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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The global camera module market is segmented based on the component, process, resolution, and application. Based on the component, the market is segmented into the image sensor, lens, camera module assembly, and VCM suppliers. Based on the process, the market is sub-segmented into the flip-chip camera module and chip-on-board camera module. Based on the resolution, the market is sub-segmented into up to 7 mp, 8 to 13 mp, above 13 mp. Among these segments, the camera modules with above 13 mp resolution has the highest demand due to the rising need for better image quality in consumers. Based on the application, the market is sub-segmented into consumer electronics, healthcare, industrial, security &surveillance, automotive, aerospace &defense, and others.
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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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