Press release
Camera Modules Market Analysis Report, Growth Rate And Forecast 2024-2033
The camera modules market size has grown strongly in recent years. It will grow from $49.07 billion in 2023 to $53.6 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to consumer electronics growth, automotive integration, surveillance systems, medical imaging devices, rising social media usage.
The camera modules market size is expected to see strong growth in the next few years. It will grow to $78.45 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to smart home devices, telemedicine growth, environmental monitoring, shift towards multiple camera setups, rising popularity of action cameras and drones. Major trends in the forecast period include advancements in image sensor technology, computational photography, adoption of 3D cameras, AR and VR technologies, remote work and virtual collaboration.
Market Overview -
The camera module is used to capture photographic or videographic images and consist of an image sensor, lens, IR filters, image processors, and other additional components. The camera module is an integral part of the digital camera system and is built into the camera itself. The size and power consumption of the camera depend on the camera module.
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The Surge In Automated And Semi-Automated Cars Propels Growth In The Camera Module Market
The rising popularity of automated and semi-automated cars is significantly contributing to the growth of the camera module market. Automated and semi-automated cars are the most advanced cars, having an autonomous driving system (ADS) which uses artificial intelligence, integrated cameras, and other software to perform all driving tasks on behalf of drivers or provide certain driving assistance like active steering, breaking, and acceleration based on roads and other environmental conditions. Camera modules are highly used in automotive camera systems, which are an integrated part of the Autonomous Driving System (ADS) to provide high-definition imaging to process data for driving cars autonomously. For instance, in June 2023, according to the Zipdo, a Germany-based meeting management and productivity software, around 8 million units of semi-autonomous or fully autonomous vehicles are expected to be sold globally by 2026. Therefore, the rise in popularity of automated and semi-automated cars is expected to propel the growth of the camera module market over the coming years.
Competitive Landscape -
Major companies operating in the camera modules market report are Hon Hai Precision Industry Co. Ltd., Intel Corporation, Pixelplus Co. Ltd., BYD Electronic (International) Company Limited, Panasonic Corporation, SK Hynix Inc., Toshiba Electronic Devices & Storage Corporation, Fujifilm Corporation, Sharp Corporation, STMicroelectronics N.V., LG Innotek Co. Ltd., Hikvision Digital Technology Co. Ltd., On Semiconductor Corporation, Sony Corporation, Samsung Electro-Mechanics Co. Ltd., LITE-ON Technology Corporation, Sunny Optical Technology (Group) Company Limited, Chicony Electronics Co. Ltd., FICOSA International S.A., Primax Electronics Ltd., OFILM Group Co. Ltd., OmniVision Technologies Inc., Himax Technologies Inc., Cowell Electronics Holdings Inc., Partron Co. Ltd., MCNEX Co. Ltd., Aptina Imaging Corporation, Pixelworks Inc., AMS Technologies AG, TruTag Technologies Inc., Largan Precision Co. Ltd., Canatu Oy
Strategic Partnerships And Collaborations In The Camera Module Market
Strategic partnerships and collaborations are the key trends being followed by the companies operating in the camera module market. This is due to the presence of a large number of camera module manufacturing companies operating in the market and their desire to extend their growth into new areas of the market. For instance, in March 2021, OnePlus, a China-based smartphone manufacturing company, and Hasselblad, a Sweden-based camera manufacturing company, formed a strategic partnership for three years. This partnership will allow OnePlus to strengthen its mobile camera quality by developing next-generation camera systems for its new OnePlus 9 series devices and additionally improving and updating software, color tuning, sensor calibration, and user-friendly camera interface.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/camera-modules-global-market-report
Key Segments -
The camera modules market covered in this report is segmented -
1) By Product Type: CMOS Camera Module, CCD Camera Module
2) By Component: Image Sensors, Lens Modules, Voice Coil Motors
3) By Focus Type: Interface, Pixel, Process
4) By Applications: Medical, Smartphone & Tablet PC, Automotive, Defense & Space, Industrial & Security, Consumer Electronics
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
The camera modules market size is expected to see strong growth in the next few years. It will grow to $78.45 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to smart home devices, telemedicine growth, environmental monitoring, shift towards multiple camera setups, rising popularity of action cameras and drones. Major trends in the forecast period include advancements in image sensor technology, computational photography, adoption of 3D cameras, AR and VR technologies, remote work and virtual collaboration.
