Press release
Evolving Market Trends In The Computational Photography Industry: Collaborate To Redefine Smartphone Photography Through Computational Innovation
Computational Photography
What Is the Current Computational Photography Market Size and Its Estimated Growth Rate?
The market size of computational photography has seen considerable expansion over the past few years. Projections indicate it will enlarge from $21.34 billion in 2024 to $26.81 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 25.6%. This significant growth during the historical period can be credited to the surge in mobile photography, enhanced processing power, the rising demand for superior imaging, advancements in low-light photography, and the impact of social media on photography.
The market for computational photography is set to experience substantial growth in the coming years, with its value predicted to reach $64.86 billion by 2029, achieved with a compound annual growth rate (CAGR) of 24.7%. The expected expansion during this forecast period can be credited to aspects such as computational videography, real-time image modifications, its extensive use in professional photography, improved night mode functionalities, and prioritizing privacy in computational photography. Key trends influencing this forecast period encompass AI-driven image betterment, portrait mode and bokeh effects, smart HDR and optimization of dynamic range, systems incorporating multi-lens and multi-sensors, super-resolution imagery, and cooperative initiatives with AR and VR technologies.
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How Are Emerging Segments Shaping the Computational Photography Market Landscape?
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
Subsegments:
1) By Single And Dual Lens Camera: Single Lens Cameras, Dual Lens Cameras
2) By 16-Lens Camera: Multi-lens Systems, Multi-Lens Systems
3) By Other Types: 360-Degree Cameras, Light Field Cameras, Stereoscopic Cameras
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Which Growth Factors Are Influencing Computational Photography Market Expansion?
The computational photography market's expansion is predicted to be driven by the continual growth in the smartphone sector. This growth is attributed to the significant enhancements in camera technology on smartphones, including 3D sensor-based photo capturing capabilities that deliver high-quality images. For instance, in January 2022, the Consumer Technology Association (CTA), a US trade organization, forecasted that smartphone shipments would reach 154.1 million units in 2022, generating revenues of $74.7 billion. This represents a 3% increase from the 149.6 million units shipped in 2021. Consequently, the computational photography industry's future growth will be largely influenced by the evolving smartphone market.
Who Are the Dominant Players Across Different Computational Photography Market Segments?
Major companies operating in the computational photography market include Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Sony Corporation, LG Corp., Qualcomm Technologies Inc., Canon Inc., NVIDIA Corporation, Adobe Inc., Nikon Corporation, BBK Electronics, Xperi Corporation, Leica Camera AG, Light Labs Inc., HTC Corporation, CEVA Inc., Raytrix GmbH, Corephotonics Ltd., Algolux Inc., Coherent Labs, Almalence Inc., DXO Labs, FotoNation Inc.
What Computational Photography Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the computational photography industry are using a cooperative strategy to offer unique solutions and enhance their product range. This co-operative approach involves companies utilizing each other's strengths and resources for mutual benefit and success. For example, in September 2023, OPPO, a consumer electronics company from China, formed a strategic partnership with Sony Semiconductor-LYTIA, a Japanese company known for developing semiconductors, laser diodes, and imaging sensors. The primary aim of this partnership was to explore the considerable potential of the N3 in raising the bar for computational photography. By merging their advanced hardware and software skills, they aspire to create outstanding image quality, particularly in areas with poor lighting, thereby setting new benchmarks in smartphone photography.
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Which Geographic Regions Are Expected to Dominate the Computational Photography Market in the Coming Years?
North America was the largest region in the computational photography market share in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Computational Photography Market?
2. What is the CAGR expected in the Computational Photography Market?
3. What Are the Key Innovations Transforming the Computational Photography Industry?
4. Which Region Is Leading the Computational Photography Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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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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