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Demand for Camera Modules Propels Growth in the Electronics Industry
Jan 12, 2024
In a recently published report by MarketsandMarket, it is believed that the global camera module market will advance at a 11.2% CAGR from 2020 to 2025. This can be attributed to the rising demand for imaging devices in smartphones and tablets, among other numerous devices. Also, the report mentions the growing prevalence of dual-camera arrangements in smartphones as an important cause behind the development of the smartphone market as well.
Newsworthy points:
• Global camera module market projected to grow at a CAGR of 11.2% from 2020 to 2025
• Growth fueled by high demand of imaging solutions in smartphones, tablets, and other devices
• Two-camera arrangement in smartphones – important driver behind expansion of the market
