At 29+% CAGR Computational Photography Market To Hit $11.47 Billion by 2023 Led by Standalone Camera

The computational photography market is forecast to reach $11.47 billion by 2023 from $2.47 billion in 2017 at a CAGR of 29.14% during (2017-2023) 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.

PUNE, India, Nov. 27, 2017 /PRNewswire-iReach/ -- The computational photography market in APAC is expected to grow at a high CAGR during 2017-2023. The computational photography market based on region has been segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America held the largest share of the computational photography market in 2016. The region is an early adopter of innovative technologies and is home to a large number of computational photography solution providers. 

Browse 37 Market Data Tables and 45 Figures spread through 115 Pages and in-depth TOC on "Computational Photography Market by Application (Smartphone Camera, Standalone Camera, Machine Vision), Type (Single- And Dual-Lens Cameras, 16-Lens Cameras), Offering (Camera Module, Software), and Geography - Global Forecast to 2023" .

The companies profiled in computational photography market report include Alphabet (US), Apple (US), Light Labs (US), NVIDIA (US), Qualcomm, (US), Samsung Electronics (South Korea), Sony (Japan), HTC (Taiwan), Pelican Imaging (US), Lytro (US), Algolux Inc. (Algolux), DxO Labs (France), Almalence (US), Nikon (Japan), Canon (Japan), Corephotonics (Israel), and XPERI (US).

The computational photography market for standalone camera is expected to grow at the highest CAGR between 2017 and 2023. Computational photography is a comparatively new technology, with a lucrative growth potential owing to the growing demand for innovation in the markets for standalone camera across the globe. Light Labs (US) has recently launched a standalone camera with the computational imaging capabilities. Moreover, the major camera providers, such as Nikon (Japan) and Canon (Japan), are expected to enter into this market during the forecast period.

Inquire for DISCOUNT on "Computational Photography Market - Global Forecast to 2023" research report at .

Between North America and APAC, the computational photography market in APAC is expected to grow at a higher CAGR between 2017 and 2023, owing to the high adoption of technically advanced products. China, Japan, and Australia have a huge market (or potential market) for computational photography. The growth opportunity for the Computational Photography Market players in the countries apart from China, India, South Korea, Australia, and Japan would largely depend on the pricing strategies and awareness regarding the benefits of computational cameras over conventional digital single-lens reflex (DSLR) cameras.

Smartphone camera held a major share of the computational photography market based on application in 2016. The computational photography market for smartphone camera is witnessing major changes. Computational cameras have a high impact on the smartphone market. The smartphone customers prefer the handsets which exhibit better camera quality and advanced camera features. The smartphones manufacturers are, thus, focusing on enhancing the cameras embedded in their smartphones. The companies mainly focus on advancing the image sensors, optics, and camera modules. In October 2017, Google announced its Pixel 2 and Pixel 2 XL smartphones that support the computational photography feature.

Order a copy of "Computational Photography Market - Global Forecast to 2023" research report at .

The report describes the computational photography market and related developments in terms of type, application, and offering across different regions. It aims at estimating the size and future growth potential of the market for different segments, including type, application, offering, and geography. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

North America led the computational photography market in terms of size in 2016. North America held the largest size of the computational photography market in 2016. The market in this region is one of the fastest-growing markets in terms of technological advancements, manufacturing operations, and infrastructure. Breakdown of profiles of primary participants:

  • By Company Type: Tier 1 - 65%, Tier 2 - 15%, and Tier 3 - 20%
  • By Designation: C-Level Executives - 55%, Directors - 15%, and Others - 30%
  • By Region: North America - 45%, APAC - 32%, Europe - 14%, and RoW - 9%

Another research titled 3D Machine Vision Market Global Forecast to 2022 says, the 3D machine vision market is expected to be valued at $2.13 billion by 2022, growing at a CAGR of 11.07% between 2016 and 2022. PC-based systems are expected to hold the largest size of the market during the forecast period. Hardware offerings held a major share of the 3D machine vision market in 2016. APAC is likely to be the fastest-growing market for 3D machine vision during the forecast period. Companies such as Cognex Corporation (U.S.), Keyence Corporation (Japan), ISRA Vision AG (Germany), Sick AG (Germany), Basler AG (Germany), Stemmer Imaging (Germany), National Instruments (U.S.), MVTec Software GmbH (Germany), Tordivel AS (Norway), LMI Technologies (Canada) have been profiled in this 168 pages research report available at .

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