Global Vision Processing Unit Market, By Application (Smartphones, Drones, Cameras, AR/VR, Medical Devices, Robots, Autonomous Vehicles), Vertical (Consumer Electronics, Security and Surveillance, Automotive, Industrial, Healthcare, Others), Fabrication Process (≤16 nm, >16–28 nm), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Vision Processing Unit Market
Data Bridge Market Research analyses the vision processing unit market will exhibit a CAGR of 19.63% for the forecast period of 2022-2029.
A vision processing unit (VPU) is a type of microprocessor that promotes machine learning and artificial intelligence (AI). In extreme power-constrained conditions, the vision processing unit delivers high-performance machine vision and visual awareness. The microprocessor's characteristics include programmability and flexibility, as well as power savings because it only consumes a tenth of the power for the work at hand. It's also utilized for detecting an object's memory, providing CPU and GPU components, and improving the system's overall speed, which aids in seeing the thing in three dimensions. The device is utilized in a variety of applications, including smartphones, ADAS (Advanced Driver Assistance Systems), cameras, drones, and more.
The upsurge in the need for high computing capabilities will act as a key element driving market expansion. The vision processing unit market is also being driven by factors such as rising demand for computer vision applications and growing acceptance of edge AI. Furthermore, rising implementation of artificial intelligence and machine learning technologies will result in enhancement of growth rate of vision processing unit market. Also, increasing usage of premium smartphones will act as a major factor influencing the growth of vision processing unit market. Another significant factor that will cushion the vision processing unit market’s growth rate is the severe reduction in power consumption of devices. In addition to this, other factors such as rising demand for real-time video processing in critical applications and technological advanced products will expand the vision processing unit market.
Moreover, the rising demand for machine vision in industrial applications will create beneficial opportunities for the growth of the market. Additionally, the rise of autonomous vehicles and untapped potential in emerging markets will act as market drivers and further boost new opportunities in the forecast period mentioned above.
However, limitations, the availability of high-capacity CPUs and GPUs will hamper the market’s growth rate. Also, technological issues in chip development and manufacturing will further pose a challenge to the market. Also, the complication of the programming of the system on which VPU is based is likely to stifle growth over the forecast period.
This vision processing unit market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on vision processing unit market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vision Processing Unit Market Scope and Market Size
The vision processing unit market is segmented on the basis of application, vertical and fabrication process. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, vision processing unit market is segmented into smartphones, drones, cameras, AR/VR, medical devices, robots and autonomous vehicles.
- On the basis of vertical, vision processing unit market is segmented into consumer electronics, security and surveillance, automotive, industrial, healthcare and others.
- The vision processing unit market is also segmented on the basis of fabrication process into ≤16 nm and >16–28 nm.
Vision Processing Unit Market Country Level Analysis
The vision processing unit market is analysed and market size, volume information is provided by country, application, vertical and fabrication process as referenced above.
The countries covered in the vision processing unit market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the vision processing unit market and will continue to flourish its trend of dominance due to the upsurge in the adoption of edge AI and availability of various AI processor start-ups in this region.
The country section of the vision processing unit market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Vision Processing Unit Market Share Analysis
The vision processing unit market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vision processing unit market.
Some of the major players operating in the vision processing unit market are SAMSUNG, Intel Corporation, Cadence Design Systems, Inc., CEVA, Inc., NXP Semiconductors., HiSilicon(Shanghai) Technologies CO., LIMITED., MediaTek Inc., Imagination Technologies Limited., VeriSilicon., Lattice Semiconductor, Texas Instruments Incorporated., NEURALA, INC., Blaize., Synopsys, Inc., Socionext Inc., Alphabet Inc., and NEXTCHIP Co,Ltd., among others.