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Camera Module Market Is Expected To Reach USD 43.06 Billion Globally In 2019: Transparency Market Research

ALBANY, New York, October 28, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research, " Global  Camera Module  Market  -  Industry Analysis, Size, Share,  Growth , Trends, and Forecast,  2013 -  2019 ," the global camera module market was worth USD 12.00 billion in 2012 and is expected to reach USD 43.06 billion in 2019, growing at a CAGR of 19.7% from 2013 to 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.

Browse the full report with complete TOC at  http://www.transparencymarketresearch.com/camera-module-market.html

The market is primarily driven by increasing application of camera modules in smartphones and tablet PCs, automotive sector and rapidly improving technology in the camera module market. Improvement in smartphone pixels from 5 MP to 8 MP and further above 13 MP 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.

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