This industry research report presents a detailed segmentation of the global mobile camera module market by application and includes sectors like smartphones, laptops, and tablets. The market study also analyzes the key drivers, trends, and geography, including APAC, EMEA, and the Americas. Leading vendors mentioned in this market study report are Cowell, LG Innotek, SEMCO, Sharp, and Sunny Optical Technology.
Technavio’s market research analysts estimate the global mobile camera module market, which is expected to grow at a CAGR of more than 15% between 2015 and 2019. Rapid growth of electronic devices is one of the primary drivers of mobile camera module market. The increasing implementation of camera modules in devices like smartphones and laptops is expected to drive the growth of this market during the forecast period. APAC accounts for 37% of the market share, owing to augmented shipment of smartphones and tablets.
The new market research report from Technavio provides a breakdown and analysis of the mobile camera module segments by technology.
“The growing popularity of social networking applications is gaining traction in this market. Recently, it has been observed that the usage of apps like Facebook, Instagram, WhatsApp, Snap chat, and Twitter has increased rapidly. Consequently, this has encouraged the smartphone and tablet vendors to integrate high-quality cameras into their devices, which in turn is expected to attract customers and result in market growth during the forecast period,” Sunil Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
Technavio market research analysts estimate the smartphone industry segment to be the highest revenue-generating segment during the forecast period. This sector is envisaged to account for more than 91% of the total market revenue by 2019 and critical factors like the advent of dual cameras in mobile devices is predicted to foster market growth during the forecast period.
The leading vendors in the global mobile camera module market include Cowell, LG Innotek, SEMCO, Sharp, and Sunny Optical Technology. This market is highly fragmented and is primarily dominated by a few key players. LG Innotek is the leading vendor in this market and is closely followed by vendors like SEMCO, Sharp, Cowell and Sunny.
A more detailed analysis is available in the Technavio report, Global Mobile Camera Module Market 2015-2019.
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