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 Camera Module Market: https://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
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/camera-module-industry/request/rs1
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.
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