Transparency Market Research is known by its controversial market reviews, such as US Image Sensor Market report. The new report is called "Global Camera Module Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013- 2019." The global camera module market was worth $12.00B in 2012 and is expected to reach $43.06B in 2019, growing at a CAGR of 19.7% from 2013 to 2019. Asia Pacific was the largest market for camera modules in 2012 due to countries such as China, India, Taiwan, Korea, Japan and Singapore supporting their growth. North America was the second largest market. However, later in the PR Europe is called the second largest market for camera modules and is expected to see growth rate of 19.3 % from 2013 to 2019.
Among different applications, smartphone and tablet PC sector is the largest and is expected to grow at the rate of 21.9% from 2013 to 2019, followed by consumer electronics (excluding smartphone and tablet PC) in 2012. The global shipments of camera modules in smartphones were about 80% of the global market in 2012. LG Innotek enjoys the maximum revenue share at present.
Transparency Market Research believes that CCD-based camera modules take 8.7% of the total market value: