Smartphone Camera Market Forecast to Continue Growth
Friday, October 13th 2017
A recent report from a business analyst of a leading investment bank* contains some illuminating forecasts for the smartphone camera market. The report predicts increasing adoption of dual cameras in the smartphone market and forecasts greater than 40% CAGR to 2020 for dual camera shipment for all but one of the major handset vendors, with an overall market shipment CAGR of 62%. The report expects near 100% adoption in the premium sector from the leading brands.
CML believes that the adoption of dual cameras in smartphone handsets will swiftly move from a means of differentiation to a technology that is required to satisfy customer expectations. CML therefore expects dual cameras to penetrate beyond the premium sector fuelling longer term unit growth.
*A detailed analysis of Sunny Optical can be obtained by contacting Deutsche Bank.