Compact Camera Module Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Consumer Electronics, Security And Surveillance, Communication Devices, Medical Devices, Others), By Components (Lens, Actuators, Sensors, Adhesives, Others), And By Geography - Forecasts From 2024 To 2029

The compact camera module market is evaluated at US$53.601 billion in 2025, growing at a CAGR of 10.02%, reaching the market size of US$86.403 billion by 2030. 

A compact camera module (CCM) includes an image sensor, control electronics, a lens, and an interface. A compact camera module forms an essential part of mobile phones and tablet PCs, which uses an image sensor to convert the light coming through the lens into an electrical signal. This further outputs the electrical signal to the display through software that is ready for viewing and storage of the photographs. It is useful in several industries, including automotive, consumer electronics, and surveillance systems, because of the growing usage of smartphones, the global compact camera module market is expected to witness high demand during the forecast period. Furthermore, the growing demand for compact and miniature devices, coupled with increasing technological advancements, will also boost market expansion.

Moreover, the rapid advancements in sensor technology have increased the application of multiple compact camera modules.  Manufacturers of smartphones and automobiles are integrating an increasing number of features. Rear-facing and front-facing cameras, as well as CIS, OIS, and lenses, are some examples. The company reported the pre-release of one of the smallest and lightest 100k pixel image sensors for usage in mobile or wearable handsets, such as virtual reality (VR) headsets.

Compact Camera Module Market Drivers:

• Growing number of smartphone users is anticipated to upsurge the market.

The growing number of smartphone users worldwide is anticipated to strengthen the market growth since smartphone users are likely to propel the demand for compact camera module used in these devices. Growing access to technology empowers Indian youth. The nation is seeing a revolution in mobile and data usage. A total of 810 million people had broadband connections in 2022, up from 60 million in the previous eight years, and 750 million people use smartphones. The internet is expanding more quickly in rural areas than in urban regions.

Smartphones have become a part of daily life as they offer effective connectivity, security, entertainment, work, portability, and many other useful and important features, thus giving rise to their increasing demand. Their growing adoption can also be attributed to their availability in a wide price range, ranging from low-budget affordable prices to high-end prices. Other factors include changing consumer preferences where customers prefer to have everything on their portable devices, whether it is related to listening to music, following their health check-ups, shopping, or other activities. Thus, advancements are continuously being made as per the consumer choices, leading to mergers and acquisitions, and product portfolio diversification by the key market players. 

Compact camera forms an integral part of these mobile devices, and the burgeoning growth of the smartphone market is fueling the global compact camera module market expansion. Consistent efforts are being made to make mobile phones smarter than the current versions available in the market and while maintaining their affordability. This has further led to the development of smarter cameras and audio and video systems, thus providing more elegant and appealing mobile phone devices to a wide range of customers, further complementing the compact camera module market. 

• Increased application in the automotive industry.

The market for compact camera modules is being driven by its increased application in automobiles for advanced driving assistance and automotive electronics. Automotive cameras have progressed from an optional feature to a must-have standard feature, and laws in the European Union and the United States are facilitating this movement. These advanced safety technologies include camera-based driver monitoring. Starting in 2022, all new type-approved automobiles with a certain level of autonomous driving capabilities will be subject to the new restrictions, which will be phased in over four years. By 2026, the regulation will apply to all new cars sold in the EU, regardless of their level of automation. Such regulations by governments around the world are expected to boost the global market for compact camera modules during the projected timeframe.

Compact Camera Module Market Segmentation Analysis

• By application, the compact camera module market is segmented into consumer electronics, security and surveillance, communication devices, medical devices, and others.

Consumer electronics is anticipated to hold the largest market share of the compact camera module market due to the growing consumer specifications and the competitive nature of the market. Rising penetration of consumer electronic devices such as smartphones, digital cameras, computers, laptops, etc., is expected to drive the demand for compact camera modules. The market growth is attributed to the increasing adoption of high-resolution cameras in smartphones for both back and front-facing mobile cameras. Rising demand for advanced computers, mobile phones, and defense-related electronic devices is forcing manufacturers to develop new products with innovative technology that is expected to drive the demand for compact camera modules across the consumer electronics industry. Moreover, the continuous development in sensor technology and the growing trend towards the depth effect of the mobile camera have increased the application of multiple compact camera modules for smartphones. The rapid increase in smartphone penetration and rising disposable income are driving the population to quickly switch to the latest technologies in consumer electronics. For instance, Xiaomi Mobile, a Chinese smartphone giant, launched the Xiaomi 12 Ultra, which will feature a large rear camera module that spans almost the width of the smartphone.

