Computational Photography Market 2019: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2024

According to the new market research report "Computational Photography Market by Offering (Camera Modules, Software), Type (Single- and Dual-Lens, 16-Lens), Product (Smartphone Cameras, Standalone Cameras, Machine Vision Cameras), Application (3D Imaging, AR, VR, MR), Region - Global Forecast to 2024", published by MarketsandMarkets™, the Computational Photography Market was valued at USD 10.7 billion in 2019 and is projected to reach USD 29.0 billion by 2024; it is expected to grow at a CAGR of 22.0% during the forecast period.

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Camera modules for computational photography to hold the largest market share in 2019

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.

The single and dual camera continues to hold the largest market share in computational photography market during the forecast year

The demand for these cameras is propelled by the growth of advanced smartphone cameras such as iPhone XS, iPhone X, Google Pixel, and others that use single- and double-lens camera modules for cutting-edge 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.

Smartphone cameras to hold the largest market share in computational photography market during the forecasted year

The computational photography market is driven primarily by the rising sales of smartphones equipped advanced cameras with artificial intelligence capabilities. Smartphones-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.

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100 – Tables

50 – Figures

150 – Pages

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3D imaging to hold the largest share of computational photography market in 2019

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 held the largest market share between 2019 and 2024

The growth of the computational photography market in North America is driven mainly by the growth of the smartphone market in the region. According to Telecom Lead, apple accounted for approximately 40% of the total smartphone market in North America, followed by Samsung and Google. These smartphones have computational photography capabilities and are expected to be used primarily for imaging purposes.

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

Medical Electronics Market Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies 2025

According to the new market research report "Medical Electronics Market by Component (Sensors, MCUs/MPUs, Displays, Memory Devices, Batteries), Application (Patient Monitoring, Diagnostic Imaging, Medical Implants), Product (Invasive, Non-Invasive), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Medical Electronics Market is estimated to be worth USD 5.1 billion in 2019 and is expected to reach USD 6.6 billion by 2025, at a CAGR of 4.6% from 2019 to 2025.

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The rapid growth of the medical electronics market can be attributed to the rising incidents of chronic diseases; increasing adoption of medical imaging, monitoring, and implantable devices; rising expenditure on healthcare across the world; and a growing elderly population. Increasing demand for early disease diagnosis and widening scope of clinical applications, technological advancements in diagnostic imaging modalities, and rising investments, funds, and grants by public-private organizations are some of the other factors driving the growth of this market.

Medical electronics market for batteries to hold the largest share during the forecast period

Increasing demand for high power portable medical devices, such as cardiac monitors, respiratory monitors, hemodynamic monitors, and implantable devices, is the major factor accelerating the growth of batteries in the medical electronics industry. As most of the medical devices are being computerized for better diagnosis and monitoring, the number of battery-powered medical devices is growing rapidly. Unexpected failure or depletion of the battery can stop the device from functioning properly, preventing it from delivering a lifesaving therapy. Therefore, there is a huge demand for safe and reliable batteries for medical devices.

Non-invasive medical devices are expected to hold the largest market share from 2019 to 2025

Factors such as the rising government subsidies on medical devices, increasing adoption of IoT-based medical devices, surging demand for digital radiography systems, and growing use of flat-panel detectors (FPDs) contribute to the augmented demand for non-invasive products in the medical electronics market.

Patient monitoring application held the largest share of the medical electronics market in between 2019 and 2025

Factors such as the easy availability of wireless monitoring devices and the rising incidence of lifestyle and chronic diseases are expected to drive market growth during the forecast period. The growing demand for patient monitoring devices in non-hospital settings is also expected to provide a range of growth opportunities for players in the market. The integration of patient monitoring technologies in smartphones and wireless devices is a critical trend for patient care, resulting in increasing adoption of patient remote monitoring systems, mobile cardiac telemetry devices, mobile personal digital assistant (PDA) systems, ambulatory wireless EEG recorders, and ambulatory event monitors.

Americas expected to hold the largest share of the medical electronics market during the forecast period

The Americas accounted for the largest share of the global medical electronics market in 2018. Factors such as the rise in the geriatric population, presence of advanced healthcare infrastructure, and high healthcare expenditure are supporting the growth of the medical electronics market in the Americas. The medical electronics market has seen tremendous growth in terms of technological advancements, increased healthcare expenditure as a percentage of total GDP, and integration of health information technology (IT) into primary care. The region is home to a few of the leading medical devices and medical electronics companies in the world, such as Johnson & Johnson (US), General Electric (US), Baxter, Medtronic (US), and Cardinal Health Inc. (US), offering medical electronics. The region provides an ideal environment for innovation, which has facilitated massive advancements in medical technology.

