The North America Camera Modules Market would witness market growth of 8.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 207.5 million units, showcasing a growth of 2.4% (2019-2022).
Smartphone camera modules have evolved significantly, introducing features like multiple lenses, image stabilization, night mode, and computational photography. These innovations have transformed how we capture and share moments and impacted industries like social media, e-commerce, and augmented reality. From snapping photos for social media platforms to enhancing the online shopping experience with augmented reality try-ons, smartphone camera modules have become indispensable consumer tools.
In the automotive sector, camera modules have played a pivotal role in enhancing safety and enabling automation. Advanced driver assistance systems (ADAS) depend heavily on camera modules to provide features like lane departure warnings, adaptive cruise control, and automated parking. These systems use image recognition and computer vision algorithms to analyze the surroundings and make real-time decisions, improving road safety and reducing accidents.
Canadians have embraced electronic commerce amid a significant disruption in retail channels. As per the International Trade Administration, over 27 million eCommerce users, or 75% of the Canadian population, were present in Canada in 2022. This proportion is expected to reach 77.6% in 2025. March 2022 e-commerce sales were estimated to be around $2.34 billion. Retail eCommerce sales are anticipated to reach $40.3 billion in US sales by 2025. As a response to competition from websites like Amazon Canada, retailers use digital platforms to reach consumers distributed over a broad landmass. These factors will boost the demand for camera modules in the North America region.
The US market dominated the North America Camera Modules Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $15,063.1 million by 2030. The Canada market is exhibiting a CAGR of 11.1% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 10.1% during (2023 - 2030).
Based on Interface, the market is segmented into Serial and Parallel. Based on Focus Type, the market is segmented into Fixed Focus and Auto Focus. Based on Pixel, the market is segmented into Upto 7 MP, 8 - 13 MP and Above 13 MP. Based on Component, the market is segmented into Image Sensors (CCD, CMOS, and Others), Lens Modules, Voice Coil Motor and Others. Based on Industry, the market is segmented into Consumer Electronics (Smartphones, Camera, Tablets & PC, Wearable and Others), Automotive, Security & Surveillance, Industrial, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Camera Modules Market is Predict to reach $78.2 Billion by 2030, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hon Hai Precision Industry Co., Ltd., Sony Corporation, Intel Corporation, Samsung Electro-Mechanics Co., Ltd. (Samsung Electronics Co., Ltd.), Fujifilm Holdings Corporation, OmniVision Technologies, Inc. (OmniVision Group-Shanghai Weir Semiconductor Co., Ltd.), ams-OSRAM AG, STMicroelectronics N.V., Sharp Corporation, and ON Semiconductor Corporation.
By Interface (Volume, Million Units, USD Million, 2019-2030)
By Focus Type (Volume, Million Units, USD Million, 2019-2030)
By Pixel (Volume, Million Units, USD Million, 2019-2030)
By Component
By Industry (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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