How to fix ModuleNotFoundError: No module named 'picamera'

Problem:

You want to run a Python script using the Raspberry Pi camera but you see an error message like

Traceback (most recent call last):
  File "mycamera.py", line 2, in <module>
    import picamera
ModuleNotFoundError: No module named 'picamera'

You need to install the picamera Python module using pip:

sudo pip3 install picamera

or, if you are still using Python 2.x:

sudo pip install picamera

In case you see

sudo: pip3: command not found

install pip3 using

sudo apt install -y python3-pip