Summary

Overview
Global Smartphone Camera Lens Market reached US$ 5.5 billion in 2022 and is expected to reach US$ 9.7 billion by 2030, growing with a CAGR of 9.2% during the forecast period 2023-2030.
Smartphone key players are adopting multi-camera configurations, such as wide-angle, telephoto and macro lenses. The diversity in camera lenses caters to users' diverse photography needs and preferences. An increase in the consumer demand for the smartphones with smartphone camera lenses to click good quality photo further helps to boost market growth over the forecast period.
Technological advancements in the smartphone camera lens helps to boost market growth of the smartphone camera lens over the forecast period. For instance, on March 26, 2021, Xiaomi's new smartphones were launched in the market with a liquid camera lens. The liquid lens includes layer of liquid andthe lens focus and focal length are changed by applying an electrical voltage.
In 2022, Asia-Pacific accounted for more than 1/3rd of the market share of the global smartphone camera lens market due to India has also emerged as a significant market player in the region with its ongoing initiative such as ‘Make in India’, aiming to expand the country's manufacturing of smartphones and accessories. The country aims to achieve exports of US$ 100 billion in mobile phones and accessories and nearly US$ 40 billion in components by 2025.
Dynamics
Growing Consumer Demand for High-Quality Photography
Consumers often prioritize camera quality when purchasing smartphones. Manufacturers respond by improving camera systems, including the lenses, sensors and image processing capabilities. It drives smartphone sales as users seek devices that meet their photography needs. High-quality photography enthusiasts are more likely to upgrade their smartphones regularly to access the latest camera innovations. It leads to a continuous cycle of demand for new devices with improved camera lenses.
Consumer preferences often align with photography trends. For example, the popularity of portrait mode, night mode and wide-angle photography has led to the incorporation of specialized camera lenses in smartphones. Increase in the product launches by major key players of smartphone cameras with high-quality megapixel cameras to fulfill consumers's demand for photography. For instance, on August 16, 2023, the Apple iPhone 16 Pro became available for sale in the market along with a 48MPa ultrawide camera.
Social Media and Content Creation
Social media platforms like Instagram, TikTok, Snapchat and YouTube prioritize visual content. It require high-quality camera systems to produce engaging content that attracts and retains followers. The photography trends popularized by content creators, such as portrait mode, bokeh effects, time-lapse, slow-motion and creative filters, have driven smartphone manufacturers to invest in specialized camera lenses and features to cater to these trends.
According to the data published by the VdoCipher, on August 20, 2023, the content creater economy is now multibillion dollar and is estimated to reach US$ 104.2 billion in 2022. The rapid growth in social media and content creation globally helps to boost the market growth of the smartphone camera lens market.
Rising Smartphone Penetration Globally
Rising smartphone penetration indeed plays a significant role in boosting the growth of the smartphone lens market. Many users prioritize camera quality when considering an upgrade, leading to a continuous cycle of demand for smartphones with improved camera lenses. Intense competition among smartphone manufacturers drives innovation in camera technology.
Companies invest in research and development to differentiate their products by offering unique camera features and capabilities, stimulating market growth. According to the Annual Status of Education Report (ASER) survey, the availability of smartphones in rural India was 36.5% in 2018 and increased to 61.8% in 2020 and 67.6 % in 2021. Smartphone penetration is doubled in the past three years.
Market Saturation
Smartphone penetration is high, leading to market saturation. Most consumers already own smartphones, making it challenging to achieve significant growth without offering compelling reasons for upgrades. Consumers are holding onto their smartphones for longer periods before upgrading, primarily due to incremental improvements in new models. Lengthening replacement cycles limit the frequency of smartphone purchases and, consequently, the demand for new camera lenses.
Manufacturers face cost pressure to keep smartphone prices competitive, especially in emerging markets. The pressure can limit the budget allocated to camera technology, impacting the quality of camera lenses in lower-priced devices. Smartphones are not the only devices consumers use for photography. The popularity of digital cameras, action cameras and drones may divert some consumers away from upgrading their smartphones solely for camera improvements.
Segment Analysis
The global smartphone camera lens market is segmented based on type, technology, compatibility, distribution channel, application and region.
Increase in the Consumers adoption of the 16+ MEGA Globally
In 2022, 16+ MEGA is expected to be the dominant segment in the global market covering around 1/3rd of the market. As smartphone users increasingly depends on their smartphones for capturing important photographs, they seek high-quality photos and videos. The popularity of social media platforms and content creation has surged. Users want to produce visually appealing content for sharing on platforms like Instagram, TikTok and YouTube.
