# Mobile Phone Camera Module Market

> Mobile phone camera module market: USD 32.93 billion in 2025, USD 51.8 billion by 2035 (4.63% CAGR), lifted by periscope and OIS modules in mid-range phones.

Publisher: Douglas Insights  
Author: Douglas Insights Research Desk  
Report code: DI-IT-10435  
Published: 2026-10-03  
Last updated: 2026-10-03  
Next review: Apr 2027  
Page: https://www.douglasinsights.com/mobile-phone-camera-module-market/

## Key figures

| Measure | Value | How it is built |
| --- | --- | --- |
| Market size · 2025 | $32.93 Bn | 3.92 billion modules × USD 8.40 average realised price = USD 32.93 billion. |
| Forecast · 2035 | $51.8 Bn | USD 32.93 billion compounded at 4.63% a year from 2026 to 2035. |
| Revenue CAGR · 2026-2035 | 4.63% | Modules grow 1.18% a year and average price 3.41%. |
| Volume · 2035 | 4.41 billion modules | 3.92 billion modules in 2025 growing 1.18% a year. |
| Leading segment | Rear main wide, 40.7% | USD 13.4 billion in 2025. |
| Fastest segment | Rear telephoto and periscope, 8.63% | Folded optics move from flagship into upper mid-range phones. |
| Fastest region | Middle East and Africa, 5.12% | First-time smartphone buyers replace feature phones. |
| Market leader | LG Innotek, 34.2% | Douglas Insights estimate; top three hold 52.0%. |
| Event | Regulation (EU) 2023/1670 applies from 20 Jun 2025 | Camera assemblies must stay available as spare parts for seven years. |

## Key takeaways

- Mobile phone camera modules are worth USD 32.93 billion in 2025 and USD 51.8 billion in 2035, a 4.63% revenue CAGR.
- 3.92 billion modules at an average USD 8.40 make up the 2025 base, with units growing 1.18% and price 3.41% a year.
- Rear main wide modules lead at 40.7% of value, while rear telephoto and periscope modules grow fastest at 8.63%.
- Asia Pacific holds 52.3% of 2025 value, and the Middle East and Africa grows fastest at 5.12%.
- LG Innotek leads with 34.2% by Douglas Insights estimate, and the top three suppliers hold 52.0%.

GSMA Intelligence counts 5.8 billion unique mobile subscribers, and nearly every handset in that installed base carries between two and five camera modules. The mobile phone camera module market covers the assembled imaging units inside smartphones and feature phones: lens stack, image sensor, focus actuator, infrared filter and flex circuit, sold by module makers to handset brands. Douglas Insights sizes it at USD 32.93 billion in 2025: 3.92 billion modules × USD 8.40 average realised price = USD 32.93 billion. Our model reaches USD 51.8 billion in 2035, a revenue CAGR of 4.63% over 2026 to 2035. Since [Regulation (EU) 2023/1670 began to apply on 20 June 2025](https://eur-lex.europa.eu/eli/reg/2023/1670/oj/eng), every phone placed on the European Union (EU) market must keep front-facing and rear-facing camera assemblies available to professional repairers for at least seven years after the model leaves sale. The study belongs to our [sensors and instrumentation](https://www.douglasinsights.com/industry/ict-semiconductors/sensors-instrumentation/) research and follows the [Douglas Insights research methodology](https://www.douglasinsights.com/research-methodology/).

## Which camera module segment makes the money: rear main, periscope telephoto, ultra-wide, selfie or depth?

Rear main wide camera modules make the most money, at USD 13.4 billion or 40.7% of mobile phone camera module value in 2025. Rear telephoto and periscope modules grow fastest, at 8.63% a year to 2035, because folded optics are moving from flagship phones into upper mid-range models.

| Camera position | Share 2025 | Value 2025 | CAGR 2026-2035 | Value 2035 |
| --- | --- | --- | --- | --- |
| Rear main wide | 40.7% | USD 13.4 billion | 4.04% | USD 19.9 billion |
| Rear telephoto and periscope | 18.6% | USD 6.12 billion | 8.63% | USD 14.0 billion |
| Rear ultra-wide | 12.9% | USD 4.25 billion | 4.17% | USD 6.39 billion |
| Front-facing selfie | 19.4% | USD 6.39 billion | 3.18% | USD 8.74 billion |
| Depth and macro auxiliary | 8.4% | USD 2.77 billion | -1.37% | USD 2.41 billion |

Rear main wide modules hold 40.7%, worth USD 13.4 billion, and grow at 4.04% to USD 19.9 billion in 2035. Every phone carries one. It gets the largest sensor and the widest lens.

