LG Innotek cashes in on demand for camera parts
The tech giants have focused on upgrading the camera features on smartphones in order to boost their appeal to users who are fond of taking selfies and snapshots.
The parts supplier said it had sold an accumulative 1.04 billion modules as of the end of May, cementing its status as the world’s largest camera module maker by sales.
The company started producing camera modules in 2005 and had sold 500 million by 2013. It sold an extra 500 million within just two years.
In principle, a lens with a lower aperture lets more light in, improving the quality of a photo.
LG Electronics also boosted the resolution of the device’s two cameras. The rear-facing camera is 16 megapixels while the front-facing camera is 8 megapixels.
In addition to improving resolution, the company has focused on providing sophisticated optical image stabilization, a feature designed to reduce hand movement and create steadier recorded images.
It was the first company to mass produce a 13-megapixel module with a stabilization feature.
According to market survey firm Research In China last year, LG Innotek’s sales in the camera module market amounted to $2,304 million in 2013, a 17 percent share in the global market.
The company has been the world’s largest camera module maker since 2011, tapping into the growing demand for high-pixel cameras on smartphones.
The global smartphone camera module market almost doubled in just three years, from $7,713 million in 2010 to $13,710 million in 2013, the market research firm noted.
The number of pixels that smartphone cameras can be equipped with increased from 8 megapixels in 2009 to 20 megapixels in recent years.
BY PARK EUN-JEE [firstname.lastname@example.org]