CMOS Camera Module Market – Onset of Advanced Technologies to upsurge the Growth With CAGR Of 16.4% By 2026

According to report the global CMOS camera module market was valued at US$ 14,693.7 Mn in 2016 and is projected to reach US$ 66,449.0 Mn in 2026 at a CAGR of 16.4% from 2017 to 2026.

Global CMOS Camera Module Market: Introduction

CMOS chips have integrated amplifiers and A/D converters, which help to lower the cost of a camera. Advanced CMOS cameras provide high quality images in low light settings. Every CMOS pixel contains conversion microchip technology that converts an analog signal to a digital signal. CMOS sensors offer more functions in devices such as smartphones, cameras, tablets, and vehicles, and have better integration capabilities as compared to charge-coupled device (CCD) sensors. CMOS sensors offer various advantages such as low power consumption, faster frame rate, ease of manufacturing, and low cost.

Global CMOS Camera Module Market: Market Dynamics

According to the report, a major factor driving growth of the market is rise in adoption of CMOS camera sensors in camera of smartphones. In addition, factors such as increasing adoption of picture sharing on social networking applications such as snapchat, Facebook, WhatsApp, Instagram, etc., which require high resolution and high-quality cameras to capture pictures is further driving growth of the global CMOS camera module market. Moreover, adoption is increasing significantly in various end-use industries such as automotive owing to cost effectiveness of CMOS camera modules.

Growing adoption of CMOS image sensors in medical applications and devices for endoscopy, X-ray imaging, and intra-oral products and increasing innovations in CMOS camera sensors coupled with increasing demand for CMOS in various civilian and defense applications is further expected to create high potential opportunities for existing as well as new players in the target market.

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Global CMOS Camera Module Market: Segmental Snapshot

The market report has been segmented on the basis of application, product type, and region. The application segment includes consumer electronics, automotive, and others. Product type segment includes 5MP and lower, 8MP, and 13MP and higher. The regions covered in the analysis are The Americas, Europe, Asia Pacific, and Rest of the World (ROW).

By application:

On the basis of product type, 13MP and higher segment is expected to contribute major revenue share in the global CMOS camera module market and is expected to witness highest CAGR of over 15%, in terms of revenue over the forecast period, owing to its implementation of dual camera technology in smartphones to capture image with high quality and better color combination.

By product type:

Among all the application segments, consumer electronic is expected to register highest CAGR of over 16%, owing to increasing demand for devices from developing countries have continues increase demand for CMOS camera modules coupled with rising acceptance of smart phones and tablets is propelling the segment growth.

By region:

Rising labor cost in countries such as China, Vietnam, India etc., and failure to forecast market demand are major factors hampering growth of the global CMOS camera module market. In addition, manufacturers have to follow international standards while designing and manufacturing modules, resulting in complex supply chain management systems, which is further posing a challenge for growth of the global CMOS camera module market. Moreover, the heavy maintenance and high cost of camera modules may restrain the growth of the camera modules market over the forecaster period.

The demand for CMOS camera module is expected to increase North America and Europe, due to increasing demand for smartphone, tablets, gaming consoles, PC, and digital cameras which use CMOS camera module as well as presence of major automotive manufacturers in this region such as Volkswagen, BMW, Lamborghini etc. in the countries across these regions.

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Global CMOS Camera Module Market: Competitive Analysis

The research report on the global CMOS camera module market includes profiles of some of the major companies such as Cowell E Holdings Inc., LG Innotek Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Sharp Corporation, Sunny Optical Technology (Group) Company Limited, BYD Company Limited, Chicony Electronics CO., Ltd., Global Optics, Inc., Lite-On Technology Corporation, MCNEX CO. LTD., Misumi Electronics Corp., Q Technology (Group) Company Limited, PARTRON Co., Ltd., Primax Electronics Ltd., STMicroelectronics, and Truly Opto-electronics.