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Computational Photography Market Trends

Report ID: GMI8733
Published Date: Mar 2024
Report Format: PDF

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Computational Photography Market Trends

There is a growing emphasis on integrating computational imaging into smartphones with manufacturers incorporating advanced camera systems and software to improve photography capabilities. Computational photography is being increasingly used in emerging technologies, such as Augmented Reality (AR) and Virtual Reality (VR), driving demand for new imaging solutions. Furthermore, there is a surge in AI-powered features, such as scene recognition, automated image editing, and real-time image enhancement, which improve user experience and expand the market.

For instance, in April 2023, Applied Intuition and LG Electronics are partnered to accelerate the development of camera systems for autonomous mobile robots (AMRs) with synthetic training data. LG is a global leader in technological innovation across various fields, including home appliances, electronic products, and automobile parts. The company’s Advanced Robotics Laboratory develops AMRs for indoor and outdoor use cases. Applied provides software solutions to safely develop, test, and deploy autonomous systems at scale. LG’s Advanced Robotics Lab uses Applied’s Synthetic Datasets to develop and test its computer vision algorithms.

The increasing use of computational photography in industries, such as healthcare, automotive, and entertainment, demonstrates the technology's versatility and potential for a wide range of applications. Also, collaboration among technology companies, camera manufacturers, and software developers is on the rise to drive innovation and address challenges in computational imaging, ensuring continuous progress in this dynamic market landscape.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for computational photography was valued at over USD 13.5 billion in 2023 and is estimated to surpass USD 36.5 billion by 2032, driven by increasing popularity of smartphones with advanced camera capabilities.

3D imaging application segment accounted for a market share of over 40% in 2023 and is set to generate demand through 2032, owing to increasing demand for immersive experiences, along with accessibility of 3D imaging techniques, such as depth mapping, structured light, and stereo vision.

North America computational photography industry had a revenue share of over 35% in 2023 and is set to gain traction by 2032, driven by a robust technological infrastructure, high consumer adoption of advanced digital devices, and significant investments in R&D.

Adobe Inc., Affinity Media, Algolux Inc., Almalence Inc., Alphabet Inc., Apple Inc., Canon Inc., CEVA Inc., FotoNation Inc., LG Corporation, Light Labs Inc., Nikon Corporation, Nvidia Corporation are some of the major industry contenders.