Camera Modules Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2021-2026)
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Camera Modules market size was valued at $30.1 billion in 2020, and it is estimated to grow at a CAGR of 7.5% during 2021-2026. The growth is mainly attributed to the growing trend for multi-camera smartphones and security concerns led to the adoption of surveillance is set to drive the camera module market. Additionally, technological advancements in compact camera modules provide opportunities for market growth during forecast period 2021-2026. The increased demand for camera components in consumer electronics driven by the growth in demand for smartphones, digital cameras tables and wearables will be significant drivers of the camera module market. The increasing shift to high-resolution camera modules especially in machine vision systems is driven by improved technology and price decline of these camera components and modules. Contact: (+1)970-236-3677
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Key Takeaways APAC dominated the Camera Modules market in term of revenue in 2020 owing to the increase in adoption of camera modules in consumer electronics applications. Adoption of advanced technologies such as machine vision and artificial technology for the development of smart cameras is poised to propel market growth. Increasing adoption of Compact camera Modules in ADAS in autonomous vehicles sector is poised to provide opportunities for market growth. High cost is the major challenge that hampers the camera modules market growth. Contact: (+1)970-236-3677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis CMOS Image Sensor held the major share of 30.3% in 2020. Adoption of CMOS (Complementary metal-oxide-semiconductor) image sensor owing to its higher sensitivity due to the latest pixel architecture which is beneficial in lower light applications drive the market. CMOS image sensors offer lower power consumption and provide lower dark noise compared to other image sensors and this has increased the demand in the market. Additionally, these sensors are increasingly used in machine vision. With the integration of machine vision technology, there has been increase in adoption of image sensors. Contact: (+1)970-236-3677 Email: sales@industryarc.com
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Camera Modules Market Industry Outlook • Samsung Electro-Mechanics Co, Ltd • Partron Co., Ltd • LG Innotek • Sharp Corporation • Ams • Omni vision Technologies • Primax Electronics • Chicony Electronics Co. Ltd • Cowell e Holdings Inc • Foxconn Electronics Contact: (+1)970-236-3677 Email: sales@industryarc.com
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Camera Modules Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2021-2026) Learn More About the Report
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