Global Computational Photography Market Will Growing with Excellent CAGR 12.75%

Posted by Onkar Nimbalkar on December 12th, 2019

Definition:

Computational photography is the process of capturing digital image and applies various processing techniques that use digital computation instead of optical processes. The computational photography is done using digital cameras and especially through smartphones that includes automated settings for making better point-and-shoot abilities. It uses image processing algorithms to improve images by reducing motion blur and also adds simulated depth of field and refining colours, contrast, and light range. The HDR (High Dynamic Range) Imaging with panoramics is the popular computational photography that optimally combines information from multiple differently exposed pictures of overlapping and under exposed images. The use of computational photography has increased due to its advantages such as it provide better machine vision systems at lower cost, enhance images with better colour, contrast, and better lighting techniques.  For instance, in 2018, Xiaomi launched Xiaomi Mi 8 smartphone that provides computational photography. This smartphone uses machine learning with AI techniques to improve the photos and provide up front of 20-megapixel shooter that enables to take selfies enhances with AI. The users now-a-days prefer more to the devices that offers computational photography features and this is the striking impact on the market.

Analysis of Global Computational Photography Market report:

Global Computational Photography Marketwas valued at USD 1,250.4 million in 2017 and is expected to reach USD 13,246.8 million in 2025, growing at a healthy CAGR of 32.7%for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

 

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Market Drivers:

  •          Rapidly increasing demand for digital still cameras with high resolution
  •          Adoption of computational photography in smartphone cameras

 

Market Restraint:

  •          The initial cost for a digital camera is usually higher
  •          Consumes more battery life

 

Leading Key players profiled in this report are:

The key players operating in the global computational photography market are –

  •          Apple Inc.
  •          Alphabet
  •          Qualcomm Technologies, Inc.
  •          NVIDIA Corporation

The other players in the market are Samsung Electronics, Light, Nikon Corporation, Lytro, Inc., Canon Inc., Algolux, Pelican Imaging, Movidius, ALMALENCE INC., ON Semiconductor, Sony Corporation, Corephotonics Ltd., DxO Lab, HTC Corporation, Affinity Media, Xperi Corporation, and many more.

 

Global Computational Photography Market Segmentation:

Application   

  •          Smartphone Camera
  •          Standalone Camera
  •          Machine Vision

Type

  •          Single- and Dual-Lens Cameras
  •          16-Lens Cameras
  •          Others

Offering   

  •          Camera Module
  •          Software

By Geography

  •          North America
  •          South America
  •          Europe
  •          Asia-Pacific

Competitive Analysis:

The global computational photography market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of computational photography market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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The Global Computational Photography Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Computational Photography Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

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Onkar Nimbalkar

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Onkar Nimbalkar
Joined: September 12th, 2019
Articles Posted: 45

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