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69 – Figures

254 – Pages

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The report profiles key players, including Analog Devices (US), Texas Instrument (US), TE Connectivity (Switzerland), Medtronics Plc (Ireland), ST Microelectronics (Switzerland), NXP Semiconductors (Netherlands), (US), Maxim Integrated Products (US), ON Semiconductor (US), Renesas Electronics Corporation (Japan), Microchip Technology (US), Tekscan, (US), Monebo (US), Cirtec Medical (US), First Sensor (Germany), Sensirion (Switzerland), Innovative Sensor Technology (Switzerland), Keller America (US), and Merit Medical Systems (US).

Retail Automation Is Expected To Witness the Highest Demand during 2017-2023

The growth of the retail automation market can be attributed to the increasing demand for business optimization by retailers and reduction in their operational costs, rising demand for quality and quick services, and growing demand for retail automation solutions across the globe. 

The report "Retail Automation Market by Type (PoS, Barcode, and RFID, ESL, Camera, AGV, ASRS, Automated Conveyor), End User (Hypermarkets, Supermarkets, Single Item Stores, Fuel Stations, Retail Pharmacies),  Implementation, Region - Global Forecast to 2023", is projected to grow from USD 19.0 billion by 2023, at a CAGR of 11.0% between 2017 and 2023.

Browse 63 market data Tables and 48 Figures spread through 179 Pages and in-depth TOC on "Retail Automation Market"

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Retail automation refers to the use of automation technologies and processes to carry out different retail operations. Various benefits associated with retail automation include real-time information flow across critical systems that perform traditional transaction functions at point-of-sale (PoS) terminals; efficient store management to prevent losses and monitor the availability of products to avoid out-of-stock situations, and improved customer service with interactive kiosks and self-checkout systems; among others. Retail automation combines smart devices and equipment to offer high-quality services to customers and enhance business operations. It is adopted in hypermarkets, supermarkets, fuel stations, departmental stores, quick-service restaurants (QSR), and healthcare retail pharmacies to ensure their smooth and effective functioning. Increasing adoption of retail automation solutions in emerging economies incorporation of augmented reality and virtual reality in the retail sector, and development of new retail automation solutions act as growth opportunities for the retail automation market in the coming years.

The warehouse segment is projected to lead the retail automation market from 2017 to 2023

Increased number of stock-keeping units (SKUs) has led to expansions in the sizes of warehouses, thereby making it difficult to carry out the effective management of warehouses using manual labor. Thus, the emergence of warehouse automation has enabled companies to increase the efficiency of their warehouse operations. Warehouse automation enables adoption of automated conveyors, robots, and automated storage and retrieval systems, which require limited involvement of warehouse employees, to carry out different operations. Increased investments are being made across the globe to carry out the warehouse automation to improve the productivity and flexibility of different processes carried out in warehouses.

Among end-users, retail automation is expected to witness the highest demand in single item stores during the forecast period

Single item stores are dedicated stores that offer a specific category of products. These can be apparels and consumer electronics stores as well as quick-service restaurants. In such stores, losses and discount costs that are related to product stocking are crucial as seasonal products lose their value quickly. Thus, retailers use electronic shelves labeling (ESL), which allows them to change the prices of products instantly and maintain an inventory of their products, thereby reducing losses and simultaneously saving efforts of their staff. Single item stores are adopting different automated technologies to boost the efficiency of their operations, enhance customer experience, and cater to the requirements of their customers. This, in turn, is leading to the growth of the single item stores segment of the market across the globe. 

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North America led the retail automation market in 2016

North America was the largest market for retail automation in 2016. The growth of the market in this region is driven by increased demand for sophisticated and efficient retail services and a high standard of living of its population. The adoption of retail automation by retail companies to offer easy and quick point-of-sale (PoS) services is also fueling the growth of the market in North America. The presence of top retailers such as Wal-Mart Stores, Inc. (US) and the Kroger Company (US) in North America is also contributing to the growth of retail automation in the region.

Datalogic S.p.A (Italy), NCR Corporation (US), First Data Corporation (US), Toshiba Global Commerce Solutions Inc. (US), Fujitsu Limited (Japan), KUKA AG (Germany), Honeywell Scanning and Mobility (US), Zebra Technologies Corporation (US), Wincor Nixdorf AG (Germany), Posiflex Technology, Inc. (Taiwan), Pricer AB (Sweden), and E&K Automation GmbH (Germany) are some of the major players operating in the retail automation market.

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