Image Processor Market to Witness Significant Growth until 2027

An image processor is a dedicated signal processing circuit which used for the purpose of extracting useful information from an image by performing some suitable operation on it. The main uses of an image processor are image sharpening & restoration, visualization, image retrieval, measurement of pattern and image recognition. Image processor or media processor is one of the most important components in image processing operation. It is widely used in digital cameras, smartphones, tablets, etc. Other significant function of image processors includes Bayer transformation, noise reduction, and image sharpening.

The digital image processing engine is capable of performing a varied range of tasks. In order to enhance the system integration on embedded devices, it is often embedded as a system on a chip with multi-core processor design. It is also used to collect and analyze data in real time. The ongoing development in field of image processing is expected to replace the traditional text with images, 3-D images and real time video during the forecast period. Also, the recent development of sophisticated three dimensional sensors is creating a positive impact on the market.

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The advantageous features offered by image processor such as faster and cost-effective processing of images is driving market growth. Also, image processor makes fixing and retouching of images easier. It is more ecological to process images since, no processing or fixing chemicals are needed while capturing and processing digital images. Further, increasing use of image processing techniques in the medical diagnosis, disease monitoring and treatment of disease is favoring market growth. However, such technologically advanced image processors are limited mainly to the economically developed regions due to high cost and lack of awareness regarding its functionality. This is acting as a major restraint to market growth. But the emergence of new business class individuals and rise in disposable income among the middle class population in emerging geographies is paving way for new market opportunities. Image processing methods are becoming increasingly sophisticated and the trend is to develop as much automation as possible.

The image processor market can be segmented on the basis of processing method, image type, technology, end-use, and geographically. Based on image processing method, the market can be segregated into analog and digital image processor. Furthermore, it is classified by image type as one dimensional, two dimensional and three dimensional. By technology, the market is segmented into multiple instruction, multiple data (MMID) and single instruction, multiple data (SMID) technologies. The various end-use segments of the market include camera device, AR/VR devices, mobile phones, smart phones, tablets and others. The global image processor market is studied for five geographic regions namely- North America, Europe, Asia Pacific, Middle East & Africa and South America. Among various regions, North America is forecasted to dominate the global image processor market due to early technological advancement in field of image signal processing. Asia Pacific region is projected to be among fastest growing regions while Europe is likely to witness moderate growth in the image processor market.

Among the two image processor technologies, MIMD technology is expected to hold a large market share due to higher application areas compared to SIMD technology. By end-use segments, due to larger consumption digital cameras are predicted to contribute a significant market share. Some of the leading players driving the global image processor market are ST Microelectronics, Intel Corporation, Leica Camera AG, Fujitsu ltd., Sigma Corporation, Fujifilm, Casio Computer Co., Ltd., Canon Inc., Panasonic Corporation, Konica Minolta, Sony Corporation, HTC Corporation, Olympus Corporation, Nikon Corporation and Seiko Epson Corporation, among others.

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