FeedingTrends
Vision Processing Unit Market Current Trends 2023-2030
7 months ago
3 min read

Vision Processing Unit Market Current Trends 2023-2030

A vision processing unit (VPU) is a kind of microprocessor that makes use of machine learning and artificial intelligence technologies to produce high resolution images in respect of ambient light, i.e., related to immediate surroundings as well as consumes less power. In addition, it is also used for identifying the memory of an object, providing CPU and GPU components by improving the overall performance of the system, which helps in visualizing the object in all three dimensions. It is a specialized processor that is made to support tasks such as acquiring, processing, analyzing, and understanding digital images.

The vision processing unit market is expected to witness growth from 2023 to 2030 due to increase in adoption of machine vision systems across wide range of industry verticals including consumer electronics, automotive, healthcare, and manufacturing among others. The growing use of VPU in smartphones results in low consumption of power and increased battery life. VPUs are also used in wearable cameras that are used by police personnel & security forces for surveillance and in medical fields by the doctor to supervise the medical process when treating a patient. Thus, growth in demand for low power consumption system on chip (SoC) circuits that find varied applications is expected to propel the growth of the market.

Make Purchase Inquiry: https://www.alliedmarketresearch.com/request-toc-and-sample/5888

In addition, vision processing units are also used in smartphones for giving an exceptional photography experience to the user, which forces smartphone manufactures to deliver high services in dual camera models that facilitates user with DSLR like image quality. Thus, all these factors are highly responsible for the vision processing unit market growth.

The factors such as increase in adoption of smartphones, rise in demand for high-end computing capabilities for computer and machine vision, and growth in government stringent regulation toward mission vision systems across various industry verticals drive the growth of the vision processing unit market. However, the complexity associated with the programming of the system on which VPU is incorporated is expected to restrain the market growth in the coming years. Nonetheless, emergence of autonomous cars, increase in need for machine vision system in industrial applications, and incorporation of several innovative and technologically advanced products are anticipated to provide lucrative opportunities for the market growth.

The key players operating in the vision processing unit industry include Samsung, NXP Semiconductor, Movidius, Cadence, Mediatek, Ceva, Imagination Technologies, Google, Lattice Semiconductor, and Texas Instruments. These companies bring various vision processing unit technologies that act smartly and coordinate with all the components like in one, do product launching by enhancing their product portfolio along with that make collaboration, partnership, and contracts with other companies for expansion. These strategies help these companies to penetrate the market.

KEY BENEFITS FOR STAKEHOLDERS

  • This study includes the analytical depiction of the global vision processing unit market along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information regarding the key drivers, restraints, and opportunities.

  • The current market is quantitatively analyzed from 2023 to 2030 to highlight the financial competency of the industry.

  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

KEY VISION PROCESSING UNIT MARKET SEGMENTS

By Application

  • Smartphones

  • ADAS

  • Camera

  • Drones

  • AR/VR Products

By End Use

  • Consumer Electronics

  • Automotive

  • Security & Surveillance

By Region

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany 

    • France

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Rest of Asia-Pacific

  • LAMEA

    • Latin America

    • Middle East

      • Africa

Appreciate the creator