What are the drivers and opportunities for the camera modules market?

Factors such as increasing demand, from end users, for consumer electronics and rising public safety and security concerns leading to adoption of surveillance cameras are among the driving factors of the camera modules market. Moreover rising innovations and advancements in image sensors to create lucrative opportunities in the camera modules market.

Who are the major applications of the camera modules that are expected to drive the growth of the market in the next 5 years?

The major applications of the camera modules are consumer electronics, automotive, healthcare, industrial, security and surveillance, and aerospace and defense are expected to have a significant share in this market. .

What are the opportunities for new market entrants?

There are significant opportunities in the camera modules market for start-up companies. With the rising need to measure marketing effectiveness, the demand for camera modules is also rising.

Which is the potential market for the camera modules in terms of the region?

The APAC region is expected to dominate the camera modules market due to the increasing population and rising penetration of smartphones in countries in APAC and region’s several countries’ governments are taking initiatives about safety norms in automotive vehicles.

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Which are the major companies in the camera modules market? What are their major strategies to strengthen their market presence?

The major companies in the camera modules market are – LG Innotek (South Korea), OFILM Group Co., Ltd. (China), Sunny Optical Technology (Group) Co., Ltd. (China), Hon Hai Precision Inc. Co., Ltd. (Foxconn) (Taiwan), and Samsung Electro-Mechanics (South Korea). The major strategies adopted by these players are product launches, expansions, partnerships, collaborations, and acquisitions.

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