Status of the Camera Module Industry 2022

Key Features

• Context of the compact camera module (CCM) industry: historical perspective, cost breakdown by resolution
• Compact camera module forecasts: volume, revenue, ASP, value breakdown per subcomponent
• Market shares and supply chain: for image sensors, lens sets, AF/OIS devices, camera module
• Compact camera module ecosystem analysis
• Market trends for all the served markets: mobile, consumer, computing, automotive, medical, commercial
• Technology trends: image sensors, lens technologies, AF/OIS devices, including emerging optics technologies

 What's new

• Updated camera module market forecasts for volume, revenue, ASP, sub-component revenue breakdown
• Updated market share for each subcomponent, main players’ revenues
• New competitive geographic map analysis
• New AF/OIS penetration rate update
• Market trends for each market explored: mobile, consumer, computing, automotive, medical, commercial including some security and industrial applications
• Updated pixel size roadmap, AF/OIS technology trends
• New emerging lens technologies, including liquid lenses, metasurfaces and wafer optics

Product objectives

• Provide market data on key CCM metrics and dynamics
  • CCM forecasts, by revenue, shipments, and components
  • Market shares, with detailed breakdown by player and components
  • Application focus on key growth areas for CCM: under-display camera, sensing camera and ADAS camera
• Deliver an in-depth understanding of the CCM value chain, infrastructure, and players
  • Who are the CCM players including CIS, CCM and optics manufacturers, and how they are related?
  • Who are the key suppliers to watch - and more generally, how will the camera module industry evolve?
• Present key technical insight and analysis regarding future technology trends and challenges
  • Manufacturing technologies: design structures
  • Device technologies: CCM applications across markets
  • Technology focus on game-changing areas like lenses and OIS

AAC Technologies, AGC, Alps, Ambu, Ams, Analog Devices, Apple, Aptiv, Asia Optical, ASM, Awaiba, Baidu, BL, Bosch, Brigates, BYD Microelectronics, Calin Technology, Cammsys, Canon, Cha Diostech, Chicony, Cirrus Logic, Continental, Cowell Optics, Cresyn, Crystal-Optech, Ddk, Denso, DJI, Dynaoptics, Foxconn, Fujifilm, Fujinon, Fujitsu, Galaxycore, Genius Optical, Goodix, Google, Gopro, Haesung Optics, Hamamatsu, Himax, Hirose, Honor, Hoya, Hozel, Huaxin, Huawei, II-VI, IM, Immervision, Infineon, Intel, Irobot, Jabil, Jahwa, JSR, Kantatsu, Kappa, Kinko Optical, Kolen, Kura Technologies, Kyocera, Largan, Leica, Lenovo, Leti, LG Innotek, Lumotive, Luxvisions, Magna, Materion, Mcnex, Medigus, Metalenz, Microsoft, Mitsumi, Mobileye, Nalux, New Shicoh, Nextlens, Nidec, NILT, NTK, Ofilm, Olympus, Omnivision, Oneplus, Onsemi, Oppo, Optis, Optotune, Panasonic, Parrot, Partron, Pixelplus, Pmd, Polight, Powerlogic, Primax, Prophesee, Q-Tech, Rayprus, Ricoh, Samsung, Schott, Sekonix, Semco, Sharp, Silina, SK Hynix, Softkinetic, Soinc, Sony, SPY, STMicroelectronics, Sunex, Sunny Optical, Suss Microoptics, Suyin, Synaptics, TDK, Teledyne, Tesla, Toshiba, Truly, Tunoptix, Valeo, Veoneer, Viavi, Vivo, Volvo, Xiaomi, Xperi, Waymo, Zeiss, Zeon, ZET, ZF, ZTE, and more.

There was tremendous CMOS camera module market growth in volume and revenues from 2018 to 2020. But then, in 2021 revenue growth fell to 5.9% year-over-year, pushing market value to $35.9B.

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 $60.2B industry revenue in 2027, a 9.0% Compound Annual Growth Rate (CAGR) from 2021. The metaverse will drive more camera modules into consumer products. For automotive, increasing levels of autonomy will require more cameras for Advanced Driver Assistance Systems (ADAS), viewing and in-cabin monitoring. In addition, growing adoption of medical endoscopic solutions and security cameras will also help the market thrive. The transition from imaging to sensing will sustain the camera module industry with further opportunities.

The whole supply chain will benefit from this industry momentum, including camera module assembly, CMOS image sensors, optics and lens sets and AF/OIS actuating devices.

Perhaps obviously, the biggest camera module players have the biggest customers. LG Innotek, , passed $10B revenues 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. In camera module manufacturing, Chinese and South Korean companies have about 90% of the market. Meanwhile, competition in CMOS image sensors has become more intense. The ecosystem is still dominated by historical leaders like Sony, Samsung, Omnivision and STMicroelectronics, who are strong players in mobile and consumer markets. Galaxycore, Onsemi, SK Hynix and Smartsens remain solid challengers and are increasing their shares of the camera module industry. 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 autofocus (AF) devices, but high-end Optical Image Stabilisation (OIS) is still owned by historical top players.

Technological innovation is expected to shrink devices and boost imaging or sensing performance.

Image sensors are being developed towards more light sensitivity and stacking. 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, such as free form or liquid lenses, is needed. Metalens devices are perhaps the ultimate evolution to decrease camera module cost, 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.

Glossary

Table of contents 

Report objectives  

Report  scope

Report methodology 

About the authors 

Companies cited in this report

What we got right,  what we got wrong  

Who should be interested in this report

3-Page Summary

Executive Summary  

Context 

• Historical perspective
• Camera module definition
• What’s new? Product launches, collaborations, fundraising
• Camera module applications
• Mobile camera module market trends
• Cost breakdown by resolution

CCM market forecasts    

• 2017 - 2027 volume forecast
• 2017 - 2027 ASP forecast, by application
• 2017 - 2027 revenue forecast
• CCM market - value breakdown
• CCM market forecast analysis

Market shares and supply chain  

• CCM industry - ecosystem
• Camera module - supply chain
• 2021 CCM - revenue market shares
• CCM market share analysis
• 2021 sensors for CCM - revenue market shares
• Sensors for CCM - market share analysis
• 2021 lenses for CCM - revenue market shares
• Lenses for CCM - market share analysis
• 2021 autofocus & OIS for CCM - revenue market shares
• Autofocus & OIS for CCM - market share analysis
• CCM ecosystem analysis

Mobile market trends 

• Mobile phone market trends
• Mobile camera market trends
• Mobile camera cost trends
• Mobile multi-camera trends
• Mobile periscope camera trends
• Mobile under-display camera market trends
• Mobile optical fingerprint market trends
• Mobile camera market trend  – analysis

Consumer and Computing market trends

• Consumer market forecast
• Action camera and drone market trends
• AR/VR market trends
• Smart watch and home device market trends
• Computing and tablet market trends
• Consumer camera market trend  – analysis

Automotive market trends

• Automotive market trends
• Automotive imaging market trends
• Automotive camera module forecast
• Automotive 3D imaging –LiDAR and camera fusion
• Automotive camera market trend  – analysis

Medical market trends

Industrial market trends

Technology trends

• General
• CIS technologies
• Lens technologies
• Zoom, AF/OIS, and module technologies

Conclusion & Outlook 

Yole Group related products

How to use our data?

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