openPR Logo
Press release

Vision Processing Unit Market is projected to expand significantly at the CAGR of CAGR of 16.93% from 2017 to 2025

08-03-2018 04:31 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Vision Processing Unit Market is projected to expand

Vision Processing Unit (VPU) refers to a dedicated processor which produces high quality of images with ambient light and also reduces the power consumption by freeing up the CPU and GPU space thereby improving the overall performance of the system in which it is implemented. The Vision Processing Unit (VPU) market is primarily driven by the increasing adoption of machine vision systems across wide range of industry verticals including consumer electronics, automotive, healthcare, and manufacturing among others. Additionally, the advent of Artificial Intelligence (AI) and machine learning technologies required to program the systems is expected to assist the growth of the market.

Various robots having vision capabilities are increasingly being implemented across the manufacturing and automobile industries for various purposes which include inspection of the products, quality check, assisting in the various stages of production, and security and surveillance among others. Furthermore, the growing developments in the automobiles particularly, the autonomous vehicles is anticipated to impact the market positively. Machine Vision systems are used in the automobiles as a part of advanced driver assistance system (ADAS) which leads to improved safety while travelling.

ADAS systems keep the driver aware while driving by giving inputs such as nearby vehicles, automatic braking systems, providing alerts pertaining to any objects, pedestrians, or vehicles nearby and so on. The implementation of vision processing units across all the above mentioned applications will result in high quality of images and ensure the better performance of the system. Vision processing units also are increasingly being used in smartphones for giving an exceptional photography experience to the user. It can be seen that a large number of smartphone manufacturers are launching dual camera models to give the user with a DSLR like image quality.

Get PDF Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40118

The use of VPU in smartphones results in low consumption of power and increased battery life. VPUs are also used in wearable cameras which are used by adventure enthusiast, police personnel and security forces for surveillance, and in medical fields by the doctor to document the medical procedures being performed on the patient. Thus, the growing demand for low power consumption system on chip (SoC) circuits which find varied applications is expected to propel the growth of the market.

However, the complexity associated with the programming of the system on which VPU is incorporated is likely to be a limiting factor for the market growth in the coming years. Nonetheless, Vision Processing Unit market is expected to witness several innovative and technologically advanced products in the coming years.
vision processing unit market

Depending on application, the global VPU market has been segmented into smartphones, digital cameras, automobiles, wearable devices, drones, robots, and medical devices. In 2016, the smartphone segment was the highest revenue generating segment. Vision processing units are increasingly being used in smartphones to improve their photography capabilities and increase the functionality of the cameras which is fuelling the growth of the market. The smartphone segment is estimated to grow at CAGR of 16.95 % over the forecast period from 2017 to 2025.

Download TOC@ https://www.transparencymarketresearch.com/report-toc/40118

Based on the end use verticals, the market has been divided into consumer electronics, automotive, industrial, and healthcare and others. In 2016, the consumer electronics segment was the topmost revenue generating segment owing to the increased implementation of VPUs in electronic devices such as smartphones, wearable devices, digital cameras, drones where low power consumption is a primary concern.

Furthermore, the automotive segment is also expected to witness a healthy growth owing to the large scale adoption of electronics in the automobiles for infotainment, driver assistance systems, and the extensive developments taking place in autonomous vehicles. The consumer electronics segment is expected to grow at CAGR of 16.86% over the forecast period from 2017 to 2025.

In terms of global geography, the market has been divided into North America, Europe, Asia Pacific, Middle East & Africa and South America. In 2016, North America was the topmost revenue generating region followed by Europe. Asia Pacific region is expected to grow at highest CAGR from 2017 to 2025 owing to the bolstering growth in the automotive and electronics industry. Asia Pacific region is expected to grow at a CAGR of 19.08% over the forecast period.

Preview Report @ https://www.transparencymarketresearch.com/vision-processing-unit-market.html

The key trends prevalent in the Vision Processing Unit market are the strategic alliances of established as well as small players with their peers in the semiconductor segment in order to establish footprint in the vision processing and machine vision space and gain greater share globally. Many developments are taking place in the automobile industry for making the automobiles smarter which will drive the growth of Vision Processing Unit market. Also, major players in the electronics space are working for the innovation and development of technologically advanced products for better efficiency, operation and reliability of the systems in which they are implemented.

The global vision processing unit market is expected to witness innovative products and M&A by major market players in order to establish footprint in the machine vision space and gain an increased market share. For instance, In August 2017, Movidius launched its new vision processing unit (VPU), Myriad X, which is the world’s first system-on-chip (SOC) with a reliable Neural Compute Engine to enhance the deep learning inferences at the edge.