Rear telephoto and periscope modules take 18.6%, or USD 6.12 billion, and more than double to USD 14.0 billion by 2035. A periscope folds the light path through a prism so a 3x to 5x zoom fits inside a slim phone body, and that prism, the longer lens barrel and the larger actuator lift its invoice well above a main camera.

Front-facing selfie modules carry 19.4%, worth USD 6.39 billion, growing at 3.18%. Volume is high, since every phone has at least one, but fixed focus designs keep the unit price low.

Rear ultra-wide modules hold 12.9%, or USD 4.25 billion, rising at 4.17% as brands add autofocus for close-up shots. Depth and macro auxiliary modules, at 8.4% or USD 2.77 billion, are the only shrinking group, falling 1.37% a year to USD 2.41 billion as entry phones drop 2-megapixel helper cameras.

## How does the 32-megapixel line divide phone camera module value?

32MP and above modules earn 63.7% of mobile phone camera module value in 2025, worth USD 21.0 billion. Below 32MP modules keep 36.3%, worth USD 12.0 billion, because high-resolution sensors cost several times more per module than 13-megapixel and 8-megapixel parts.

Unit counts tell a different story. In its [annual results for the year ended 31 December 2025](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0316/2026031600335.pdf), Q Technology reported that modules of 32 megapixels and above made up only about 48.2% of its smartphone camera module sales volume, and that smartphone module volume grew about 3.0%. The same filing shows its camera module average selling price (ASP) rising from about RMB34.12 to RMB40.84, a 19.7% step that reflects richer resolution and stabilisation content rather than more units.

Douglas Insights reads that gap as the core of this market: about half the modules carry nearly two thirds of the money. Q Technology set a 2026 target of at least 5% growth in smartphone module units, so the value shift toward 32MP and above modules continues even with modest volume.

## Which actuator category is gaining in phone camera modules: fixed focus, VCM autofocus or OIS?

Optical image stabilisation (OIS) modules lead by value at 46.9% of the 2025 mobile phone camera module total, worth USD 15.4 billion. Voice coil motor (VCM) autofocus modules take 38.9% and fixed focus modules 14.2%, as stabilisers spread from main cameras into telephoto and ultra-wide positions.

OIS adds a second set of coils or a moving sensor stage, so an OIS module sells for roughly twice a comparable VCM autofocus unit on our price model. VCM autofocus remains the default for main cameras below USD 200 and for most ultra-wide modules, worth USD 12.8 billion in 2025. Fixed focus modules, worth USD 4.68 billion, serve selfie, depth and macro positions where a 2-megapixel or 5-megapixel sensor needs no moving lens.

## What powers multi-camera and periscope module growth in phones?

Mobile phone camera module units rise 1.18% a year in the Douglas Insights base case, from 3.92 billion in 2025 to 4.41 billion in 2035. Three forces build that volume leg: handset shipment recovery in emerging markets, more rear cameras in mid-range phones and foldables with extra selfie units.

### Handset shipments back at their 2021 level

Our model takes 1.25 billion smartphones shipped worldwide in 2025, 2% more than the year before and the highest annual total since 2021. Each extra phone pulls through about three camera modules, so shipment recovery carries the largest share of unit growth. Q Technology alone sold 353.8 million phone camera modules in the first ten months of 2025, and Sunny Optical shipped 448.1 million handset camera modules in the first eleven months, [according to its November 2025 shipment announcement](https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1210/2025121000488.pdf), with November volume up 10.9% on a year earlier. Douglas Insights assigns 0.52 percentage points of the 1.18-point volume leg to handset recovery, concentrated in India, Southeast Asia and Africa where first-time smartphone buyers still trade up from feature phones.

### More rear camera modules per mid-range handset

Mid-range Android phones priced between USD 250 and USD 500 now ship with a main, an ultra-wide and, increasingly, a dedicated telephoto module, where three years ago two of those three positions were filled by 2-megapixel depth or macro helpers. Swapping a helper for a telephoto leaves the count unchanged. Adding a telephoto to a two-camera phone raises it. Douglas Insights estimates the average rear module count for phones above USD 250 at 3.1 in 2025, and we credit that mix with 0.44 points of annual unit growth. The same shift explains why rear telephoto and periscope modules compound at 8.63%, the fastest rate in the market.

