The global camera module market is anticipated to grow at a significant CAGR of 10.8% during the forecast period. Digital technology is growing very fast which is propelling the demand for camera modules globally. With the increasing demand for high-resolution smartphones, the companies are providing high-quality cameras to fulfill the demand of consumers. For instance, in September 2021, LG Innotek in collaboration with the magnet company SGI Co. launched an eco-magnet. When this eco magnet is applied to a high-pixel smartphone camera, it produces clear photos and videos by increasing the driving force of the actuator.
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During theCOVID-19 pandemic the demand for camera modules were greatly reduced. The disruption in the production process of end-user products such as consumer electronics led to a decline in the camera module market. However, some of the manufacturers were focusing on innovations related to the COVID-19 pandemic. For instance, in March 2020 Athena Security launched a security camera that uses thermal imagining tech to detect the people who are affected by the COVID-19 pandemic.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Camera Module Market Report Segment
By Component
- Image Sensor
- Lens
- Camera Module Assembly
By Process
- Flip-Chip Camera Module
- Chip-On-Board Camera Module
By Resolution
- Up To 7 Mp
- 8 To 13 Mp
- Above 13 Mp
By Application
- Consumer Electronics
- Healthcare
- Industrial
- Security And Survillance
- Automotive
- Aerospace And Defense
- Others
Global Camera Module Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global camera module market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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