Computational photography market report share 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 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.
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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 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.
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.
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.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232323308
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 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.
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.
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