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 expansion observed in the historical period can be attributed to the rise of mobile photography, advancements in processing power, the growing demand for high-quality imaging, improvements in low-light photography capabilities, and the significant influence of social media on the field of 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%. Anticipated growth in the upcoming period is expected due to advancements in computational videography, the development of real-time image editing capabilities, expanded adoption in professional photography settings, improved features for night mode photography, and a heightened focus on privacy in computational photography. Key trends projected for this period encompass AI-based image enhancement techniques, the popularity of portrait mode and bokeh effects, advancements in smart HDR and dynamic range optimization, the integration of multi-lens and multi-sensor systems, the rise of super-resolution imaging, and collaborative efforts with augmented reality (AR) and virtual reality (VR) technologies.
The anticipated expansion of the smartphone market is poised to be a driving force behind the growth of the computational photography market in the upcoming forecast period. Computational photography is experiencing an upsurge, largely attributed to the rapid advancements observed in smartphone cameras, particularly their enhanced photo-taking capabilities utilizing 3D technology sensors for superior quality imagery. According to the India Brand Equity Foundation blog (IBEF), a governmental export promotion agency in India, the National Electronics Policy (NEP) forecasts a significant increase in the domestic smartphones market, projected to reach $80 billion by 2025-26 from $25.1 billion in 2018-19. Consequently, the burgeoning smartphone market is expected to serve as a catalyst propelling the growth trajectory of the computational photography market.
The burgeoning popularity of social media platforms is anticipated to be a driving force behind the expansion of the computational photography market in the forecasted period. These platforms, which enable individuals to register, create accounts, and share user-generated content, are increasingly leveraging computational photography to enhance imaging and reduce noise, thereby significantly improving the quality of smartphone photos. This enhancement makes images appear more vibrant and detailed, even in low-light conditions. For instance, as per cybercrew.uk, a UK-based project website, 77.9% of the UK population, totaling 53 million people, were active social media users as of March 2023. This reflects a 4.4% increase from 2020 to 2021, surpassing the global average social media penetration rate of 45% with a remarkable 66% in the UK. Consequently, the growing prominence of social media platforms is expected to be a catalyst for the growth of the computational photography market.
Major companies are increasingly adopting a strategic partnership approach to advance their solutions and improve offerings. Strategic partnerships involve companies utilizing each other's strengths and resources for mutual benefits and success. For example, in September 2023, Sony Semiconductor-LYTIA, a Japanese company specializing in semiconductors, laser diodes, and imaging sensors, joined forces with OPPO, a Chinese consumer electronics company. The collaboration is centered around the belief that N3 holds great potential for enhancing computational photography. By combining advanced hardware and software expertise, the goal is to deliver outstanding image quality, particularly in low-light scenarios, and establish new benchmarks for smartphone photography.
Leading companies in the computational photography market are actively engaged in the development of innovative technologies, particularly multi-camera systems, to maintain their competitive edge. These systems play a pivotal role in advancing the computational photography landscape by offering a range of imaging tools, facilitating sophisticated computational techniques, and fostering innovation in high-quality photography features. For example, in January 2023, Huddly AS, a US-based technology company, introduced a groundbreaking multi-camera system integrated with an AI director. Known as Huddly Crew, this system serves as a bridge between hybrid workplaces and intelligent, interconnected activities. The kit comprises three Huddly L1 cameras that collectively function as a unified camera crew. The AI director analyzes an array of visual and audio data captured by these cameras in real-time, intelligently selecting the best shots to showcase at any given moment. This innovation signifies a significant stride in enhancing visual experiences through computational photography technologies.
In August 2021, the US-based tech-centric beauty brand IL MAKIAGE completed the acquisition of Voyage81 for an undisclosed sum. This strategic move aimed to bolster the company's AI capabilities, fostering advancements in technology to enhance its product offerings for customers. Voyage81, an Israel-based AI computational imaging company, was brought into the fold to contribute expertise and further augment IL MAKIAGE's capabilities in leveraging artificial intelligence for innovative beauty solutions.
Major companies operating in the computational photography market report are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Sony Corporation, LG Corp., Intel Corp., Qualcomm Technologies Inc., Semiconductor Components Industries LLC, Canon Inc., NVIDIA Corporation, Adobe Inc., Nikon Corporation, BBK Electronics, Affinity Media, Xperi Corporation, Leica Camera AG, Light Labs Inc., HTC Corporation, CEVA Inc., Lytro Inc., Raytrix GmbH, Corephotonics Ltd., Algolux Inc., Coherent Labs, Almalence Inc., DXO Labs, FotoNation Inc., Pelican Imaging Corporation.
