The tech that makes smartphone photography happen is expected to grow at an impressive clip between now and 2026.
At a rate of 24%, to be exact, according to the Business Research Company’s Computational Photography Global Market Report 2022.
And, as our headline indicates, that will result in a total market size of $USD 31.93 billion in 2026, up from $USD 10.97 billion in 2021. According to the Business Research Company’s report, this is a compound annual growth rate of 24.2%.
If you’re like us, you’re probably wondering “What exactly is computational photography?”
“Computational photography is used in digital cameras, particularly in smartphones, by automating settings to make for better shooting abilities. Computational photography helps in improving the clarity of images by reducing motion blur and adding simulated depth of field, improving color, light range, and contrast by using image processing algorithms.”
Who are some of the major players in the market? The usual suspects round out the list although anyone would be forgiven for not immediately recognizing some names (such as Light).
Major players include Apple, Samsung, Nikon, Sony, Nvidia, Qualcomm, Google parent Alphabet, LG, and Adobe.
Markets and Markets report that the number one player is Apple but, as with everything revolving around technology, the competition is intense. Looking ahead, computational photography will not only play a large role in refining smartphone camera capabilities but also in augmented reality/virtual reality applications in addition to the vaunted metaverse and related concepts.
Of course, none of this is surprising when you consider how some of the other segments of the larger camera industry are faring. With pared-down offerings, spin-offs, and cancellation of products, the growth of smartphone cameras and related technologies isn’t coming without a cost attached to it.
We have some other photography headlines for you to read at this link right here.