Higher-resolution cameras provide the necessary image quality for engaging content. With the rise of vlogging and live streaming, users require smartphones with capable cameras to create professional-looking videos. Higher-resolution lenses enable better video quality and more flexibility in post-production editing.
Some of the major key players in the market launched 16+ MEGA smartphone camera lens in the market to fulfill consumers' demand. For instance, on February 09, 2023, Xiaomi completed partnership with the Leica to bring DSLR like camera capabilities to its smartphone.The new launched camera have lens capacity of 8-megapixel to 16-megapixel and now increase its capacity to the 200-megapixel camera sensor. The newly launched Galaxy S23 series is come with the 200-megapixel camera from Sony.
Geographical Penetration
Growing Demand for Smartphones in Asia-Pacific
In 2022, Asia-Pacific accounted for more than 1/3rdof the global market share in the smartphone camera lens market. India and China are experiencing rapid urbanization that helps to boost demand for consumer smartphones with advanced camera capabilities. Smartphone manufacturers target smartphone camera lenses with a wide range of devices catering to various prices.
The diversity contributes to increased sales and adoption of smartphones with different camera specifications. Selfies have become a significant cultural phenomenon in many Asian countries. Smartphone manufacturers have responded by incorporating advanced front-facing camera technology, including high-resolution sensors and AI-enhanced features, to cater to selfie enthusiasts.
As more people transition from feature phones to smartphones, the demand for devices with better camera capabilities increases. Increase in the product launches by major key players helps to boost market growth over the forecast period. For instance, on December 08, 2022, TECNO, a Chinese mobile manufacturer launched its new high-end PHANTOM X2 smartphone series in the market that offering world-first camera lens and its powerful MEGABOOK S1 laptop at its global launch event in Dubai.
Competitive Landscape
The major global players in the market include Ability Opto-Electronics Technology Co. Ltd, AAC Technologies, Cowell Optics, IM Co. Ltd, Kantatsu Co. Ltd, SEKONIX Co. Ltd, Genius Electronic Optical (GSEO), Sunny Optical Technology Company Limited, Largan Precision Company Limited and Union Optech (Zhongshan) Co. Ltd.
COVID-19 Impact Analysis
The pandemic disrupted global supply chains, particularly in the electronics and technology sectors. Many manufacturers faced challenges in sourcing raw materials and components, which could have led to production delays and increased costs for smartphone camera lens manufacturers. Lockdowns, social distancing measures and labor shortages in manufacturing facilities disrupted production schedules. It has impacted the availability and production volumes of camera lenses for smartphones.
The need for telemedicine and remote healthcare consultations during the pandemic has boosted the demand for smartphones with high-quality camera lenses to support video calls and medical imaging applications. Smartphone camera lens manufacturers and retailers adapted to this shift by focusing more on e-commerce sales channels. Some smartphone manufacturers may have postponed or delayed the launch of new models due to the pandemic-related uncertainties.
Russia-Ukraine War Impact Analysis
Ukraine plays a significant role in global semiconductor manufacturing, including the production of sensors and chips used in smartphone camera systems. Any disruptions in the semiconductor supply chain could indirectly affect the production of camera lenses for smartphones. Supply chain disruptions and uncertainty can lead to price volatility for key components and materials used in camera lens production. Manufacturers may face fluctuating costs for raw materials, which impact pricing and profitability.
Instability and disruptions in Ukraine and neighboring regions may lead to transportation and logistics challenges. Delayed shipments of components and materials can affect the production schedules of smartphone camera lens manufacturers. Geopolitical instability creates uncertainty in global markets, affecting consumer confidence and purchasing decisions. The uncertainty influences smartphone sales, including those with advanced camera systems.
By Type
• VGA
• 1.3 MEGA
• 2 MEGA
• 3 MEGA
• 5 MEGA
• 8 MEGA
• 13 MEGA
• 16+ MEGA
• Others
By Technology
• Wide angle
• Fisheye
• Telephoto
• Others
By Compatibility
• iPhone
• Android
• Multidevice
By Distribution Channel
• Online
• Offline
By Application
• Front-End Camera
• Rear-End Camera
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• On December 28, 2022, LG's innovative compact lens rid camera bump on premium smartphones. Optical telephoto zoom camera module drastically reduced the camera bump on the back of the phone.
• On November 29, 2022, Tamron Co., Ltd., a leading manufacturer of optics announced the launch of TAMRON Lens Utility Mobile, a dedicated application for smartphones and tablets. It provides convenient use in the field and expands the possibilities of video and still photography.
• On May 23, 2022, Xiaomi, a leading consumers electronics and smart manufacturing company and Leica Camera announced long-term strategic cooperation. Leica Camera has been creating lightweight cameras favored by street photographer pioneers and world-class optical lenses.
Why Purchase the Report?
• To visualize the global smartphone camera lens market segmentation based on type, technology, compatibility, distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of smartphone camera lens market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global smartphone camera lens market report would provide approximately 77 tables, 82 figures and 205 pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

ページTOPに戻る

Table of Contents