### Foldables and dual selfie cameras

Book-style foldables carry a cover-screen selfie camera and an inner-screen selfie camera, adding one front-facing module per device. Samsung Electro-Mechanics reported Optical Solution revenue of KRW 914.6 billion for the third quarter of 2025, up 6% year on year, on expanded shipments of high-performance camera modules for strategic customers, [according to its 30 October 2025 release](https://m.samsungsem.com/global/newsroom/news/view.do?id=9822). Douglas Insights attributes 0.22 points to foldable and dual-selfie designs, giving 0.52 + 0.44 + 0.22 = 1.18 points in total. EU Regulation 2023/1670 adds a small spare-parts stream on top, because repairers must be able to buy camera assemblies for seven years after a model leaves sale.

Price adds 3.41% a year on top of volume, driven by larger sensors, periscope optics and stabilisation, so the two legs combine into the 4.63% revenue CAGR.

## What headwinds keep camera module units near flat as memory costs climb?

Three headwinds remove 0.97 percentage points from mobile phone camera module volume growth in the Douglas Insights slower case: memory-driven handset price rises, fewer helper cameras on entry phones and longer replacement cycles. The slower case leaves units rising only 0.21% a year through 2035, against 1.18% in the base.

Memory comes first. Tight DRAM and NAND supply raised component costs toward the end of 2025, and handset brands facing higher bills of materials either raise retail prices or trim shipments, both of which cut camera module orders. We remove 0.41 points of unit growth for this squeeze in the slower case.

Camera consolidation is the second obstacle. Entry brands that once advertised four rear cameras are cutting the 2-megapixel depth and macro modules that added little to image quality, which is why the depth and macro auxiliary segment shrinks 1.37% a year. We take 0.33 points off volume in the slower case for faster removal of helper cameras.

Ownership is getting longer, the third barrier. The seven-year spare-parts duty under EU ecodesign rules makes repair cheaper than replacement for a cracked camera assembly, and longer software support stretches the replacement cycle. We remove 0.23 points for this, giving 0.41 + 0.33 + 0.23 = 0.97 points in total.

## How much does a phone camera module cost, from 2MP depth units to periscope telephotos?

A mobile phone camera module averages USD 8.40 in 2025 by Douglas Insights estimate, rising 3.41% a year to about USD 11.75 in 2035. Realised bands run from under USD 1.50 for a 2-megapixel depth unit to about USD 35 for a flagship periscope telephoto with OIS.

| Camera module type | Estimated realised price band 2025 |
| --- | --- |
| Depth and macro auxiliary, 2MP to 5MP fixed focus | USD 0.80 to 1.50 |
| Front-facing selfie, 8MP to 50MP | USD 2.50 to 9.00 |
| Rear ultra-wide, 8MP to 50MP | USD 3.50 to 10.00 |
| Rear main wide, 50MP class with VCM or OIS | USD 7.00 to 28.00 |
| Rear telephoto and periscope with OIS | USD 14.00 to 35.00 |

The best public anchor for mid-range pricing is Q Technology, whose camera module ASP rose to RMB40.84 in 2025 from RMB34.12, about USD 5.69 at our 2025 average exchange rate of RMB7.18 to the dollar. That figure blends Chinese Android modules with some non-handset units, so it sits below our global USD 8.40 average, which also carries the higher-priced modules built for Apple and Samsung flagships.

Price growth of 3.41% a year is mix, not list inflation. Each phone that moves from a VCM autofocus main camera to an OIS main camera adds roughly USD 6 to the module invoice, and each new periscope adds about USD 20 against the depth helper it replaces. Sensor cost passes through: brands that buy image sensors directly and consign them to the module maker book lower module prices than brands that buy the complete unit.

