Global Vision Processing Unit Market to Grow at 17% CAGR through 2025, North America to be the Largest Market

A new research study titled “Vision Processing Unit Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the business intelligence study, the global vision processing unit market is likely to grow at nearly 17% CAGR through 2025.

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According to the report, demand for vision processing units is driven by increasing adoption of these systems in consumer electronics, healthcare, manufacturing, and automotive. These units are primarily used for inspection and quality check purposes, and as demand for high-quality products continues to witness growth, adoption is likely to witness an increase.

In addition to automobiles and manufacturing industries, demand for vision processing units is also likely to witness an increase on account of booming smartphone sales. Use of vision processing units in smartphone results into low power consumption and longer battery life. The innovation in terms of technology upgrades, and launch of novel products in the market is also likely to provide an impetus to growth during the assessment period.

The vision processing unit marketplace continues to be highly fragmented, and many market participants forge alliances with regional players and stakeholders in the supply chain to consolidate their position. The growing pervasiveness of automation in the automotive industry is influencing vision processing unit manufacturers to invest in development of advanced technologies.

The key application segments of vision processing unit market include smartphones, wearable devices, automobiles, and medical devices. According to the research study, demand for vision processing units is the highest in smartphones, as demand is growing at a brisk pace in China and India. Among all the application segments of vision processing units, demand will largely remain concentrated in consumer electronics segment. The consumer electronics segment is likely to witness steady growth in the next decade or so, and this is likely to create opportunities for vision processing units in the future. The automotive segment is likely to witness a CAGR of nearly 18% during the assessment period.

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The research study also profiles the market on the basis of region, and opines that Asia Pacific will continue to be one of the most attractive markets for vision processing units globally. In addition to Asia Pacific, North America is likely to retain its position as the largest market on the basis of revenue share.

The research study also profiles the key developments, announcements, and strategies of some of the leading players in the vision processing unit market. Some of the leading players in the market include Active Silicon, Synopsys, Inc., Movidius, Inc., MediaTek, Inc., Cadence Design Systems, Inc., Lattice Semiconductors, Imagination technologies Limited, NXP semiconductors, Ceva Inc., VeriSilicon Ltd.

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This release was published on openPR.