In the foreseeable future, development of compact camera modules will be deeply influenced by growing integration of cameras and image capturing technologies in the core functioning of electronic hand-held devices such as smartphones and tablets. Leading manufacturers of compact camera modules are focusing on extending the resolution envelope by capitalizing on the increasing demand for advanced camera module technologies in the consumer electronics industry.
In the approaching years, the compact camera module ecosystem will witness a growing demand for back-end camera modules. Several electronic devices will witness integration of backside camera modules with their electrical mainframe. With respect to such growing demand, majority of market players will be focusing on extending the production of compact camera modules with auto-focus lens.
By the end of 2026, more than 70% of compact camera modules sold in the global market will be equipped with auto-focus lens. The report further reveals that the demand for compact camera modules with fixed-focus lens will dwindle towards the end of the forecast period.
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While high-growth sectors such as automotive and consumer electronics are observed as the key end-user industries of compact camera modules, their adoption continues to vary on the basis of type of assembly, camera module technologies and lens bonding materials. In 2017, more than US$ 25 Bn worth of compact camera modules will be sold in the production of mobile devices.
The report further projects that the mobile end-use of compact camera modules will register an impressive revenue growth at 13.1% CAGR over the forecast period. Meanwhile, automotive end-use of compact camera modules will gain steady traction and bring in revenues worth over US$ 5.5 Bn by the end of 2026.