Mobile Phone Camera Lens Market Insights Video

According to Cognitive Market Research, the global mobile phone camera lens market size is USD 5815.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 9.60% from 2023 to 2030.

• North America held the major market of more than 40% of the global revenue with market size of USD 2326.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030
• Europe Mobile Phone Camera Lens is projected to expand at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 1744.56 million.
• Asia Pacific held the major market of more than 23% of the global revenue with market size of USD 1337.50 million in 2023 and will grow at a compound annual growth rate (CAGR) of 11.6% from 2023 to 2030
• Latin America market has more than 5% of the global revenue with a market size of USD 290.76 million in 2023 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2023 to 2030
• Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 116.30 million in 2023 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030
• The demand for mobile phone camera lenses is rising because of the rapid development of mobile phone technology, the consistent increase in the usage of camera lenses, the rising purchasing power in emerging nations, and the constant need for advanced mobile phone camera lenses.
• Demand for 16+ M-Pixel lenses remains higher because 16+ megapixel lenses are a powerful marketing tool. Users searching for a high-quality camera phone will commonly see them advertised.
• The feature phones category held the highest medical and microscopes market revenue share in 2023.