## Which suppliers dominate camera module assembly for Apple and Android handsets?

Six suppliers hold 74.4% of 2025 mobile phone camera module value by Douglas Insights estimate, and the top three hold 52.0%. LG Innotek leads with 34.2%, about USD 11.3 billion, built on high-end rear camera modules for Apple; Chinese assemblers split most of the Android volume.

| Company | Estimated share 2025 | Estimated phone camera module revenue 2025 |
| --- | --- | --- |
| LG Innotek | 34.2% | USD 11.3 billion |
| Sunny Optical Technology | 9.1% | USD 3.00 billion |
| Cowell e Holdings | 8.7% | USD 2.86 billion |
| Q Technology | 8.3% | USD 2.73 billion |
| OFILM Group | 7.2% | USD 2.37 billion |
| Samsung Electro-Mechanics | 6.9% | USD 2.27 billion |

### Apple-focused leaders

LG Innotek reported consolidated revenue of KRW 21.90 trillion for 2025, up from KRW 21.20 trillion in 2024, [according to its investor relations data](https://www.lginnotek.com/ir/finance.lgit). Douglas Insights puts about 73% of that inside the phone camera module scope after removing substrates, automotive parts and 3D sensing, which yields its 34.2% share. Its position rests on rear main, ultra-wide and periscope telephoto modules for iPhone, where module ASPs are the highest in the market.

Cowell e Holdings is the second Apple specialist. Its [2025 annual results](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0330/2026033001436.pdf) show revenue of about USD 3.50 billion, up about 40.3%, with one major customer providing 99% of sales; growth came mainly from new rear-end camera module orders. We put Cowell at 8.7%, or USD 2.86 billion, after excluding non-phone lines.

### Android volume assemblers

Sunny Optical Technology holds 9.1% on our count. Its 2025 annual report shows group revenue of about RMB43.23 billion, up 12.9%, with handset products at RMB27.32 billion, up 8.6%; that handset line includes lens sets as well as modules. Q Technology, at 8.3%, reported 2025 revenue of about RMB20.88 billion, up 29.3%, and non-handset module volume up about 111.0%. OFILM Group reported 2025 operating revenue of RMB22.15 billion, up 8.38%, from camera modules and lenses for phones and vehicles; we credit it with 7.2%. Samsung Electro-Mechanics, at 6.9%, supplies high-performance camera modules to strategic customers.

## Where are phone camera modules bought, and which region adds the most value?

Asia Pacific is the largest region for mobile phone camera modules, at USD 17.2 billion or 52.3% of 2025 value, measured by where finished handsets are sold. The Middle East and Africa grows fastest, at 5.12% a year, as first-time smartphone buyers replace feature phones.

Asia Pacific rises at 4.97% to USD 28.0 billion in 2035. China sets flagship and periscope demand, while India adds the most new handset users; the region also hosts nearly all module assembly, so local brands buy at the lowest landed cost.

North America takes USD 5.96 billion, or 18.1%, and grows at 4.21% to USD 9.00 billion. A premium-heavy iPhone and Galaxy mix gives it the highest average module content per phone of any region, a pattern also visible in our [Mobile Semiconductors Market](https://www.douglasinsights.com/mobile-semiconductors-market/) study.

Europe holds USD 4.81 billion, or 14.6%, and grows slowest at 3.62% to USD 6.86 billion. Ecodesign repair duties lengthen ownership there, trimming replacement volume even as spare camera assemblies add a small after-sales stream.

Latin America is the wildcard at USD 2.70 billion, or 8.2%, rising at 4.65% to USD 4.25 billion. Currency swings in Brazil and Argentina can move a year of handset orders by more than 10% on our model.

The Middle East and Africa is worth USD 2.24 billion, or 6.8%, and reaches USD 3.69 billion in 2035. Most growth there sits in Below 32MP modules for phones under USD 150, so value grows more slowly than units.

## How do EU ecodesign rules on spare camera assemblies reshape phone camera module design?

Regulation (EU) 2023/1670, applying since 20 June 2025, requires front-facing and rear-facing camera assemblies to stay available as spare parts for at least seven years after a phone model leaves the EU market. Douglas Insights estimates this keeps about 1.6% of European camera module volume flowing to repair channels.

The [regulation, dated 16 June 2023](https://eur-lex.europa.eu/eli/reg/2023/1670/oj/eng), sets ecodesign requirements for smartphones, other mobile phones, cordless phones and slate tablets. For module makers the practical effect is design for replacement: camera assemblies must come out without damaging the housing, and brands must hold module tooling and stock for years after mass production ends. Long production runs win. One-season designs lose.

Outside the EU, rules bear less on repair and more on where final assembly happens, and Douglas Insights treats tariff exposure as a regional pricing input of about 0.3 points on the price leg rather than as a separate rule set. Readers following depth cameras and time-of-flight (ToF) units can pair this chapter with our [3D Sensor Market](https://www.douglasinsights.com/3d-sensor-market/) report.

