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Vision Processing Unit Market by Application, Vertical And Geography - Global Forecast to 2023

Vision Processing Unit Market: Global Forecast until 2023

  • January 2018
  • 120 pages
  • ID: 5304231
In this report:
The UK is expected to account for a share of ##.##% of the European vision processing unit market in 2017 because it holds a large market share for surveillance cameras, wearable devices, and autonomous cars since the UK is a leading country wherein the connected autonomous vehicle (CAV) technology has been adopted.
The VPU market for the drones application is expected to witness a shipment of ##.## million units by 2023, growing at the highest CAGR of ##.##% during the forecast period.

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Vision processing unit market intended to grow at a CAGR (Compound annual growth rate) of ~41.3 percent between 2018 and 2023

The vision processing unit market is forecasted to grow from $168.20M in 2018 to $946.00M by 2023, increasing at a compound annual growth rate (CAGR) of ~41.3 percent between 2018 and 2023. The increase of this market is mainly influenced by the growing demand for high computational capability, increasing demand for computer vision applications, growing adoption of artificial intelligence and machine learning technologies, and increasing need for ASICs.

There has been considerable increase in the industry demand for small and power-efficient vision processors that can be used in small devices and are capable of processing complex algorithms at the source of generation of data itself. The capacity of real-time decision-making would reduce the dependence on the connectivity and cloud for complex and faster decision-making, ideal for applications including drones, autonomous vehicles, and surveillance cameras. The main restraint for the vision processing unit market rise is the high capability of GPUs and CPUs for industrial vision systems.

Automotive vertical anticipated to grow at the quickest rate in the vision processing unit market

The industry for the automotive vertical is anticipated to grow at the quickest rate in the upcoming future. The automotive vertical is more inclined toward mass production, mass marketing, and mass consumption to benefit a challenging advantage over peers. VPUs have been gaining momentum in the automotive sector due to the rising integration of VPUs in advanced driver assistance systems that help automate, adapt, or enhance automotive vehicles to rise safety and enhance the driving experience

Market in Asia-Pac likely to grow at the maximal rate during the outlook period

Asia-Pacific forecasted to grow at the highest compound annual growth rate (CAGR) between 2018 and 2023. Asia-Pac is one of the most important industries for smartphones, surveillance cameras, and wearable devices, and vision processing units are integrated with these devices to accelerate machine vision their tasks.

The growing adoption of autonomous vehicles, drones, and wearable devices in North America (NA) is anticipated to the drive the market for VPUs in the territory. The UK and Germany (DE) are the main contributors to the increase of the vision processing unit market in Europe (EU) as this area is one of the biggest sectors for drones, autonomous vehicles, and commercial robots.

Breakdown of the profiles of primary members taking part:

• By Organization: Tier 1 = 55 %, Tier 2 = 30.0 percent, and Tier 3 = 15.0 percent

• By Description: C-suite executives = 50.0 percent, Directors = 25.0 percent, and Managers = 25.0 percent

• By Area: North America continent = 35.0 percent, EU = 25.0 percent, Asia-Pacific = 30.0 percent, and RoW = 10.0 percent

Segment Research

In this business report, the vision processing unit market has been split on the basis of application (drones, surveillance cameras, autonomous vehicles, smartphones, digital cameras, domestic and commercial robots, and wearable devices), by vertical (aerospace and defense, client, commercial, healthcare, and automotive), and area. The market research also includes the forecast of the market sizes for 4 main regions-North America, Europe (EU), Asia-Pac, and RoW.

Why acquiring this study can help you

The analysis would benefit the market top players/new sector entrants in this sector in these ways.

1. This document breaks down the vision processing unit market comprehensively and offers the closest approximations of the global market size and those of the subsegments across several verticals and localities.

2. The market research would benefit partners distinguish the pulse of the sector and offer them with the info on key market drivers, market restraints, opportunities, and alternatives associated to the market.

3. This industry report would benefit partners comprehend their players better and acquire additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, launches of new product and advancements, and strategic agreements and collaboration carried out in the sector.

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