Transparency Market Research Forecasts $43.06 Billion Camera Module Market in 2019

Transparency Market Research predicts that the global camera module market will grow from a net worth of nearly $12.00 billion in 2012 to $43.06 billion by the end of 2019, growing at a CAGR of nearly 19.7% between 2013 and 2019. Rising demands for CMOS camera modules and robust expansion of the market in Asia-Pacific countries such as India, China, Korea, Taiwan, and Singapore are supporting growth of the market.

The global camera module market is highly fragmented with market players competing hard to acquire significant market shares. Major businesses operating in the global camera modules’ marketplace include SEMCO, Liteon Chicony, Toshiba, STMicro, LG-Innotek, Primax, Sharp, Foxconn, Sunny, Samsung Fiberoptic, BYD, Vista Point, Cowell, Truly, and KMOT.