The "electronic eyeballs" CCD and CMOS are both semiconductor devices. Despite the fact that they both use photodiodes, their production processes and signal readout techniques are different. The individual pixel signals can be magnified with a complementary metal oxide semiconductor (CMOS) image sensor, which has a photodiode and a CMOS transistor switch for each pixel. The pixel signals can be accessed directly, sequentially, and at a rate far faster than a CCD sensor by manipulating the matrix of switches. The market for CMOS camera modules is being propelled by the rising acceptance of social media platforms. The increase in automation across industries will speed up market expansion even more.

Region Analysis:

APAC dominated the Camera Modules market in 2020, followed by North Europe and APAC. This was due to the abundance of businesses and widespread use of consumer electronics in this region. The increasing need for 3D Motion sensors in security and surveillance cameras, as well as the trend toward advanced cameras in consumer electronics and ADAS in cars, are some of the main factors propelling this market.

Key Development:

• In September 2021- LG Innotek developed the ECO Magnet in collaboration with SGI (Sung Lim Group Industry) Co. (South Korea)–a magnet company. The ECO Magnet helps in providing clearer photos and videos by increasing the driving force of the actuator when applied to a high-pixel smartphone camera.
• In August 2021- Hon Hai Precision Inc. Co., Ltd. (Foxconn) is expanding its applications from just fitting completed units in iPhone to assemble iPhone camera components. This expansion aims to strengthen Foxconn’s position in the market.

Segmentation:

CMOS Camera Module Market accounted for US$ 33.4 billion in 2020 and is estimated to be US$ 85.74 billion by 2030 and is anticipated to register a CAGR of 9.9%. The CMOS Camera Module Market is segmented based on type, application, and region.

• On the basis of type, the CMOS Camera Module Market is segmented into Plastic Lens, Transparent Ceramics Lens, and Liquid Crystal Lens.
• On the basis of Application, the CMOS Camera Module Market is segmented into Smartphone and Camera.
• On the basis of region, the CMOS Camera Module Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Analysis:                                                                                                 

The key players operating in the CMOS Camera Module Market includes Sunny, Sharpe, LG-Innotek, Lite-On, O-Filme, SEMCO, Foxconn, Cowell, Patron, Q-tech.

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