Computational Photography Market : Increasing Demand for High-Resolution Computational Cameras in Machine Vision Applications

[115 Pages Report] The computational photography market is segmented on the basis of product into single- and dual-lens cameras, 16-lens cameras; offering into camera module and software; and application into smartphone camera, standalone camera, and machine vision. The computational photography market is expected to grow at a CAGR of 29.14% during the forecast period to reach USD 11.47 Billion by 2023 from USD 1.05 Billion in 2016. The base year used for this study is 2016, and the forecast period is between 2017 and 2023.

Some of the major players in the computational photography market are Alphabet (US), Apple (US), NVIDIA (US), Qualcomm (US), Pelican Imaging (US), Light Labs (US), Algolux (Canada), DxO Labs (France), Almalence (US), Nikon (Japan), and Canon (Japan).

The market is driven by 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. Moreover, the growing quest for superior camera technology among the leading smartphone vendors is expected to propel the demand for computational photography technology in smartphone segment during the forecast period. In June 2016, Nikon published a patent for its 4 lenses and 4 sensors. Canon has filed a patent (EP 1613060 A1) in the computational photography space. The company is expected to bring its computational photography technology into its products soon. Hitachi is also working on a lens-less camera technology that supports computational photography feature. It features with an ability to adjust the focus of video images after capturing an image

The smartphone camera segment is expected to hold the largest share of the computational photography market by 2023. The growing consumer awareness about the high-quality smartphone cameras, along with the growing market for software-defined photography is expected to drive the market for smartphone camera.