Global Compact Camera Module Market: Market research by Knowledge Sourcing Intelligence

The global compact camera module market is projected to grow at a CAGR of 9.72% during the forecast period to reach US$52.632 billion in 2023 from US$30.167 billion in 2017. A compact camera module (CCM) forms an essential part of mobile phones and tablet PCs which makes use of an image sensor in order to convert the light coming to the lens into an electrical signal. This further output the electrical signal to the display, through software that is ready for the viewing and storage of the photographs.

Global Compact Camera Module Market by Geography:
By geography, the compact camera module market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Asia Pacific region is expected to hold a dominant share and is expected to grow at a significant CAGR over the forecast period on account of increasing manufacturing sector in the region.For instance, Samsung recently announced an investment of INR 4915 crores to add a new capacity at the Noida plant in India which would be the world’s largest mobile factory. With the new facility, the company will double its current capacity for mobile phone production. The market research provides a detailed analysis of global compact camera module market on the basis of various segment like- By Geography, By Application etc.
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Sample view of Global Compact Camera Module market Share by Geography

Global Compact Camera Module Market by Application:
By application, the compact camera module market is segmented as consumer electronics, security and surveillance, communication devices, medical devices and others. Consumer Electronics held a significant share in the market as this module is widely used in smart phones, smart home appliances, and other consumer products. Miniaturization of mobile devices is driving the compact camera module market growth. Growing incorporation of emerging technologies such as 3D sensing and motion sensing technology in smart phones and other products is expected to boost the demand for compact camera module in the upcoming years.

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In addition, rapid industrialization and rising investments by smart phones manufactures in the developing countries like China, India, and Indonesia are further expected to boost up the demand for compact camera modules in the coming years.

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