SMART CAMERA MARKET ANALYSIS
The electronics and semiconductor industry across the globe is growing at a significant rate, owing to constant adoption of automation, networking, mobility, and smart project initiatives. According to the India Brand Equity Foundation (IBEF), the Indian semiconductor design market was valued at US$ 14.5 billion in 2015 and is expected to reach US$ 52.6 billion by 2020, exhibiting a CAGR of 29.4%. According to the same source, the Indian appliance and consumer electronics market was valued at US$ 10.93 billion in 2019 and is expected to reach US$ 21.18 billion by 2025. Thus, high growth of the semiconductor and electronics industry is expected to drive growth of the market during the forecast period.
