The computational photography market for software is expected to grow at the highest CAGR between 2017 and 2023. This growth is mainly attributed to the increasing adoption of machine learning in the computational cameras. It interfaces hardware with advanced computational capabilities. Software systems enhance and extend the capabilities of devices based on the computational photography technology by compressing, expanding, and mosaicking the image.
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They can also remove the undesirable objects in the picture, remove camera shake, and add matt effect. North America held the largest share of the computational photography market in 2016. North America is one of the leading regions in terms of the adoption of computational photography. The region is one of the well-defined and controlled economies in terms of resources, GDP, infrastructure, and technological advancements in the world. As the high-quality smartphone cameras are most widely used for photography in this region, it is expected to be a major market for computational photography.
Furthermore, the region has also rapidly adopted the latest advancements in the camera technology, and the US is a hub for start-ups in new camera technologies.
These factors are expected to further drive the growth of the market in North America during the forecast period. Image sensors used in computational camera modules are very sensitive to dust, microparticles, impurities, and shock. A slight disturbance can significantly deteriorate the quality of an image. Hence, these sensors require special measures for maintenance. Though the cost of these camera modules has significantly reduced over the past few years, it is still not low enough to attract the small-scale companies.
The computational photography technology is used in various smartphones cameras such as iPhone 7 Plus, iPhone8, iPhone X, and Google Pixel. Light Labs (US) has recently launched a point and shoot camera with computational imaging capability. Moreover, the major camera companies such as Nikon (Japan) and Canon (Japan) are expected to enter into this market during the forecast period.
Some 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).
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