CAMERA MODULE MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Increasing Use of Camera Modules in IoT Devices

Another key driver is the proliferation of internet-connected devices beyond smartphones. A wide variety of consumer and industrial Internet of Things (IoT) products now incorporate basic camera modules for functions like barcode scanning, facial recognition, people counting, remote monitoring, and others. Home security cameras, doorbell cameras, baby monitors, and smart appliances represent some of the leading growth categories. In industrial settings, machine vision technologies rely on cameras for automation, quality control, and predictive maintenance. The automotive industry is implementing driver monitoring systems, parking assist, and others. As more everyday objects gain visual intelligence, there will be much higher volume sales of relatively low-cost camera modules. This opens up a major new market segment beyond premium smartphones. Module suppliers are already ramping up production to serve IoT clients with optimized camera solutions delivering functionality, reliability and value. The expanding realm of "connected things" ensures that the demand for camera modules will spread far beyond mobile phones in the future.