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
The modern air blower market is being driven by rising interest for energy-productive blowers, rising energy utilization, and the development of liquefaction plants all over the planet. Around 70% of producers use compacted air in machine instruments, splash painting, material taking care of, and detachment gear for security and accommodation. These blowers can likewise be utilized in regions where fire dangers and blasts keep different wellsprings of energy from being utilized, as well as where there is a developing interest for top of the line processing abilities for PC and machine vision. Different elements supporting interest for cutting edge VPU-incorporated observation cameras are expanded security worries all over the planet and the expanding utilization of strong high-power CPUs for ongoing checking. Indeed, even in the wake of identifying significant dangers requiring human mediation, brilliant observation cameras can send brief recordings. The utilization of a VPU permits cameras to consequently perceive dangers while keeping away from bogus up-sides, guaranteeing smooth information transmission. The ubiquity of specific AI chips is projected to increment as interest for extravagance cell phones becomes because of cutting edge elements like superior security, diminished dormancy, faster figuring, and less network.
The development of extravagance cell phones, the reception of edge AI, and the interest for top of the line figuring capacities in PC and machine vision are driving the Vision Processing Unit Market Share patterns. Because of modern highlights like decreased idleness, higher security, speedier figuring, and less dependence on network, rising interest for extravagance cell phones is projected to advance the reception of committed AI chips. The developing attention to the significance of equipped supervision in shielding public security drives the interest for constant checking and processing limit. VPUs are basic in surveying the photographs and recordings gained to give exact data to precaution measures.
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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.
Regional Overview
The topographical outline of the worldwide vision processing unit market has been led in four significant districts, including the Asia Pacific, North America, Europe, and the remainder of the world.
North America, being an early adopter of arising innovation, has fused the AI-empowered items in the current IoT framework organization. The region has gigantic potential for development for extravagance products, for example, cell phones, and the utilization of robots and cameras for reconnaissance applications. What's more , the ascent in the utilization of VPUs in automated aeronautical vehicles ( UAVs), security and observation cameras, and autos, among different areas of use, is driving market development in North America. Developing interest for particular VPUs, vigorous innovation frameworks and an assembling well disposed economy of this gadget guarantee the predominance of the local market during the conjecture time frame.
Albeit not quite as financially practical as its North American partner, the European market puts more in coordinating the current innovation with vision processing units, prompting the assembling of these gadgets for use by organizations.
Asia-Pacific, a quickly developing market, is the world's driving cell phone maker, where vision processing units are progressively being utilized to help the finished result's worth.
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).
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The report "Vision Processing Unit Market End-Use Application (Smartphones, ADAS, Camera, Drones, AR/VR Products), Vertical (Consumer Electronics, Automotive, Security and Surveillance), Fabrication Process and Geography – Global Forecast to 2024", is estimated to grow from USD 1.3 billion in 2019 to USD 3.2 billion by 2024; it is expected to grow at a CAGR of 18.7%.
The market is mainly driven by the increasing adoption of premium smartphones, growing adoption of edge AI, and rising demand for high-end computing capabilities for computers and machine vision.
Increasing demand for premium smartphones due to the advanced features such as higher security, low latency, faster computing, and less reliance on connectivity is likely to boost the adoption of dedicated AI chips.
VPUs play a critical role in analyzing the captured images and videos to provide flawless information for precautionary actions.
North America to hold largest size of Vision Processing Unit Market during forecast period Being an early adopter of new technologies, North America has been adopting the AI-enabled products in the existing infrastructure of IoT devices.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
The growth sectors of the Vision Processing Unit Market are identified with precision for a better growth perspective.Regional Market AnalysisNorth AmericaThe North American vision processing unit market is currently the largest.
The players in North America have been pioneers of VPU technology and are focused on specialization to compete with low-cost manufacturers in Asia-Pacific.
The North American market is slated to maintain its lead for the duration of the forecast period.US: The presence of companies such as Movidius, Cadence Design Systems Inc., Texas Instruments, and Lattice Semiconductor in the US makes the country-level market the leader in the global vision processing unit market.
High manufacturing costs and a focus on state-of-the-art VPUs over robust and low-cost models are expected to restrain the growth for the market.
However, this may be offset by the emerging ADAS, drone, and other allied markets which would ensure steady demand for top-end VPUs.Canada: The Canadian market for VPUs is poised to grow, albeit at a smaller scale than its US counterpart.
However, manufacturing in France is limited due to the country’s strict labor laws, which restrains market growth.Asia-PacificThe market in Asia-Pacific is slated to be the fastest-growing during the forecast period.
Vision Processing Unit Market ReportThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Vision Processing Unit Market Report.
The growth sectors of the Vision Processing Unit Market Report are identified with precision for a better growth perspective.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.
Rising demand for advanced security and surveillance is also assessed to catapult the vision processing unit market on upward trajectory.
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.
However, complexities in integration are prognosticated to restrain the growth of the vision processing unit market in the foreseeable future.Market SegmentationOn the basis of type, the vision processing unit market has been segmented into ADAS, drones, AR/VR, cameras, wearables, smartphones, and robotics.
