The Computational Photography Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Computational Photography Global Market Report 2024, The computational photography market size has grown exponentially in recent years. It will grow from $17.06 billion in 2023 to $21.48 billion in 2024 at a compound annual growth rate (CAGR) of 25.9%. The growth in the historic period can be attributed to rise of mobile photography, increased processing power, demand for high-quality imaging, low-light photography improvements, social media influence on photography.
The computational photography market size is expected to see exponential growth in the next few years. It will grow to $52.25 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be attributed to computational videography, real-time image editing, extended use in professional photography, enhanced night mode features, privacy-focused computational photography. Major trends in the forecast period include AI-based image enhancement, portrait mode and bokeh effects, smart her and dynamic range optimization, multi-lens and multi-sensor systems, super-resolution imaging, collaboration with AR and VR technologies.
The growth of the smartphone market is expected to propel the growth of the computational photography market in the forecast period. Computational photography is increasing due to rapid improvements in the smartphone cameras such as photo-taking capabilities using 3D technology sensors for high quality. According to the India Brand Equity Foundation blog (IBEF), an Indian Government export promotion agency, as per the National Electronics Policy (NEP), the domestic smartphones market is estimated to reach $ 80 billion by 2025-26, from $ 25.1 billion in 2018-19. Therefore, the growth of the smartphone market will drive the growth of the computational photography market.
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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
Major companies operating in the computational photography market are focused on developing new innovative technologies like multi-camera systems to sustain their position in the market. Multi-camera systems elevate the computational photography market by offering diverse imaging tools, enabling advanced computational techniques, and fostering innovation in high-quality photography features. For instance, in January 2023, Huddly AS, a US-based technology company, launched a multi-camera system equipped with a built-in AI director. Huddly Crew creates a bridge between a hybrid workplace and intelligent, linked activities. Three Huddly L1 cameras that function as a cohesive camera crew are included in the first kit. The AI director then examines the multitude of visual and audio data points that these cameras record to choose the best shot to show in real time.
The computational photography market report table of contents includes:
1. Executive Summary
2. Computational Photography Market Characteristics
3. Computational Photography Market Trends And Strategies
4. Computational Photography Market – Macro Economic Scenario
5. Global Computational Photography Market Size and Growth
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26. South America Computational Photography Market
27. Brazil Computational Photography Market
28. Middle East Computational Photography Market
29. Africa Computational Photography Market
30. Computational Photography Market Competitive Landscape And Company Profiles
Top Major Players:
- Apple Inc
- Alphabet Inc
- Samsung Electronics Co. Ltd
- Microsoft Corporation
- Huawei Technologies Co. Ltd
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