Compact Camera Module Market Growth Potential & Forecast, 2019 – 2025

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Compact Camera Module Market Size Growth During
Forecast Period.
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Key Insights from Compact Camera Module Market

• Compact Camera Module Market size is predicted to
  witness high growth over the forecast period with
  its increasing integration in consumer electronic
  solutions such as smartphones, tablets, and
  cameras. Several features responsible for the
  increased adoption of modules in consumer
  electronic products include low-illumination
  photo-taking, low-power module, hand-shaking
  correction functions, and super speedy
  autofocusing.
• The device also provides several functionalities
  including downsampling features and light sensing
  capabilities that allow the user to take photos
  with the help of electronic products, thereby
  accelerating the compact camera module market
  growth. Various factors, such as rise in
  smartphone penetration and increasing
  modifications in camera quality, will also drive
  the market.

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Continued

• The increasing adoption of solutions in
  automotive vehicles for safe secured driving is
  predicted to augment the compact camera module
  market. The integration of devices in automated
  driving and Advanced Driver Assistance Systems
  (ADAS) for lane discipline, parking assistance,
  traffic signal recognition, and self-driving
  features allows manufacturers to enhance safety
  driving features of the vehicle. The rear-view
  camera in automotive vehicles provides a back
  view that assists the driver to park in a narrow
  space.
• Several companies are engaged in integrating
  these modules into their advanced automated
  systems, thereby propelling the compact camera
  module market growth. For instance, in July 2019,
  Pioneer Systems introduced AI-based ADAS
  solutions with a connected dual camera drive
  recorder. Rise in the adoption of the modern
  camera technology in automotive systems will
  augment the market growth.

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Market research reports Key analytical
components

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Major Companies in Compact Camera Module Market

• Chicony Electronics Co.Ltd.
• LG Innotek
• LITE-ON Technology Corporation
• OFILM Tech Co.Ltd.
• Sunny Optical Technology (Group) Company Limited
• and Samsung Electro-Mechanics

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Regional Insights Compact Camera Module Market

The Asia Pacific compact camera module market
will grow at a substantial rate over the coming
years owing to the strong presence of a large
number of consumer electronics manufacturers in
the region. This results in the reduction in
prices of electronic components, allowing camera
manufacturers to easily procure raw materials on
low-cost structure. The high availability of
raw material suppliers or component providers
offers strong bargaining power to the compact
camera market players. Moreover, camera
manufacturers are partnering with suppliers for
continuous delivery of electronic components. For
instance, in August 2018, Xiaomi announced its
partnership with Holitech Technology to start
manufacturing of compact camera modules in India.
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