North America was the largest region in the computational photography market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the computational photography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the computational photography market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Computational photography encompasses various types such as single- and dual-lens cameras, along with advanced setups such as 16-lens cameras and other variants. Single-lens cameras use prism systems and mirrors, enabling photographers to preview the captured image directly through the lens. Dual-lens cameras utilize two sensors for enhanced picture quality and additional creative possibilities. This technology is integrated into camera modules and software across smartphones, standalone cameras, and machine vision devices. Its applications span 3D imaging, augmented reality, virtual reality, mixed reality, digital imaging, and various other uses.
The computational photography market research report is one of a series of new reports that provides computational photography market statistics, including computational photography industry global market size, regional shares, competitors with a computational photography market share, detailed computational photography market segments, market trends and opportunities, and any further data you may need to thrive in the computational photography industry. This computational photography market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The computational photography market includes revenues earned by entities by in-camera computation of digital panoramas, high-dynamic-range images, and light field cameras. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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%. Anticipated growth in the upcoming period is expected due to advancements in computational videography, the development of real-time image editing capabilities, expanded adoption in professional photography settings, improved features for night mode photography, and a heightened focus on privacy in computational photography. Key trends projected for this period encompass AI-based image enhancement techniques, the popularity of portrait mode and bokeh effects, advancements in smart HDR and dynamic range optimization, the integration of multi-lens and multi-sensor systems, the rise of super-resolution imaging, and collaborative efforts with augmented reality (AR) and virtual reality (VR) technologies.
The anticipated expansion of the smartphone market is poised to be a driving force behind the growth of the computational photography market in the upcoming forecast period. Computational photography is experiencing an upsurge, largely attributed to the rapid advancements observed in smartphone cameras, particularly their enhanced photo-taking capabilities utilizing 3D technology sensors for superior quality imagery. According to the India Brand Equity Foundation blog (IBEF), a governmental export promotion agency in India, the National Electronics Policy (NEP) forecasts a significant increase in the domestic smartphones market, projected to reach $80 billion by 2025-26 from $25.1 billion in 2018-19. Consequently, the burgeoning smartphone market is expected to serve as a catalyst propelling the growth trajectory of the computational photography market.
The burgeoning popularity of social media platforms is anticipated to be a driving force behind the expansion of the computational photography market in the forecasted period. These platforms, which enable individuals to register, create accounts, and share user-generated content, are increasingly leveraging computational photography to enhance imaging and reduce noise, thereby significantly improving the quality of smartphone photos. This enhancement makes images appear more vibrant and detailed, even in low-light conditions. For instance, as per cybercrew.uk, a UK-based project website, 77.9% of the UK population, totaling 53 million people, were active social media users as of March 2023. This reflects a 4.4% increase from 2020 to 2021, surpassing the global average social media penetration rate of 45% with a remarkable 66% in the UK. Consequently, the growing prominence of social media platforms is expected to be a catalyst for the growth of the computational photography market.
Major companies are increasingly adopting a strategic partnership approach to advance their solutions and improve offerings. Strategic partnerships involve companies utilizing each other's strengths and resources for mutual benefits and success. For example, in September 2023, Sony Semiconductor-LYTIA, a Japanese company specializing in semiconductors, laser diodes, and imaging sensors, joined forces with OPPO, a Chinese consumer electronics company. The collaboration is centered around the belief that N3 holds great potential for enhancing computational photography. By combining advanced hardware and software expertise, the goal is to deliver outstanding image quality, particularly in low-light scenarios, and establish new benchmarks for smartphone photography.
Leading companies in the computational photography market are actively engaged in the development of innovative technologies, particularly multi-camera systems, to maintain their competitive edge. These systems play a pivotal role in advancing the computational photography landscape by offering a range of imaging tools, facilitating sophisticated computational techniques, and fostering innovation in high-quality photography features. For example, in January 2023, Huddly AS, a US-based technology company, introduced a groundbreaking multi-camera system integrated with an AI director. Known as Huddly Crew, this system serves as a bridge between hybrid workplaces and intelligent, interconnected activities. The kit comprises three Huddly L1 cameras that collectively function as a unified camera crew. The AI director analyzes an array of visual and audio data captured by these cameras in real-time, intelligently selecting the best shots to showcase at any given moment. This innovation signifies a significant stride in enhancing visual experiences through computational photography technologies.
