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 2022 To 2027

  • Published : Jun 2022
  • Report Code : KSI061611685
  • Pages : 120

The global compact camera module market is expected to increase at a compound annual growth rate of 12.35% to reach US$64.021 billion in 2027 from US$28.326 billion in 2020. A compact camera module includes an image sensor, control electronics, lens, and an interface. It is useful in a variety of 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. According to the recent Annual Status of Education Report (ASER) survey, published in November 2021, smartphone penetration in Indian rural households more than doubled in the last three years.

Furthermore, 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. For instance, ams AG developed one of the world's smallest digital camera modules in December 2020. 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. The new NanEyeC image sensor is available as a lensed chip-scale module with a 1mm2 footprint and a weight of around 1g. The NanEyeC camera is a full-featured image sensor that comes as a lensed surface-mount module measuring 1mm x 1mm. Similarly, in September 2021, Digital Media Professionals Inc. announced that it will begin accepting orders for a high-precision compact embedded monocular camera system in the first quarter of the fiscal year 2022.


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. For instance, the EU Council of Ministers passed a general safety regulation in November 2019, requiring automakers to incorporate advanced safety features in all new automobiles sold in the EU. 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.

Increased technological advancements by key players will also aid in market growth. For instance, in June 2019, the Dual-cam two-lens camera was created by ZF, the world's top manufacturer of automotive cameras, exclusively for the commercial truck sector and to be used in conjunction with other ZF ADAS solutions. Similarly, in May 2019, The OVM7251 CameraCubeChip® module was launched by OMNIVISION Technologies, Inc., a leading producer of innovative digital imaging systems. The OVM7251 is a 640 x 480 VGA resolution camera module with a tiny form factor, low energy consumption, and low price. It is based on the 3-micron OmniPixel®3-GS global shutter technology.

In addition, the growing partnerships among major players are also anticipated to propel market growth. For instance, in July 2021, a North American electric vehicle firm awarded Samsung Electro-Mechanics a camera contract for a next-generation electric car. Samsung Electro-Mechanics was chosen as the ultimate provider in the competitive bidding process.

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

Consumer electronics holds 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. are expected to drive the demand for compact camera modules. The growth of the market 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 defence-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 the sensor’s 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 for the quickly switch to the latest technologies in consumer electronics. For instance, Xiaomi mobile, a Chinese smartphone giant is planning to launch the Xiaomi 12 Ultra which will feature a large rear camera module that spreads almost across the width of the smartphone.

COVID-19 Scenario

The compact camera module market had been growing at a healthy pace before the outbreak of the COVID-19 pandemic. The increased use in the mobile and consumer electronics industries has been one of the major drivers of market growth. However, the COVID-19 pandemic led to a decline in the market size of compact camera modules in 2020 due to production & supply chain disruptions, and reduced demand from consumers. Thus, the projection for the compact camera module market in the COVID-19 scenario is significantly revised downwards.

COVID-19 decreased the revenue generation opportunity for compact camera module manufacturers by an estimated US$13.005 billion in 2020 in comparison to the no-COVID-19 scenario. Many leading market leaders for compact camera modules such as Primax Electronics suffered revenue losses in 2020. For instance, the revenue of the non-PC segment of the company includes compact camera modules.

Compact Camera Module Market Scope:


Report Metric Details
 Market Size Value in 2020  US$28.326 billion
 Market Size Value in 2027  US$64.021 billion
 Growth Rate  CAGR of 12.35% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Application, Components, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered 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 Technology, Cowell E Holdings Inc, Henkel
 Customization Scope  Free report customization with purchase


Market Segmentation:

    • Consumer Electronics
    • Security and Surveillance
    • Communication Devices
    • Medical Devices
    • Others
    • Lens
    • Actuators
    • Sensors
    • Adhesives
    • Others
    • 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

Frequently Asked Questions (FAQs)

Compact Camera Module Market was valued at US$28.326 billion in the year 2020.
The global compact camera module market is expected to reach a market size of US$64.021 billion by 2027.
The compact camera module market is expected to grow at a CAGR of 12.35% over the forecast period.
Because of the growing usage of smartphones, the global compact camera module market is expected to witness high demand during the forecast period.
The compact camera module market has been segmented by application, components, and geography.

1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2.1. Research Data
2.2. Assumptions

3.1. Research Highlights

4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force 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

5.1. Introduction
5.2. Consumer Electronics
5.3. Security and Surveillance
5.4. Communication Devices
5.5. Medical Devices
5.6. Others

6.1. Introduction 
6.2. Lens
6.3. Actuators
6.4. Sensors
6.5. Adhesives
6.6. Others

7.1. Introduction 
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. United Kingdom
7.4.4. Spain
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. Israel
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. India
7.6.3. Japan
7.6.4. South Korea
7.6.5. Others

8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

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 Technology
9.9. Cowell E Holdings Inc 
9.10. Henkel

Truly Opto- Electronics Ltd.

Ams AG

LG Innotek Co. Ltd

Sunny Optical Technology (Group) Company Limited

LITE-ON Technology Corporation


Chicony Electronics Co. Ltd

Holitech Technology

Cowell E Holdings Inc