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

Category : Semiconductor And Electronics | Published Date : Jun 2024

Smartphones Camera Lenses Market Scope & Overview :

Smartphones Camera Lens is an optical component of a camera system for capturing a different field of view. Different camera lenses provide different shooting options like wide-angle, telephoto, and fisheye among others. Camera lenses determine the quality and clarity of images taken.

Consegic Business Intelligence analyzes that the Global Smartphones Camera Lenses Market size was valued at USD 4,965.50 Million in 2022, projected to grow by USD 483.81 Million in 2023, and is expected to register a CAGR of 9.7% to reach USD 10,116.07 Million by 2030.

This report comprises Smartphones Camera Lenses Market Share, Size & Industry Analysis, By Component (Lens, Sensor, and Actuator), By Type (Less than 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), and Forecast, 2023-2030.

This report contains detailed information on Smartphones Camera Lenses Market Opportunities, Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.

As per the report analysis, technological advancements and rising demand for smartphone lenses are the key Smartphones Camera Lenses market drivers. Integration of AR and VR in camera lenses explodes its potential in tracking and depth sensing of objects.

Segmental Analysis :

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.
Report Attributes Report Details
By Component Lens, Sensor, and Actuator
By Type Less than 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(U.S., Canada, Mexico)
Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe)
APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific)
Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA)
LATAM(Brazil, Argentina, Chile, Rest of LATAM)

Top Key Players & Competitive Landscape :

The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. Additionally, this report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.

List of prominent players in the Smartphones Camera Lenses Industry :

  • Largan Precision Co. Ltd.
  • Sunny Optical Technology (Group) Company Limited
  • Ability Opto-Electronics Technology
  • Corning Incorporated
  • Omnivision
  • Genius Electronic Optical
  • SEKONIX Co., Ltd.
  • Kantatsu Co., Ltd.
  • Asia Optical Co., Inc.

Recent Industry Developments :

  • In July 2021, Corning Incorporated introduced scratch-resistant and durable glass composite products for mobile device cameras that offer advanced optical performance, and durability.
  • In December 2020, vivo Mobile Communication Co., Ltd. partnered with ZEISS to develop innovations in mobile imaging technology.