Smartphone Camera Market Set to Continue Growth
Thursday, July 20th 2017
A recent trading update by Sunny Optical, a large manufacturer of electronic equipment listed on the Hong Kong stock exchange, gives hard evidence to the forecast by some analysts of significant growth in the smartphone camera market. Sunny Optical report year on year revenue growth of 77%, with profits up 126%, and position themselves as ideally placed to exploit the trend towards bezel free smartphone designs with high quality camera performance. Underlying these good results are strong sales of camera modules into the Chinese smartphone market, which have been driven by the launch of new models from the likes of Oppo, Xiaomi and Huawei all of which feature higher resolution and better quality dual cameras.
As cameras remain a key means of differentiation in the smartphone market, many analysts are expecting Sunny Optical to maintain high growth, predicting earnings CAGR of 45% for some years to come. CML shares the view that this market provides a significant opportunity and believes that our unique technologies will allow us to thrive in this environment.