In August 2021, the US-based tech-centric beauty brand IL MAKIAGE completed the acquisition of Voyage81 for an undisclosed sum. This strategic move aimed to bolster the company's AI capabilities, fostering advancements in technology to enhance its product offerings for customers. Voyage81, an Israel-based AI computational imaging company, was brought into the fold to contribute expertise and further augment IL MAKIAGE's capabilities in leveraging artificial intelligence for innovative beauty solutions.
Major companies operating in the computational photography market report are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Sony Corporation, LG Corp., Intel Corp., Qualcomm Technologies Inc., Semiconductor Components Industries LLC, Canon Inc., NVIDIA Corporation, Adobe Inc., Nikon Corporation, BBK Electronics, Affinity Media, Xperi Corporation, Leica Camera AG, Light Labs Inc., HTC Corporation, CEVA Inc., Lytro Inc., Raytrix GmbH, Corephotonics Ltd., Algolux Inc., Coherent Labs, Almalence Inc., DXO Labs, FotoNation Inc., Pelican Imaging Corporation.
North America was the largest region in the computational photography market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the computational photography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the computational photography market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Computational photography encompasses various types such as single- and dual-lens cameras, along with advanced setups such as 16-lens cameras and other variants. Single-lens cameras use prism systems and mirrors, enabling photographers to preview the captured image directly through the lens. Dual-lens cameras utilize two sensors for enhanced picture quality and additional creative possibilities. This technology is integrated into camera modules and software across smartphones, standalone cameras, and machine vision devices. Its applications span 3D imaging, augmented reality, virtual reality, mixed reality, digital imaging, and various other uses.
The computational photography market research report is one of a series of new reports that provides computational photography market statistics, including computational photography industry global market size, regional shares, competitors with a computational photography market share, detailed computational photography market segments, market trends and opportunities, and any further data you may need to thrive in the computational photography industry. This computational photography market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The computational photography market includes revenues earned by entities by in-camera computation of digital panoramas, high-dynamic-range images, and light field cameras. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Computational Photography Market Characteristics3. Computational Photography Market Trends and Strategies32. Global Computational Photography Market Competitive Benchmarking33. Global Computational Photography Market Competitive Dashboard34. Key Mergers and Acquisitions in the Computational Photography Market
4. Computational Photography Market - Macro Economic Scenario
5. Global Computational Photography Market Size and Growth
6. Computational Photography Market Segmentation
7. Computational Photography Market Regional and Country Analysis
8. Asia-Pacific Computational Photography Market
9. China Computational Photography Market
10. India Computational Photography Market
11. Japan Computational Photography Market
12. Australia Computational Photography Market
13. Indonesia Computational Photography Market
14. South Korea Computational Photography Market
15. Western Europe Computational Photography Market
16. UK Computational Photography Market
17. Germany Computational Photography Market
18. France Computational Photography Market
19. Italy Computational Photography Market
20. Spain Computational Photography Market
21. Eastern Europe Computational Photography Market
22. Russia Computational Photography Market
23. North America Computational Photography Market
24. USA Computational Photography Market
25. Canada Computational Photography Market
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
31. Computational Photography Market Other Major and Innovative Companies
35. Computational Photography Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Computational Photography Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on computational photography market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for computational photography? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: Apple Inc.; Alphabet Inc.; Samsung Electronics Co. Ltd.; Microsoft Corporation; Huawei Technologies Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Apple Inc.
- Alphabet Inc.
- Samsung Electronics Co. Ltd.
- Microsoft Corporation
- Huawei Technologies Co. Ltd.
- Sony Corporation
- LG Corp.
- Intel Corp.
- Qualcomm Technologies Inc.
- Semiconductor Components Industries LLC
- Canon Inc.
- NVIDIA Corporation
- Adobe Inc.
- Nikon Corporation
- BBK Electronics
- Affinity Media
- Xperi Corporation
- Leica Camera AG
- Light Labs Inc.
- HTC Corporation
- CEVA Inc.
- Lytro Inc.
- Raytrix GmbH
- Corephotonics Ltd.
- Algolux Inc.
- Coherent Labs
- Almalence Inc.
- DXO Labs
- FotoNation Inc.
- Pelican Imaging Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 21.48 Billion |
Forecasted Market Value ( USD | $ 52.25 Billion |
Compound Annual Growth Rate | 24.9% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |