Top 10 Competitors in the Camera Module Industry

With the rapid development and application of next-generation technologies such as 5G communication, intelligent driving, 3D sensing, and artificial intelligence, camera modules are widely used in consumer electronics, automobiles, and IoT. Simultaneously, downstream applications of camera modules are placing higher demands on their size and performance.

In the automotive camera field, with the development of artificial intelligence and intelligent driving technologies, cars are no longer just simple means of transportation. Users can now drive hands-free, transforming their cars into primary spaces for work and entertainment. In the IoT camera field, the IoT application ecosystem is developing in a diverse manner, with different models constantly emerging, and application scenarios such as drones, smart wearables, and robotic vacuum cleaners continuously enriching the market. This diverse range of camera module application scenarios is constantly bringing new opportunities for the camera module industry, leading to a continuously expanding market.

The primary application area for camera modules is smartphones. Domestic smartphone brands, including Huawei, Xiaomi, Vivo, and OPPO, have become major global smartphone brands.

The main competitors in the industry include O-Film, Sunny Optical, Holitech, Foxconn, Truly International, LG Innotek, Tongxingda, Lianchuang Electronics, and Lijing Innovation. The basic information of the above competitors of Q Micro is as follows:

O-Film was established on March 12, 2001, and listed on the SME board of the Shenzhen Stock Exchange on August 3, 2010. O-Film's main products include micro-camera modules, optical lenses, touch screens and fully laminated touch display modules, fingerprint recognition modules, 3D sensing modules, and smart automotive electronics products, which are widely used in consumer electronics and smart car fields, represented by smartphones, tablets, and smart cars. In 2020, smartphone camera modules achieved operating revenue of RMB 31.381 billion, with shipments of approximately 806 million units. In 2021, 2022, and the first half of 2023, optical and optoelectronic products achieved operating revenue of RMB 16.454 billion, RMB 10.383 billion, and RMB 4.44 billion, respectively.

Sunny Optical was established on September 21, 2006, and listed on the Hong Kong Stock Exchange on June 15, 2007. It is primarily engaged in the design, research and development, production, and sales of optical and optical-related products, including optical components (glass spherical and non-glass lenses, planar products, mobile phone lenses, automotive lenses, security monitoring lenses, and various other lenses), optoelectronic products (mobile phone camera modules, 3D optoelectronic products, automotive modules, and other optoelectronic modules), and optical instruments (such as microscopes and intelligent inspection equipment). In 2020, 2021, 2022, and the first half of 2023, its optoelectronic products segment achieved operating revenues of RMB 28.494 billion, RMB 28.334 billion, RMB 23.326 billion, and RMB 9.748 billion, respectively, with mobile phone camera module shipments of approximately 593 million, 674 million, 517 million, and 255 million units, respectively.

Foxconn was established on February 20, 1974, and listed on the Taiwan Stock Exchange on June 16, 1991. It primarily engages in the research and development and manufacturing of 3C products such as computers, communications, and consumer electronics. It also has extensive involvement in digital content, automotive components, distribution channels, cloud computing services, and the development and application of new energy and new materials, including the manufacturing and sales of precision molds such as camera modules. In 2019, 2020, 2021, and 2022, it achieved operating revenues of NT$5,342.811 billion, NT$5,357.298 billion, NT$5,995.470 billion, and NT$6,626.997 billion, respectively, and net profits attributable to shareholders of the parent company of NT$115.309 billion, NT$101.795 billion, NT$139.320 billion, and NT$141.483 billion, respectively. NT$100 million.

Holitech was established on April 30, 2003, and listed on the Shenzhen Stock Exchange's SME board on February 20, 2008. It primarily engages in the research, development, production, and sales of core components for full-screen modules, touchscreen modules, LCD modules, electronic paper modules, camera modules, fingerprint recognition modules, and wireless charging modules, as well as 5G-related absorbing materials, high-frequency materials, and related flexible circuit boards, cover glass, backlighting, and other products. In 2020, 2021, 2022, and the first half of 2023, its optoelectronic sensing products achieved operating revenues of RMB 4.433 billion, RMB 2.69 billion, RMB 1.548 billion, and RMB 520 million, respectively.

