Market Research Future (MRFR) in its “Vision Processing Unit Market” report, reveals that the worldwide market size of vision processing unit market is anticipated to increase to USD 3.8 Billion by 2025 from USD 1.4 billion in 2018. MRFR also reveals that the vision processing unit market can progress at a lucrative CAGR of 20% in the years of assessment of 2018 to 2025.
Market Segmental Analysis
The vision processing unit market study is done by type and end-user. By type, the market is segmented into drones, ADAS, smartphones, cameras, AR/VR. Robotics, and wearables. By end user, the market is classified into consumer electronics, security and surveillance, automotive, and others. The other segment comprises manufacturing and military. The extensively use of VPU in modern electronics featuring video and image streaming capabilities, such as laptops, smartphones, and digital cameras to improve quality and productivity of processors are expected to propel the expansion of the market. The application of ADAS in the automotive industry is considered to be another cause for the market to surge.
Detailed Regional Study
The growing demand for specialized VPUs among the end-users in the North America is expected to surge the regional market. The robust technology base and improved economy of VPUs manufacturers in the region are likely to contribute to the expansion of the visual processing unit market in the region. The Europe market is likely to gain high revenue as investors are investing heftily in vision processing units manufacturing.
Market Key Players
Samsung Electronics Co. Ltd in South Korea, in the first quarter of 2019, released Exonys 9 series that finds high application in automobiles and smartphones.
In 2018, Movidius, in the US, is a subsidiary of Intel Corporation, launched Movidius Myriad 2 VPU especially for power-constrained devices.
Cadence Design Systems, Inc. is a prominent key player in the US that geared toward the making of vision processing units for artificial intelligence applications.
CEVA, Inc. (US)’s The CEVA XM 4 product is proving to be ideal for high performance for appliances with low energy consumption and is also programmable in high-level computer languages.
Texas Instruments (US), Lattice Semiconductor (US), NXP Semiconductor (Netherlands), HiSilicon Technologies (China), Alphabet, Inc. (US), MediaTek Inc. (Taiwan), and Inuitive (Israel) are some of the other important players operating in the global market of vision processing units that are mentioned by MRFR in the report.
Vision Processing Unit Market is likely to grow at a probable USD 3.8 billion by 2025 at an…
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