Driven by robust applications in automotive sector and consumer electronics industry, compact camera modules continue to incur advancements in terms of new resolution envelopes, improved imaging capabilities, and high integration.
Albany, NY -- (SBWIRE) -- 03/22/2018 -- Due to the growing integration of cameras and image capturing technologies in the core functioning of electronic hand-held devices such as smartphones and tablets, the market for compact camera module has been experiencing steady growth. According to the latest study findings, as billions of smartphones and tablets get sold across the globe, manufacturers of compact camera modules witness a soaring demand. Market Research Hub (MRH) has publicized a study titled "Compact Camera Module Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026" to its massive repository, which offers a complete perspective on global compact camera module market's evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn).
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It has been witnessed during the analysis that different types of hand-held devices require specific compact camera modules to operate from front-end or backside. Based on these specifications, manufacturers develop compact camera modules with an auto-focus lens or fixed-focus lens. Also, effective application of compact camera modules in automotive technologies has pushed their application purview and unlocked new opportunities for market players. As per the research major findings, the global compact camera module market is evaluated to expand at a notable CAGR of 12.1%. The report further estimates that by the end of 2026, compact camera modules sold across the globe will rev up in revenues worth over US$ 92.8 Bn.
Geographical and Segmental Overview
Moving further, the geographical segmentation is also included in the report which analyzes the scope of the market in different regions including North America, Japan, Europe, Asia Pacific excluding Japan, Latin America, and the Middle East and Africa. Amongst, the global market for compact camera module will witness a concentered growth in the Asia-Pacific excluding Japan (APEJ) region.
For the purpose of in-depth analysis, the global market for compact camera modules has been segmented on the basis of lens-type and end use. On the basis of end-use, the study covers, Mobile, security, automotive, industrial, healthcare, computing and others. By lens type, auto-focus lens is likely to be sold widely.
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The research study finds that explosive growth in the global automotive industry has a considerable influence in boosting the adoption of compact camera modules. The overall global compact camera module system sees growing integration of these modules in automotive technologies such as advanced driver assistance systems (ADAS) and parking systems.
Another vital section of the report is competitive landscape featuring some of the top companies, their products and business strategies, and their standing in the global market. At present, leading manufacturers of compact camera modules have been identified in the report include Cowell, Semco, LG Innotek, O-Film, Sunny Optical, Foxconn Sharp, Henkel, Menex, Liteon, and Q-tech are observed as global leaders in compact camera module manufacturing.
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