DUBLIN--(BUSINESS WIRE)--The "Compact Camera Module Market by Component and Application - Global Opportunity Analysis and Industry Forecast, 2018-2024" report has been added to ResearchAndMarkets.com's offering.
According to a new report by Allied Market Research, titled, Global Compact Camera Module Market by Component and Application: Global Opportunities Analysis and Industry Forecast, 2018-2024, the global compact camera module market was valued at $26.66 billion in 2017, and is projected to reach at $57.81 billion by 2024, registering a CAGR of 11.4% from 2018 to 2024.
Compact camera modules have gained momentum in the recent years owing to the growth in consumer electronics industry. The smartphone manufacturers continue to innovate in advanced camera module technologies thus propelling the growth of the compact camera module market.
Increase in the smartphones shipped, particularly in Asia-Pacific significantly drives the market growth. Further, rise in need for slimmer smartphones with advanced cameras influence several technological advancements in the compact camera module market.
The growth in ADAS and automated driving makes way for lucrative opportunity for the market growth. ADAS utilizes image sensors to provide safety features such as lane-departure warning, parking assistance, and collision avoidance systems. The automated driving and ADAS systems largely benefit from the digital still camera manufacturers and the expertise developed from the mobile camera modules.
- LG Innotek
- Foxconn Sharp
- Sunny Optical
Key Topics Covered:
2: Executive Summary
3: Market Overview
4: Compact Camera Module Market, By Component
5: Global Compact Camera Module Market, By Application
6: Global Compact Camera Module Market, By Region
7: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/r43dcr/global_compact?w=4