Camera module market is expected to cross the value of US$ 86.63 Bn by the end of 2031
Camera modules are gaining visibility in consumer electronics such as smartphones and tablet PCs, defense & space industries, medical industry, automotive industry, and industrial & security sectors. Analysts at Transparency Market Research (TMR) opine that the smartphones application segment will grow at an astonishing CAGR throughout the forecast period. This incredible growth rate can be attributed to the increasing popularity of smartphones that are enabled with both front and rear cameras.
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