Want to Dive Into Cameras? Here’s a Sneak Peek

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The Global Compact Camera module market is projected to grow at a CAGR of 12.35 % during the forecast period to reach US$64.021 billion by 2027, from US$28.326 billion in 2020. Compact Camera Module is commonly used in video conferencing , security systems, and real-time monitoring as a video input device. With the advancement of Internet technology, the continual improvement of network speed, combined with the maturity of photographic imaging device technology and its widespread usage in the manufacture of cameras, the price of cameras has fallen to a level that ordinary people can afford. Camera is now widely utilized in mobile phones, PDAs, and Tablet PCs, encouraging further advances in photographic imaging technology such as 5 megapixels, 8 megapixels, 13 Megapixels, and 24 Megapixels. Compact camera modules are commonly found in electronic gadgets like cell phones and tablets. The compact camera module is designed for ease of use, with focus-free or autofocus lenses for focusin

IoT Chips Market - Forecasts from 2017 to 2022

According to a new market research report 'IoT Chips Market - Forecasts from 2017 to 2022', published by Knowledge Sourcing Intelligence, is projected to witness a CAGR of 15.95% during the forecast period. The global IoT Chips market has been segmented by application (smart home, wearable, smart city, smart grid, industrial internet, connected car, connected health, and others), by industry (consumer electronics, automotive, agriculture, Infrastructure, retail, healthcare, and others), and by geography (North America, South America, Europe, Middle East and Africa, and Asia-Pacific). The regional segment also covers country-level segmentation of global IoT Chips market. 

Exponentially growing IoT application across the industry verticals is the major factor driving the IoT chip market. Connected devices are being increasingly adopted by various industries. The emergence of connected health, connected car, and connected cities among others are contributing to the IoT chip market growth. Moreover, the reducing cost of chips is another factor driving the demand for these chips over the forecast period. Other drivers include technological advancement in sensors and the availability of more IP address space owing to the adoption of IPV6. Enterprises like Dell and Google among others are increasingly investing in IoT. Thus, developing IoT industry will augment the demand for IoT chips. However, the security issue with IoT might hamper the market growth. 

Consumer electronics and automotive segment accounts for a high market in 2016 dominates the global IoT Chips market throughout the projected period
By industry, consumer electronics accounted for a high market share in 2016 owing to the growth in a number of connected devices. Likewise, the automotive segment also accounted for a significant share and is also expected to grow at a high rate over the projected period. This growth is largely driven by favorable government regulations and policies, especially in Europe and North America region. 

North America accounts for high market share and will grow at a considerate CAGR
Geographically, North America accounted for the biggest market share in 2016 owing to the presence of major players. Early adoption of technology, especially in the United States, and the growing number of connected devices contributes to the regional growth. Many U.S. companies are investing in IoT industry which further propels the North America IoT chip market. 

Competitive Insights
Prominent key market players in Global IoT Chips market include Intel Corporation (USA), Qualcomm Technologies, Inc. (USA), Arm Limited (UK), Microchip Technology Inc. (USA), NXP Semiconductors (Netherlands), Huawei Technologies Co., Ltd. (China), Samsung (South Korea), and NVIDIA Corporation (USA).

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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us help companies to gain required a competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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