Optical Image Stabilization (OIS) Actuators Market: Introduction
- Optical Image Stabilization (OIS) actuator is a component that secures focus or stabilizes images by rapidly moving the lens within the camera module at high speed. OIS comprises actuators that are capable of moving the lens and sensors. Image stabilization would always be a major factor in reproducing a near-perfect digital copy for capturing still images or recording moving videos.
- Optical image stabilization is becoming increasingly popular in high-end smartphones. People’s shift to compact mobile devices with high megapixel capturing ability has increased the demand for advanced stabilization techniques. This is a major factor driving the optical image stabilization actuator market.
- Camera modules with actuators improve image quality by moving optical components with a high level of precision. Shape Memory Alloy (SMA) is a new OIS actuator solution that can move heavier optics.
- Demand for high-quality images from a small camera used for smartphones is increasing due to the increased adoption of an OIS (Optical Image Stabilizer) actuator on DSC (Digital Still Camera) to prevent damaged images caused by hand-tremors during long exposure photography. This is anticipated to increase the demand for OIS (Optical Image Stabilizer) actuators.
Rising Demand for Optical Image Stabilization (OIS) Actuators in Consumer Electronics Industries
- Based on end-use industry, the market can be segmented into consumer electronics, automotive, IT and telecommunication, healthcare, industrial, security and surveillance
- The consumer electronics segment of the global optical image stabilization (OIS) actuators market is estimated to expand at a rapid pace during the forecast period due to the increasing use of optical image stabilization (OIS) actuators for still images and recording moving videos
- Smartphones come with zoom cameras that feature extraordinary magnification to allow sharp images of craters on a full moon to be captured from the ground. This is surging the demand for OIS actuators in consumer electronics applications. Lens apertures have become bigger as smartphone cameras feature increasingly higher image resolutions, thus requiring OIS actuators to drive greater power, which in turn is also propelling the market.
- Increasing use of optical image stabilization (OIS) actuators in camera modules are driving the optical image stabilization (OIS) actuators market
Asia Pacific to Lead Global Optical Image Stabilization (OIS) Actuators Market
- In terms of region, the global optical image stabilization (OIS) actuators market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- Asia Pacific is expected to dominate the optical image stabilization (OIS) actuators market. This can be ascribed to the arrival of new digital still camera, which has contributed to driving technological innovation in photography. Digital still cameras have moved toward lower weights, smaller sizes, and higher resolutions, much like smartphone camera modules have followed the same trend after their introduction. As a result, optical image stabilization actuator utilization is likely to increase. New innovations in technology are expected to increase the demand for optical image stabilization (OIS) actuators.
- The optical image stabilization (OIS) actuators market in Asia Pacific is expected to expand at a high growth rate due to presence of major players and increased competition among them. The market in North America is likely to show a uniform growth rate during the forecast period because of less competition in the market.
Key Players Operating in Global Optical Image Stabilization (OIS) Actuators Market
Major players operating in the global optical image stabilization (OIS) actuators market are focusing on technological advancements and expansions to meet the rising demand for optical image stabilization (OIS) actuators. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative and advanced technologies.
Key players operating in the global optical image stabilization (OIS) actuators market include:
- MinebeaMitsumi Inc.
- Hutchinson Technology
- Samsung Electro-Mechanics
- Jahwa Electronics. Co., Ltd.
- Sheba Microsystems
- New Shicoh Motor Co., Ltd.
Global Optical Image Stabilization (OIS) Actuators Market: Research Scope
Global Optical Image Stabilization (OIS) Actuators Market, by Type
- Ball Guided
- Spring and Wire
Global Optical Image Stabilization (OIS) Actuators Market, by Application
- Digital Cameras
- Smartphones
- Tablets
- Digital Camcorders
- Others (Stationary Camera, optical equipment, etc.)
Global Optical Image Stabilization (OIS) Actuators Market, by End-use Industry
- Consumer Electronic
- Automotive
- IT and Telecommunication
- Healthcare
- Industrial
- Security and Surveillance
Global Optical Image Stabilization (OIS) Actuators Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
