The global mobile imaging industry generated $29.38 billion in 2020, and is estimated to reach $53.84 billion by 2030, witnessing a CAGR of 6.5% from 2021 to 2030.
Key Takeaways:
Rising smartphone adoption: The widespread adoption of smartphones globally has been a major driving force behind the growth of the mobile imaging market. Smartphones now come equipped with advanced camera capabilities, including high-resolution sensors, multiple lenses, and sophisticated image processing algorithms.
Increasing demand for high-quality imaging: Consumers are increasingly using their smartphones as primary devices for capturing photos and videos. As a result, there is a growing demand for high-quality imaging technologies, such as higher megapixel sensors, optical image stabilization, and low-light performance enhancements.
Advancements in computational photography: Computational photography techniques, powered by artificial intelligence and machine learning algorithms, have revolutionized mobile imaging. These techniques enable features like portrait mode, night mode, HDR (High Dynamic Range), and real-time image enhancements, improving the overall photography experience on mobile devices.
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Market Segmentation:
Component:
- Hardware: This includes camera modules, lenses, sensors, image processors, and other physical components.
- Software: This includes image processing algorithms, computational photography software, and other software solutions for enhancing image quality and adding features.
Technology:
- Image Sensors: This includes CMOS (Complementary Metal-Oxide-Semiconductor) sensors, CCD (Charge-Coupled Device) sensors, and other sensor technologies.
- Optics: This includes lenses, zoom capabilities, aperture size, and other optical components.
- Image Processing: This includes software algorithms and techniques used for image enhancement, noise reduction, HDR (High Dynamic Range), and other processing operations.
Resolution:
- Low Resolution: Typically refers to sensors with resolutions below 5 megapixels.
- Medium Resolution: Includes sensors with resolutions between 5 to 15 megapixels.
- High Resolution: Refers to sensors with resolutions above 15 megapixels.
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Regional Growth Dynamics:
North America accounted for the highest market share in 2020, contributing to around two-fifths of the global mobile imaging market, and is estimated to continue its lead in terms of revenue by 2030. This is due to technological advancements, surge in demand for digitization in healthcare organizations, and increase in awareness about mobile imaging technologies in the diagnosis of various diseases. However, Asia-Pacific is expected to manifest the largest CAGR of 8.1% from 2021 to 2030. This is attributed to enhanced healthcare infrastructure, prevalence of chronic diseases, well-established presence of domestic companies, and increase in the aging population in the region.
Competitive Landscape:
- Sony Corporation
- Samsung Electronics Co., Ltd.
- Apple Inc.
- Huawei Technologies Co., Ltd.
- Xiaomi Corporation
- OPPO Electronics Corp.
- Vivo Communication Technology Co. Ltd.
- Google LLC
- Carl Zeiss AG
- Nikon Corporation
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