Press release
Smartphone Camera Lens Market is expected to reach US$ 9.7 billion by 2030, Asia Pacific holds 48% of global market share
Smart phone cameras lens
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.
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United States: Key Industry Developments
✅ August 2025: VisEra Technologies expanded its Longtan plant to boost production of thin-form optics for smartphones, responding to rising demand for advanced camera image sensors (CIS).
✅ March 2025: Largan Precision formed a strategic partnership with Oppo Electronics to co-develop premium smartphone camera lenses and modules, enhancing high-end lens supply chains.
✅ March 2025: Xiaomi and Realme showcased concept phones with interchangeable or magnetic DSLR-grade lenses at MWC 2025, highlighting growing interest in modular smartphone photography systems.
Japan Industry development:-
✅ August 2025: Japanese firms advanced AI integration in smartphone camera lenses, focusing on real-time image processing, scene optimization, and durable advanced coatings for premium devices.
✅ January 2025: Sony Corporation signed a joint development agreement with Huawei to optimize smartphone camera modules, combining Sony's high-resolution sensors and lens designs for next-gen devices.
✅ June 2025: Genius Electronic Optical forecasted stronger second-half orders driven by premium handset launches and increased periscope lens adoption in high-end smartphones.
Recent Mergers&Aquisitions
→ In June 2025, Sharp announced that it will sell its smartphone camera-module business (including SAIGON STEC) to Fullertain Information Technologies Ltd. (a subsidiary of Foxconn) the deal is valued at approximately JPY 2.4 billion (~ US $16.6 million).
→ In July 2025, Lumentum Holdings reportedly acquired a startup specializing in optical-zoom technologies for smartphone cameras a move that expands its portfolio in advanced smartphone camera lens systems.
→ In March 2025, a strategic collaboration was announced between Largan Precision and OmniVision Technologies to optimize supply of high-end smartphone camera lenses and improve module integration capabilities. While not a full acquisition, this partnership significantly reshapes supply-chain dynamics in the high-end lens space.
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Excel data sheet with numerous data points of smartphone camera lens market-level with all segments.
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Market Segmentation-
By Lens Type / Resolution
→ This segmentation classifies lenses based on their resolution (megapixel (MP) rating or legacy categories).
VGA ( 0.3 MP): Very low-end/basic cameras, used primarily in ultra-budget phones or legacy devices. According to one report, VGA lenses are used in only a small portion of shipments (e.g., "less than 4% of smartphones shipped in 2024" in that report).
1.3 MEGA: Low-resolution lenses (around 1.3 MP). They also hold a minor share; for example, in a 2023 breakdown by one source, 1.3 MP lenses accounted for a few percent of units.
2 MEGA: Often used for auxiliary roles like depth sensing, macro, secondary/rear cameras in low- to mid-range phones. Some reports indicate ~12% share in global demand for lenses.
3 MEGA: Also used in secondary/tertiary cameras for modest imaging tasks; one source mentions 7% global share.
Higher-resolution (5 MP, 8 MP, 13 MP, 16+ MP, etc.): These dominate in mid-to-high range smartphones. For example, "16+ MEGA" lenses and higher-resolution lenses are increasingly used in premium and mid-range devices.
"Others" / Specialty Lenses: This includes specialized modules (periscope/telephoto, ultra-wide, macro, depth sensors, etc.). These are used in multi-camera systems, especially in premium devices.
Key Developments:-
→ 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.
→ 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.
→ 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.
Regional insights:-
➠ Asia-Pacific -48%
Asia-Pacific leads the market driven by China's dominant smartphone assembly & component ecosystem, large volumes from OEMs (Xiaomi, Oppo, Vivo, Huawei), rising Indian production, and strong demand for multi-lens phones.
➠ North America - 26%
North America (primarily the U.S.) represents a significant share driven by premium device demand (Apple, Google), advanced optical R&D, and higher ASPs for multi-camera modules.
➠ Europe -18%
Europe is a mature market with steady demand concentrated in premium segments and stronger emphasis on optical partnerships (Zeiss, Leica collaborations), regulatory/environmental considerations, and higher per-unit revenues .
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.
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