Vision Processing Unit Market Size to Grow by USD 2.05 Bn at a CAGR of 20.07% | Chromatography segment is expected to witness lucrative growth | Technavio – QNT Press Release


NEW YORK, May 27, 2022 /PRNewswire/ — The Vision Processing Unit Market size is expected to grow by USD 2.05 billion with a YOY growth of 18.56% during the forecast period. The increased adoption of deep learning and AI is one of the primary drivers driving growth in the vision processing unit market. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.

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This market research report extensively covers Vision Processing Unit Market segmentations by the following:

  • Type – Consumer electronic, Automotive, Industrial, and Others
    • The chromatography segment’s visual processing unit market share will expand significantly. The consumer electronics market includes sales of VPU-integrated ICs to OEMs who make consumer electronics such AR and VR gadgets, consumer drones, smart cameras, and smartphones. The consumer electronics industry is developing due to the rising demand for such gadgets and the introduction of HMI technology on Internet of Things (IoT) devices.
  • Geography – North AmericaAPAC, Europe, South Americaand Middle East and Africa
    • APAC will account for 33% of the market’s growth. In APAC, China and Japan are the most important markets for vision processing units. The market in this region will increase at a quicker rate than the market in other regions.
    • Over the projected period, the visual processing unit market in APAC would benefit from rising demand for consumer electronic devices due to rising disposable income.

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Vision Processing Unit Market Dynamics

Market Driver

The increased adoption of deep learning and AI is one of the primary drivers driving growth in the vision processing unit market. AI enables computers to execute tasks that would normally need human intelligence, such as learning, reasoning, and problem-solving. AI acquires, analyses, and stores massive amounts of data in real-time. The government in several nations is working on AI development. The expanding usage of AI in consumer electronics, the increased deployment of robots in manufacturing, and the need to tackle numerous cybersecurity threats around the world are all driving the market forward .

Market Trend

A vision processing unit market trend that is predicted to have a beneficial impact in the coming years is the rising use of drones. Drones come with cameras and sonar sensors that are connected to the VPU. Drones may thus map and comprehend the environment. Regulatory agencies are giving some market vendors permission to establish commercial drone delivery services around the world. Many drone manufacturers are using VPU microprocessors in their products. According to Technavio, the increased use of drones in a variety of industries would boost demand for VPUs.

Market Challenge

The high cost of VPUs will be a major challenge for the visual processing unit market. Due to their high cost, VPUs are difficult to integrate with end-user industries such as consumer electronics, industrial, and automotive. VPUs are relatively new microprocessors. As a result, advanced design equipment, such as semiconductor production and test equipment, as well as intellectual property rights, are needed. Smartphones with VPUs are becoming more common. As a result, their price rises.

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Vision Processing Unit Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.07%

Market growth 2022-2026

$2.05 billion

Market structure

Fragmented

YoY growth (%)

18.56

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 33%

Key consumer countries

US, Canada, China, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alphabet Inc., Cadence Design Systems Inc., CEVA Inc., Fuzhou Rockchip Electronics Co. Ltd., GEO Semiconductor Inc., Huawei Technologies Co. Ltd., Imagination Technologies Ltd., Intel Corp., Inuitive Ltd., Lattice Semiconductor Corp. ., MediaTek Inc., Novatek Microelectronics Corp., NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., Shanghai Coolcore Microelectronics Co. Ltd., STMicroelectronics International NV, Synopsys Inc., Texas Instruments Inc., and VeriSilicon Microelectronics (Shanghai) Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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