Global Smartphones Camera Lenses Market Growing at a CAGR of 9.7% By 2030

The Smartphones Camera Lenses Market is segmented based on component, type, technology, compatibility, sales channel, application, and region.

Based on components, the market is trifurcated into lens, sensor, and actuator.

• In 2022, the lens segment held the highest revenue share, due to rising photography trends in consumers.
• The sensor segment is anticipated to register the fastest CAGR from 2023 to 2030, as sensors are required for brighter, more detailed, and clearer pictures.

Based on type, the market is divided into Less than 5 MP, 6 to 12 MP, 13 to 24 MP, 32 MP, 48 MP, 64 MP, and 108 MP and above.

• The 48 MP segment, in 2022, accounted for the largest revenue share, as most of the smartphones are integrated with this pixel count.
• Over the forecasted period, the 108 MP segment is expected to witness the fastest CAGR growth as they provide pictures with fine details and textures like a DLSR camera.

Based on technology, the market is segregated into wide-angle, fisheye, telephoto, and others.

• In this segment, wide-angle lenses alone accounted for a revenue share of 47.7% in 2022, as they tend to offer a larger field of view, accurate focus, and light exposure due to their shorter focal length.
• The telephoto segment is expected to register the fastest CAGR during the forecasted period of 2023-2030, because of their use in wildlife and landscape photography, and capturing distant objects.

Based on compatibility, the market is bisected into iOS and Android.

• In 2022, the Android segment accounted for the largest revenue share of the total market, as smartphones are affordable to the masses and also are equipped with high-quality ultra-wide and telephoto lenses.
• The iOS segment is anticipated to witness the fastest CAGR over the forecasted period, as demand for iPhones is increasing due to their better lenses and high-resolution sensors compared to Android phones.

Based on sales channels, the market is bifurcated into online and offline.

• The offline segment held the largest market share in 2022, as customers can conveniently do physical product testing, explore several options, and understand the features and functionalities.
• The online segment is anticipated to emerge as the fastest-growing segment from 2023 to 2030, due to a rise in online shopping worldwide via e-commerce websites, online marketplaces, and mobile and web applications.

Based on the application, the market is divided into front-end cameras and rear-end cameras.

• The front-end camera held the highest revenue share in 2022, as they have wide applications including capturing selfies, attending video calls, capturing wide-angle views, etc.
• By 2030, the rear-end market is expected to register the fastest CAGR due to benefits like high resolution, advanced features, better-quality images, and even capture images in low-light conditions.

By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

• The North American region is expected to reach USD 3,697.42 million in 2030, registering a CAGR of 9.7%, due to a rise in consumer electronics in the region.
• The Asia-Pacific region is anticipated to register a whopping CAGR of 10% over the forecasted period, as the growing popularity and demand of social media platforms drive the smartphone lens market.