The
global camera module market was worth USD 12.00 billion in 2012 and
is expected to reach USD 43.06 billion in 2019, growing at a CAGR of
19.7% from 2013 to 2019. Asia Pacific was the largest market for
camera modules in 2012 due to countries such as China, India, Taiwan,
Korea, Japan and Singapore supporting their growth. North America was
the second largest market.
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The
market is primarily driven by increasing application of camera
modules in smartphones and tablet PCs, automotive sector and rapidly
improving technology in the camera module market. Improvement in
smartphone pixels from 5 MP to 8 MP and further above 13 MP is
expected to increase the market demand of camera modules globally. As
compared to Charge-Coupled Device (CCD) camera module, Complementary
Metal-Oxide-Semiconductor (CMOS) camera module is expected to witness
higher growth in the coming years. Simplicity of the CMOS camera
module circuit and low production cost as compared to CCD camera
module is supporting the growth majorly.
Among
the several components of camera modules such as image sensor,
voice-coil motor (VCM), and filter among others, image sensors play a
crucial role. Image sensors used in CMOS camera modules are less
expensive and less complex in nature as compared to CCD camera
modules. For example, later requires a combination of multiple chips
for functions such as automatic gain control, precision zoom, signal
processing, and storage functions among others. However, in CMOS
module these functions can be input in a single chip. In addition,
manufacturing CCD image sensors requires a more specialized
manufacturing process which is expensive as compared to CMOS image
sensors. With a more integrated solution, the CMOS approach dominates
the market at present. On the contrary, CCD is used in niche
applications, where optical performance or imager resolution is
paramount.
Among
different applications, smartphone and tablet PC sector is the
largest and is expected to grow at the rate of 21.9% from 2013 to
2019, followed by consumer electronics (excluding smartphone and
tablet PC) in 2012. The global shipments of camera modules in
smartphones were about 80% of the global market in 2012. The shipment
is expected to increase further in the coming years with increase in
the number of smartphone shipments. Hence, the rising demand of
mobile phones with camera at both ends (front and rear) will further
enhance the market growth of camera modules.
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Geographically,
Asia Pacific held the largest share in the camera modules market and
accounted for 60% of the market in 2012 by revenue. China, India,
Taiwan, Korea, Japan and Singapore are the major countries supporting
the growth of camera modules in Asia Pacific. The leading
manufacturers are from these countries supporting its popularity and
growth. However, Europe is the second largest market for camera
modules and is expected to see growth rate of 19.3 % from 2013 to
2019.
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LG
Innotek (Korea), SEMCO (Korea), Foxconn (Taiwan), Sharp (Japan),
Liteon (Taiwan), Chicony (Taiwan), Toshiba (Japan), Sunny Optical
(China), and Primax (Taiwan), among others are the popular players in
this market, where LG Innotek enjoys the maximum revenue share at
present.
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The
camera module market has been segmented as follows for better
understanding and to formulate winning strategies for the market
players:
Camera
module market analysis, by sensor type, market size and forecast,
2013 - 2019
CMOS
Camera Module
CCD
Camera Module
Camera
module market analysis, by application, market size and forecast,
2013 - 2019
Smartphone
and tablet PC
Consumer
electronics
Automotive
Medical
Industrial
& Security
Defense
& Space
Camera
module market analysis, by geography, market size and forecast, 2013
- 2019
North
America
Europe
Asia-Pacific
Rest
of the World
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