## What if periscope adoption stalls: how wide is the camera module range for 2035?

The 2035 mobile phone camera module value lands between USD 43.6 billion and USD 59.9 billion across our three cases, with USD 51.8 billion in the base. Handset shipments set the volume leg; periscope and OIS adoption set the price leg.

| Case | Volume CAGR | Price CAGR | 2035 value |
| --- | --- | --- | --- |
| Slower | 0.21% | 2.64% | USD 43.6 billion |
| Base case | 1.18% | 3.41% | USD 51.8 billion |
| Faster | 1.97% | 4.12% | USD 59.9 billion |

The slower case assumes the memory squeeze lasts into 2027, entry brands strip helper cameras quickly and EU repair duties stretch ownership further. The faster case assumes periscope telephotos reach phones near USD 300 within four years and foldables double their share of shipments. If other markets copy the spare-parts duty in Regulation (EU) 2023/1670, the volume leg moves toward the slower value as repair absorbs replacement orders.

Stress-testing units shows the asymmetry: one extra point of annual module growth adds USD 5.35 billion to the 2035 base, while one point less takes away USD 4.90 billion. Our 4.63% base is lower than every outside forecast we reviewed, which span 5.22% to 7.42% a year, because we model near-flat handset shipments rather than a return to earlier peak volumes.

## Douglas Exclusive: the Phone Camera Module Supplier Scorecard

The Phone Camera Module Supplier Scorecard is a Douglas Insights model built from 24 inputs: four disclosed or estimated metrics for each of six listed module makers, taken from their 2025 filings and shipment announcements. Each metric scores 0 to 25, for a maximum of 100; the six-company average is 60.2.

| Supplier | Revenue momentum | Flagship content | Customer spread | Diversification | Total |
| --- | --- | --- | --- | --- | --- |
| Q Technology | 21 | 14 | 22 | 20 | 77 |
| Cowell e Holdings | 25 | 22 | 6 | 15 | 68 |
| Sunny Optical Technology | 12 | 18 | 18 | 19 | 67 |
| OFILM Group | 11 | 10 | 16 | 14 | 51 |
| LG Innotek | 7 | 23 | 8 | 12 | 50 |
| Samsung Electro-Mechanics | 8 | 12 | 17 | 11 | 48 |

Revenue momentum scores 2025 revenue growth: Cowell e Holdings at 40.3% earns the full 25, Q Technology at 29.3% earns 21 and LG Innotek at about 3.3% earns 7. Flagship content scores exposure to OIS and periscope modules. Customer spread penalises concentration, which is why Cowell, with 99% of sales from one customer, scores 6. Diversification scores non-handset growth, where Q Technology's 111.0% rise in non-handset module volume earns 20.

The finding: Q Technology tops the scorecard at 77 because it pairs a 19.7% ASP gain with the broadest customer base, while LG Innotek, the share leader at 34.2%, scores lowest on momentum and spread. In mobile phone camera modules, share and resilience point in different directions. Scores are our judgement on public data, not official ratings.

## What methodology turns 3.92 billion phone camera modules into the 2025 base?

Douglas Insights counts 3.92 billion phone camera modules shipped in 2025 and multiplies them by a USD 8.40 average realised price to reach USD 32.93 billion. Five regions add back to the global line exactly, and two independent cross-checks agree within 6%.

Inputs: 1.25 billion smartphones shipped in 2025, an average of 3.1 modules per phone, 6 company filings, 2 monthly shipment announcements, 1 EU regulation and 4 published growth rates. Unit growth of 1.18% and price growth of 3.41% multiply to 4.63%, since 1.0118 × 1.0341 = 1.0463. Units for 2026 equal 3.97 billion and the 2026 price equals USD 8.69.

Cross-check one: summed 2025 phone camera revenue of the six named suppliers, converted at our average exchange rates, gives USD 24.5 billion, or 74.4% of our total, which leaves 25.6% for smaller assemblers and in-house lines. Cross-check two: the lowest outside 2025 estimate we read, USD 27.5 billion, and the highest, USD 45.8 billion, bracket our USD 32.93 billion. Adding the five segment forecasts gives USD 51.5 billion for 2035, 0.6% below the USD 51.8 billion total. Readers sizing adjacent imaging devices can compare this build with our [Smart Wearable Market](https://www.douglasinsights.com/smart-wearable-market/) study.

