#vision processing unit market

PR1 Inter-Market Dependency Global Vision Processing Unit Market, by Type 1. Drone Market: The USD 70 billion drone industry uses vision processing units extensively in processors. VPUs are critical for determining the flight path of drones and are critical for the communication of visual data to the pilot. Commercial drones require high-functioning VPUs to avoid collision and navigate in urban environments. 2. ADAS Market: The fast-growing ADAS market has a critical requirement for VPUs as they are critical for safety and collision avoidance. This makes VPUs indispensable for the growth in the ADAS market. 3. Smartphone Market: According to Reuters, the global smartphone market sold more than 1.88 billion units in 2018. The highly competitive market is down 3.7% from 2017 and, consequently, manufacturers are enhancing performance parameters. A key feature driving smartphone sales is the inbuilt camera with video and image capturing capabilities. The use of VPUs enhances the quality of the videos and images while reducing the load on the smartphone CPU and, therefore, power consumption. The competitive nature of the smartphone market is expected to result in the high application of VPUs across models while also fueling innovation in VPUs. 4. Camera Market: Digital cameras face competition from smartphones with inbuilt cameras. This has led digital camera manufacturers to focus on offering enhanced video and image capturing and processing capabilities that remain unmatched by smartphones. This is made possible by the use of the latest VPUs with a priority of image and video optimization over device efficiency. 5. AR/VR Market: According to MRFR analysis, the global AR/VR market is expected to reach approximately USD 160 billion by 2023. The creation of a VR environment necessitates high processing power, both in terms of energy requirement and processing time. VPUs significantly aid in the reduction of the processing burden on CPUs and GPUs. The cost-effective manufacturing of AR/VR units necessitates the use of VPUs. 6. Robotics Market: The robotics industry is a varied field. All robots utilizing video capturing technology require processors to translate the captured video stream with the help of machine vision. This is enabled by the incorporation of VPUs due to their efficiency and reduction on CPU dependency. 7. Wearables Market: This consumer-driven industry is continuously seeking to update products by increasing functionality while maintaining costs. By reducing the load on the gadget’s CPU, the processor is free to run additional features and optimize performance. The incorporation of VPUs can enhance productivity by taking over all video and image stream processing functions from the CPU.

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Vision Processing Unit Market Report

The global vision processing unit market 2020 is assessed to gain a quick mileage. Increasing advancements in technology are supposed to impact the market’s growth curve favorably in the foreseeable future. Market Research Future (MRFR) offers a report that unveils that the vision processing unit market was valued at USD 1.4 Bn in 2018. The vision processing unit market size is supposed to reach a decent valuation by the end of 2025 reflecting a CAGR of 20% across the assessment period (2019 to 2025).

Increasing sales of smartphones is one of the major drivers of the vision processing unit market. In addition, rising application of augmented reality and virtual reality in online gaming industry is also projected to lead the augmentation of the market in the nearby future. The growth of the online gaming industry is projected to boost revenue generation for the players in the vision processing unit market. Rising demand for advanced security and surveillance is also assessed to catapult the vision processing unit market on upward trajectory. The demand for real-time video processing is growing for numerous applications. This factor is supposed to boost proliferation of the vision processing unit market in the upcoming years.

The advancements in microprocessor manufacturing are likely to reduce the cost of video processing units. This, in turn, is assessed to drive the growth of the vision processing unit market in the coming years. Increasing applications of drones are also projected to catalyze the growth rate of the vision processing unit market in the years to come. However, complexities in integration are prognosticated to restrain the growth of the vision processing unit market in the foreseeable future.

Market Segmentation

On the basis of type, the vision processing unit market has been segmented into ADAS, drones, AR/VR, cameras, wearables, smartphones, and robotics. Among these, the drones segment is assessed to hold a significant share of the market. It can be accredited to the exponential demand for drones. The product has gained a quick mileage and has found application in the defense sector, which is supposed to impact the vision processing unit market positively.

