- May 06, 2020
AMTD views: The global smartphone market hit hard by COVID-19 early this year. While the supply chain has gradually recovered at moment, weaker demand caused by disruption to economics has become a new concern. Global smartphone shipment is expected to drop 5-10% YoY to around 1.26bn units in 2020. However, with the growing importance of camera performance to smartphone, multi-camera adoption has become mainstream among different smartphone brands and lens sets market seems to be less impacted by the downturn in our view. We expect total lens sets from smartphone market will grow by 5% to 4.7bn units, mainly driven by rising penetration rate of multi-camera system. For back camera, the penetration rates of dual/triple/quad models of handset are expected to reach 48%, 29% and 8%, respectively. Today, smartphone camera performance and functionality have improved substantially by combining high-quality lenses with different specific functions, such as large aperture, long focal length, ultra-wide angle, etc., into a tiny complex system. Below we will briefly introduce the development trend of various lens sets.
