Modular camera system is just a simple
camera that consists of several smaller components that can be used
for configuring the camera according to the user’s preference. The
modular camera system enables the user to interchange the parts and
accessories. The advantage of modular camera system is any damaged
part can be replaced with a new one, not only this increases the life
of the camera, it also provides the user to upgrade the camera
according to the changing technologies. The global modular camera
system market is driven by the demand from its end users like,
automotive, consumer electronics, industrial robotics, security &
surveillance, defence and aerospace. The growth in number of tech
savvy population and photography enthusiasts are also contributing to
the demand for modular camera systems globally. Various trending
technologies in the modular camera system like, 3D sensing, ultra HD
technologies are fuelling the demand for modular camera market. The
global modular camera system market is foreseen to register a
promising double digit CAGR over the forecasted period.
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The key drivers that are expected to
increase the market potential of the global modular camera system
market are the demand from the end user mostly from consumer
electronics. Growth in automotive industry is one of the major driver
for the growth of global modular camera system market, as the
Advanced Driver Assistance Systems (ADAS) in automotive is trending
in the market which is a positive point in the growth of global
modular camera market. Modular cameras used in the security and
surveillance are also adding to the growth of modular camera system
globally, as it is used in household, commercial buildings and
government organisations. Modular camera find its application in the
healthcare industry for proper guidance of blind peoples and the one
who is in support of wheelchair. On the other hand, the volatile
price of the camera modules and the cost of maintenance pose as a
restraint to the growth of global modular camera system market. The
trends in the global modular camera market are the new technological
innovations like, 3D depth sensing, 4K pixel and ultra HD
technologies to name a few.
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In APEJ, China holds the largest share in
the market for modular camera systems, this is due to the growing
demand of the consumer electronics namely, mobile phones and tablets.
The tremendous demand for smart phones and tablets in India is also
adding to the growth of modular camera systems in the APEJ region.
The North American market will also lead the modular camera system
market followed by the Europe modular camera system market over the
forecasted period. The growth in construction sector in the Middle
East will also propel the growth for security and surveillance
cameras in the region contributing to the modular camera systems
market growth in the region. Overall, the global modular camera
system market will showcase a promising CAGR over the forecasted
period.
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Some of the key players identified in the
global modular camera market include Toshiba Corporation, Samsung
Electro-Mechanics, BYD Company Limited, LG Electronics Inc., Sharp
corporation, Robert Bosch GmBH, Topsee Electronic Tech Co.,Ltd.,
tryker Corporation, Coherent, Inc., Bartec, Sick AG, Sony
Corporation, Panasonic Corporation, Chicony Electronics Co.Ltd. and
Foxconn Electronics Inc.
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