Camera Module Market - Consumer Preference Towards Smartphones, with More Pixel Clarity Drives the Market
Global Camera Module Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019
Albany, NY -- (SBWire) -- 02/03/2017 --The global camera module market is displaying a radical change for the good, progressing with every technological advancement. The report says that the market will rise at a notable rate in the coming years due to the increasing penetration of smartphones and tablet computers, combined with the increased demand for improved pixel clarity. Smartphone users are recognizing the benefits of good phone cameras and the possibility of high-quality image capturing through them, which is bolstering growth of the camera module market. Moreover, the upsurge in the popularity of social media networks such as WhatsApp and Facebook and mobile email applications is also encouraging growth of this market.
A camera module refers to an image sensor combined with recording electronics and an interface such as ethernet, CAMIF (camera interface), or raw low-voltage differential signaling for imaging purposes.
The global market for camera modules is divided on the basis of sensor type, application, and region. By sensor type, the segments of this market are CMOS camera modules and CCD camera modules. In 2012, CMOS exhibited a clear dominance, holding a share of more than 50% in the overall market.
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On the basis of application, smartphone and tablet PCs, the medical industry, the automotive industry, and the security sector are the segments of this market. In 2012, smartphones held a share of more than 80% in the global market. Analysts predict that the smartphones segment will exhibit a CAGR of 21.9% for the 2013-2019 period. The incredible growth rate of the smartphones segment is attributed to the rising popularity of devices featured with both front and rear cameras.
Regionally, the global market for camera modules is divided into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific stands as the significant market for camera modules; in 2012, the region held a share of close to 60% in the global market.
The presence of top-notch camera module manufacturers in this region is the foremost reason for this. These include LG-Innotek, Foxconn, Liteon Chicony, STMicro, Primax, Sharp, Toshiba, Sunny, SEMCO, and Sharp. Players in this region operate in both domestic and international markets and extend tough competition to players from other regions. China, India, Taiwan, Malaysia, Japan, Korea, and Singapore are some of the leading countries in this regional market.
The report mentions and profiles top players in the global camera module market, which are LG-Innotek, Foxconn, Primax, Fiberoptic, SEMCO, Sharp, KMOT, BYD, Liteon, STMicro, Truly, Cowell, Toshiba. Sunny, Samsung BYD, and Vista Point. These players are profiled for company overviews, investment plans, financial outlooks, and research and development status.
According to a new study published by Transparency Market Research, the global camera module market will rise at a whopping 19.7% CAGR from 2013 to 2019. This will result in the market's valuation increasing from US$12 bn in 2012 to US$43.1 bn by 2019. The title of this report is "Global Camera Module Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019" and it is available for sale on the company's website.
Browse the full Global Camera Module Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/camera-module-market.html
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