## Market by segment

| Segment | Share | Value |
| --- | --- | --- |
| Rear main wide | 40.7% | $13.4 Bn |
| Rear telephoto and periscope | 18.6% | $6.12 Bn |
| Rear ultra-wide | 12.9% | $4.25 Bn |
| Front-facing selfie | 19.4% | $6.39 Bn |
| Depth and macro auxiliary | 8.4% | $2.77 Bn |

## Market by region (USD million)

| Region | 2025 | 2026 | 2035 | CAGR 2026-2035 |
| --- | --- | --- | --- | --- |
| Global | 32,928 | 34,452.6 | 51,777.1 | 4.63% |
| Asia Pacific | 17,221.3 | 18,077.2 | 27,971.6 | 4.97% |
| North America | 5,960 | 6,210.9 | 9,002 | 4.21% |
| Europe | 4,807.5 | 4,981.5 | 6,860.5 | 3.62% |
| Latin America | 2,700.1 | 2,825.7 | 4,253.8 | 4.65% |
| Middle East and Africa | 2,239.1 | 2,353.7 | 3,689.2 | 5.12% |

## Dataset

| Series | Value | Unit |
| --- | --- | --- |
| Market size 2025 | 32,928 | USD million |
| Market size 2035 | 51,777.1 | USD million |
| Revenue CAGR 2026-2035 | 4.63 | percent |
| Volume CAGR 2026-2035 | 1.18 | percent |
| Price per module CAGR 2026-2035 | 3.41 | percent |

## Frequently asked questions

### What will phone camera modules be worth in 2035 under the base case?

USD 51.8 billion in 2035, up from USD 32.93 billion in 2025. Modules grow 1.18% a year and the average price 3.41%, giving a 4.63% revenue CAGR.

### How was the 2025 phone camera module figure built?

3.92 billion modules × USD 8.40 average realised price = USD 32.93 billion. Two cross-checks against supplier revenues and outside estimates agree within 6%.

### Which camera position earns the most module revenue?

40.7% of 2025 value, or USD 13.4 billion, comes from rear main wide modules, which get the largest sensor, the widest lens and usually OIS.

### Why are periscope telephoto modules gaining so quickly?

8.63% a year to 2035, the fastest segment rate, because folded optics now fit 3x to 5x zoom into slim upper mid-range phones.

### How much of module value comes from 32MP and above parts?

63.7% of 2025 value, or USD 21.0 billion, even though Q Technology reported only about 48.2% of its smartphone module units at 32 megapixels and above.

### How concentrated is phone camera module supply?

52.0% of 2025 value sits with the top three suppliers by Douglas Insights estimate: LG Innotek at 34.2%, Sunny Optical Technology at 9.1% and Cowell e Holdings at 8.7%.

### What does a single phone camera module cost?

USD 8.40 on average in 2025, within bands from under USD 1.50 for a 2-megapixel depth unit to about USD 35 for a flagship periscope telephoto with OIS.

### What does the EU ecodesign regulation require for phone cameras?

20 June 2025 is the date Regulation (EU) 2023/1670 began to apply; front-facing and rear-facing camera assemblies must stay available to professional repairers for at least seven years after a model leaves sale.

## Sources

- [EUR-Lex, Official Journal of the European Union, Commission Regulation (EU) 2023/1670, ecodesign requirements for smartphones and slate tablets](https://eur-lex.europa.eu/eli/reg/2023/1670/oj/eng)
- [Sunny Optical Technology (Group) Company Limited, Monthly shipment volumes, November 2025](https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1210/2025121000488.pdf)
- [Q Technology (Group) Company Limited, Annual results for the year ended 31 December 2025](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0316/2026031600335.pdf)
- [Cowell e Holdings Inc., Annual results announcement 2025](https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0330/2026033001436.pdf)
- [Samsung Electro-Mechanics, Q3 2025 earnings release](https://m.samsungsem.com/global/newsroom/news/view.do?id=9822)
- [LG Innotek, Financial information](https://www.lginnotek.com/ir/finance.lgit)

## How to cite

Douglas Insights, "Mobile Phone Camera Module Market", DI-IT-10435, updated 2026-10-03, https://www.douglasinsights.com/mobile-phone-camera-module-market/