital cameras, gaming consoles, and TVs, which use CMOS camera modules. Wearable cameras such as Autographer, GoPro, and Garmin are gaining popularity among users for underwater recording, snowboarding, and dirt bike riding. Low-cost CMOS camera modules are replacing CCD camera modules that were initially used in consumer electronics like medium-format cameras. Medium-format cameras used CCD sensors initially because of their high light sensitivity and high quality. Hasselblad is a renowned Swedish company that manufactures medium-format cameras. Such factors will increase the market growth during the forecast period.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the market in North America is expected to be driven by the consumer electronics devices, automotive, industrial, and commercial sectors. The integration of camera modules with human-machine interface (HMI) technologies, such as air gesture and facial recognition, by major consumer electronics devices OEMs in the region, such as Apple, Microsoft, and Google, is driving the growth of the market in the region.
The integration of optical, electronic, and mechanical technologies has revolutionized the field of digital imaging devices, particularly in mobile phones, smartphones, and tablets. These devices utilize sophisticated lens systems and CMOS image sensors to convert electronic video signals into high-quality images and videos. Features such as optical image stabilization (OIS) and electronic image stabilization (EIS) reduce blurring, especially in low-light environments, enhancing the quality of recorded videos. The trend towards miniaturization has led to thinner modules, enabling slim smartphones and compact devices. Advanced packaging techniques allow for smaller form factors, facilitating multiple camera configurations like dual, triple, and quad-camera setups in modern digital cameras. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising popularity of social media applications is a key factor driving the growth of the global market. Social media platforms facilitate social networking activities through the exchange of information and ideas via various audio and video formats. Leading platforms like Facebook, Snapchat, Twitter, and Google+ drive the market's growth with their widespread popularity.
The increasing traction of social networking apps fuels the demand for camera modules in consumer electronics like smartphones, tablets, and digital cameras. This surge stems from the rising trend of capturing high-resolution images and videos, particularly for sharing on social media platforms. This trend is driven by the increasing capabilities of digital imaging devices, including those integrated into mobile phones, smartphones, tablets, and other mobile devices. With features like optical image stabilization (OIS) and electronic image stabilization (EIS), modern camera modules enhance image quality, even in challenging environments. Additionally, advancements in miniaturization and packaging techniques enable thinner, more compact camera modules, catering to the evolving demands of slim smartphones and compact devices. The advancement of lens systems in these devices has also played a significant role in enabling users to capture high-quality images and videos for sharing on social media. The integration of multiple camera configurations, including dual, triple, and quad-camera setups, further augments the appeal of these devices for social media enthusiasts.
The high adoption of flip-chip camera modules is the primary trend in the global market growth. The number of electronic packages using flip-chip technology has increased rapidly. With the ongoing expansion of the internet, mobile phones, PDAs, desktop computers and laptops, digital camcorders, digital cameras, and other consumer electronics, the flip-chip revolution is gaining traction in the market. Flip-chip, also known as controlled collapse chip connection or C4, is a method for interconnecting semiconductor devices such as integrated circuits (ICs) and microelectromechanical systems (MEMS) to external circuitry with solder bumps that were deposited onto chip pads.
A key advantage of flip-chip technology is the smaller size, as flip-chip packages do not need peripheral space for wire bonds. Another key advantage is improved performance. The technology offers faster signals and better high-frequency characteristics. It also provides an increased number of I/Os, along with the concentration of more signal and power connections in a smaller area. An external heat sink can be added above the chip to remove heat. Cowell, one of the prominent companies, earlier testified that it highly benefitted due to its flip-chip camera module. Thus, the increasing adoption of the flip-chip camera module is expected to support the growth of the market during the forecast period.
Complex supply chains pose a major challenge to the growth of the global market. Manufacturers of camera modules must comply with international standards when developing and manufacturing modules. The operations of these companies are becoming increasingly complex due to issues such as traceability and compliance. In the manufacture and sale of camera modules, the main processes such as procurement, production, and sales do not function as independent processes. These are highly dependent on external factors such as markets, customers, and suppliers.
As a result, these have to be aligned properly for the product to become profitable for the producer and the customer. The CMOS camera module manufacturers are highly dependent on CMOS image sensor manufacturers and camera lens manufacturers. A slight delay from the supplier side will affect the whole supply chain process. This can become a major challenge for the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Huiber Vision Technology Co. Ltd.- The company offers CMOS camera modules such as CMOS micro camera modules. Also, this company focuses on designing and manufacturing professional USB camera modules.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is experiencing reduced demand due to saturation in the high-end smartphone market. However, the need for digital connectivity and enhanced camera capabilities is driving growth in areas such as video conferencing, online education, and entertainment. Consumers seek improved image quality and an enhanced photography experience, leading to the integration of technologies like image stabilization, wide-angle, telephoto, and depth-sensing cameras. Despite challenges, advancements in optical zoom, portrait mode, and depth-of-field effects are expanding the market's versatile photography capabilities. To maintain profitability, manufacturers are focusing on technological advancements and efficient manufacturing infrastructure.
The market faces challenges due to lower-than-anticipated demand, attributed to factors such as travel restrictions, economic uncertainties, and a decline in smartphone sales. Despite advancements like higher-resolution sensors and resolutions up to 48MP and 64MP, consumer expectations for sharper and more detailed images drive innovation. However, the market is constrained by limited value in higher-priced advanced camera modules. To maintain its dominant position, the industry focuses on enhancing image stabilization technology and improving image clarity for tasks like recording videos and enabling effective cropping and zooming.
The market, integral to mobile devices, relies on complementary metal-oxide-semiconductor (CMOS) image sensors to convert light into electrical signals and process them into digital data for display. The industry has seen advancements in megapixel counts and resolutions, reaching up to 48MP and 64MP, driven by consumer demand for higher-quality images. However, the market faces challenges due to the saturation of the high-end smartphone market, leading to reduced demand and higher prices. Despite these challenges, the market continues to innovate to maintain growth prospects and meet evolving consumer expectations.
CMOS Camera Module Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.53% |
Market growth 2023-2027 |
USD 21.24 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.67 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 42% |
Key countries |
US, China, South Korea, Japan, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Balluff GmbH, e-con Systems Inc., Huiber Vision Technology Co. Ltd., IDS Imaging Development Systems Gmbh, Jenoptik AG, LG Electronics Inc., Mcnex Co. Ltd., MISUMI Electronics Corp., Nikon Corp., NXP Semiconductors NV, OMNIVISION Technologies Inc., Panasonic Holdings Corp., PCE Holding GmbH, Samsung Electronics Co. Ltd., Sharp Corp., SK HYNIX Inc., Sony Group Corp., STMicroelectronics NV, Teledyne Technologies Inc., and ON Semiconductor Corp. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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