The new report by Expert Market Research titled, Global Camera Module Industry Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2022-2027’, gives an in-depth analysis global camera module market assessing the market based on component, application and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/camera-module-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 34.5 Billion
- Forecast CAGR (2022-2027): 8%
- Forecast Market Size (2027): USD 54.1 Billion
Consumer gadgets have seen a rise in demand over the past few years. Easy access to electronic goods via e-commerce websites, shorter replacement cycles, and lower prices are all contributing factors. As a result, the demand for camera modules declined in 2021 because of COVID-19’s spread and the emergence of the disease. Because of this, they saw a decrease in profits. Consequently, the market’s growth trajectory slowed a bit.
Industry Definition and Major Segments
A camera module connects an image sensor, lens, and control circuits via a signalling interface like CSI, Ethernet, or just raw low-voltage differential signalling. It includes picture preprocessing, software for operation and control, programming APIs, all required drivers, documentation and occasionally even a support hotline. The study looks at how they are employed in applications including smartphones, laptops, and other industrial, healthcare, and automotive applications.
The market, based on component, comprises of:
- Image Sensor
- Camera Module Assembly
- VCM Suppliers (AF and OIS)
Based on the application, the market is divided into:
- Consumer Electronics
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Several recent corporate alliances between automotive manufacturers, chip producers, and system integrators have formed as the automobile sector continues its transition to the autonomous age. A long-distance driving assistance system, which lowers accidents due to fatigue and neglect from long-distance driving, is being developed by the producers of image sensors and cameras.
By 2026, the camera module market in APAC is estimated to grow at the highest CAGR throughout the forecast period, accounting for the greatest share of the market. In the camera module market, APAC-based businesses are leading the charge. In the near future, the camera module market is expected to be fueled by rising population and smartphone penetration in APAC countries. Demand for camera modules in the automotive industry is increasing as governments in numerous countries in the area take steps to improve safety standards for automobiles.
Key Market Players
The major players in the market are Sony Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., OFILM, Chicony Electronics Co., Ltd, MCNEX Co., Ltd. and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: Elena Jones, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Read More Reports:-
Propane Market : https://www.expertmarketresearch.com/reports/propane-market
Biodiesel Market : https://www.expertmarketresearch.com/reports/biodiesel-market
Coffee Market : https://www.expertmarketresearch.com/reports/coffee-market
Electric Bike Market : https://www.expertmarketresearch.com/reports/electric-bike-market
Functional Food Market : https://www.expertmarketresearch.com/reports/functional-food-market
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.