CCM is also rapidly gaining traction in the security and surveillance systems owing to the burgeoning need for high-resolution cameras at airports, banks, and other high-traffic public places where large public movement is seen. Digitalization of conventional surveillance systems is playing a crucial role in the increasing incorporation of compact camera modules in their cameras. CCTVs and IP cameras are equipped with compact camera modules to provide an enhanced digital image. Rising trend of multi-sensor cameras, 3D sensing, and Infrared (IR) sensing, and optical image stabilization are leading to an increased demand for compact camera modules in cameras with the latest configuration. Thus, manufacturers are developing CCM that incorporates these features for security and surveillance purposes.

Furthermore, with many airports upgrading their security and surveillance systems with advanced Internet Protocol (IP) cameras that are equipped with camera modules, the demand for compact camera modules is expected to grow substantially over the forecast period. For instance, Los Angeles International Airport upgraded its video surveillance system by adding 3,000 stationary and pan-tilt-zoom IP Cameras. 

• North America is anticipated to be the major regional market.

The compact camera modules market in North America is heavily impacted by the region's ongoing smartphone proliferation. CCMs are used in security cameras, medical devices, and consumer electronic devices such as computers, smartphones, tablets, and peripherals. The expanding consumer electronics industry and increasing integration of compact camera modules in various electronics and electrical devices are expected to drive the market during the forecast period. These are becoming increasingly in demand as smartphones become more commonplace. These modules are essential for improving the photography capabilities of devices. The market is growing because consumers are preferring advanced camera features such as multiple lenses, high-resolution pictures, and smart functionality. Further driving market development is the continued trend of incorporating tiny camera modules into various electronic products, such as tablets, laptops, and smart home appliances. Demand is anticipated to be fueled by the unrelenting pursuit of innovation in imaging technologies, which includes the creation of small modules with improved low-light performance, image stabilization, and artificial intelligence-based capabilities.

The recent replacement of NAFTA (North American Free Trade Agreement) by USMCA (United States-Mexico-Canada Agreement) will significantly impact the country’s automotive industry, which, in turn, will bolster the demand for compact camera modules across the sector, thus positively impacting the U.S. CCM market growth during the next five years. According to the new agreement, automakers must manufacture 40% of their motor vehicles in facilities where assembly workers earn a minimum US$16 per hour. Since the average wage in Mexico is relatively lower than the set criteria, it will encourage U.S. automakers, who have already shifted their production facilities to Mexico due to lower production costs, to shift back to the country. 

Compact Camera Module Market Key Developments:

• In January 2024, the leading provider of MEMS technology worldwide, Sheba Microsystems Inc., announced the release of its newest offering, the Sheba MEMS Autofocus Compact Camera for AR/VR/XR Headsets.
• In January 2024, Ricoh Imaging Americas Corporation announced that the PENTAX WG-90 digital camera would be on sale in the first part of February 2024. The WG series all-weather adventure cameras, which are renowned for their durable construction as well as their shock- and dust-resistant characteristics, are available under the PENTAX brand, which is well-known in the business for creating weather-, dust-, and waterproof goods.

Compact Camera Module Market Scope:

 

Report Metric	Details
Market Size Value in 2022	US$37.825 billion
Market Size Value in 2029	US$92.145 billion
Growth Rate	CAGR of 13.56% from 2022 to 2029
Base Year	2022
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Application Components Geography
Companies Covered	Truly Opto-Electronics Ltd. Ams AG LG Innotek Co. Ltd LITE-ON Technology Corporation Olloclip And more
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Application 
  • Consumer Electronics
  • Security And Surveillance
  • Communication Devices
  • Medical Devices
  • Others
• By Components
  • Lens
  • Actuators
  • Sensors
  • Adhesives
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. COMPACT CAMERA MODULE MARKET, BY APPLICATION

