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Growth at a CAGR of over 12% in the Compact Camera Module Market during the forecast period (2018 – 2023)| Major Vendors - SAMSUNG ELECTRONICS CO., LTD, LG ELECTRONICS INC., SONY CORPORATION, SEMCO, INC., PRIMAX ELECTRONICS LTD., SHARP CORPORATION, amon

03-28-2019 12:59 PM CET | IT, New Media & Software

Press release from: Market Prognosis

Market Analysis:

Asia Pacific to Hold the Largest Market Share
Demand for connected cars in Japan buoyed by the Japanese government plans to improve the connected cars division before Olympics 2020, is expected to boost the demand for CMM in the near future. Furthermore, the introduction of the smart cities is acting as a major driving force for the video surveillance market in China. New trends have driven the adoption of video surveillance cameras across India, is aiding the growth of the compact camera module market.

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With significant advancements in technology and an evolving supply chain, the market is slowly witnessing a shift from a very fragmented market to a more consolidated one. The present CCM market is mainly dominated by Asian players, mainly Japanese and Korean firms. Mobile segment holds the largest market share of the compact camera module market, owing to the growing consumer specifications and the stiff competitive nature of the market. Cameras have become a critical and important feature for mobile device manufacturers as the purchasing decision of the consumer is greatly dependent on the type of camera and the pixel size of the camera. The CCM market is aided by the adoption of high resolution cameras in mobiles and has been doubled by the adoption of front-facing cameras as well. The market is driven by the increasing resolution requirement for both rear and front-facing mobile cameras. The trend of selfies has had a great impact on the increasing the need for performance of front-facing camera of mobiles and cost of camera devices.

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Market Segments:
Compact Camera Module Market is segmented by:
1. Type of Focus: Fixed, Auto
2. End User: Mobile, Consumer Electronics, Automotive, Healthcare, Industrial, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments:
• October 2017 - Toradex launched OV5640 5MP MIPI-CSI camera module. This module is an add-on board for the Apalis family of system on modules (SoMs) compatible with the Ixora carrier board. The CSI camera module uses an OmniVision OV5640 camera sensor with built-in autofocus offering low-voltage, high-performance and a 5-megapixel CMOS image sensor.
• September 2017 - Canon announced the launch of Canon MM100-WS, a compact multi-purpose module camera. The module offers high customization and is designed for high level of dust and moisture resistance.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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You can edit or delete your press release Growth at a CAGR of over 12% in the Compact Camera Module Market during the forecast period (2018 – 2023)| Major Vendors - SAMSUNG ELECTRONICS CO., LTD, LG ELECTRONICS INC., SONY CORPORATION, SEMCO, INC., PRIMAX ELECTRONICS LTD., SHARP CORPORATION, amon here

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