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Compact camera modules ports Dr. Florian Domengie, senior technol-
may reach $60.2 billion by 2027 ogy and market analyst within the Photon-
ics & Sensing division at Yole Intelligence.
LYON, France — Driven by innova-
tions in mobile handsets, the adop- Many further opportunities
tion of multiple cameras in cars and “In addition,’ He adds, “the growing adop-
emerging consumer applications, the tion of medical endoscopic solutions and
compact consumer camera module security cameras will help the market
market is expected to reach about thrive. The transition from imaging to
$60.2 billion in 2027, according to the sensing will sustain the camera module
Yole Group. industry with many further opportunities.”
From imaging to sensing Perhaps obviously, the biggest camera
Some of the CCM applications are now module players have the biggest custom-
slowly moving from imaging to sensing. In ers.
CCM manufacturing, China and South Ko-
rea together have a market share of about LG Innotek passed US$10 billion in reve-
90%. In 2021, South Korean companies nue in 2021, benefiting from being Apple’s
were involved in Samsung and Apple sup- supplier and serving the thriving automo-
ply chains tive cameras industry. In contrast, Ofilm is
still suffering from the US trade ban on its
“The metaverse will surely drive more partner Huawei.
camera modules into consumer products.
For automotive, increasing levels of au- More competition
tonomy will require more cameras. ADAS, Meanwhile, competition in CIS has become
viewing, and in-cabin monitoring are inte- more intense. The ecosystem is still domi-
gral parts of the future playground,” re- nated by historical leaders like Sony, Sam-
sung, OmniVision, and STMicroelectronics,
who are strong
players in the mo-
bile and consumer
markets.
GalaxyCore, Onse-
mi, SK Hynix, and
SmartSens remain
solid challengers
and are increas-
ing their shares of
the camera module
market.
In lenses, Largan
and Sunny Optical
hold over 50% of
the market.
yolegroup.com
