Camera Module Market Growth, Demand and Key Players to 2019
Posted: Sep 18, 2017
Global camera modules market is projected to reach a market value of US$43.06 billion by the end of 2019, growing at a healthy CAGR of nearly 19.7% between 2013 - 2019.
The global camera module market is witnessing a radical change for the better, growing with every technological advancement. In the coming years, the global camera module market is expected to grow at a noteworthy rate due to the increasing usage of tablet PCs and smartphones, coupled with the growing demand for better pixel clarity. As more and more smartphone users are realizing the power of good phone cameras and the possibility of high-quality imaging through them, they are collectively changing the face of the global camera module market. In addition to this, the influx of mobile applications for social networking and communicating via email are also encouraging the growth of the global camera module market in direct and indirect ways.
According to the report, the global camera module market was valued at US$12.0 billion in 2012 and is expected to reach US$43.06 bn by 2019, growing at a CAGR of 19.7% between 2013 and 2019.
The global camera module market is segmented on the basis of types of sensors, applications, and region. The types of sensors in the global camera module market are CCD camera modules and CMOS camera modules. The application of camera modules is seen in consumer electronics such as smartphones and tablet PCs, the automotive industry, the medical industry, the industrial and security sectors, and the defense and space industries. Regionally, the global camera module market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
2012 saw the smartphones segment account for more than 80% of the demand for camera modules. Analysts predict that the smartphones application segment will grow at a CAGR of 21.9% between 2013 and 2019. This incredible growth rate can be attributed to the increasing popularity of smartphones that are enabled with both front and rear cameras. As the Asia Pacific region has the maximum number of camera module manufacturers, this regional market will witness a prolific growth rate. It will continue its dominance in the global camera module market just as it did in 2012 with a market share of more than 60%.
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To give a fair assessment of the competitive landscape of the global camera module market, the report profiles some of the key players such as LG-Innotek, Liteon Chicony, Foxconn, STMicro, Primax, Truly,Fiberoptic, Cowell, SEMCO, Toshiba, Sharp, Sunny, KMOT, Samsung, BYD, and Vista Point. The profiles include company overviews, financial outlooks, investment plans, and their research and development status.Camera modules are electronic devices that convert an optical signal through the lens into a digital electrical signal using an image sensor, and display the captured image on the display device. It can also be defined as a component that provides video recording function, still image function and gesture recognition to a digital device.
The global camera modules market was valued at USD 12.00 billion in 2012 and is expected to reach USD 43.06 billion by 2019 at a CAGR of 19.7% from 2013 to 2019. It is of two types on the basis of the image sensor technology used in their packaging - CMOS (Complementary Metal Oxide Semiconductor) camera module and CCD (Charge Coupled Devices) camera module. CCD camera modules dominated the camera modules market for a long time but with the emergence and increasing demand of CMOS technology, it started losing its market share.
Smartphone and tablet PC is the largest segment of the camera module market. Smartphone and tablet PC segment is expected to see exponential growth in the coming years and this will positively influence the camera module market. Consumer preference towards smartphones, with more pixel clarity and the trend of software development play a significant role in increasing demand for camera modules. For example, impact of Apple, Samsung and LG among others cannot be underestimated as consumers have readily embraced mobile imaging through their mobile phones. In addition, adoption of mobile phone apps for social networking and email (i.e., Facebook, Gmail, Yahoo, and WhatsApp among others) is also contributing to market growth.
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Transparency Market Research (Tmr) is a market intelligence company, providing global business information reports and services.