
Folded Optics Camera Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032
Description
Folded Optics Camera Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032
The Global Folded Optics Camera Market was valued at USD 28.5 billion in 2023 and is projected to grow at a CAGR of 8% from 2024 to 2032. As consumer electronics, especially smartphones and wearables, continue to become more compact, the demand for smaller yet powerful camera modules is rising rapidly. The requirement for high-resolution imagery in these devices is one of the main factors driving the growth of the folded optics camera industry. Consumers prioritize enhanced photographic experiences, and folded optics cameras offer superior image quality and zoom capabilities without compromising size. Their compact design and high performance make them highly sought after in flagship smartphones and other premium devices where slim profiles and high-quality imaging are essential.
This combination of features positions folded optics cameras as key components in the next generation of consumer electronics. In terms of technology, the market is segmented into prism-based systems, mirror-based systems, and hybrid systems. Prism-based folded optics systems are expected to dominate, reaching a value of over USD 25 billion by 2032.
These systems are particularly favored for their ability to redirect light paths efficiently within small camera modules, making them ideal for devices like smartphones where space is at a premium. When categorized by application, the market covers photography, security and surveillance, automotive imaging, aerospace and defense, healthcare, and more.
The security and surveillance sector is expected to be the fastest-growing segment, with a CAGR of over 9.5% from 2024 to 2032. In the realm of photography, folded optics cameras are increasingly popular due to their ability to deliver high-resolution images in compact designs, making them ideal for portable devices like smartphones. North America held over 38% of the global folded optics camera market in 2023. The strong technological infrastructure and growing consumer demand for cutting-edge electronics are significant factors driving growth. Additionally, the growing focus on AR and VR technologies, along with the presence of leading tech companies and robust research and development activities, further accelerates the adoption of folded optics cameras in the region
Table of Contents
190 Pages
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Miniaturization of consumer electronics
- 3.8.1.2 Demand for high-resolution imaging
- 3.8.1.3 Growth in Augmented Reality (AR) and Virtual Reality (VR) applications
- 3.8.1.4 Advancements in optical technology
- 3.8.1.5 Rising adoption in automotive applications
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High manufacturing costs
- 3.8.2.2 Technological integration and compatibility issues
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 (USD million & Units)
- 5.1 Key trends
- 5.2 Lens system
- 5.2.1 Primary lens
- 5.2.2 Secondary lens
- 5.2.3 Collimator lens
- 5.2.4 Reflective mirrors
- 5.3 Image sensors
- 5.3.1 CMOS (complementary metal-oxide-semiconductor)
- 5.3.2 CCD (charge-coupled device)
- 5.4 Actuators
- 5.4.1 Reflective elements
- 5.4.2 Other
- Chapter 6 Market Estimates & Forecast, By Camera Type, 2021 - 2032 (USD million & Units)
- 6.1 Key trends
- 6.2 Smartphone cameras
- 6.2.1 Telephoto lens cameras
- 6.2.2 Periscope cameras
- 6.3 Compact digital cameras
- 6.3.1 Point-and-shoot cameras
- 6.3.2 Mirrorless cameras
- 6.4 Drone cameras
- 6.4.1 Consumer drones
- 6.4.2 Commercial drones
- 6.5 Automotive cameras
- 6.6 Surveillance cameras
- 6.6.1 Indoor surveillance
- 6.6.2 Outdoor surveillance
- 6.7 Others
- Chapter 7 Market Estimates & Forecast, By Lens Configuration, 2021 - 2032 (USD million & Units)
- 7.1 Key trends
- 7.2 Single-lens configuration
- 7.3 Dual-lens configuration
- 7.4 Multi-lens configuration
- Chapter 8 Market Estimates & Forecast, By Technology, 2021 - 2032 (USD million & Units)
- 8.1 Key trends
- 8.2 Folded optics with prism-based systems
- 8.3 Folded optics with mirror-based systems
- 8.4 Hybrid systems
- Chapter 9 Market Estimates & Forecast, By End Use Industry, 2021 - 2032 (USD million & Units)
- 9.1 Key trends
- 9.2 Consumer electronics
- 9.2.1 Smartphones
- 9.2.2 Tablets
- 9.2.3 Digital cameras
- 9.3 Automotive
- 9.4 Healthcare
- 9.5 Aerospace & defense
- 9.6 Others
- Chapter 10 Market Estimates & Forecast, By Application, 2021 - 2032 (USD million & Units)
- 10.1 Key trends
- 10.2 Photography
- 10.3 Security & surveillance
- 10.4 Automotive imaging
- 10.5 Aerospace & defense
- 10.6 Healthcare
- 10.7 Others
- Chapter 11 Market Estimates & Forecast, By Region, 2021 - 2032 (USD million & Units)
- 11.1 Key trends
- 11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 ANZ
- 11.4.6 Rest of Asia Pacific
- 11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Rest of Latin America
- 11.6 MEA
- 11.6.1 UAE
- 11.6.2 South Africa
- 11.6.3 Saudi Arabia
- 11.6.4 Rest of MEA
- Chapter 12 Company Profiles
- 12.1 AAC Technologies
- 12.2 Apple Inc.
- 12.3 Canon Inc.
- 12.4 Core Photonics
- 12.5 Huawei Technologies
- 12.6 Intel Corporation
- 12.7 LG Electronics
- 12.8 Nikon Corporation
- 12.9 O-Film Tech Co., Ltd.
- 12.10 OmniVision Technologies
- 12.11 Ophir Optronics Solutions Ltd
- 12.12 OPPO
- 12.13 Optotune
- 12.14 Panasonic Corporation
- 12.15 RP Optical Lab
- 12.16 Samsung Electronics
- 12.17 Sony Corporation
- 12.18 Sunny Optical Group
- 12.19 vivo Mobile Communication Co., Ltd.
- 12.20 Xiaomi
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