Camera modules are integral components of modern smartphones that enable users to capture high-quality images and videos. Camera modules offer advanced features such as autofocus, optical zoom, optical image stabilization and high megapixel count that allow users to take professional-grade photographs directly from their smartphones. This has significantly boosted the adoption of advanced camera-equipped smartphones globally. The global Camera Module Market is estimated to be valued at US$ 4.60 Billion in 2024 and is expected to exhibit a CAGR of 6.58% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing adoption of Camera Module in smartphones is one of the major trends currently being witnessed in the market. As smartphones are increasingly being used to post travel photos and portraits on social media platforms, OEMs are recognizing the importance of advanced camera features in boosting smartphone sales. This has accelerated the incorporation of high-resolution sensors, advanced lens configurations and other cutting-edge technologies in the camera modules by smartphone manufacturers. The emergence of multi-camera smartphones further augments market growth. Major smartphone manufacturers are opting for versatile camera modules that allow shooting modes such as portrait, noise and close-up photographs. This trend is expected to drive Camera Module demand over the forecast period.
Segment Analysis
The Global Camera Module Market Demand is dominated by the CMOS sub-segment which holds around 60% of the total market share. CMOS camera modules have gained popularity over CCD modules as they provide higher quality images and videos along with low power consumption. They are increasingly being used in premium smartphones, tablets, and other devices. The high pixel count camera modules segment is also growing at a fast pace as OEMs are focusing on improving the camera capabilities of devices.
Key Takeaways
The global camera module market is expected to witness high growth over the forecast period driven by increasing use of multiple camera setups in smartphones and demand for high-resolution cameras from end users.
Regional analysis. Asia Pacific currently dominates the global market and is expected to maintain its leading position during the forecast period. This can be attributed to presence of several camera module manufacturers and smartphone OEMs in China, Taiwan and South Korea. In addition, many global players are establishing manufacturing facilities in the region to cater to the growing local demand. Europe and North America are other major markets owing to high demand for camera-enabled devices.
Key players. Key players operating in the camera module market are Samsung Electro-Mechanics, LG Innotek, Sharp, Lite-On Technology Corporation. Samsung Electro-Mechanics holds the largest market share owing to its leadership in the smartphone camera module space. It supplies camera modules for flagship phones of major brands like Samsung, Apple etc. LG Innotek has also strengthened its position by partnering with major smartphone OEMs for multi-camera setups.
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Industry OVERVIEW OF Automotive Camera Module MARKET 2020 TO 2026:The market intelligence report on the Global Automotive Camera Module Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.
The Global Automotive Camera Module Market is expected to deliver a steady growth rate in the forecast duration from 2020 to 2026.
Fill in your details to get your hands on an Exclusive Sample of this Report @ https://www.reportsanddata.com/sample-enquiry-form/29In market segmentation by manufacturers, the report covers the following companies-Panasonic, Valeo, Magna, Continental, MCNEX, SEMCO, LG Innotek, Bosch, ZF TRW, Tung Thih, KACONFurthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.
The report has been created after analyzing its essential information in the overall Global Automotive Camera Module market 2020, the vital market aspects influencing the market growth in the coming years.
Our team of expert analysts has scrutinized the Automotive Camera Module market report by referring to the data provided by leading companies.In market segmentation by types of Automotive Camera Module, the report covers-Back CameraFront CameraOthersIn market segmentation by applications of the Automotive Camera Module, the report covers the following uses-SedanSUVOtherDo you have questions about the Report or want to inquire about a Discount?
Ask our Expert @ https://www.reportsanddata.com/discount-enquiry-form/29The following years are used in this study to estimate the size of the Automotive Camera Module market:Historical year: 2016-2018Base year: 2019Estimated year: 2020Forecast years: 2020 to 2026Scope of the Research:The report offers an in-depth assessment of the competitive scenario, taking into consideration the market shares held by leading companies.
Global automotive camera module market is estimated to expand at a substantial CAGR of 21.2% by 2022 as the scope, product types, and its applications are increasing across the globe.
Automotive camera module records drivers inclination provides improved driving experience and helps in the prevention of collisions.
The factors that propel the growth of the automotive camera module market include traffic congestion, increasing road accidents, increasing demand for luxury vehicles, change in customer preferences and strict governmental regulations have resulted in an increased demand of automotive cameras module for the vehicles.
The key players contributing to the robust growth of the automotive camera module market comprise Continental, Autoliv, Gentex, FUJITSU, Mcnex, Magna, Sekonix, Panasonic, Valeo, and Sony.
The report segments the market and forecasts its size, by volume and value, on the basis of application (dash camera, backup, surround, adas, etc.
Additionally, the report includes the study of opportunities available in the automotive camera module market on a global level.
The Global Camera Module Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversIncreasing demand for market of smartphones and tablet PCsUse of social networking mobile apps is also driving this market as image sharing is also the part of all social networks.Increasing trend of photography to make fashion statements.The growing market for advanced driver assistance systems (ADAS) in the automotive sector.RestraintsHigh cost and heavy maintenance of camera module is restraining factor for the growth of this market.Market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate.
Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.Browse the complete Global Camera Module Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/433-camera-module-market-reportThe report also offers a competitive landscape of the overall market with company profiles of players such as:Foxconn Technology Co. Ltd.Chicony Electronics Co. Ltd.LG Innotek Company Ltd.Lite-On Technology Corp.Partron Co. Ltd.Samsung Electro-Mechanics Co. Ltd.Sharp CorporationStmicroelectronics N.V.Sunny Optical Technology Group Co. Ltd.A detailed description of the each company has been included and includes information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of market players.
The report also provides Camera module market's Mergers/acquisitions, Partnerships, Collaborations, New product lunches, new product developments and other industry developments.SEGMENTATIONS IN REPORT:Camera Module Market by Sensor Type:CMOS Camera ModuleCCD Camera ModuleCamera Module Market by Application:Smartphone and Tablet PCConsumer ElectronicsAutomotiveMedicalIndustrial & SecurityDefense & SpaceCamera Module Market by Geography:Asia PacificNorth AmericaEuropeLatin AmericaMiddle East And AfricaDownload Free Sample Report of Global Camera Module Market @ https://www.decisiondatabases.com/contact/download-sample-433The Global Camera Module Market has been exhibited in detail in the following some chapters -Chapter 1 Camera Module Market Preface Chapter 2 Executive SummaryChapter 3 Camera Module Industry AnalysisChapter 4 Camera Module Market Value Chain AnalysisChapter 5 Camera Module Market Analysis By Sensor TypeChapter 6 Camera Module Market Analysis By ApplicationChapter 7 Camera Module Market Analysis By GeographyChapter 8 Competitive Landscape Of Camera Module CompaniesChapter 9 Company Profiles Of Camera Module IndustryPurchase the complete Global Camera Module Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-433Other Reports by DecisionDatabases.com:Global Shortwave Infra-Red (SWIR) Camera Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Wearable Lifelogging Cameras Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
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