Smartphone Camera Lens Market 2025-2032 with Business Overview, Industry Analysis, Investment Plans, Size, Share, Forecast 2032 | Largan Precision Co., Ltd. , Sunny Optical Technology Company Limited Genius Electronic Optical Co., Ltd.

Market Size and Overview

- Evolving smartphone photography demands and integration of AR/VR camera modules are driving diversification in lens specifications.

- The rise in periscope and telephoto lens adoption supports higher zoom ratios and fuels market growth.

- The Global Smartphone Camera Lens Market size is estimated to be valued at USD 6.34 Bn in 2025 and is expected to reach USD 11.01 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.2% from 2025 to 2032.

- According to the 2024 Smartphone Camera Lens Market report and market research by our team, APAC accounted for nearly 45% of the industry size, underscoring the market's robust business growth and market dynamics.

- This market analysis highlights the market scope for multi-camera modules, supported by rising smartphone shipments and consumer demand for high-resolution imaging, reinforcing market revenue projections.

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Key Companies

Below is a list of leading market companies shaping the Smartphone Camera Lens Market:

• Largan Precision Co., Ltd.

• Sunny Optical Technology Company Limited

• Genius Electronic Optical Co., Ltd.

• AAC Technologies Holdings Inc.

• Asia Optical Co., Inc.

• Ability Opto-Electronics Technology Co., Ltd.

• Hoya Corporation

• Zeiss AG

• Samsung Electro-Mechanics

• Sony Corporation

• Nikon Corporation

• Schott AG

Key Takeaways

- Region: Dominating Region: Asia Pacific holds approximately 45% market share in 2025, fueled by a 12% surge in smartphone shipments in China and India in 2024; Fastest Growing Region: Middle East & Africa is projected to expand at a 6.5% CAGR in 2025, driven by escalating 4G/5G infrastructure investments and new market opportunities.

- Market Segments by lens type: Two primary market segments-wide-angle and telephoto. The wide-angle sub-segment dominates with 38% revenue in 2025, while telephoto is the fastest-growing sub-segment, having grown 8.7% YoY in 2024, per our market analysis.

- Market Segments by material: Glass lenses account for a 60% industry share in 2025; plastic lenses are the fastest-growing sub-segment, rising 9.3% in 2024 due to cost-effective manufacturing and material innovations.

Growth Factors

- Multi-camera architecture expansion: Smartphones featuring three or more camera modules rose to 62% of global shipments in 2025 (up from 48% in 2024), driving lens orders up 14%, underscoring primary market drivers for segment expansion.

- 5G network penetration: Global 5G subscriptions reached 1.8 billion in 2025, accelerating high-bandwidth applications and fueling demand for high-resolution lens modules, supporting sustained market growth.

- AI-enhanced imaging adoption: Leading suppliers allocated 20% of their R&D budgets to AI-based lens coatings in 2024, boosting low-light performance by 30% and creating new market opportunities.

Detailed Segmentation:

Resolution Insights (Revenue, USD Bn, 2020 - 2032)
16+ Megapixel
13 Megapixel
8 Megapixel
Others

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Market Trends

- Periscope lens adoption: Shipments of periscope modules reached 220 million units in 2025, a 25% YoY increase from 176 million in 2024, aligning with premium smartphone demand and reinforcing Smartphone Camera Lens Market trends.

- Sustainable materials integration: Adoption of recycled polymers for lens housings rose 11% in 2025, addressing regulatory market restraints and environmental market challenges, influencing supplier strategies.

- AR/VR lens component integration: AR-capable lens orders increased 35% in Q1 2025, supporting emerging wearable devices and creating new industry trends in extended reality applications.

Actionable Insights

- Supply-side indicators: Global lens production capacity expanded to 2.5 billion units in 2024 (+8% YoY); average ASP increased to USD 1.75 per lens, boosting manufacturer margins and overall market revenue.

- Demand-side indicators: European imports of smartphone camera lenses surged by 15% in 2025, driven by 9% growth in regional smartphone sales; automotive imaging modules accounted for 5 million units, broadening market scope.

- Micro-indicators: Average mold yield rates improved to 92% in 2025 (vs. 89% in 2024), reducing production costs by 7% and enabling suppliers to refine pricing strategies.

- Nano-indicators: Sub-0.5 mm lens elements comprised 18% of total volume in 2024, signaling shifts toward compact multi-lens arrays and informing broader market insights for precise business growth planning.

Competitive Strategies

- Largan Precision announced a USD 150 M capacity expansion in 2024 for periscope lens modules, leading to a 3% increase in the Smartphone Camera Lens Market share in Q2 2025.

- Sunny Optical Technology formed a strategic alliance in Q1 2025 with a leading OEM to co-develop 5x optical zoom lenses, boosting its market revenue by 12% in H1 2025.

- AAC Technologies invested 25% of its R&D budget in miniaturization technologies in 2024, reducing part size by 15% and securing new flagship smartphone contracts, exemplifying effective market growth strategies.

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FAQs

1. Who are the dominant players in the Smartphone Camera Lens Market?

The market is led by Largan Precision, Sunny Optical, Genius Electronic Optical, AAC Technologies and Asia Optical, which together held over 58% market share in 2025.

2. What will be the size of the Smartphone Camera Lens Market in the coming years?

According to our market forecast, the market size will grow from USD 6.34 Bn in 2025 to USD 11.01 Bn by 2032, reflecting sustained market growth and business growth.

3. Which end-user industry has the largest growth opportunity?

Smartphone OEMs in premium and flagship segments represent the largest growth opportunity, accounting for 62% of market revenue in 2025; automotive imaging and AR/VR modules also create new market opportunities.

4. How will market development trends evolve over the next five years?

Periscope and AI-optimized lenses will gain traction, while AR/VR integration and sustainable materials will reshape industry trends and market dynamics by 2030.

5. What is the nature of the competitive landscape and challenges in the Smartphone Camera Lens Market?

The landscape remains fragmented with high R&D costs and material restraints; key market challenges include miniaturization, coating consistency and managing supply chain disruptions.

6. What go-to-market strategies are commonly adopted in the Smartphone Camera Lens Market?

Industry players pursue capacity expansion, strategic OEM partnerships, mergers & acquisitions for technology access and differentiated lens coatings as core market growth strategies.

Author of this marketing PR:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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