Compact Camera Module Market Overview:
The Compact Camera Modules are employed with functionalities such as downsampling features and light sensing capabilities that enable the users to take pictures through electronic devices including smartphones, tablet PCs, and others. The growth in demand for devices, such as cameras, tablets, and smartphones drives the growth of the compact camera module market. Further, the consumer requirement for slimmer smartphones transforms the technological advancements in the global market.
Factors such as an increase in smartphone penetration and growth in the consumer electronics industry drive the demand for the compact camera module market. However, the heavy and high maintenance cost of the camera impedes market growth. The rise in the development of the market for advanced driver assistance systems (ADAS) ensures emerging growth opportunities for the market globally.
The integration of compact camera modules in diverse electrical devices and electronics has gained traction, which has thereby influenced the manufacturers to incline toward the holistic applicability of CCM rather than building single-purpose modules. The effective application of CCMs in automotive-centric technologies has further extended the purview of the applications, thus unlocking several opportunities for the market players.
The global compact camera module market is segmented based on component, application, and region. Lens, image sensor, voice coil motor, and assembly component are studied under the component segment. Based on application, the market is divided into consumer electronics, automotive, security & surveillance, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Increased Growth in the Consumer Electronics Industry
The compact camera modules are employed with functionalities such as downsampling features and light sensing capabilities that enable the users to take pictures through electronic devices including smartphones, tablet PCs, and others. The growth in demand for devices, such as cameras, tablets, and smartphones boosts the growth of the compact camera module market.
Growth in Smartphone Penetration
The increase in the smartphones shipped, particularly in the Asia-Pacific region significantly drives the market growth. The increase in the need for slimmer smartphones with advanced cameras has influenced several technological advancements in the compact camera module market.
High Cost & Heavy Maintenance
High cost of the compact camera module paired with the heavy maintenance restrains the growth of the market to a notable extent, especially in price-sensitive economies. Moreover, the development of a 3D sensing user interface in smartphones with biometric capability is expected to further increase the cost of the compact camera modules.
Key Benefits
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global compact camera module market.
- In-depth analysis is conducted by devising market estimations for the key market segments for the period of 20182024.
- Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global compact camera module market.
Compact Camera Module Market, by Component Report Highlights
| Aspects | Details |
 By Component |
|
 By Application |
|
 By Region |
|
 Key Market Players | CHICONY ELECTRONICS CO LTD, FOXCONN TECHNOLOGY GROUP, LITE-ON TECHNOLOGY CORPORATION, LG INNOTEK CO., LTD, COWELL E HOLDINGS INC., Q TECHNOLOGY (GROUP) COMPANY LIMITED, O-FILM TECH CO., LTD, SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED, SAMSUNG ELECTRO-MECHANICS, HENKEL CORPORATION |
Analyst Review
The growth in ADAS and automated driving is highly opportunistic for the market growth. ADAS utilizes image sensors to provide safety features such as lane-departure warning, parking assistance, and collision avoidance systems. The automated driving and ADAS systems largely benefit from the digital still camera manufacturers and the expertise developed from the mobile camera modules.
At present, consumer electronics and automotive applications prominently drive the compact camera module market. The consumer requirement for slimmer smartphones transforms the technological advancements in the global market.
Increase in demand for high-end consumer electronics propels the growth of the market. Further, continued product innovation and increase in disposable income impacts the growth of the market.
The key market players profiled in the report include Semco, LG Innotek, O-Film, Foxconn Sharp, Henkel, Sunny Optical, Menex, Liteon, Cowell, and Q-tech. These players have adopted various strategies, such as new product launch, business expansion, and strategic alliances to sustain their market position in the global compact camera module market.
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