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Computational Photography Market 2023 - By Share, Trends, Growth Rate, SWOT Analysis And Outlook 2032
Computational Photography Market
The Business Research Company's Computational Photography Global Market Report 2023 identifies growth of the smartphone market as the major driver for the Computational Photography market's growth in the forecast period. Computational photography is increasing due to rapid improvements in the smartphone cameras such as photo-taking capabilities using 3D technology sensors for high quality. According to the India Brand Equity Foundation blog (IBEF), an Indian Government export promotion agency, as per the National Electronics Policy (NEP), the domestic smartphones market is estimated to reach $ 80 billion by 2025-26, from $ 25.1 billion in 2018-19.
The global computational photography market size grew from $13.52 billion in 2022 to $16.69 billion in 2023 at a compound annual growth rate (CAGR) of 23.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The computational photography market size is expected to grow to $40.88 billion in 2027 at a CAGR of 25.1%.
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Major competitors in the Computational Photography market are Apple, Light, Nvidia, Qualcomm, Samsung Electronics, Adobe, Nikon, Sony Corporation, LG Corp, Canon, Algolux.
A key trend in the Computational Photography market includes technological advancements. Technological advancements are being made in the computational photography market to sustain the competition as this market is driven by innovation. For instance, in 2020, Qualcomm Technologies, a subsidiary of Qualcomm based in the US that creates semiconductors, software, and services related to wireless technology., launched Qualcomm QCS610 and Qualcomm QCS410 system-on-chips. These QCS610 and QCS410 are unique as they are designed to bring premium camera technology that includes powerful artificial intelligence and machine learning into mid-tier camera segments.
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The Computational Photography market is segmented -
• By Type: Single And Dual Lens Camera, 16- Lens Camera, Other Types
• By Offering: Camera Modules, Software
• By Product: Smartphone Cameras, Standalone Cameras, Machine Vision Cameras
• By Application: 3D Imaging, Augmented Reality Imaging, Virtual Reality Imaging, Mixed Reality Imaging, Digital Imaging, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Computational Photography market.
The Business Research Company's "Global Computational Photography Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Computational Photography Market Include:
1. Executive Summary
2. Computational Photography Market Characteristics
3. Computational Photography Market Trends And Strategies
4. Computational Photography Market - Macro Economic Scenario
5. Computational Photography Market Size And Growth
………………………………….
26. Africa Computational Photography Market
27. Computational Photography Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Computational Photography Market
29. Computational Photography Market Future Outlook and Potential Analysis
30. Appendix
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