FARMINGTON, April 26, 2023 (GLOBE NEWSWIRE) — The cellular phone camera module market was valued at US$58.391 billion in 2022 and is projected to grow by US$181.11 billion by 2030, at a CAGR of 15.2% from 2023 to 2030. Key Factors Growth drivers of this market include robust growth in smartphones and tablets, continuous improvement in camera resolution, technology diffusion and increasing demand for smartphones and tablet computers, demand for high-resolution cameras in the military and satellite imaging and the increasing popularity of social networking applications.
Request Sample Copy of Report Cell Phone Camera Module Market Size, Share and Trends Estimation Reports by Type Outlook (CCD, CMOS, Under 8M, 8M-13M, Over 13M, Others), By Application Outlook (IOS System, Android System, Other ), By Regions and Forecasts, 2023 – 2030″. published by Contrive Datum Insights.
Cell Phone Camera Modules market is segmented by type into CCD, CMOS, Under 8M, 8M-13M, Over 13M and Other categories.
Based on application, the global cell phone camera module market can be segmented into mobile, consumer electronics (excluding cell phones), automotive, healthcare, security and industrial.
According to the report, the Asia-Pacific region is expected to take the largest geographic market share due to the rapid increase in demand for consumer electronics equipment and the increasing demand for high-quality cameras for a variety of applications.
North America and Europe are also expected to capture a large market share due to the presence of a large number of significant suppliers in these regions.
Latin America, the Middle East and Africa are expected to offer growth opportunities for the mobile camera module market due to the increasing demand for consumer electronics devices and the increasing adoption of smartphones and tablets in these regions.
It is important to consider the specific local factors when analyzing the cell phone camera module market in each region as the market conditions and trends can vary significantly from region to region and even country to country.
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Scope of the report:
Report AttributesDetailsGrowth RateCAGR of 15.2% from 2023 to 2030.Revenue Forecast to 2030 $181.11BBy Type CCDCMOSUnder 8M8M-13MAAbove 13MAOther by Application IOS SystemAndroid SystemOther by Company SamsungSunny OpticalPrimaxGSEOFUJINONKOLENDIOSTECHHynixSONYAPTINAOmni VisionLITEONTISHICON Apple Inc. Regions and countries covered North America: (USA, Canada , Mexico, Rest of North America)Europe (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)Asia Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia- Pacific) Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, Rest of Middle East and Africa) Latin America (Brazil, Argentina, Rest of Latin America) Rest of World Base Year 2022 Historical Year 2017 to 2022 Forecast Year 2023 to 2030
There are a number of challenges that might slow down the expansion of the global cellphone camera module market. Key limitations include:
Camera Module Capacity Constraints: The global camera module market growth is expected to be constrained by the camera module capacity constraints during the forecast period. Maintaining supply and demand for camera modules for mobile phone providers is a significant market challenge. In addition, a camera module consists of over 10 components, including a lens, an actuator, a VCM and an image sensor. In most cases, these components are provided by third parties.
The high cost of deploying multi-camera systems: The high cost of deploying multi-camera systems in vehicles is expected to restrain the growth of the global camera module market during the forecast period. The vehicle’s camera modules are of the highest quality. Due to the high cost of these cameras, only luxury vehicles are equipped with them.
There are a number of promising new avenues for development and expansion in the international cell phone camera module market. Consider some of the most promising prospects:
Signing new contracts with mobile phone manufacturers: could offer your company numerous new opportunities. Manufacturers of mobile phones, tablet computers, surveillance systems, medical devices and automobiles are market end users. The cameras of smartphones and tablet computers are the most used of all possible applications. Due to the fragmentation of the market, there is intense competition between companies selling camera equipment for new contracts.
The proliferation of applications in the automotive and military industries: The automotive industry is a rapidly growing market for camera units. This expansion is largely due to government implementation of regulations across multiple disciplines. In the past, governments have prioritized driver safety. The government and car manufacturers have taken steps to improve driving and reduce traffic accidents. Reversing cameras are integrated into high-end vehicles. The Audi A6 and A8 are equipped with a camera that allows the driver to see the area behind the vehicle.
Key segments covered:
Top Market Players:
SamsungSunny OpticalPrimaxGSEOFUJINONKOLENDIOSTECHHynixSONYAPTINAOmni VisionLITEONTISHICONApple Inc.
CCDCMOSBelow 8M8M-13MAAbout 13MAothers
IOS systemAndroid systemOther
Regions and countries covered
North America: (US, Canada, Mexico, rest of North America) Europe: (Germany, France, Italy, Spain, UK, Nordic countries, Benelux, rest of Europe) Asia Pacific: (Japan, China, India, Australia, South Korea , Southeast Asia, Rest of Asia Pacific) Middle East & Africa: (Saudi Arabia, United Arab Emirates, Egypt, South Africa, Rest of Middle East & Africa) Latin America: (Brazil, Argentina, Rest of Latin America )Rest of World
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