Market Highlights
The industrial air compressor market is being driven by rising demand for energy-efficient compressors, rising energy consumption, and the expansion of liquefaction plants around the world. Around 70% of manufacturers utilise compressed air in machine tools, spray painting, material handling, and separation equipment for safety and convenience. These compressors can also be used in areas where fire risks and explosions prevent other sources of energy from being used, as well as where there is a growing demand for high-end processing capabilities for computer and machine vision. Other factors boosting demand for advanced VPU-integrated surveillance cameras are increased security concerns around the world and the increasing use of powerful high-power CPUs for real-time monitoring. Even after detecting major threats requiring human intervention, smart surveillance cameras can only send short videos. The use of a VPU allows cameras to automatically recognise threats while avoiding false positives, ensuring smooth data transmission. The popularity of specialised AI chips is projected to increase as demand for luxury smartphones grows due to advanced features such as improved security, reduced latency, quicker computing, and less connectivity.
The growth of luxury smartphones, the adoption of edge AI, and the demand for high-end computing capabilities in computer and machine vision are driving the vision processing unit market trends. Due to sophisticated features such as reduced latency, higher security, quicker computing, and less reliance on connectivity, rising demand for luxury smartphones is projected to promote the adoption of dedicated AI chips. The growing awareness of the importance of competent supervision in safeguarding public safety drives the demand for real-time monitoring and processing capacity. VPUs are critical in assessing the photos and videos acquired in order to provide precise information for preventative measures.
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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.
Regional Overview
The geographical overview of the global vision processing unit market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
North America, being an early adopter of emerging technology, has incorporated the AI-enabled products in the current IoT system network. The area has enormous potential for growth for luxury goods such as smartphones, and the use of drones and cameras for surveillance applications. In addition , the rise in the use of VPUs in unmanned aerial vehicles ( UAVs), security and surveillance cameras, and automobiles, among other areas of application, is driving market growth in North America. Growing demand for specialized VPUs, robust technology infrastructures and a manufacturing-friendly economy of this device ensure the dominance of the regional market during the forecast period.
Although not as economically viable as its North American counterpart, the European market invests more in integrating the current technology with vision processing units, leading to the manufacture of these devices for use by companies.
Asia-Pacific, a fast-growing market, is the world's leading smartphone producer, where vision processing units are increasingly being used to boost the end product's value.
Key Players
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), and Inuitive (Israel).
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