Camera Module Market To Witness High Growth Owing To Increasing Adoption of Advanced Camera Technologies
- Ronak Shah
- World News
- January 17, 2025

The camera module market is estimated to be valued at US$ 31.20 Bn in 2024 and is expected to exhibit a CAGR of 11.8% over the forecast period 2024- 2031, as highlighted in a new report published by Coherent Market Insights’ The growing camera module market is primarily driven by increasing adoption of advanced camera technologies such as autofocus technology, night mode photography, 5G connectivity, and increased megapixels in smartphones.
In addition, the integration of multiple camera modules including wide-angle, ultra-wide angle, and telephoto lenses in smartphones is further augmenting the market growth. Furthermore, rising demand for camera modules in automotive, surveillance, and industrial applications is propelling the camera module market forward.
Key Market Trends: 3D Camera Module – 3D camera modules enable capturing the depth of an image along with color information. These modules are being increasingly used in facial recognition systems, mobile augmented reality/virtual reality applications. The technology allows recording 3D scenes or objects unlike conventional 2D cameras. Major smartphone manufacturers are expected to integrate this technology owing to its advantages.
Under-Display Camera Module– This emerging camera technology allows embedding of front camera under the display of smartphone without requiring any mechanical components like hole-punch or motorized pop-up camera. It provides uninterrupted full screen viewing experience to users. Leading smartphone brands have launched or expected to launch phones with this technology in coming years owing to its future technology potential.
Camera Module Market Opportunity: The front camera module segment accounts for a significant share of the overall camera module market. Selfie cameras have become an essential feature of smartphones. The rising demand for high-quality selfies and video calls is driving the growth of front camera modules. Front camera modules with advanced features such as improved megapixels, auto-focus capabilities, and night mode are gaining traction. Leading smartphone OEMs are focusing on the front camera experience to attract young smartphone users who are selfie enthusiasts.
The rear triple camera module segment is expected to witness massive growth in the forecast period. Smartphone makers are adding multiple rear cameras to deliver advanced photography experiences to users. A triple rear camera setup with 3 different sensors allows users to capture photos with different focal lengths. It provides flexibility to click wide-angle shots capturing more scene, standard shots, and zoomed shots. Premium and flagship smartphones mostly come equipped with triple rear cameras. Major Android smartphone brands are focusing on multi-camera capabilities to compete with Apple’s dual and triple camera iPhones.
Key Market Takeaways: The global camera module market size was valued at USD 31.20 Billion in 2024 and is expected to reach USD 69.15 Billion by 2031, registering a CAGR of 11.8% during the forecast period. By product type, the CMOS segment held the largest market share in 2024 owing to the higher adoption of CMOS image sensors in various consumer electronics. By application, the smartphone camera module segment dominated the market in 2024 due to rising smartphone penetration globally.
Based on region, North America is expected to hold a dominant position in the camera module market during the forecast period. This is attributed to early technological adoption and concentration of key smartphone manufacturers in the region.
Competitor Insights: Some of the leading players operating in the global camera module market include ams AG, Sony, LG Innotek, FOVICON, SEIROBOTIC, and Partron. These players are focusing on new product launches and strategic collaborations to gain a competitive edge in the market.
Recent Developments: In July 2023, Samsung Electronics announced plans to significantly ramp up production of its 64-megapixel smartphone camera sensors. The company stated that it aims to produce over 200 million units of its 64MP ISOCELL Bright GW1 image sensor by the end of 2024. This represents a massive increase from the estimated 60 million units produced in 2022. More information in full report.