According
to the research report the "Camera Modules Market by Component
(Image Sensors, Lens Modules, Voice Coil Motors), Focus Type (Fixed, Auto),
Interface, Pixel, Process, Application (Consumer Electronics, Automotive,
Security & Surveillance), and Region - Global Forecast to 2025", The global camera modules market size is
projected to grow from USD 31.5 billion in 2020 to USD 44.6 billion by 2025; it
is expected to record a compound annual growth rate (CAGR) of 7.2%. Increasing
trends of multiple camera-based smartphones, rising public safety and security
concerns led to the adoption of surveillance, technological advancements in
components of camera modules for its integration in devices, and rising demand
for ToF cameras in smartphones are driving factors of the market. Government
initiatives to increase vehicle safety is leading to the adoption of ADAS, the
emergence of autonomous vehicles, and growing applications of AR and VR devices
are the factors providing an opportunity for market growth.
Image sensors to lead camera modules
market during forecast period (2020–2025)
The
image sensor is expected to hold the largest share of the camera modules
market. This is mainly because of the increased usage of image sensors in
smartphones and vehicles due to the rise in demand for good image quality in
smartphones and the requirement of safety features in vehicles. Apart from
consumer electronics and automotive applications, other applications such as
security & surveillance, healthcare, and industrial create an opportunity
for the image sensor market.
Consumer electronics application to
account largest size of camera modules market by 2025
Wide
use of cameras for imaging applications in consumer electronics such as
smartphones, tablet PC, cameras, and wearables resulted in significant growth
of camera modules in consumer electronics applications. Smartphone is the major
product among consumer electronics products to contribute significantly towards
the growth of camera modules. Demand for better image quality from smartphones
by consumers has led to the adoption of multiple cameras and higher resolution
cameras by smartphone OEMs, which in turn assisted consumer electronics
application to gain a larger share in the camera modules market. Consumer
electronics application is expected to hold the largest market share throughout
the forecast period.
Asia Pacific to exhibit largest market
share for camera modules through forecast period
Factors
such as the; presence of leading smartphone OEMs such as Samsung, Oppo, Vivo,
and Xiaomi in APAC; rising trends of advanced cameras in consumer devices;
increasing adoption of cameras in automotive applications; and rising needs for
security & surveillance cameras are major driving factors for the growth of
the camera modules market in APAC.
LG
Innotek (South Korea), Sunny Optical Technology (Group) Company Ltd. (China),
Sharp Corporation (Japan), Samsung Electro-Mechanics (South Korea), OFILM Tech
Co., Ltd. (China), ams (Austria), Chicony Electronics Co., Ltd. (Taiwan), MCNEX
Co. Ltd. (South Korea), Primax Electronics Ltd. (Taiwan), Q Technology (Group)
Company Ltd. (China), CAMMSYS Corp. (South Korea), Cowell (China), e-con
Systems (US), Haesung Optics (South Korea), Jenoptik (Germany), Kyocera
Corporation (Japan), Leopard Imaging Inc. (US), Luxvisions Innovation Limited
(Taiwan), Partron Co., Ltd. (South Korea), Shenzhen CM Technology Company Ltd.
(China), and Truly Opto-Electronics Ltd. (China) are among a few of the key
players in the camera modules market.
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the "Growth Engagement Model – GEM". The GEM
aims at proactive collaboration with the clients to identify new opportunities,
identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and
its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™
INC.
630 Dundee Road
Suite 430
Northbrook, IL
60062
USA:
1-888-600-6441
newsletter@marketsandmarkets.com
No comments:
Post a Comment