Camera Module Market to Grow at a CAGR of 19.7% between 2013 and 2019: Transparency Market Research

Albany, New York, Dec. 23, 2014 (GLOBE NEWSWIRE) -- Transparency Market Research, a U.S. based market intelligence firm, states in its new research report on the global market of camera modules that the market will grow from a net worth of nearly US$12.00 billion in 2012 to US$43.06 billion by the end of 2019, growing at a healthy CAGR of nearly 19.7% between 2013 and 2019. Rising demands for CMOS camera modules and robust expansion of the market in Asia-Pacific countries such as India, China, Korea, Taiwan, and Singapore are supporting growth of the market. The report is titled "Global Camera Module Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019". The report states that the global camera module market is primarily driven by the increasing use of these devices and the growing demand for their technologically advanced versions in smartphones and tablet computers and the automotive sector.

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The report focuses on three major sectors of the global camera module market: type of sensor used in camera modules, chief applications of camera modules in the market, and geographic segmentation of major regional markets of camera modules.

Based on the type of sensor used in them, camera modules are segmented into two chief classes: complementary metal oxide semiconductor (CMOS) camera modules and charge coupled devices (CCD) camera modules. Chief applications of camera modules are found in fields such as defense and space, automotives, consumer electronics, medical science, industrial and security purposes, and most importantly in tablet computers and smartphones.

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The segment CMOS camera devices had a clear dominance in market in 2012 when it held more than half the market shares. Application-area wise, the segment smartphones was responsible for more than 80% demand for camera modules in 2012. In the coming years, the rising popularity of smartphones with camera at both ends (rear and front) will allow this market segment to maintain its dominance upon the market. The market segment smartphones is expected to grow at a CAGR of 21.9% between 2013 and 2019, followed by the segment consumer devices (except tablet computers and smartphones).

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Countries in the Asia-Pacific region, being host to some of the chief camera modules manufacturers of the globe, are the dominant regional markets of the global camera module market. In 2012, these regions were responsible for nearly 60% revenue shares of the total market. Europe is the second largest market of the global camera module market, and is expected to grow at a CAGR of nearly 19.3% between 2013 and 2019.

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The global camera module market is highly fragmented with market players competing hard to acquire significant market shares. Major businesses operating in the global camera modules' marketplace include SEMCO, Liteon Chicony, Toshiba, STMicro, LG-Innotek, Primax, Sharp, Foxconn, Sunny, Samsung Fiberoptic, BYD, Vista Point, Cowell, Truly, and KMOT.

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Source:Transparency Market Research