Consumer electronics application to lead the
market while automotive is expected to have the highest CAGR during the
forecast period. Consumer electronics products such as smartphones, tablet PCs,
and wearables undergo rapid technological advancements. Along with the
increasing competition in the consumer electronics industry, growing demand
from end-use consumers is driving the advancements in different components such
as camera modules. Smartphones are the major product to contribute
significantly.
What
major factors that would provide opportunity for the market?
Major opportunities in the market include
government initiatives pertaining to increase safety level in vehicles leading
to the adoption of ADAS, the emergence of autonomous vehicles, growing
applications of AR & VR devices
Will
automotive application play important role for camera modules for next 5 years?
The automotive sector holds high growth
opportunities for the camera
modules market after consumer
electronics application and is expected to grow at the highest CAGR. Factors
accounting for the significant growth and share of automotive applications in
camera modules market include the adoption of ADAS in vehicles by different
automobile OEMs, government mandates to introduce advanced safety features in
vehicles, increasing level of vehicle autonomy, and increasing demand for
various safety features in vehicles from end-users
Which
are the major companies in the market? What are their major strategies to
strengthen their market presence?
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), are among
few major players in the market. Partnership and collaborations, product
launches are some of the important strategies in the market followed by players
to strengthen their presence.
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.
Aashish Mehra
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
