Key factors such as usage of increase in smartphone penetration and growth in consumer electronics industry drive the demand for the compact camera module market. However, high maintenance cost of camera impedes the market. Furthermore, growth in market for advance driver assistance system (ADAS) makes way for lucrative market development opportunities.
The global compact camera module market is segmented based on component, application, and region. Lens, image sensor, voice coil motor, and assembly components are studied under the component segment. Based on application, the market is divided into consumer electronics, automotive, security & surveillance, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global compact camera module market include Semco, LG Innotek, O-Film, Foxconn Sharp, Henkel, Sunny Optical, Menex, Liteon, Cowell, and Q-tech.
KEY BENEFITS FOR STAKEHOLDERS
In-depth analysis and dynamics of the global compact camera module market are provided in the report to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2018 to 2024 is provided to assist strategists and stakeholders to capitalize on the prevailing market opportunities.
Porter’s Five Forces analysis examines the competitive structure and provides a clear understanding of the factors that influence market entry and expansion.
A detailed analysis of the geographical segments assists in identifying the profitable segments for market players.
Comprehensive analyses of the trends, sub segments, and key revenue pockets of the market is included in the study.
KEY MARKET SEGMENTS
By Component
Lens
Image Sensor
Voice Coil Motor
Assembly Component
By Application
Consumer Electronics
Automotive
Security & Surveillance
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Contents
Executive Summary
According to a new report Global Compact Camera Module Market by Component and Application: Global Opportunities Analysis and Industry Forecast, 2018-2024, the global compact camera module market was valued at $26.66 billion in 2017, and is projected to reach at $57.81 billion by 2024, registering a CAGR of 11.4% from 2018 to 2024.Compact camera modules have gained momentum in the recent years owing to the growth in consumer electronics industry. The smartphone manufacturers continue to innovate in advanced camera module technologies thus propelling the growth of the compact camera module market.
Increase in the smartphones shipped, particularly in Asia-Pacific significantly drives the market growth. Further, rise in need for slimmer smartphones with advanced cameras influence several technological advancements in the compact camera module market.
The report features a competitive scenario of the global compact camera module market and provides a comprehensive analysis of the key growth strategies adopted by major players. The key players operating in the global compact camera module market include Semco, LG Innotek, O-Film, Foxconn Sharp, Henkel, Sunny Optical, Menex, Liteon, Cowell, and Q-tech. These players have adopted competitive strategies, such as innovation, new product development, and market expansion to boost the growth of the market.
The growth in ADAS and automated driving makes way for lucrative opportunity for the market growth. ADAS utilizes image sensors to provide safety features such as lane-departure warning, parking assistance, and collision avoidance systems. The automated driving and ADAS systems largely benefit from the digital still camera manufacturers and the expertise developed from the mobile camera modules.
Key findings of the Compact Camera Module Market:
The image sensor sub-segment accounted for the highest share in 2017.
The consumer electronics sector dominated the market in 2017 owing to increased adoption in smartphones.
Asia-Pacific dominated the global compact camera module market in 2017, owing to the presence of huge number of manufacturers. Further, China accounts for a major percentage of the regional revenue.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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