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Vision Processing Unit Market 2018 by Business Overview & Global Development Trends - Forecast to 2023

Press Release   •   Jan 31, 2018 01:04 EST

Study papers on Vision Processing Unit market and regional forecast. Vision Processing Unit market players are MediaTek (Taiwan), Cadence Design Systems (US), CEVA (US), Synopsys (US), Movidius (US), Inuitive (Israel), Lattice Semiconductor (US), VeriSilicon (China), Imagination Technologies (UK).

Download Brochure of Vision Processing Unit Market spread across 118 pages, Profiling 10 Companies and Supported with 34 Tables and 31 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1323322

vision processing unit market is estimated to grow from USD 168.2 million in 2018 to USD 946.0 million by 2023, growing at a CAGR of 41.26% between 2018 and 2023. The growth of this market is mainly driven by the increasing demand for high computational capability, growing demand for computer vision applications, rising adoption of artificial intelligence and machine learning technologies, and rising need for ASICs. There has been considerable growth in the demand for small and power-efficient vision processors that can be used in small devices and are capable of processing complex algorithms at the source of generation of data itself. The capacity of real-time decision-making would reduce the dependence on the connectivity and cloud for complex and faster decision-making, ideal for applications such as drones, autonomous vehicles, and surveillance cameras. The major restraint for the vision processing unit market growth is the high capability of GPUs and CPUs for industrial vision systems.

Target Audience:

  • Semiconductor and electronic component manufacturers and distributors
  • IC manufacturers
  • Software providers
  • Electronic design automation (EDA) and intellectual property (IP) core vendors
  • Healthcare organizations
  • Raw material and manufacturing equipment suppliers
  • Original equipment manufacturers (OEMs)
  • ODM and OEM technology solution providers
  • Electronic and consumer electronic product manufacturers
  • Technology standards organizations, forums, alliances, and associations
  • Government bodies, venture capitalists, and private equity firms

APAC expected to grow at the highest CAGR between 2018 and 2023. APAC is one of the largest markets for smart phones, surveillance cameras, and wearable devices, and vision processing units are integrated with these devices to accelerate machine vision their tasks. The increasing adoption of autonomous vehicles, drones, and wearable devices in North America is expected to the drive the market for VPUs in the region. The UK and Germany are the major contributors to the growth of the vision processing unit market in Europe as this region is one of the largest markets for drones, autonomous vehicles, and commercial robots.

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The market for the automotive vertical is expected to grow at the fastest rate in the near future. The automotive vertical is more inclined toward mass production, mass marketing, and mass consumption to gain a competitive advantage over peers. VPUs have been gaining momentum in the automotive sector due to the increasing integration of VPUs in advanced driver assistance systems (ADAS) that help automate, adapt, or enhance automotive vehicles to increase safety and enhance the driving experience.

Competitive Landscape

1 Overview
2 Competitive Scenario
2.1 Product Launches and Developments
2.2 Partnerships, Agreements, and Collaborations
2.3 Acquisitions

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In this report, the vision processing unit market has been segmented on the basis of application (drones, surveillance cameras, autonomous vehicles, smart phones, digital cameras, domestic and commercial robots, and wearable devices), by vertical (aerospace and defense, consumer, commercial, healthcare, and automotive), and geography. The study also covers the forecast of the market sizes for 4 main regions—North America, Europe, APAC, and RoW.

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