Vision Processing Unit Market Subjected to Expand to Showcase Rampant Growth by 2025
Market Synopsis
The Global Vision
Processing Unit Market is slated to grow from USD 1.4 billion in
2018 to a anticipated USD 3.8 Billion by 2025 at an
impressive CAGR of 20%.
Market Highlights
Increasing demand for energy-efficient
compressors, increasing energy consumption and expanding liquefaction
facilities globally are key drivers of the industrial air compressor market.
Around 70 per cent of manufacturers use compressed air for safety and
convenience in machine tools, spray painting, material handling and separation
equipment. These compressors can also work in places where fire hazards and
explosions are restricting other forms of energy, and rising demand for
high-end computing capabilities for computer and machine vision. The rising
security concerns around the globe and the increasing use of advanced
high-power processors for real-time monitoring are some other factors driving
demand for advanced VPU-integrated surveillance cameras. Smart surveillance
cameras can share only short videos, even after detecting serious threats
requiring human involvement. VPU implementation allows cameras to intelligently
identify threats by avoiding false positives, which ensure smooth sharing of
data. Increasing demand for premium smartphones due to advanced features such
as greater security, low latency, faster computing and less connectivity are
likely to boost the adoption of dedicated AI chips.
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The Vision Processing Unit
Market is driven primarily by the growing
proliferation of premium smartphones, growing edge AI adoption and the demand
for computer and machine vision high-end computing capabilities. Increasing
demand for premium smartphones is likely to boost the adoption of dedicated AI
chips due to advanced features such as low latency, higher security, faster
computing and less reliance on connectiveness. Increasing awareness of ensuring
public safety through effective supervision drives the need for real-time
monitoring and high capacity for processing. VPUs play a vital role in
evaluating the photos and videos collected to provide impeccable details for
precautionary acts.
Segmentation
By type, the market
has been segmented into drones, ADAS, smartphones, cameras, AR/VR, robotics,
and wearables.
By end users, the
market are automotive, consumer electronics, security and surveillance, and
others.
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Regional Overview
The geographical
overview of the global vision processing unit market has been conducted in four
major regions, including the Asia Pacific, North America, Europe, and the rest
of the world.
North America, being an early adopter of
emerging technology, has incorporated the AI-enabled products in the current
IoT system network. The area has enormous potential for growth for luxury goods
such as smartphones, and the use of drones and cameras for surveillance
applications. In addition , the rise in the use of VPUs in unmanned aerial
vehicles ( UAVs), security and surveillance cameras, and automobiles, among
other areas of application, is driving market growth in North America. Growing
demand for specialized VPUs, robust technology infrastructures and a
manufacturing-friendly economy of this device ensure the dominance of the
regional market during the forecast period.
Although not as
economically viable as its North American counterpart, the European market
invests more in integrating the current technology with vision processing
units, leading to the manufacture of these devices for use by companies.
Asia-Pacific, a fast-growing market, is the world's leading
smartphone producer, where vision processing units are increasingly being used
to boost the end product's value.
Key Players
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).
About Market
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