NEW YORK, November 29, 2017 /PRNewswire/ —
MarketResearch.biz announces publication of its most recently generated research report titled, “Global CMOS Camera Module Market By Application (Consumer electronics, Automotive, and Others), Product Type And Region – Global Forecast To 2026.“, which offers a holistic view of the global CMOS camera module market through systematic segmentation that covers every aspect of the target market. According to report The global CMOS camera module market was valued at US$ 14,693.7 Mn in 2016 and is projected to reach US$ 66,449.0 Mn in 2026 at a CAGR of 16.4% from 2017 to 2026.
A complementary metal oxide semiconductor (CMOS) camera module includes a camera lens and CMOS image sensor. CMOS is a technology used for making low power integrated circuits. CMOS chips have integrated amplifiers and A/D converters, which help to lower the cost of a camera.
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Global CMOS Camera Module Market: Market Dynamics
According to the report, a major factor driving growth of the market is rise in adoption of CMOS camera sensors in camera of smartphones. In addition, factors such as increasing adoption of picture sharing on social networking applications such as snapchat, Facebook, WhatsApp, Instagram, etc., which require high resolution and high-quality cameras to capture pictures is further driving growth of the global CMOS camera module market. Moreover, adoption is increasing significantly in various end-use industries such as automotive owing to cost effectiveness of CMOS camera modules.
Growing adoption of CMOS image sensors in medical applications and devices for endoscopy, X-ray imaging, and intra-oral products and increasing innovations in CMOS camera sensors coupled with increasing demand for CMOS in various civilian and defense applications is further expected to create high potential opportunities for existing as well as new players in the target market.
A major and growing trend in the market is rising installation of cameras in commercial, residential, and industrial applications such as for monitoring traffic movement, ensuring security and safety at banks, malls, shopping centers, hospitals, institutions, military facilities and locations, ports, airports and railway stations etc. In addition, the rising trend and shift towards automation in various industries driven by technological advancements, reducing cost of CMOS sensors with improved picture quality is further expected to drive market growth over the next 10 years.
According to CMOS camera module market infographics published