Truly International Holdings Limited was established on April 16, 1991, and listed on the Hong Kong Stock Exchange on July 29, 1991. Its main businesses are the manufacturing and sales of liquid crystal displays (including touchscreen products) and consumer electronics (including miniature camera modules, fingerprint recognition modules, personal healthcare products, and electronic devices). In 2020, 2021, 2022, and the first half of 2023, its revenue from consumer electronics products reached HK$7.924 billion, HK$5.362 billion, HK$3.594 billion, and HK$2.195 billion, respectively. (6) LG Innotek

LG Innotek was established on February 24, 1976, and listed on the Korea Exchange on July 24, 2008. Its main business is the development and production of core materials and components for mobile devices, displays, semiconductors, automobiles, and IoT, including leading smartphone camera modules, display substrates and photomasks, and communication semiconductor substrates. In 2020, 2021, and 2022, it achieved operating revenue of 9,541.8 billion KRW, 14,945.6 billion KRW, and 19,589.4 billion KRW, respectively, and net profit of 236.1 billion KRW, 888.3 billion KRW, and 979.8 billion KRW, respectively.

Tongxingda was established on April 30, 2004, and listed on the Shenzhen Stock Exchange's SME board on January 25, 2017. The company primarily engages in the research, design, production, and sales of small-to-medium-sized LCD display modules, integrated touch display modules, and camera modules. Its products are used in mobile phones, tablets, digital devices, cameras, instruments, and automotive applications. In 2020, 2021, 2022, and the first half of 2023, camera products generated revenues of RMB 2.02 billion, RMB 2.198 billion, RMB 1.552 billion, and RMB 795 million, respectively.

Lianchuang Electronics was established on April 22, 1998, and listed on the Shenzhen Stock Exchange's SME board on September 3, 2004. It primarily engages in the R&D, production, and sales of key optical and optoelectronic products, including optical lenses, camera modules, and integrated touch displays for smartphones, tablets, action cameras, autonomous driving, smart homes, VR/AR, etc. In 2020, 2021, 2022, and the first half of 2023, its optical products generated revenues of RMB 1.565 billion, RMB 2.669 billion, RMB 3.504 billion, and RMB 1.135 billion, respectively.

Lijing Innovation was established on February 27, 2018, and became a subsidiary of Luxshare Precision Group in July 2018. Lijing Innovation primarily engages in the R&D, production, and sales of camera modules (including mobile phone lens modules, tablet lens modules, and laptop lens modules). (10) Q Microelectronics

Kunshan Q Microelectronics Technology Co., Ltd., established on October 15, 2007, is one of the earliest module manufacturers in China to adopt COB, COF, MOB, and MOC technologies in camera module manufacturing. It is also one of the first domestic manufacturers to mass-produce 3D structured light modules and the first to mass-produce micro-gimbal modules. Currently, its products cover ultra-thin cameras ranging from two million to two hundred million pixels, dual/multi-camera modules, OIS camera modules, 3D sensing camera modules, automotive camera modules, and IoT camera modules.

In 2021 and 2022, Q Microelectronics' revenue was RMB 17.078 billion and RMB 12.903 billion, respectively, a decrease of 24.45%. In the first half of 2022 and the first half of 2023, the company's revenue was RMB 664 million and RMB 516 million, respectively, a decrease of 22.25%. In 2021 and 2022, the company's net profit was RMB 905.4435 million and RMB 215.0473 million, respectively, and the net profit attributable to the company's ordinary shareholders after deducting non-recurring gains and losses was RMB 841.39 million and RMB 59.6931 million, respectively.

For more industry research and analysis, please refer to the official website of Sihan Industry Research Institute. Sihan Industry Research Institute also provides industry research reports, feasibility study reports (project approval and filing, bank loans, investment decisions, group meeting approvals), industrial planning, park planning, business plans (equity financing, investment promotion and joint ventures, internal decision-making), special research, architectural design, overseas investment reports and other related consulting services.