CHICAGO, Feb. 4, 2020 /PRNewswire/ -- According to the new market research report "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", published by MarketsandMarkets™, 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.
Ask for PDF Brochure:
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.
Browse in-depth TOC on "Camera Modules Market"
106 – Tables
47 – Figures
167 – Pages
Inquiry Before Buying:
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.
Please Explore Relevant Reports:
Image Sensor Market by Technology (CMOS, CCD), Processing Type (2D, and 3D), Spectrum (Visible, and Non- Visible), Array Type (Linear, and Area), Vertical (Automotive, Consumer Electronics, Industrial), and Geography - Global Forecast to 2023
Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor), Software (Deep Learning and Traditional software)), Product (PC Based and Smart Camera Based), Application, End-User Industry - Global Forecasts to 2024
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, "Knowledge Store" 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.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/camera-module-market.asp Visit Our Web Site: https://www.marketsandmarkets.com
Content Source : https://www.marketsandmarkets.com/PressReleases/camera-module.asp