Global Camera Module Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019
Albany, NY -- (SBWIRE) -- 05/26/2015 -- As per a recent research report published by Transparency Market Research (TMR), the global camera module market is forecasted to be valued at US$43.06 billion by 2019. TMR a market intelligence company based in the U.S. states that the global camera module market which was valued at US$12.00 billion in 2012 is likely to exhibit a remarkable CAGR of 19.7% between 2013 and 2019. The research report "Global Camera Module Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019" is available for sale on the company website.As stated by the TMR research report, increasing penetration of smartphones and tablet PCs and growing demand for technologically advanced versions of the devices is primarily driving the global camera module market.
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The exponentially increasing demand for smartphones and tablet PCs combined with growing consumer preference for pixel clarity smartphones will play a significant role in propelling the camera module market, as examined by the research report. Consumers have embraced mobile imaging through mobile phones, which is evident from the rapidly expanding markets for Apple, LG, and Samsung manufactured devices that offer better high pixel clarity compared to other smartphone companies. In addition, increasing use of mobile phone apps for email and social networking is contributing to the growth of the market.
TMR study examines the global camera module market at three fronts, namely type of sensor, applications, and key regional markets. The market based on sensor types, consists charge coupled devices (CCD) camera modules and complementary metal oxide semiconductor (CMOS) camera modules. The CMOS segment exhibited clear dominance in 2012 accounting for more than of half the market, as reported by the study. The segment finds widespread application in defense and space, consumer electronics, industrial and security applications, automotives, and above all smartphones and table computers.
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Based on application, the smartphones segment accounted for over 80% demand for camera modules in 2012. The smartphones application segment will exhibit progress at a CAGR of 21.9% between 2013 and 2019, as analyzed by the research report. The growing popularity of smartphones which come with features such as both front and rear camera will enable the market segment to enjoy dominance over the forecast period as well. Some of the major camera module manufacturers in the world are based in Asia Pacific. Hence the region will emerge as a dominant market for camera modules. In 2012, the region accounted for nearly 60% revenue of the market, as examined by the study.
Going ahead, regionally, Europe has emerged as the second largest market for camera modules. The region will exhibit growth at a CAGR of 19.3% from 2013 and 2019.The TMR market study identifies and profiles some of the major players in the global camera module market in terms of respective business overview, recent development, financial standing, and SWOTs. Some of the companies profiled by the report are SEMCO, Toshiba, LG-Innotek, Sharp, Samsung, BYD, Cowell, KMOT, Liteon Chicony, STMicro, Primax, Foxconn, Fiberoptic, and Vista Point.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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