The global camera modules market size is projected to grow from USD 31.5 billion in 2020 to USD 44.6 billion by 2025, at a CAGR of 7.2%. Major factors driving the growth of the camera modules industry include increasing trends of multi camera-based smartphones, rising public safety, and security concerns led to the adoption of surveillance, technological advancements in components of camera modules for its integration in devices, and rising demand for ToF camera in smartphones.
Major players in the camera modules industry include LG Innotek (South Korea), Sunny Optical Technology (Group) Company Ltd. (China), Sharp Corporation (Japan), Samsung Electro-Mechanics (South Korea), OFILM Tech Co., Ltd. (China), ams (Austria), Chicony Electronics Co., Ltd. (Taiwan), MCNEX Co. Ltd. (South Korea), Primax Electronics Ltd. (Taiwan), Q Technology (Group) Company Ltd. (China), CammSys Corp. (South Korea), Cowell (China), e-con Systems (US), Haesung Optics (South Korea), Jenoptik (Germany), Kyocera Corporation (Japan), Leopard Imaging Inc. (US), Luxvisions Innovation Limited (Taiwan), Partron Co., Ltd. (South Korea), Shenzhen CM Technology Company Ltd. (China), and Truly Opto-Electronics Ltd. (China).
These players have adopted various growth strategies, such as product launches and developments, expansions, acquisitions, and agreements, partnerships, and collaborations, to expand their presence in the camera modules market. Product launches have been the most dominating strategy adopted by key players from 2017 to 2019, which helped them strengthen their product portfolio and broaden their customer base.
LG Innotek (South Korea) secured the first rank in the camera modules market in 2019. It operates in 4 reportable segments—Optical Solution Business, Substrate and Material Business, Automotive Component and Electronics Business, and LED Business. The optical solution business segment offers ultra-slim and ultra-high-definition cameras and three-dimensional recognition modules for smartphones and tablet PCs, and cameras for vehicles, and IoT. The camera module offered by the company features autofocus and image stabilization based on Voice Coil Motor (VCM) technology. The substrate and material business include High-Density Interconnection (HDI), semiconductor substrates, tape substrates, and photomasks that are applied to smartphones, tablet PCs, laptop computers, and LCD/OLED TVs. The automotive component and electronics business provide motor, sensor, automobile communication and camera, electronic shelf label, Wi-Fi modules, and others. The LED business offers LED light, backlight units, and others. LG Innotek Poland Sp. Z O.o. and LG Innotek Vietnam Haiphong Co., Ltd. are the subsidiaries of LG Innotek. The company operates in APAC, Europe, and North America.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=134910924
Sunny Optical Technology (Group) Co., Ltd. is one of the leading Chinese manufacturers of optical components and products. The group engages in the design, research, development, manufacture, and sales of optical and optical-related products. Sunny Optical Technology (Group) Co., Ltd. operates through 3 segments—Optical Components, Optoelectronic Products, and Optical Instruments. The Optical Business manufactures and sells lenses and lens module. The Optoelectronic Business produces cell phone camera modules and photoelectric vision products. The Instrument Business includes a microscopic, analytical, and surveying instrument. In the camera modules market, the group offers cell phone camera modules that include wide FoV module, AF module, array camera, and ultra-high resolution module. It has also developed various kinds of surround view, front view, and in-car automotive camera modules and has initiated mass production. Some of the group’s subsidiaries include Ningbo Sunny Automotive Optech Co., Ltd. (China), Xinyang Sunny Optics Co., Ltd. (China), Shanghai Sunny Yangming Precision Optics Co., Ltd. (China), and Zhejiang Sunny Optical Intelligence Technology Co., Ltd. (China).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)