Compact Camera Module Market
Compact Camera Module Market (Lens Type - Auto-Focus and Fixed- Focus; End Use - Mobile, Automotive, Security, Industrial, Healthcare, Computing and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026
Press Release :
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. As billions of smartphones and tablets get sold across the globe, manufacturers of compact camera modules witness a soaring demand. Integration of compact camera modules in a variety of electronics and electrical devices is picking up traction, which has influenced the manufacturers towards understanding the holistic applicability of compact camera module rather than creating single-purpose modules. Effective application of compact camera modules in automotive technologies has further extended their application purview, and unlocked new opportunities for market players.
Transparency Market Research’s latest forecast study on the global compact camera module market observes a robust expansion for the market over the forecast period, 2017-2026. During this period, the global compact camera module market is assessed to expand at a value CAGR of 12.1%. The report further estimates that by the end of 2026, compact camera modules sold across the globe will rake in revenues worth over US$ 92.8 Bn.
Compact Camera Modules with Auto-Focus Lens to Capture Highest Sales
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 auto-focus lens or fixed-focus lens. In 2017, it has been estimated that the sales of compact camera module with auto-focus lens accounted for an approximately two-third share of the overall global market value. The report projects that through 2026, compact camera modules developed with auto-focus lens shall outsell the modules with fixed-focus lens. Interdependence of auto-focus lens modules with other components of electronic device will boost their functioning and drive their essentiality in terms of enhancing the image capturing capabilities of devices. By the end of 2026, more than US$ 67 Bn worth of compact camera module with auto-focus lens are likely to be sold globally.
Automotive End-use of Compact Camera Modules to Incur Steady Traction
Explosive growth in the global automotive industry has had a considerable influence in boosting the adoption of compact camera modules. The overall global compact camera module ecosystem witnesses growing integration of these modules in automotive technologies such as advance driver assistance systems (ADAS) and parking systems. Moreover, manufacturers are simplifying the assembly of compact camera modules to meet the expectations of OEMs in the automotive industry. Over the forecast period, the automotive end-use of compact camera modules is pegged to register a 9.8% CAGR in terms of value. However, mobile device end-use of compact camera modules will register fastest revenue growth during the forecast period, and will represent more than 80% of the global market value by the end of 2026.
Compact Camera Module Market: Key Companies
Leading manufacturers of compact camera modules have been identified in the report. Companies namely, Semco, LG Innotek, O-Film, Foxconn Sharp, Henkel, Sunny Optical, Menex, Liteon, Cowell and Q-tech are observed as global leaders in compact camera module manufacturing, and are extensively profiled in this report. Key focus of these market players is to capitalize on the growing developments of advanced camera module technologies put forth by smartphone and tablet manufacturers. Moreover, several companies will be developing modules that can effectively support the integration of additional image capture capabilities and keep pushing the resolution scope through increased camera module functionality and reliability.
Compact Camera Module Market to Witness Lucrative Growth Opportunities from Electronic Industry
The rising integration of image capture capabilities of cameras is likely to shape the future of the global compact camera module market. This is evidently going to benefit the electronic hand-held devices such as tablets and smartphones as well. The compact camera module industry will observe a developing interest for back-end camera modules later on. A few electronic gadgets will observer incorporation of posterior camera modules with their electrical centralized server. As for such developing interest, dominant part of market players will zero in on broadening the creation of compact camera modules with auto-center focal point.
While high-development areas, such as car and buyer gadgets are seen as the key end-client ventures of compact camera modules, their appropriation keeps on fluctuating based on sort of gathering, camera module advances and focal point holding materials.
Driven by vigorous applications in auto area and buyer gadgets industry, compact camera modules keep on bringing about headways regarding new goal envelopes, improved imaging capacities, and high reconciliation. Cell phones and tablets are sold across the globe in billions, thus propelling the manufacturers of compact camera modules witness an augmenting demand. Combination of compact camera modules in an assortment of gadgets and electrical gadgets is getting footing, which has affected the producers towards understanding the all-encompassing materialness of compact camera module instead of making single-reason modules. Compelling use of compact camera modules in auto innovations has additionally broadened their application domain, and opened new freedoms for market players.
Rapid development of automobile industry worldwide has had an impressive impact in boosting the selection of compact camera modules. The by and large worldwide compact camera module environment observes developing coordination of these modules in car innovations, for example, advance driver help frameworks (ADAS) and leaving frameworks. Besides this, producers are improving on the gathering of compact camera modules to meet the assumptions for OEMs in the auto business.
Global Compact Camera Module Market: Overview
The camera module industry continues to witness high value growth in the view of growing integration of image capturing technologies in the electrical mainframe of hand-held electronic devices and automotive systems. Smartphones and tablets are being developed with adoption of advanced camera module technologies. Cameras are being miniaturized and these compact components are being integrated with the additional image capturing capabilities of electronic systems. In addition, manufacturers of compact camera modules are being influenced towards extending their resolution envelope and enhancing the camera module functionalities to support reliability of other components on these modules. Key developments in the end-use of compact camera modules will continue to transform their adoption, and also influence their development in the foreseeable future. The global market for compact camera modules will be widely influenced by ongoing technological innovation and growing integration of smart camera technologies.
Transparency Market Research offers valuable insights on how the global market for compact camera modules will evolve in the upcoming years. The report provides qualitative information and quantitative data that traces the expansion of the global compact camera module market till date, and offers a comprehensive forecast for the assessment period, 2017-2026. The report offers a range of objective information on how the manufacturers of compact camera modules can develop new strategies to capture untapped avenues in the global landscape.
Holistic Research Approach & In-Depth Market Segmentation
Key advantage of availing this report is procuring all-embracive researched information that has been validated across multiple parameters. Key technologies encompassing the manufacturing of compact camera modules have been identified and a roadmap on how the future of compact camera module manufacturing will shape up has been offered in the report. The study provides comparative analysis on fast-growing segments and lucrative markets to extend the understanding of market players. All elements associated with the assembly, design and end-use of compact camera modules have been analyzed to weigh their impact on the overall market growth.
Key sections in the report offer segmental analysis & forecast on expansion of the global compact camera module market. For the purpose of in-depth analysis, the global market for compact camera modules has been segmented on the basis of lens-type, end use, and region. The report also offers forecast on country-specific compact camera module market. In addition, cross-segmental analysis of the global compact camera module market is also provided in the report.
Multiple datapoints have been procured from conducting consistent dialogue with market players. Information provided by companies has revealed the veiled reality encompassing the development and sales of compact camera modules. Key companies in the global compact camera module market have been profiled on the basis of their current market standings. In addition, the report has also revealed latest strategic developments of compact camera module manufacturers. All information provided in the competition assessment has been detailed in a balanced manner. The report offers insights on how new strategies can help improve business for existing market players. The study also offers knowledge for market entry and emerging players can assess the inferences provided in this report to map their undertakings for the near future.Unbiased Competitor Analysis