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

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

Industry Report On Global Smart Lighting Market by Knowledge Sourcing Intelligence

The global smart lighting market is expected to witness a high CAGR of 25.44% over the projected period. This high growth is mainly driven by the development and modernization of infrastructure. The growing trend of smart building and rising number of smart cities propels the smart lighting market growth. Moreover, the growing concern and awareness among people regarding the importance of energy conservation further drive the smart lighting market growth.

                global smart lighting market size

Moderation Of Infrastructure  

Rapid urbanization and increasing spending towards construction activities coupled with the growing trend of smart cities and smart home are resulting in the modernization of infrastructure. Governments across the world, especially in developing countries like China, India, and Brazil among others, have allocated significant budget towards smart city projects. Moreover, the growing adoption of IoT in homes further leads to infrastructural advancement. This continuous modernization and development of infrastructure is driving the smart lighting market growth, as high efficiency and automated control features offered by smart lighting solutions enables adjustment based on conditions like daylight availability and occupancy. Moreover, smart lighting is an important part of smart cities owing to its energy-efficient feature which further assists in reducing operational costs. Cities like Paris, Madrid, and others have already implemented these lights for traffic management. 
                         global smart lighting market share by region

Smart Lighting Market By Geography

Geographically, the global smart lighting market is segmented as Americas, Europe Middle East and Africa, and Asia Pacific. These regions are subdivided into key countries which hold significant opportunity for smart lighting solution vendors.APAC is expected to grow at the highest rate with the CAGR of X.XX% over the projected period. This growth is largely driven by a focus towards growing energy conservation owing to rapid industrialization and urbanization coupled with a large population base, especially in developing countries like India and China. Strict regulations adopted by various countries is also accelerating the demand for smart lighting solutions in the region. For instance, China over the past few years has implemented various energy efficiency policies and programs, including green building rating, voluntary rating programs, building energy codes and energy-efficiency retrofits in existing buildings. However, the United States accounted for a decent market share in 2016 owing to federal efficiency standards, which fosters technological advancement and entry of new players with products aligned to the overall regulatory and industry environmental norms. 

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