In the today’s era, camera module market is expanding its roots, now it’s not only limited to traditional digital camera applications also has other application sectors as medical, security, automotive and others. Camera is among the important parameter for mobile device manufacturers as now the consumer’s decision to buy the phone depends upon the pixel and type of camera in the mobile phone. There is a very bright future of the camera module market due to rising use of cameras in every sector.
Drivers, Trends and Restraints:
The rising trend of selfie has led the market players to integrate cameras in almost most of the consumer electronics. Another trend of installing security cameras in commercial and residential places is trending.
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The major driver of the camera module market is the consumer electronics sector as due to exponential growth in consumer electronics applications due to augmented demand for smartphones, tablets and cameras. The use of 3D image sensors in indoor navigation and advancement in image storing are forthcoming opportunities or this market. The companies are using 3D imaging technology and innovating new products for the camera module market.
The advancement in technologies is boosting the market for camera module market as increase in rise of virtual changing rooms and use of cameras embedded in smart mirror especially for medical sector is helping the market to grow.
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The increasing market of advanced driver assistance system in vehicles is increasing the demand for camera modules market. Machine vision technology is another factor boosting the camera module market as it is helpful in positioning, identification, measurement, verification and in flaw detection in various industries.
The high cost and heavy maintenance of camera module restraint the growth of camera module market.
Camera Module Market Segmentation:
Camera module market is segmented by sensor type, by application, by region. Camera Module Market segmentation by sensor type is done into CMOS camera module and CCD camera module. Camera Module Market Segmentation by application is consumer electronics, automotive, medical and industrial & security and defense & aerospace. On the basis of region global camera module market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
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Key Players of Global Camera Module Market:
The key players of the global Camera module market are Chicony Electronics Co., Ltd, – Foxconn Electronics Inc., Lite-On Technology Corporation, Sharp Corporation, Sunny Optical Technology (Group) Company Limited, Cowell E Holdings Inc., Partron Co., Ltd, Toshiba Corporation, Samsung Electro-Mechanics Co., Ltd. and LG Electronics Inc.