Camera module industry: the whole supply chain benefits from the momentum
From imaging to sensing, Compact Camera Module revenue will exceed $60 billion by 2027.
- The CCM market is expected to reach about US$60.2 billion in 2027.
- CCM is driven by innovations in mobile handsets, the adoption of multiple cameras in cars, and emerging consumer applications.
- Some of the CCM applications are now slowly moving from imaging to sensing.
- In CCM manufacturing, China and South Korea together have a market share of about 90%. In 2021, South Korean companies were involved in Samsung and Apple supply chains…
The CCM market grew tremendously in both volume and revenue from 2018 to 2020. But then, in 2021, revenue growth fell to 5.9% year-over-year, pushing the market to US$35.9 billion. Looking forward, automotive and consumer products will sustain a new growth cycle beyond mobile, although this will remain the most important market. That will lead to a US$60.2 billion market in 2027, a 9% CAGR from 2021.
In this context, Yole Intelligence has developed a dedicated report to provide market data on key CCM metrics and dynamics. In its new Status of the Camera Module Industry 2022 report, the company, part of Yole Group, delivers an in-depth understanding of the CCM value chain, infrastructure, and players, and presents key technical insight and analyses regarding future technology trends and challenges.
Florian Domengie, Ph.D., Senior Technology and Market Analyst within the Photonics & Sensing division at Yole Intelligence, part of Yole Group“The metaverse will surely drive more camera modules into consumer products. For automotive, increasing levels of autonomy will require more cameras. ADAS , viewing, and in-cabin monitoring are integral parts of the future playground. In addition, the growing adoption of medical endoscopic solutions and security cameras will help the market thrive. The transition from imaging to sensing will sustain the camera module industry with many further opportunities”.
The whole supply chain will benefit from this industry momentum, including camera module assembly, CIS , optics, lens sets and AF /OIS actuating devices.
Perhaps obviously, the biggest camera module players have the biggest customers. LG Innotek passed US$10 billion in revenue in 2021, benefiting from being Apple’s supplier and serving the thriving automotive cameras industry. In contrast, Ofilm is still suffering from the US trade ban on its partner Huawei.
Regarding camera module manufacturing, Chinese and South Korean companies have about 90% of the market.
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Meanwhile, competition in CIS has become more intense. The ecosystem is still dominated by historical leaders like Sony, Samsung, OmniVision, and STMicroelectronics, who are strong players in the mobile and consumer markets.
GalaxyCore, Onsemi, SK Hynix, and SmartSens remain solid challengers and are increasing their shares of the camera module market.
In the lens market, Largan and Sunny Optical hold over 50% of the market and leave the rest far behind. New entrants are appearing in lens sets and AF devices, but historical top players still own high-end OIS.
From the technical side, innovation is expected to shrink devices and boost imaging and sensing performance. More light-sensitive image sensors are being developed. Wafer stacking remains a solid trend, and Sony is even introducing two-layer transistor pixels, from stacking three wafers. The lens set is now being upgraded to seven- or eight-element (7p or 8p) levels.
A 9p lens is also on the way. High-quality optics needs more lenses but adding glass to the lens is another approach. However, physical limitations are now slowing the pace of innovation. A new paradigm is needed, such as free-form or liquid lenses. Metalens devices are perhaps the ultimate evolution to decrease camera module cost and volume and bring new functionalities. For AF and OIS actuators, alternative approaches, such as MEMS actuators, are also appearing. OIS technology has updated from lens-shift to sensor-shift and even module-shift.
Yole Intelligence imaging team invites you to follow the camera module industry and the evolution of the technology on www.yolegroup.com. In this regard, do not miss the 3D Sensing for Consumer Forum 2022, “From smartphones into the metaverse: 3D sensing is shaping the future of reality”, on December 8th. Register here.
- CCM : CMOS Camera Module
- CAGR : Compound Annual Growth Rate
- ADAS : Advanced Driver Assistance Systems
- CIS : CMOS Image Sensors
- AF : Autofocus
- OIS : Optical Image Stabilisation