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Global Camera Module Market to Expand at 19.70% CAGR 2013-2019, Fueled by Growing Demand for Smartphones

Posted on Mar 08, 2016

Transparency Market Research, in a report titled “Global Camera Module Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019,” states that the global camera module market is projected to expand at a strong CAGR of 19.70% from 2013 to 2019, increasing from a value of US$12 bn in 2013 to US$43 bn in 2019. This growth, the report indicates, can be attributed to the improvement in camera resolution in a number of handheld electronic devices, the remarkable development of the tablet and smartphones markets, the rising application of camera modules in the medical, defense and space, and automotive sectors, the prevalent trend of social networking and sharing images, and the rapid technological advancement in the architecture and components of camera modules.

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

Camera modules convert optical signals into digital electric signals through the lens with the help of image sensors to display the captured image on the electronic device. These modules offer a range of functions such as still image capture, video recording, and gesture recognition. The reliability and functionality of camera modules is of utmost importance because consumers of smartphones and tablets today demand high-quality picture resolution. This is the reason why companies such as Apple, Samsung, and LG have been focusing on increasing the capabilities of their camera modules.

On the basis of sensor type, the camera module market is bifurcated into charge coupled devices (CCD) camera module and complementary metal oxide semiconductor (CMOS) camera module. The former segment has been leading the overall market for several years but has been suffering a setback in recent times owing to the growing demand for CMOS technology.

The camera module market is segmented on the basis of application into consumer electronics, medical, defense and space, smartphones and tablets, automotive, and industrial and security. In 2012, the segment of smartphones and tablets dominated the overall camera module market with a massive share of more than 80%. Expanding at a remarkable CAGR of 21.90% from 2013 to 2019, this application segment is expected to be driven by the soaring popularity of smartphones among the public. In addition, the rise in pixel clarity, the rapid development of new software, and the surge in social networking apps have also contributed to the expansion of this segment.

On the basis of geography, the global camera module market is divided into Europe, North America, Asia Pacific, and Rest of the World. In 2012, Asia Pacific emerged as the leading regional segment of the camera module market with a share of over 60%. This can be attributed to the strong and rising presence of camera module manufacturers in the region. Countries such as Japan, South Korea, Singapore, China, India, Taiwan, and Malaysia are home to some of the most established and prolific market players such as Toshiba, Sharp, SEMCO, and LG-Innotek. The flourishing global and domestic businesses of these companies have significantly contributed toward the expansion of the Asia Pacific camera module market.

Some of the prominent players competing in the global camera module market are Sunny, Vista Point, LG-Innotek, Sharp, KMOT, Cowell, Foxconn, Truly, STMicro, Liteon Chicony, Primax, SEMCO, Fiberoptic, BYD, Toshiba, and Samsung.

Camera Module Market, by Sensor

  • CMOS Camera Module
  • CCD Camera Module

Camera Module Market, by Application

  • Smartphone and tablet PC
  • Consumer electronics
  • Automotive
  • Medical
  • Industrial & Security
  • Defense & Space

Camera Module Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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