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Global camera module market to post $43B in 2019

Posted: 03 Jan 2014 ?? ?Print Version ?Bookmark and Share

Keywords:camera module? smartphone? tablets? automotive?

Transparency Market Research has released a report titled "Global Camera Module Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013- 2019" that shows that the global camera module market was worth $12 billion in 2012 and is expected to reach $43.06 billion in 2019, growing at a CAGR of 19.7 percent from 2013-2019. 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.

The market is primarily driven by increasing application of camera modules in smartphones and tablets, automotive sector and rapidly improving technology in the camera module market. Improvement in smartphone pixels from 5MP to 8MP and further above 13MP 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 sector is the largest and is expected to grow at the rate of 21.9 percent from 2013-2019, followed by consumer electronics (excluding smartphone and tablet) in 2012. The global shipments of camera modules in smartphones were about 80 percent 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.

Geographically, Asia Pacific held the largest share in the camera modules market and accounted for 60 percent 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 percent from 2013-2019.

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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