Factors such as increasing demand,
from end users, for consumer electronics and rising public safety and security
concerns leading to adoption of surveillance cameras are among the driving
factors of the camera modules market. Moreover rising innovations and
advancements in image sensors to create lucrative opportunities in the camera
modules market.
Who are the major applications of the
camera modules that are expected to drive the growth of the market in the next
5 years?
The major applications of the camera modules are
consumer electronics, automotive, healthcare, industrial, security and
surveillance, and aerospace and defense are expected to have a significant share
in this market. .
What are the opportunities for new
market entrants?
There are significant opportunities
in the camera modules market for start-up companies. With the rising need to
measure marketing effectiveness, the demand for camera modules is also rising.
Which is the potential market for the
camera modules in terms of the region?
The APAC region is expected to
dominate the camera modules market due to the increasing population and rising
penetration of smartphones in countries in APAC and region’s several countries'
governments are taking initiatives about safety norms in automotive vehicles.
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Which are the major companies in the
camera modules market? What are their major strategies to strengthen their
market presence?
The major companies in the camera
modules market are – LG Innotek (South Korea), OFILM Group Co., Ltd. (China),
Sunny Optical Technology (Group) Co., Ltd. (China), Hon Hai Precision Inc. Co.,
Ltd. (Foxconn) (Taiwan), and Samsung Electro-Mechanics (South Korea). The major
strategies adopted by these players are product launches, expansions, partnerships,
collaborations, and acquisitions.
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