The Global Vision Processing Unit Market is slated to grow from USD 1.4 billion in 2018 to a anticipated USD 3.8 Billion by 2025 at an impressive CAGR of 20%.
Market Highlights
Increasing demand for energy-efficient compressors, increasing energy consumption and expanding liquefaction facilities globally are key drivers of the industrial air compressor market. Around 70 per cent of manufacturers use compressed air for safety and convenience in machine tools, spray painting, material handling and separation equipment. These compressors can also work in places where fire hazards and explosions are restricting other forms of energy, and rising demand for high-end computing capabilities for computer and machine vision. The rising security concerns around the globe and the increasing use of advanced high-power processors for real-time monitoring are some other factors driving demand for advanced VPU-integrated surveillance cameras. Smart surveillance cameras can share only short videos, even after detecting serious threats requiring human involvement. VPU implementation allows cameras to intelligently identify threats by avoiding false positives, which ensure smooth sharing of data. Increasing demand for premium smartphones due to advanced features such as greater security, low latency, faster computing and less connectivity are likely to boost the adoption of dedicated AI chips.
The market is driven primarily by the growing proliferation of premium smartphones, growing edge AI adoption and the demand for computer and machine vision high-end computing capabilities. Increasing demand for premium smartphones is likely to boost the adoption of dedicated AI chips due to advanced features such as low latency, higher security, faster computing and less reliance on connectiveness. Increasing awareness of ensuring public safety through effective supervision drives the need for real-time monitoring and high capacity for processing. VPUs play a vital role in evaluating the photos and videos collected to provide impeccable details for precautionary acts.
Segmentation
- By type, the market has been segmented into drones, ADAS, smartphones, cameras, AR/VR, robotics, and wearables.
- By end users, the market are automotive, consumer electronics, security and surveillance, and others.
Leading Key Players in Vision Processing Unit Market are:
- Samsung Electronics Co. Ltd (South Korea)
- Movidius (US)
- Cadence Design Systems Inc. (US)
- CEVA Inc. (US)
- Texas Instruments (US)
- Lattice Semiconductor (US)
- NXP Semiconductor (Netherlands)
- HiSilicon Technologies (China)
- Alphabet Inc. (US)
- MediaTek Inc. (Taiwan)
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