The computational photography market is expected to reach USD 11.47 billion by 2023 from USD 2.47 billion in 2017, at a CAGR of 29.14% between 2017 and 2023
The computational photography market is expected to grow at a CAGR of 29.14% during the forecast period
NEW YORK, Nov. 27, 2017 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05220267
The computational photography market is expected to reach USD 11.47 billion by 2023 from USD 2.47 billion in 2017, at a CAGR of 29.14% between 2017 and 2023. The growth of the computational photography market is attributed to the increasing resolution and complexity of image sensors for better image quality, increased application of software-based imaging technique in machine vision, growth in 4K pixel, and ultra HD technologies
Smartphone camera held a major share of the computational camera market in 2016
Smartphone camera held a major share of the computational photography market based on application in 2016. The computational photography market for smartphone camera is witnessing major changes. Computational cameras have a high impact on the smartphone market. The smartphone customers prefer the handsets which exhibit better camera quality and advanced camera features.
The smartphones manufacturers are, thus, focusing on enhancing the cameras embedded in their smartphones. The companies mainly focus on advancing the image sensors, optics, and camera modules. In October 2017, Google announced its Pixel 2 and Pixel 2 XL smartphones that support the computational photography feature
The market for standalone camera is expected to grow at the highest CAGR between 2017 and 2023
The computational photography market for standalone camera is expected to grow at the highest CAGR between 2017 and 2023. Computational photography is a comparatively new technology, with a lucrative growth potential owing to the growing demand for innovation in the markets for standalone camera across the globe. Light Labs (US) has recently launched a standalone camera with the computational imaging capabilities. Moreover, the major camera providers, such as Nikon (Japan) and Canon (Japan), are expected to enter into this market during the forecast period
The computational photography market in APAC is expected to grow at a high CAGR during 2017–2023
The computational photography market based on region has been segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America held the largest share of the computational photography market in 2016. The region is an early adopter of innovative technologies and is home to a large number of computational photography solution providers.
Between North America and APAC, the market in APAC is expected to grow at a higher CAGR between 2017 and 2023, owing to the high adoption of technically advanced products. China, Japan, and Australia have a huge market (or potential market) for computational photography. The growth opportunity for the computational photography market players in the countries apart from China, India, South Korea, Australia, and Japan would largely depend on the pricing strategies and awareness regarding the benefits of computational cameras over conventional digital single-lens reflex (DSLR) cameras.
Breakdown of profiles of primary participants:
• By Company Type: Tier 1 = 65%, Tier 2 = 15%, and Tier 3 = 20%
• By Designation: C-Level Executives = 55%, Directors = 15%, and Others = 30%
• By Region: North America = 45%, APAC = 32%, Europe = 14%, and RoW = 9%
The companies profiled in this report include Alphabet (US), Apple (US), Light Labs (US), NVIDIA (US), Qualcomm, (US), Samsung Electronics (South Korea), Sony (Japan), HTC (Taiwan), Pelican Imaging (US), Lytro (US), Algolux Inc. (Algolux), DxO Labs (France), Almalence (US), Nikon (Japan), Canon (Japan), Corephotonics (Israel), and XPERI (US).
Research Coverage:
The report describes the computational photography market and related developments in terms of type, application, and offering across different regions. It aims at estimating the size and future growth potential of the market for different segments, including type, application, offering, and geography. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
Reasons to Buy the Report:
• This report includes the statistics pertaining to the computational photography market on the basis of type, application, offering, and geography.
• The major drivers, restraints, opportunities, and challenges for the industrial computational photography market have been detailed in this report.
• Illustrative segmentation, analysis, and forecast based on type, application, offering, and geography have been provided to give an overall view of the computational photography market.
• A detailed competitive landscape has been provided in the report, including key players and in-depth analysis of these players.
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