The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising popularity of automated and semi-automated cars are expected to drive innovation in camera modules manufacturing, thus driving the market during the forecast period.

The global camera modules market is expected to grow from $44.38 billion in 2022 to $46.8 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The camera modules market size is expected to grow to $71.89 billion in 2027 at a CAGR of 11.3%.

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Global Camera Modules Market Segments Include:

• By Product Type:CMOS Camera Module, CCD Camera Module
• By Component:Image Sensors, Lens Modules, Voice Coil Motors
• By Focus Type:Interface, Pixel, Process
• By Applications:Medical, Smartphone & Tablet PC, Automotive, Defence & Space, Industrial & Security, Consumer Electronics
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global camera modules market in 2021.

Major Market Players in the camera modules market include Samsung Electro-Mechanics, LG Innotek, Sony Corporation, Sunny Optical Technology (Group) Company Limited, Hon Hai Precision Industry Co. Ltd.

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 OnePluse 9 series devices and additionally improving and updating software, colour tuning, sensor calibration, and user-friendly camera interface.

The Camera Modules Global Market Report 2023  provides a camera modules market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The camera modules market forecast analyzes camera modules market size, camera modules market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The camera module are 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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