Market Overview -
The camera module is used to capture photographic or videographic images and consist of an image sensor, lens, IR filters, image processors, and other additional components. The camera module is an integral part of the digital camera system and is built into the camera itself. The size and power consumption of the camera depend on the camera module.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=5785&type=smp
The Surge In Automated And Semi-Automated Cars Propels Growth In The Camera Module Market
The rising popularity of automated and semi-automated cars is significantly contributing to the growth of the camera module market. Automated and semi-automated cars are the most advanced cars, having an autonomous driving system (ADS) which uses artificial intelligence, integrated cameras, and other software to perform all driving tasks on behalf of drivers or provide certain driving assistance like active steering, breaking, and acceleration based on roads and other environmental conditions. Camera modules are highly used in automotive camera systems, which are an integrated part of the Autonomous Driving System (ADS) to provide high-definition imaging to process data for driving cars autonomously. For instance, in June 2023, according to the Zipdo, a Germany-based meeting management and productivity software, around 8 million units of semi-autonomous or fully autonomous vehicles are expected to be sold globally by 2026. Therefore, the rise in popularity of automated and semi-automated cars is expected to propel the growth of the camera module market over the coming years.
Competitive Landscape -
Major companies operating in the camera modules market report are Hon Hai Precision Industry Co. Ltd., Intel Corporation, Pixelplus Co. Ltd., BYD Electronic (International) Company Limited, Panasonic Corporation, SK Hynix Inc., Toshiba Electronic Devices & Storage Corporation, Fujifilm Corporation, Sharp Corporation, STMicroelectronics N.V., LG Innotek Co. Ltd., Hikvision Digital Technology Co. Ltd., On Semiconductor Corporation, Sony Corporation, Samsung Electro-Mechanics Co. Ltd., LITE-ON Technology Corporation, Sunny Optical Technology (Group) Company Limited, Chicony Electronics Co. Ltd., FICOSA International S.A., Primax Electronics Ltd., OFILM Group Co. Ltd., OmniVision Technologies Inc., Himax Technologies Inc., Cowell Electronics Holdings Inc., Partron Co. Ltd., MCNEX Co. Ltd., Aptina Imaging Corporation, Pixelworks Inc., AMS Technologies AG, TruTag Technologies Inc., Largan Precision Co. Ltd., Canatu Oy
Strategic Partnerships And Collaborations In The Camera Module Market
Strategic partnerships and collaborations are the key trends being followed by the companies operating in the camera module market. This is due to the presence of a large number of camera module manufacturing companies operating in the market and their desire to extend their growth into new areas of the market. For instance, in March 2021, OnePlus, a China-based smartphone manufacturing company, and Hasselblad, a Sweden-based camera manufacturing company, formed a strategic partnership for three years. This partnership will allow OnePlus to strengthen its mobile camera quality by developing next-generation camera systems for its new OnePlus 9 series devices and additionally improving and updating software, color tuning, sensor calibration, and user-friendly camera interface.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/camera-modules-global-market-report
Key Segments -
The camera modules market covered in this report is segmented -
1) By Product Type: CMOS Camera Module, CCD Camera Module
2) By Component: Image Sensors, Lens Modules, Voice Coil Motors
3) By Focus Type: Interface, Pixel, Process
4) By Applications: Medical, Smartphone & Tablet PC, Automotive, Defense & Space, Industrial & Security, Consumer Electronics
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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