The global computational photography market is estimated to be valued at USD 10.7 billion in 2019 and is projected to reach USD 29.0 billion by 2024, growing at a CAGR of 22.0% during the forecast period. The trend of sharing images and videos using advanced media sharing technologies is a significant aspect of social networking on a global basis within the smartphone and multimedia tablet ecosystem. Also, the enhancement in the image resolution of sensors along with the technological advancements in camera modules, components, and design is driving the market. The growing demand for superior vision technology in the computer vision industry is expected to lay new growth opportunity for computational cameras industry growth during the forecast period.

By offering, the camera module is the largest contributor in computational photography market during the forecast period

The market growth of camera modules is attributed to the use of AI-based advanced cameras and the growing demand for arrays of cameras in a single product. The hardware and software of each computational camera are typically designed to produce a particular type of image. The captured image is optically coded. The computational module has a model of optics, which it uses to decode the captured image to produce a new type of image that could benefit a vision system.

Download Free PDF Copy:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232323308

Smartphone cameras account for the largest market size of the computational photography market

The computational photography market is driven primarily by the rising sales of smartphones equipped advanced cameras with artificial intelligence capabilities. Smartphone-based computational cameras are displaying significant changes in the market. There is a high impact of computational cameras in the smartphones market. Computational photography is now evolving in smartphones such as Apple, Google, and Samsung.

Single-and dual-lens to account for the largest market size of computational photography market during the forecast period

The demand for these cameras is propelled by the growth of smartphone cameras such as iPhone XS, iPhone X, Google Pixel, and others that use single- and double-lens camera modules for advanced imaging. Having multiple-lens cameras has enabled manufacturers to add new features such as zoom, better HDR, portrait modes, 3D, and low-light photography. iPhone XS, Xiaomi Redmi 7S, Huawei Honor 8, and Samsung Galaxy Note 8 are among the recent smartphones with powerful dual rear cameras.

3D imaging held the largest share of computational photography market in 2018

Computational photography cameras can be used for capturing images of a particular object from which a model of the scene can be generated automatically. A wide range of possible changes can be explored interactively and previewed on-set, including scene geometry and textures with the help of this technology. With advances in computer vision technology, it has become possible to capture 3D images using many different sensors and, in the process, to extract depth information.

North America to hold the major share of the computational photography market in 2018

The growth of the smartphone market mainly drives the progress of the computational photography market in North America. Moreover, the presence of market leaders such as Alphabet Inc. (Alphabet) (US), Apple, Inc. (Apple) (US), Light (U.S.), NVIDIA Corporation (NVIDIA) (US), and Qualcomm, Inc. (Qualcomm) (US) is also contributing significantly to the growth of the market in North America. The market in APAC is expected to grow at the highest CAGR during 2019 and 2024 due to higher consumer spending on the latest smartphones.

Key Market Players

The major players in market are Apple (US), Samsung (South Korea), Nvidia (US), Qualcomm (US), Adobe (US), Nikon (Japan), Sony (Japan), LG (South Korea), Light (US), Canon (Japan).