The key players profiled in the global Vision Processing Unit market include Movidius, Inc., Synopsys, Inc., MediaTek, Inc., Imagination technologies Limited, Ceva Inc., VeriSilicon Ltd among others. In a bid to stay ahead of the competition, it can be seen that the key players are entering into mergers and acquisition deals with the peers as well as smaller players. For instance, CEVA Inc. signed a sales deal in January 2018 with ASR Microelectronics which is a prominent semiconductor firm to supply its licensed technologies. ASR Microelectronics will incorporate these technologies in its upcoming system-on-chip (SoC) products for smartphones and narrowband IoT (NB-IoT) edge devices.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vision Processing Unit Market is projected to expand significantly at the CAGR of CAGR of 16.93% from 2017 to 2025 here

News-ID: 1162183 • Views: 226

More Releases from Transparency Market Research

Craft Spirits Market Advancements, Evolving Industry Trends and Insights 2019 …
The domestic production of liquor, through the process of fermentation and distillation, encompassed the global craft spirits market. They are typically produced in a specified production volume, and the norm is below a standard of 750,000 gallons. Licensed distillers having independent operations with operational control from an alcoholic beverage vendor, and less than 25% capital investment, can produce craft spirits. The global craft spirits market, though at a nascent stage
Hemp Protein Market Popular Trends advancements to Watch Out for Near Future; Gl …
Hemp protein is a plant-based product, extracted from the seeds of the hemp plant, Cannabis sativa L., and is used in some protein supplements and protein-enriched foods. It is confused with the Hemp and marijuana plants which closely related; however, hemp generally refers to varieties that are grown for food and industrial uses. Hemp plants contains very low concentration of the chemicals that give marijuana its psychoactive and intoxicating properties.
Global Silicone Defoamer Market to Reap Excessive Revenues by 2025
Silicone defoamers are chemically inert in nature and act as antifoaming agents in a much effective manner than organic antifoam agents. With these properties, silicone defoamers are commonly used by a number of end use industries including food and beverages, textiles, and pharmaceuticals. This can be attributed to the defects that is caused to the surface coating as a result of foams. When used as cleaners, polish, and detergents, silicone
Iron Oxide Pigments Market to Garner Brimming Revenues by 2025
The players within the global iron oxide pigments market are concentrating their efforts on organic growth strategies. The last few years have seen a heightened demand for these pigments which has resulted in players looking to capitalize on this trend. Many companies are also looking for expansion of their manufacturing facilities. For instance Lanxess has encompassed its milling and mixing plant to its existing pigment plant in Ningbo, China. Get

All 5 Releases


More Releases for Vision

Global Machine Vision and Vision Guided Robotics Market 2019 - Cognex, Teledyne …
The new market research study on Global Machine Vision and Vision Guided Robotics Market in-depth market analysis with specific segments such as application, regional markets, end-users, policy analysis, value chain structure, and emerging trends. The Machine Vision and Vision Guided Robotics market report makes a case for investments in particular regions based on a realistic view of their regulatory environment, manufacturing dynamics and availability of skills and resources.The report’s analysis
Dolphin’s global vision for accessibility
A UK technology company has travelled to India to share their technology for blind and low vision people with a wider audience. Dolphin Computer Access develops software to enable blind and visually impaired computer users to access technology in the same way as fully sighted users, and celebrates their 30 year anniversary this year. Over that time they have built a global network of users; from visually impaired individuals accessing computers
MVTec Presents HALCON USB3 Vision Interface and 3D Vision Technology
As of now, the new universal HALCON image acquisition interface for USB3 Vision is available. This interface will be presented by MVTec in a live demo at the SPS IPS DRIVES in November 2013 in Nuremberg. Furthermore, MVTec will showcase the 3D vision technology of HALCON 11. Key benefits of the new USB3 Vision Standard are the high bandwidth in excess of 350 MB/s and an easy-to-use plug and play
Modern Vision Innovations with the Omron FZ Vision Sensor Range
Learn the advantages of the Omron FZ Vision Sensor and Vision Sensor applications for modern automation and manufacturing. Application uses range from simple detection systems, to complete vision inspection control solutions to ensure company production lines are fault free. Vision inspection systems are used all over the world in the manufacturing and automation production processes for inspection, identification, measurement, tracking and counting to ensure quality control in many industries. Vision
MBP Today Vision and Mission
My Premier Business Today - What is the difference between someone who just merely dreams and someone who makes their dreams come true? It’s about having a dream and pursuing it with gusto until it comes to fruition! Working with us is not just about dreaming, it’s about pursuing those dreams and making them happen, no matter how big or small. Nothing is more powerful than an idea whose time has
EXECOM-Chess Joint Vision
EXECOM headquarters, Novi Sad, Serbia (November 22-23, 2007) – Working together and successfully delivering software projects, two European companies, EXECOM and Chess, have added greater value to their partnership. By presenting the company, customers’ expectations and software building process to the whole EXECOM team, Chess has shown respectably wide mindset. Outsourcing indeed requires full commitment of parties involved. “This is a great example of process improvement between business partners” said