Market Synopsis
Global Vision Processing Unit Market is expected to grow from USD 1.4 Billion in 2018 to a projected USD 3.8 Billion by 2025 at an impressive CAGR of 20%.
Market Highlights
Expanding interest for energy-effective blowers, expanding energy utilization and growing liquefaction offices internationally are key drivers of the modern air blower market. Around 70% of producers utilize packed air for security and comfort in machine instruments, shower painting, material taking care of and partition hardware. These blowers can likewise work where fire dangers and blasts are confining different types of energy, and rising interest for very good quality figuring capacities for PC and machine vision. The rising security worries all over the planet and the expanding utilization of cutting edge high-power processors for continuous monitoring are a few different elements driving interest for cutting edge VPU-coordinated observation cameras. Brilliant observation cameras can share just brief recordings, even subsequent to identifying genuine dangers requiring human inclusion. VPU execution permits cameras to wisely distinguish dangers by keeping away from bogus up-sides, which guarantee smooth sharing of information. Expanding interest for premium cell phones because of cutting edge elements, for example, more noteworthy security, low inactivity, quicker processing and less network are probably going to help the reception of devoted AI chips.
The Vision Processing Unit Market is driven essentially by the developing multiplication of premium cell phones, developing edge AI reception and the interest for PC and machine vision top of the line figuring capacities. Expanding interest for premium cell phones is probably going to support the reception of committed AI chips because of cutting edge highlights, for example, low inertness, higher security, quicker processing and less dependence on connectiveness. Expanding familiarity with guaranteeing public wellbeing through compelling supervision drives the requirement for constant checking and high limit with respect to processing. VPUs assume an imperative part in assessing the photographs and recordings gathered to give immaculate subtleties to preparatory demonstrations.
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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).
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.
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