The global camera module market size is
expected to reach USD 61.78 billion by 2022, growing at a CAGR of 16.2% from
2015 to 2022, according to a new report by Grand View Research, Inc.
Technological proliferation and the increasing demand for smartphones and
tablet PC devices are expected to drive growth over the forecast period. Such
increase in the demand for high definition smartphones is expected to drive the
market for advanced CMOS and CCD technology-based devices, boosting the
prospects of camera module manufacturers.
The demand for camera modules in
smartphones and tablet PCs has increased exponentially over the last decade,
thereby supporting industry growth. Almost all the mobile phones in the coming
years are expected to have such modules installed in them.
The market is broadly segmented
on the basis of image sensor technology and the application segment. Vendors
offer CMOS and CCD technology-based image sensors that are used to manufacture
these modules to be used in various consumer electronic devices.
CMOS is majorly used at present
as compared to CCD. CMOS sensors are produced in bulk for many low-end
applications and their price depends on its application. On account of the need
for a specialized manufacturing process, CCD image sensors are expensive as
compared to their CMOS counterparts, and are used in niche applications such as
professional and high-end consumer electronic products.
These devices find extensive
applications in medical and healthcare segments, smartphone & tablet PC
devices, automotive industry, defense & aerospace, industrial &
security applications, and consumer electronics.
Browse full research report on Global
Camera Module Market: http://www.grandviewresearch.com/industry-analysis/camera-module-industry
Further key findings from
the report suggest:
- The growth of Unmanned Aerial Vehicles (UAV) has increased the demand for high-definition cameras in military applications. Additionally, the demand for high-resolution cameras for satellite imaging in space has also increased. The increasing need for imaging device in defense and space is also expected to contribute to camera module industry growth.
- Automotive sector is one of the rapidly growing segments for such advanced devices. The main factor contributing to this growth is the enforcement of government regulations in different regions. Driver safety has been a major concern for the government. Various initiatives are being taken by governments and car manufacturers in many regions to ensure driver safety and reduce the numbers of on-road accidents.
- Moreover, legislations related to the mandatory installation of imagers in automobiles are expected to improve the vision of the vehicle driver. Increasing adoption of these regulations in regions such as North America and Europe is estimated to have a positive impact on industry growth.
- Apart from automotive and defense, the demand for imaging devices in these technologies has increased due to the increasing awareness for health and aging population. This factor has positively influenced the growth in demand for such devices in the medical and health sciences sector.
- Asia Pacific camera module market accounted for over 60% of the revenue in 2014, owing to the existence of major smartphone and electronics component manufacturers. However, countries from North America and Europe are estimated to witness significant demand due to the presence of consumers with high disposable incomes and tech-savvy lifestyles in the region.
- Smartphone manufactures such as Samsung Corporation are manufacturing such modules for their devices reducing their dependence on other manufacturers for its components and modules.
- Key vendors include Foxconn Technology, Chicony Electronics, LG Innotek, Lite-On Technology, Partron, Samsung Electro-Mechanics, Sharp, STMicroelectronics N.V., Sunny Optical Technology Group, and Toshiba.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the camera module market
on the basis of technology, application, and region:
Technology Outlook (Volume, Million Units & Revenue,
USD Million; 2012 - 2022)
- CMOS
- CCD
Application Outlook (Volume, Million Units & Revenue,
USD Million; 2012 - 2022)
- Medical
- Smartphone & tablet PC
- Automotive
- Defense & space
- Industrial & security
- Consumer electronics
Regional Outlook (Volume, Million Units & Revenue,
USD Million; 2012 - 2022)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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