Computational photography market report share is estimated to be valued at USD 10.7 billion in 2019 and is projected to reach USD 29.0 billion by 2024, growing at a CAGR of 22.0% during the forecast period.


The trend of sharing images and videos using advanced media sharing technologies is a significant aspect of social networking on a global basis within the smartphone and multimedia tablet ecosystem. Also, the enhancement in the image resolution of sensors along with the technological advancements in camera modules, components, and design is driving the market.


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The growth of the smartphone market mainly drives the progress of the computational photography market in North America. Moreover, the presence of market leaders such as Alphabet Inc. (Alphabet) (US), Apple, Inc. (Apple) (US), Light (U.S.), NVIDIA Corporation (NVIDIA) (US), and Qualcomm, Inc. (Qualcomm) (US) is also contributing significantly to the growth of the market in North America. The market in APAC is expected to grow at the highest CAGR during 2019 and 2024 due to higher consumer spending on the latest smartphones.


The computational photography market is driven primarily by the rising sales of smartphones equipped advanced cameras with artificial intelligence capabilities. Smartphone-based computational cameras are displaying significant changes in the market. There is a high impact of computational cameras in the smartphones market. Computational photography is now evolving in smartphones such as Apple, Google, and Samsung.


Computational photography cameras can be used for capturing images of a particular object from which a model of the scene can be generated automatically. A wide range of possible changes can be explored interactively and previewed on-set, including scene geometry and textures with the help of this technology. With advances in computer vision technology, it has become possible to capture 3D images using many different sensors and, in the process, to extract depth information.


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The major players in market are Apple (US), Samsung (South Korea), Nvidia (US), Qualcomm (US), Adobe (US), Nikon (Japan), Sony (Japan), LG (South Korea), Light (US), Canon (Japan).