Smartphones Market to Dictate Growth of Global Camera Module Market

Increasing penetration of the markets for smartphones and tablet PCs is the major factor driving the global camera module market. Consumers have adopted mobile imaging through cellular phones, which is apparent from the rapidly expanding markets for Samsung, Apple, and LG devices, recognized for the superiority of their camera modules over other smartphone companies.

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A camera module is essentially an image sensor integrated with control electronics and an interface, such as Ethernet, CSI, or plain raw low-voltage differential signaling. The basic function of a camera module is to capture images and take videos. However, with growing demand for technologically advanced devices, the global camera module market has also witnessed tremendous changes aimed at updation of existing devices and innovation of new ones.

The global camera module market is witnessing a radical change for the better, growing with every technological advancement. In the coming years, the global camera module market is expected to grow at a noteworthy rate due to the increasing usage of tablet PCs and smartphones, coupled with the growing demand for better pixel clarity. As more and more smartphone users are realizing the power of good phone cameras and the possibility of high-quality imaging through them, they are collectively changing the face of the global camera module market. In addition to this, the influx of mobile applications for social networking and communicating via email are also encouraging the growth of the global camera module market in direct and indirect ways.

According to the report, the global camera module market was valued at US$12.0 billion in 2012 and is expected to reach US$43.06 bn by 2019, growing at a CAGR of 19.7% between 2013 and 2019.

2012 saw the smartphones segment account for more than 80% of the demand for camera modules. Analysts predict that the smartphones application segment will grow at a CAGR of 21.9% between 2013 and 2019. This incredible growth rate can be attributed to the increasing popularity of smartphones that are enabled with both front and rear cameras. As the Asia Pacific region has the maximum number of camera module manufacturers, this regional market will witness a prolific growth rate. It will continue its dominance in the global camera module market just as it did in 2012 with a market share of more than 60%.

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To give a fair assessment of the competitive landscape of the global camera module market, the report profiles some of the key players such as LG-Innotek, Liteon Chicony, Foxconn, STMicro, Primax, Truly,Fiberoptic, Cowell, SEMCO, Toshiba, Sharp, Sunny, KMOT, Samsung, BYD, and Vista Point. The profiles include company overviews, financial outlooks, investment plans, and their research and development status.

The global camera module market is segmented on the basis of:

Sensor Type Segmentation of Global Camera Module Market

> CMOS Camera Module
> CCD Camera Module

Application Type Segmentation of Global Camera Module Market

> Smartphone and tablet PC
> Consumer electronics
> Automotive
> Medical
> Industrial & Security
> Defense & Space

Camera Module Market, by region

> North America
> Europe
> Asia Pacific
> Rest of the World

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