Camera Modules Market – Industry Growth, Drivers and Top Key Players by 2024

Camera Modules Market

Global Camera Modules Market: Overview

The camera module is a type of image sensor that consists of control electronics, a lens, Ethernet, and an interface such as CSI. The utilization of camera modules has increased which is not only restricted to the conventional camera applications but also finds its applications in security, medical, automotive, and others. In the recent years, while purchasing mobile phones consumers prefer mobiles that have the good quality camera and high pixel power. Thus, there is a good future for the camera modules market.

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Global Camera Modules Market: Segmentation

The camera modules market is globally segmented into its component, process, and application. On the basis of the component, the global market is segregated into lens modules, image sensors, and others. Based on the process, the market is divided into flip-chip camera modules and COB (chip-on-board). Depending on the application, the camera modules market is categorized into automotive, industrial, aerospace & defense, consumer electronics, healthcare, and security and surveillance. Region-wise, the global market for camera modules is diversified into Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

Global Camera Modules Market: Growth Factors

The technological advancement that is made in the camera modules market is driving the market growth. There is also a significant growth in the smart phones and tablet PC market which is boosting the camera modules market. The increasing applications in the medical sector and the automotive sector are also fueling the demand for the camera modules. In the recent years, the consumer preferences have changed they want smart phones that have high screen resolution and has the good quality camera, thus there is a rise in demand for the camera modules. Consumers are now interested in having mobile phones that have the technology of mobile imaging, this interest is very much evident from the increasing demand for the brands Apple and Samsung. All of the above-mentioned factors are boosting the camera modules market in a significant way.

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Global Camera Modules Market: Regional Analysis

The region that accounted for the major share in the global camera modules market is Asia Pacific region. The factor that attributed to the market growth is the presence of the major smart phone and electronic components manufacture in this region. Europe and the North America camera modules market is also growing. The reason for this growth is the high disposable income of the consumers along with their tech-savvy nature. In the regions such as North America and Europe, there are growing legislations on using the automotive cameras which are boosting the demand for camera modules. Moreover, the developed health infrastructure in the developed economies is increasing the demand for camera modules.

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Global Camera Modules Market: Competitive Players

The key market players in the camera modules market include Chicony Electronics Co., Ltd., Lite-On Technology Corporation, Sunny Optical Technology (Group) Company Limited, Partron Co., Ltd., Samsung Electro-Mechanics Co., Ltd., Foxconn Electronics Inc., Sharp Corporation, Cowell E Holdings Inc., Toshiba Corporation, and LG Electronics Inc.

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