Compact Camera Module Market Poised for an Explosive Growth in the Near Future

Compact Camera Module are mainly used for consumer electronics, communication medical device application and security monitoring. Compact camera modules are primarily developed for the mobile applications, but with the technological up gradation over the years, it has brought together several heterogeneous subcomponents from the semiconductor industry, optical industry and micro motor industry.

The growth of the compact camera modules market is primarily driven by the exponential growth in the consumer electronics application, especially the growing demand for devices such as cameras, smartphones and tablets. Cameras have become one of the important features for mobile device manufacturers as the purchasing decision of end users depends on the type of camera and pixel size of the camera in the mobile phones.

The global compact camera module has been segmented on the basis of type, pixels, application, and manufacturing. Based on type, the global compact camera module market has been segmented as front end fixed focus module and back side auto focus module. Front end fixed focus module is mainly used for video chatting and the back side auto focus is used for taking pictures and videos.

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On the basis of pixels, the global compact camera module market has been segmented by less than 8MP, 8 to 16MP and more than 16MP. By application, the global compact camera module market has been segmented into mobile phones, tablets, security, automotive and others. Mobile phone segment is showing rapid growth during the forecast period owing to the rising adoption of smart phones among the population across the globe. By manufacturing, the market was sub-segmented into sensors and lens while chip scale process and chip on board.

The global compact camera module market is mainly driven by rising demand for rising adoption of mobile phones, increasing demand for dual cameras, adoption of cameras in automobiles dashboard over the years. In addition, the camera modules used in the security and surveillance systems are penetrating the household security market, intelligent buildings, and outdoor security market along with the government facilities and commercial buildings. However, heavy maintenance of compact camera modules and high cost are some factors that hinders the growth of this market. Growing usage of compact camera modules in head mounted cameras for sports and entertainment applications and demand for multiple applications (Iris scan and facial recognition) within single camera module are some of the recent trends which is expected to create ample opportunities for manufacturers in this market.

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In the region wise study, the global Compact Camera Module market has been segmented into North America, Europe, Asia Pacific Middle East, Africa and South America. Europe which comprises of Germany, France, Italy, and United Kingdom captured the largest market share followed by North America.

Asia Pacific region which comprises of China, India, Japan, and Australia among others is anticipated to experience the fastest growth of Compact Camera Module market during the forecast period due to the rising number of manufacturers’ couple with increase in the number of birth rates. China and India showed the fastest growth over the years due to the rising number of offline retail stores over the years.

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The global compact camera module market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products to the customers. Some of the key players engaged in compact camera module market include various manufacturers such as LG Innotek, Foxconn Technology Co.Ltd, Truly Opto-Electronics Ltd, AEi Automated Engineering, System Plus Consulting, Sunny Optical Technology (Group) Company Limited, Excelitas Technologies, TAMRON Co.,Ltd., Cowell Holdings, Samsung Electronics, Sharp Corporation, Partron Co., Ltd., Shenzhem O-Film Tech Co. Ltd. and Others.

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