Vision Processing Unit Market Worth To Increase Valuation With Surging Investments By 2025
Vision Processing Unit Market Worth
Vision processing units (VPUs) are a kind of microprocessors that ease time and energy needs of CPUs by taking on image processing and video streaming tasks. Although, the technology is new, its increasing demand in integrated technology platforms and surge in the need for performance enhancement at low costs are expected to be the underlining causes for the vision processing unit market to surge. As a result of the growing focus on the development of microprocessor technology, advances in microprocessor manufacturing has lead in the lowering costs of production of visual processing units. In addition, the increase in need for decreasing processing loads on CPUs is also expected to encourage the market growth. The increase in the adoption of vision processing units in autonomous vehicles can prompt the expansion of market of the visual processing units due to enhanced safety offered by them. The application of VPUs in the highly competitive smartphone market and the drastic cut-off in power consumption by these devices due to the same can encourage growth of the market. On the downside, mounting complexities in integration and the governance of visual processing speed by video stream input speed can restrict the market expansion.
Market Segmental Analysis
The vision processing unit market study is done by type and end-user. By type, the market is segmented into drones, ADAS, smartphones, cameras, AR/VR. Robotics, and wearables. By end user, the market is classified into consumer electronics, security and surveillance, automotive, and others. The other segment comprises manufacturing and military. The extensively use of VPU in modern electronics featuring video and image streaming capabilities, such as laptops, smartphones, and digital cameras to improve quality and productivity of processors are expected to propel the expansion of the market. The application of ADAS in the automotive industry is considered to be another cause for the market to surge.
Market Key Players
Samsung Electronics Co. Ltd in South Korea, in the first quarter of 2019, released Exonys 9 series that finds high application in automobiles and smartphones.
In 2018, Movidius, in the US, is a subsidiary of Intel Corporation, launched Movidius Myriad 2 VPU especially for power-constrained devices.
Cadence Design Systems, Inc. is a prominent key player in the US that geared toward the making of vision processing units for artificial intelligence applications.
CEVA, Inc. (US)’s The CEVA XM 4 product is proving to be ideal for high performance for appliances with low energy consumption and is also programmable in high-level computer languages.
Texas Instruments (US), Lattice Semiconductor (US), NXP Semiconductor (Netherlands), HiSilicon Technologies (China), Alphabet, Inc. (US), MediaTek Inc. (Taiwan), and Inuitive (Israel) are some of the other important players operating in the global market of vision processing units that are mentioned by MRFR in the report.
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