Computational Photography Market Anticipated to Grow at a CAGR of 20% by 2025

Market Insights Reports delivers key insights on the Computational Photography market in its latest report titled, “Computational Photography Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The computational photography market is expected to hold a CAGR of 20% during the forecast period 2020 – 2025.

Market Overview:

Computational photography refers broadly to sensing strategies and algorithmic techniques that enhance or extend the capabilities of digital photography. Just as smartphone cameras rely on computational photography to adjust images despite the tiny physical lenses of a smartphone camera, so can computational photography enhance images for people with faulty vision through Augmented Reality (AR). In July 2019, Nvidia demonstrated prescription smart glasses that use augmented reality to improve a person’s vision. Instead of replacing prescription glasses every few years, augmented reality prescription eyeglasses can simply adjust the vision of each lens to adapt to a person’s changing eyesight. This implementation can inhibit high growth in the market.

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Top Key Players in the Global Computational Photography Market: Nvidia Corporation, Light Labs Inc., CEVA Inc., FotoNation Inc., Algolux Inc., Pelican Imaging Corporation, Almalence Inc., and Others.

Industry News and Update:

- April 2020 - Xiaomi announced to integrate a 144-megapixel camera phone, where the predecessors of these two phones, Mi 10 Pro and Mi CC9 Pro, had 108-megapixel cameras. The phones employ computational photography and further prioritizes to improve its computational photography features.

Key Market Trends:

Android Smartphone to Witness Significant Market Growth

- Cellphone photography has come a long way, starting from 0.3 megapixel VGA cameras. Over the past few years, smartphone camera technology has grown exponentially. Currently, smartphone manufacturers talk about Artificial Intelligence (AI) and machine learning for being implemented in their phones. According to Morgan Stanley, with the increasing scope of sale of the android smartphone in the coming years, the implementation of computational photography in more number of brands is highly predictable.

- Qualcomm Spectra ISP technology combined with Computational Photography capabilities can take smartphone pictures to a whole new level of advanced imaging techniques. The next round of machine learning-added computational photography will be seen in both photos and videos.

- At the Snapdragon Tech Summit in 2019, Qualcomm showed off a Snapdragon 865 AI-enabled image segmentation feature powered by Morpho software. Flagship smartphones from Huawei and Google to affordable handsets from Xiaomi and Oppo, every brand has focused on introducing some form of intelligence to help make pictures look finer.

- Google’s Pixel 4 is an advanced example of how computational photography is driving the future of smartphone cameras. Google unveiled Pixel 4 and Pixel 4 XL, a new version of its popular smartphone, which comes in two screen sizes. While the devices include new hardware features such as an extra camera lens and an infrared face scanner to unlock the phone, Google emphasized the phones use of so-called computational photography, which automatically processes images to look more professional.

- Further, in April 2020, Microsoft announced its new Surface Duo smartphone, which will be running on an android platform whatever comes after Android 10. The device will feature a CMOS multi-sensor, 3D, IR camera that may use Computational photography algorithms.

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Top Line Market Forecast:

Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2015 to 2019 historically and from 2020 to 2025 forecasted, it also includes the impact of Covid-19 both on the short- and long-term prospects of the industry.      

This Computational Photography Market report addresses:

- The Market size from 2016-2021

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead the market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place                   

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

- 3 months of analyst support

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