SAN FRANCISCO, September 22, 2015 /PRNewswire/ --
The global camera module market size is expected to reach USD 61.78 billion by 2022, growing at a CAGR of 16.2% from 2015 to 2022, according to a new report by Grand View Research, Inc. Technological proliferation and the increasing demand for smartphones and tablet PC devices are expected to drive growth over the forecast period. Such increase in the demand for high definition smartphones is expected to drive the market for advanced CMOS and CCD technology-based devices, boosting the prospects of camera module manufacturers.
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The demand for camera modules in smartphones and tablet PCs has increased exponentially over the last decade, thereby supporting industry growth. Almost all the mobile phones in the coming years are expected to have such modules installed in them.
Browse full research report with TOC on "Camera Module Market Analysis By Technology (CMOS, CCD), By Application (Medical, Smartphone & Tablet PC, Automotive, Defense & Space, Industrial & Security, Consumer Electronics) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/camera-module-industry
The market is broadly segmented on the basis of image sensor technology and the application segment. Vendors offer CMOS and CCD technology-based image sensors that are used to manufacture these modules to be used in various consumer electronic devices.
CMOS is majorly used at present as compared to CCD. CMOS sensors are produced in bulk for many low-end applications and their price depends on its application. On account of the need for a specialized manufacturing process, CCD image sensors are expensive as compared to their CMOS counterparts, and are used in niche applications such as professional and high-end consumer electronic products.
These devices find extensive applications in medical and healthcare segments, smartphone & tablet PC devices, automotive industry, defense & aerospace, industrial & security applications, and consumer electronics.
Further key findings from the report suggest:
Grand View Research has segmented the camera module market on the basis of technology, application, and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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