Global Vision Processing Unit Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Vision Processing Unit Market is estimated to be USD 2.67 Bn in 2023 and is expected to reach USD 6.26 Bn by 2028 growing at a CAGR of 18.57%.

Market Dynamics

A vision processing unit (VPU) is a microprocessor that uses machine learning and artificial intelligence technologies to create high-quality pictures connected to their immediate environment and consume less power. It is a specialized processor designed to help collect, process, analyze, and comprehend digital photos. Furthermore, it is utilized to recognize an item's memory and supply CPU and GPU components by increasing the system's overall speed and aiding in visualizing the object in all three dimensions.

The Vision Processing Unit Market is expected to grow due to the increasing use of machine vision systems across a wide variety of industry verticals such as automotive, consumer electronics, healthcare, and manufacturing. The growing use of VPU in smartphones leads to lower power consumption and longer battery life. VPUs are also employed in wearable cameras used for surveillance by police and security forces and in medical professions by doctors to oversee the medical process when treating a patient. As a result, the market is expected to develop due to an increase in demand for low power consumption systems on chip (SoC) circuits used in various applications. Furthermore, smartphone visual processing units provide the user with an exceptional photography experience, which drives smartphone makers to offer high services in dual-camera versions that give the user DSLR-like picture quality. As a result, all of these factors are expected to favorably impact the growth of the worldwide Vision Processing Unit Market.

Certain restrictions and hurdles will be encountered, limiting market expansion. The availability of high-capacity CPUs and GPUs, for example, is constraining industry development. Furthermore, the complexity involved with the system's programming on which VPU is integrated is projected to stifle growth during the projection period.

Market Segmentation

• The Global Vision Processing Unit Market is segmented further based on Vertical, Fabrication Process, End-Use Application, and Geography.
• By Vertical, the market is classified into consumer electronics, Security and surveillance, Automotive, and Others.
• By Fabrication Process, the market is classified into ≤16 nm & >16-28 nm.
• By End-Use Applications, the market is classified into Drones, Cameras, AR/VR, and ADAS.
• By Geography, America is projected to lead the market.

Recent Developments

1. Active Silicon and Solid State embark on a new chapter - 1st Mar 2021
2. Cadence Completes Acquisition of NUMECA -24th Feb 2021
3. Intuitive Acquires Orpheus Medical to Expand Informatics Platform for Hospitals - 10th Feb 2020

Company Profiles

Some of the companies covered in this report are Active Silicon, Ceva, Inuitive, Ikalogic, Morpho, Neurala, SenseTime, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Vision Processing Unit Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market