Press release
Computational Photography Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Competitive Landscape
Computational Photography Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $52.25 billion In 2028 At A CAGR Of 24.9% :
The computational photography market size has grown exponentially in recent years. It will grow from $17.06 billion in 2023 to $21.48 billion in 2024 at a compound annual growth rate (CAGR) of 25.9%. The growth in the historic period can be attributed to rise of mobile photography, increased processing power, demand for high-quality imaging, low-light photography improvements, social media influence on photography.
The computational photography market size is expected to see exponential growth in the next few years. It will grow to $52.25 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be attributed to computational videography, real-time image editing, extended use in professional photography, enhanced night mode features, privacy-focused computational photography. Major trends in the forecast period include AI-based image enhancement, portrait mode and bokeh effects, smart her and dynamic range optimization, multi-lens and multi-sensor systems, super-resolution imaging, collaboration with AR and VR technologies.
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Computational Photography Market Major Segments
The computational photography market covered in this report is segmented -
1) By Type: Single And Dual Lens Camera, 16- Lens Camera, Other Types
2) By Offering: Camera Modules, Software
3) By Product: Smartphone Cameras, Standalone Cameras, Machine Vision Cameras
4) By Application: 3D Imaging, Augmented Reality Imaging, Virtual Reality Imaging, Mixed Reality Imaging, Digital Imaging, Other Applications
Key Driver - Smartphone Market Surge Fuels Computational Photography Growth
The growth of the smartphone market is expected to propel the growth of the computational photography market in the forecast period. Computational photography is increasing due to rapid improvements in the smartphone cameras such as photo-taking capabilities using 3D technology sensors for high quality. According to the India Brand Equity Foundation blog (IBEF), an Indian Government export promotion agency, as per the National Electronics Policy (NEP), the domestic smartphones market is estimated to reach $ 80 billion by 2025-26, from $ 25.1 billion in 2018-19. Therefore, the growth of the smartphone market will drive the growth of the computational photography market.
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Prominent Trend - Collaborate To Redefine Smartphone Photography Through Computational Innovation
Major companies operating in the computational photography industry are adopting a strategic partnership approach to provide innovative solutions and enhance their offerings. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in September 2023, Sony Semiconductor-LYTIA, a Japan-based company that develops semiconductors, laser diodes, and imaging sensors, partnered with OPPO, a China-based consumer electronics company. This collaboration aims to find that N3 holds significant promise for elevating computational photography, and by combining advanced hardware and software expertise, they aim to deliver exceptional image quality, particularly in low-light scenarios, and set new standards for smartphone photography.
Computational Photography Market Players
Major companies operating in the computational photography market report are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Sony Corporation, LG Corp., Intel Corp., Qualcomm Technologies Inc., Semiconductor Components Industries LLC, Canon Inc., NVIDIA Corporation, Adobe Inc., Nikon Corporation, BBK Electronics, Affinity Media, Xperi Corporation, Leica Camera AG, Light Labs Inc., HTC Corporation, CEVA Inc., Lytro Inc., Raytrix GmbH, Corephotonics Ltd., Algolux Inc., Coherent Labs, Almalence Inc., DXO Labs, FotoNation Inc., Pelican Imaging Corporation
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Largest And Fastest Growing Region In The Market
North America was the largest region in the computational photography market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the computational photography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Computational Photography Market Report Structure
3. Computational Photography Market Trends And Strategies
4. Computational Photography Market - Macro Economic Scenario
5. Computational Photography Market Size And Growth
…..
27. Computational Photography Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Global Computational Photography Market Insights, Forecast
The Computational Photography market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Computational Photography
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Table of Contents:
Table of Contents
1 Study Coverage
1.1…
Global Computational Photography Market Insights, Forecast
The Computational Photography market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Computational Photography.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=49265
Table of Contents:
Table of Contents
1 Study Coverage
1.1…
