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...