The overall computational photography market was valued at USD 7.9 billion in 2018 and is projected to reach USD 29.0 billion by 2024; it is expected to grow at a CAGR of 22.0% from 2019 to 2024.
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 computational photography market in North America.
In the current modern dynamic world of technology, photography technology has moved beyond superior hardware such as complementary metal-oxide-semiconductor (CMOS) image sensors and large optical lenses. Computational photography uses both superior hardware and a combination of software-defined imaging techniques for superior image quality.
Computational photography is comparatively a new technology, with a lucrative growth potential owing to the growing demand for innovation in the markets for the standalone camera and smartphone camera modules across the world. Computational imaging involves the use of mathematical models and computational methods.
With the declining demand for professional cameras and increasing focus on better image capturing techniques, it becomes invincible for imaging companies to come up with better imaging techniques with advanced features. Moreover, computational photography technology is used in various smartphone cameras such as iPhone 7 Plus, iPhone8, iPhone X, and Google Pixel. Light Labs (US) has recently launched a point and shoot camera with computational imaging capability.
Major camera companies such as Nikon Inc. (Japan) and Canon Inc. (Japan) are expected to enter this market during the forecast period.
6 Market, By Product 6.1 Introduction 6.2 Smartphone Camera (Embedded) 6.3 Standalone Camera 6.4 Machine Vision Camera
7 Market, By Application 7.1 Introduction 7.2 3D Imaging 7.3 Augumented Reality 7.4 Virtual Reality
8 Market, By Type 8.1 Introduction 8.2 Single- and Dual-Lens Cameras 8.3 16-Lens Cameras 8.4 Others
9 Market, By Offering 9.1 Introduction 9.2 Camera Module 9.3 Software
10 Geographic Analysis 10.1 Introduction 10.2 North America 10.2.1 US 10.2.2 Canada 10.2.3 Mexico 10.3 Europe 10.3.1 Germany 10.3.2 France 10.3.3 UK 10.3.4 Rest of Europe 10.4 Asia Pacific 10.4.1 Japan 10.4.2 China 10.4.3 Rest of APAC 10.5 RoW 10.5.1 Middle East and Africa 10.5.2 South America