Global Smartphones Camera Lenses Market growing at a CAGR of 9.7% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jun 2023
Key Market Overview
The global smartphones camera lenses market was valued at USD 4,965.50 million in 2022 and is expected to register a compound annual growth rate of 9.7% to reach USD 10,116.07 million in 2030.
The report highlights the increasing demand for lenses to capture high-quality images in smartphones. Consegic Business Intelligence provides an inclusive research report on the smartphones camera lenses market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Smartphones Camera Lenses Market By Overview
The report analyses significant segments such as component, type, technology, compatibility, sales channel, application, and region, to identify emerging trends and potential opportunities. The component segment is expected to grow due to the increasing demand for camera lenses to capture sharp and detailed images. Moreover, the application of sensors in smartphone cameras to determine the resolution of captured images in the form of pixels is accelerating the growth of the market.
Get Free SampleMarket Dynamics
Driver:
- The increasing adoption of premium and high-priced smartphones among consumers is driving the growth of the market.
- The advancements in smartphone camera lens technology to provide excellent image quality, fast autofocus and striking HDR capabilities is driving the growth of the market.
- The rising trend of social media platforms among consumers is accelerating the growth of the market.
Restraints:
- The high manufacturing costs of camera lenses in smartphones is restraining the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Component | Lens, Sensor, and Actuator |
| By Type | Less the 5 MP, 6 to 12 MP, 13 to 24 MP, 32 MP, 48 MP, 64 MP, and 108 MP and above |
| By Technology | Wide-Angle, Fisheye, Telephoto, and Others |
| By Compatibility | iOS and Android |
| By Sales Channel | Online and Offline |
| By Application | Front-end Camera and Rear-end Camera |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global smartphones camera lenses market is highly competitive due to the presence of major players such as Largan Precision Co. Ltd., Sunny Optical Technology (Group) Company Limited, GeniuS Electronic Optical, SEKONIX Co., Ltd., Kantatsu Co., Ltd., Asia Optical Co., Inc. operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in smartphones camera lenses market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Largan Precision Co. Ltd.
- Sunny Optical Technology (Group) Company Limited
- GeniuS Electronic Optical
- SEKONIX Co., Ltd.
- Kantatsu Co., Ltd.
- Asia Optical Co., Inc.
- Ability Opto-Electronics Technology
- Corning Incorporated
- Omnivision