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Computational Photography Market Size, Latest Trends, Growth Rate, Key Drivers And Forecast To 2033
Computational Photography Market Overview
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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