5.1. Introduction

5.2. Consumer Electronics

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Security Surveillance

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Communication Devices

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

5.5. Medical Devices

5.5.1. Market Trends and Opportunities

5.5.2. Growth Prospects

5.5.3. Geographic Lucrativeness

5.6. Others

5.6.1. Market Trends and Opportunities

5.6.2. Growth Prospects

5.6.3. Geographic Lucrativeness

6. COMPACT CAMERA MODULE MARKET, BY COMPONENTS

6.1. Introduction

6.2. Lens

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Actuators

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Sensors

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Adhesives

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

6.6. Others

6.6.1. Market Trends and Opportunities

6.6.2. Growth Prospects

6.6.3. Geographic Lucrativeness

7. COMPACT CAMERA MODULE MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Application

7.2.2. By Components

7.2.3. By Country

7.2.3.1. USA

7.2.3.1.1. Market Trends and Opportunities

7.2.3.1.2. Growth Prospects

7.2.3.2. Canada

7.2.3.2.1. Market Trends and Opportunities

7.2.3.2.2. Growth Prospects

7.2.3.3. Mexico

7.2.3.3.1. Market Trends and Opportunities

7.2.3.3.2. Growth Prospects

7.3. South America

7.3.1. By Application

7.3.2. By Components

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.1.1. Market Trends and Opportunities

7.3.3.1.2. Growth Prospects

7.3.3.2. Argentina

7.3.3.2.1. Market Trends and Opportunities

7.3.3.2.2. Growth Prospects

7.3.3.3. Others

7.3.3.3.1. Market Trends and Opportunities

7.3.3.3.2. Growth Prospects

7.4. Europe

7.4.1. By Application

7.4.2. By Components

7.4.3. By Country

7.4.3.1. Germany

7.4.3.1.1. Market Trends and Opportunities

7.4.3.1.2. Growth Prospects

7.4.3.2. France

7.4.3.2.1. Market Trends and Opportunities

7.4.3.2.2. Growth Prospects

7.4.3.3. United Kingdom

7.4.3.3.1. Market Trends and Opportunities

7.4.3.3.2. Growth Prospects

7.4.3.4. Spain

7.4.3.4.1. Market Trends and Opportunities

7.4.3.4.2. Growth Prospects

7.4.3.5. Others

7.4.3.5.1. Market Trends and Opportunities

7.4.3.5.2. Growth Prospects

7.5. Middle East and Africa

7.5.1. By Application

7.5.2. By Components

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. Market Trends and Opportunities

7.5.3.1.2. Growth Prospects

7.5.3.2. Israel

7.5.3.2.1. Market Trends and Opportunities

7.5.3.2.2. Growth Prospects

7.5.3.3. Others

7.5.3.3.1. Market Trends and Opportunities

7.5.3.3.2. Growth Prospects

7.6. Asia Pacific

7.6.1. By Application

7.6.2. By Components

7.6.3. By Country

7.6.3.1. China

7.6.3.1.1. Market Trends and Opportunities

7.6.3.1.2. Growth Prospects

7.6.3.2. India

7.6.3.2.1. Market Trends and Opportunities

7.6.3.2.2. Growth Prospects

7.6.3.3. Japan

7.6.3.3.1. Market Trends and Opportunities

7.6.3.3.2. Growth Prospects

7.6.3.4. South Korea

7.6.3.4.1. Market Trends and Opportunities

7.6.3.4.2. Growth Prospects

7.6.3.5. Others

7.6.3.5.1. Market Trends and Opportunities

7.6.3.5.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Truly Opto-Electronics Ltd.

9.2. Ams AG

9.3. LG Innotek Co. Ltd

9.4. Sunny Optical Technology (Group) Company Limited

9.5. LITE-ON Technology Corporation

9.6. Olloclip

9.7. Chicony Electronics Co. Ltd

9.8. Holitech USA

9.9. Henkel

Truly Opto-Electronics Ltd.

Ams AG

LG Innotek Co. Ltd

Sunny Optical Technology (Group) Company Limited

LITE-ON Technology Corporation

Olloclip

Chicony Electronics Co. Ltd

Holitech USA

Henkel