News

Lens Makers Put Miniature Camera Market Growth Into Focus

Wednesday, August 23rd 2017

Recent announcements by two large suppliers of optical components into the smartphone market confirm that the miniature camera market continues to grow at a healthy rate.

Sunny Optical, the largest manufacturer of smartphone camera lens in mainland China, reported half year results to the Hong Kong stock
exchange to show net profit for the six months was up 149% compared to same period last year.

Meanwhile world-leading lens manufacturer Largan Precision have announced that production of smartphone camera lens will begin this
quarter in a new $39 million facility.  Manufacturing capacity has been increased to satisfy demand from smartphone vendors on the back of the wider adoption of dual camera units in the premium smartphone segment.

CML notes the strong growth of two of the world’s largest camera component manufactures.  The number of miniature cameras per smartphone is increasing and therefore CML expects the growth trend in the miniature camera market to continue to outstrip the growth in the smartphone market.