On the basis of end-user, the vision processing unit market has been segmented into automotive, consumer electronics, security and surveillance, and others. Among these, the security and surveillance segment is projected to strike the highest CAGR across the evaluation period. Rising security concerns are projected to drive the growth of the segment in the upcoming years. Also, the development of new products for the purpose is also projected to augment the segment over the next few years.

Regional Analysis

The geographical evaluation of the vision processing unit market is covered for the regions, such as Europe, North America, Asia-Pacific, and the Rest of the World (RoW). These regional segments are then further assessed on the basis of countries for gaining a deeper insight. North America is supposed to account for a significant share of the market. It is because of the rising applications such as surveillance, drones, smartphones, etc. Europe is also prognosticated to have a substantial market share. Asia Pacific, on the other side, is anticipated to register the fastest growth rate. Increasing penetration of smartphones is assessed to drive the growth of the regional vision processing unit market in the region.

Competitive Dashboard

Samsung Electronics Co. Ltd (South Korea), Movidius (US), Cadence Design Systems, Inc. (US), CEVA, Inc. (US), Texas Instruments (US), Lattice Semiconductor (US), NXP Semiconductor (Netherlands), HiSilicon Technologies (China), Alphabet, Inc. (US), MediaTek Inc. (Taiwan), and Inuitive (Israel) are few of the key players of the global vision processing unit market.

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Vision Processing Unit Market by Type, Size, Growth and Overview – 2025 | MRFR

Vision Processing Unit Market is likely to grow at a probable USD 3.8 billion by 2025 at an…

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Vision Processing Unit Market Research Report

The global vision processing unit market 2020 is assessed to gain a quick mileage. Increasing advancements in technology are supposed to impact the market’s growth curve favorably in the foreseeable future. Market Research Future (MRFR) offers a report that unveils that the vision processing unit market was valued at USD 1.4 Bn in 2018. The vision processing unit market size is supposed to reach a decent valuation by the end of 2025 reflecting a CAGR of 20% across the assessment period (2019 to 2025).

Increasing sales of smartphones is one of the major drivers of the vision processing unit market. In addition, rising application of augmented reality and virtual reality in online gaming industry is also projected to lead the augmentation of the market in the nearby future. The growth of the online gaming industry is projected to boost revenue generation for the players in the vision processing unit market. Rising demand for advanced security and surveillance is also assessed to catapult the vision processing unit market on upward trajectory. The demand for real-time video processing is growing for numerous applications. This factor is supposed to boost proliferation of the vision processing unit market in the upcoming years.

The advancements in microprocessor manufacturing are likely to reduce the cost of video processing units. This, in turn, is assessed to drive the growth of the vision processing unit market in the coming years. Increasing applications of drones are also projected to catalyze the growth rate of the vision processing unit market in the years to come. However, complexities in integration are prognosticated to restrain the growth of the vision processing unit market in the foreseeable future.

Market Segmentation

On the basis of type, the vision processing unit market has been segmented into ADAS, drones, AR/VR, cameras, wearables, smartphones, and robotics. Among these, the drones segment is assessed to hold a significant share of the market. It can be accredited to the exponential demand for drones. The product has gained a quick mileage and has found application in the defense sector, which is supposed to impact the vision processing unit market positively.

On the basis of end-user, the vision processing unit market has been segmented into automotive, consumer electronics, security and surveillance, and others. Among these, the security and surveillance segment is projected to strike the highest CAGR across the evaluation period. Rising security concerns are projected to drive the growth of the segment in the upcoming years. Also, the development of new products for the purpose is also projected to augment the segment over the next few years.

Regional Analysis

The geographical evaluation of the vision processing unit market is covered for the regions, such as Europe, North America, Asia-Pacific, and the Rest of the World (RoW). These regional segments are then further assessed on the basis of countries for gaining a deeper insight. North America is supposed to account for a significant share of the market. It is because of the rising applications such as surveillance, drones, smartphones, etc. Europe is also prognosticated to have a substantial market share. Asia Pacific, on the other side, is anticipated to register the fastest growth rate. Increasing penetration of smartphones is assessed to drive the growth of the regional vision processing unit market in the region.

More Information@ https://www.marketresearchfuture.com/reports/vision-processing-unit-market-8177