A MarketResearch.biz research report, titled “Global CMOS Camera Module Market By Application, Product Type And Region - Global Forecast To 2026.", states the global complementary metal oxide semiconductor (CMOS) camera module market was valued at $14,693.7 Million in 2016 and is projected to reach $66,449 Million in 2026 at a CAGR of 16.4% from 2017 to 2026. A CMOS camera module includes a camera lens and CMOS image sensor.
Market Dynamics
According to the report, a major factor driving growth of the market is rise in adoption of CMOS camera sensors in camera of smartphones. In addition, factors such as increasing adoption of picture sharing on social networking applications such as snapchat, Facebook, WhatsApp, Instagram, etc., which require high resolution and high-quality cameras to capture pictures is further driving growth of the global CMOS camera module market. Moreover, adoption is increasing significantly in various end-use industries such as automotive owing to cost effectiveness of CMOS camera modules.
Growing adoption of CMOS image sensors in medical applications and devices for endoscopy, X-ray imaging, and intra-oral products and increasing innovations in CMOS camera sensors coupled with increasing demand for CMOS in various civilian and defense applications is further expected to create high potential opportunities for existing as well as new players in the target market.
A major and growing trend in the market is rising installation of cameras in commercial, residential, and industrial applications such as for monitoring traffic movement, ensuring security and safety at banks, malls, shopping centers, hospitals, institutions, military facilities and locations, ports, airports and railway stations etc. In addition, the rising trend and shift towards automation in various industries driven by technological advancements, reducing cost of CMOS sensors with improved picture quality is further expected to drive market growth over the next 10 years.
Market Forecast
The comprehensive research report comprises a complete forecast of the global CMOS camera module market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global CMOS camera module market is expected to expand at a moderate CAGR of 16.4% during the forecast period.
Global CMOS Camera Module Market: Segmental Snapshot
The market report has been segmented on the basis of application, product type, and region:
- By application: Consumer electronics segment is estimated to register a CAGR of over 16.7%, thereby accounting for highest revenue share in the application segment.
- By product type: 8MP segment is estimated to account for highest revenue share among the product type segments, registering a CAGR of over 16.5% over the forecast period.
- By region: The market in Asia Pacific accounted for highest revenue share in the global CMOS camera module market in 2016, and is expected to record highest CAGR of over 18.0% between 2017 and 2026.
If your shutterbug curiosity is heightened, you can browse the Report's Table Of Contents.