Industry Background:
Computational photography refers to digital image capture and processing technology. It uses digital computation instead of optical processes. In the last few decades, the evolution of the camera has been truly remarkable. For instance, the computational camera uses a combination of software and optics to produce images. The computational photography market has high growth prospects owing to the increasing demand for smartphone cameras. Moreover, increasing demand for high-resolution still cameras and growing demand for computational cameras for machine vision expected to fuel the market growth during the forecasted period.This growth is primarily driven by Increasing Demand of High-Resolution Still Cameras, Rising Application in the Smartphone Cameras and The growth of the smartphone market supplementing the growth of computational photography market. Manufacturers are focusing on integrating advanced features such as better HDR, low-light photography, improved zoom, and portrait modes in smartphone cameras driving the demand for the computational photography market..
Globally, a noticeable market trend is evident Increasing Application of Image Fusion Technique in Computational Cameras. Major Vendors, such as Apple (United States), Samsung (South Korea), Nvidia (United States), Qualcomm (United States), Adobe (United States), Nikon (Japan), Sony (Japan), LG (South Korea), Light (United States), Canon (Japan), On Semiconductor (United States), Sony (Japan), HTC (Taiwan), Corephotonics (Israel), DXO Labs (France), Xperi (United States) and Affinity Media (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increasing Demand of High-Resolution Still Cameras
- Rising Application in the Smartphone Cameras
- The growth of the smartphone market supplementing the growth of computational photography market. Manufacturers are focusing on integrating advanced features such as better HDR, low-light photography, improved zoom, and portrait modes in smartphone cameras driving the demand for the computational photography market.
Market Trend
- Increasing Application of Image Fusion Technique in Computational Cameras
Restraints
- High Manufacturing Cost of Computational Cameras
Opportunities
Increasing Demand of Displays with 4k Resolution Standard and Growing Demand of Computational Cameras for Machine Vision
Challenges
Miniaturization of Image Sensor Chips in Computational Cameras
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