Fast Market Research announces the availability of the new Markets and Markets report, "Camera Modules Market - Global Forecast to 2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 10/22/2015 --Camera Modules Market by Component (Image Sensor, Lens Module), Process (Flip-Chip), Pixel, Application (Consumer Electronics, Security & Surveillance, Automotive, Aerospace & Defense, Industrial), and Geography - Global Forecast to 2020

In the modern dynamic world of technology, the camera modules are widely used in a range of applications such as consumer electronics, healthcare, industrial, security & surveillance, automotive, and aerospace & defense. The consumer electronics market has impacted the camera modules market mostly owing to the usage of CCD and CMOS sensors-enabled camera modules. The demand for digital camera has reduced as smartphones enabled with camera are introduced in the market. Consumers are attracted toward smartphones which serve the purpose of both camera and phone. This market is experiencing a rapid shift in automotive applications, specifically in advanced driver assistance systems (ADAS). ADAS uses camera modules to enhance the driver's safety on the road by offering features such as parking assistance, lane-departure warning (LDW), and collision avoidance systems, all of which can help the car and the driver to gather information about the outside world.

Get More Details on this Report and a Full Table of Contents at Camera Modules Market - Global Forecast to 2020

The main components of camera modules include image sensors, lens modules, and other components. The image sensors are of two types, namely, complementary metal-oxide-semiconductor (CMOS), charge-coupled device (CCD), and other image sensors. Currently, most of the requirements of image sensors are met by CMOS image sensors, whereas CCD image sensor is used especially for high-end applications. Complementary metal-oxide-semiconductor (CMOS) image sensors are used to convert light into electric charge and process it into electronic signals. These are used in mobile phone cameras, automotive cameras, tablet PCs, cameras, surveillance cameras, machine vision cameras, and so on. CMOS sensors offer various advantages over CCD sensors such as low power consumption, faster frame rate, ease of manufacturing, and low cost. Moreover, the advancements in CMOS design such as miniaturization and use of BSI technology make it possible to achieve better performance and quality of images even in low light conditions.

The global camera modules market has a lucrative growth potential for the next five years. The growth of the market is propelled by the increasing demand in the consumer electronics application market, especially for devices such as cameras, smartphones, and tablets. The enhancement in the image resolution of sensors along with the technological advancement in camera modules components and design further drives the camera modules market. Moreover, the growing market for advanced driver assistance systems (ADAS) in the automotive sector is boosting the demand for image sensors, and in turn, camera modules. ADAS make use of image sensors to provide safety features such as parking assistance, lane-departure warning, and collision avoidance systems. The requirement of image fusion for enhanced image quality and expansion of 4K pixel technology provides great opportunities for the camera modules market. Despite various advantages of camera modules, the high power consumption in CCD image sensor and heavy maintenance and high cost of camera modules restrain the growth of the global camera modules market.

The global camera modules market was valued at USD 19.21 billion in 2014 and is expected to reach USD 36.95 billion by 2020, at a CAGR of 10.8% between 2015 and 2020. APAC accounted for the major market share of ~39% in 2014, followed by North America which accounted for a share of ~29% of the market. The camera modules market in APAC is expected to grow at the highest CAGR of 12.1% between 2015 and 2020. The APAC market for camera modules is growing rapidly as most of the camera modules manufacturers are located in APAC. Also, most of the demand for camera modules in APAC region is from the consumer electronics application including smartphones, tablet PCs, cameras, and others. With the inclusion of secondary camera in smartphones, the demand for camera modules is expected to multiply further. Around one-third of the global smartphone consumption is from India, China, and Japan, collectively. This is expected to drive the APAC camera modules market. Moreover, the development of advanced driver assistance systems (ADAS) for the automotive application is also expected to boost the demand for camera modules in APAC.

The major players in the camera modules market have adopted several strategies to enter and grow in the market. In the global marketplace, the number of established players is growing; therefore, it is important for every market player to gain a competitive edge over the others. The major strategies adopted by key players to compete in the camera modules market include new product developments, partnerships, agreements, and mergers & acquisitions.

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