Global Compact Camera Module Market is valued USD 33.29 Billion in 2019 and is projected is to exhibit 11.74 % CAGR during the forecast period. The market is projected to be around USD 72.41 Billion by 2026. The market is driven by the growing smartphone penetration and growth in the consumer electronics industry.

The compact camera module is an image sensor coupled with the lens, control electronics, and an interface such as CSI, Ethernet. The compact camera module has various applications in consumer electronics, automotive, and security & surveillance, among other sectors.
Compact Camera Module Market Dynamics
Factors that affect the growth of the compact camera module market are such as growing smartphone penetration and growth in the consumer electronics industry. Furthermore, the usage of waterproof camera modules allows users to take images inside the sea. Several manufacturers are engaged in developing rugged cameras that can be used for these applications, thereby driving the market growth.

Moreover, the effective application of CCMs in automotive centric technologies has further increased the purview of the applications, thus unlocking several opportunities for the market key players. At the same time, heavy and high maintenance costs of the camera hinder the market growth. The rise in the development of the market for advanced driver assistance systems (ADAS) ensures lucrative opportunities for the market globally.
Compact Camera Module Market Insight
Based on the region, Asia-Pacific is expected to dominate the injectable drug delivery market, due to the presence of a huge number of manufacturers. Moreover, China created a large percentage of regional revenue. Additionally, growth in smartphones shipped, particularly in the Asia-Pacific region significantly drives the market growth. The growth in need for slimmer smartphones with superior cameras has influenced several technological improvements in the compact camera module market.
Compact Camera Module Market Segmentation
The global Compact Camera Module Market is segmented into component, application, and region. On the basis of the component the market is divided into lens, image sensor, voice coil motor, assembly component. Based on application the market is segmented into consumer electronics, automotive, security & surveillance, other. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Compact Camera Module Market Competitive Landscape
The key players in Compact Camera Module Market are listed as Chicony Electronics Co., Ltd., LG Innotek, LITE-ON Technology, Corporation, SEMCO, Sharp, Cowell, Primax, MCNEX, OFILM Tech Co., Ltd., Sunny Optical Technology (Group) Company Limited, Samsung Electro-Mechanics, and Other.