Vehicle Camera Module Market size was valued at US$ 4,347 million in 2024 and is expected to reach US$ 10,744 million by 2031, growing at a significant CAGR of 13.8% from 2025-2031. Market players have witnessed the advancements of technology and launch of new technologies to strengthen their position in the market across the globe. In February 2019, LG Innotek initiated mass production of ToF (Time of Flight; measuring of flight-time distance) module for a smartphone to secure the leading position in the high-tech 3D sensing component market.