The exponential growth in the consumer electronics market driving the growth of mobile camera module market. The increasing demand for smartphones in various countries around the world is fuelling the growth of mobile camera market. Today, the demand for mobile camera is increasing not only for traditional digital camera applications, but also for applications in medical, security, and automotive. The continuous innovations in quality of cameras and the need for high-pixel density images are some of the major factors which are generating the rapid demand for growth of mobile camera module market. Moreover, the increase in the volume of electronic data in the form of images is also creating the rapid demand for mobile camera module.
Mobile camera module provides functions for taking photos using electronic devices such as smartphones and tablets. The rising demand for high resolution and multiple functions is one of the major factors which is generating the rapid demand for mobile camera module market. Moreover, the rising trend of installing security cameras in commercial and residential places is further creating potential opportunities for the growth of mobile camera module market.
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Global Mobile Camera Module Market: Drivers and Challenges – Drivers : Technological proliferation and the increasing demand for smartphones and tablet PC devices are the primary factors which are contributing in the growth of mobile camera module market. Also, the demand for high-definition cameras in military applications and for satellite imaging is also driving the growth of the mobile camera module market. Moreover, the use of 3D image sensors in indoor navigation and advancement in image storing are also creating potential growth opportunities for the mobile camera module market. Apart from this, the growing popularity of social networking applications is encouraging smartphone and tablets vendors to integrate high-quality cameras into their devices, which, in turn, is driving the growth of mobile camera module market. Challenges – The rapidly changing demands of customers is one of the major challenges for the mobile camera module manufacturers. Moreover, the high cost and heavy maintenance of camera module is also one of the major factors which may hampers the growth of the market in the near future. Furthermore, the low smartphone penetration in various countries of Latin America and MEA is also one of the major challenge for the growth of the market.
Global Mobile Camera Module Market: Segmentation – Segmentation of Mobile Camera Module market on the basis of device type: Smartphones, Laptops, Tablets, Others; Segmentation of Mobile Camera Module market on the basis of Technology: CMOS, CCD; Segmentation of Mobile Camera Module market on the basis of application: Consumer electronics, Security & surveillance, Automotive, Aerospace & Defence, Others.
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Global Mobile Camera Module Market: Competition Landscape – Key Players : The prominent players in Mobile Camera Module market are: Cowell, SEMCO, Foxconn Technology, Chicony Electronics, LG Innotek, Lite-On Technology, Partron, Samsung Electro-Mechanics, Sharp, STMicroelectronics N.V., Sunny Optical Technology Group, and Toshiba.