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Vision Processing Unit Market 2023- 2032: Business Outlook, Growth Rate, Global Trends And Major Players | Google LLC, Samsung Electronics Co Ltd., Intel Corporation, Qualcomm Incorporated., Texas Instruments Incorporated
The Business Research Company's Vision Processing Unit Global Market Report 2023 identifies An increase in smartphone adoption as the major driver for the Vision Processing Unit Market's growth in the forecast period. A smartphone refers to a cellular phone with a built-in computer and other functionality not previously present in phones, such as an operating system (OS), web browsing, and the ability to run software programs. The vision processing unit aids in enhancing features like facial recognition and gesture control on smartphones.
The global vision processing unit market is expected to grow from $2.04 billion in 2022 to $2.43 billion in 2023 at a compound annual growth rate (CAGR) of 19.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vision processing unit market is expected to reach $4.73 billion in 2027 at a CAGR of 18.1%.
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Major competitors in the vision processing unit market are Google LLC, Samsung Electronics Co Ltd., Intel Corporation, Qualcomm Incorporated., Texas Instruments Incorporated, MediaTek Inc., Renesas Electronics, Synopsys Inc., Cadence Design Systems Inc, Xilinx, HiSilicon Technologies Co Ltd., Himax Technologies, Socionext Inc., Myriad Group, Lattice Semiconductor Corp, Imagination Technologies Limited, Rockchip Electronics Co. Ltd, Thundersoft, CEVA Inc., Cambricon Technologies, Blaize Inc., Ambarella Inc., VeriSilicon Inc., Horizon Robotics, Nextchip Co Ltd., Movidius, Inuitive, NXP Semiconductors NV, Gyrfalcon Technology, Neurala Inc., and Hailo Technologies.
A key trend in the Vision Processing Unit Market includes product innovation. Major companies operating in the vision processing unit market are introducing innovative products to maintain their position in the market. For instance, in March 2023, Hailo, an Israel-based semiconductor manufacturing company, launched Hailo-15, a new vision processor unit for smart cameras at the edge. The vision processor offers high-performance video processing and analytics at the border and has numerous applications in manufacturing, smart cities, and retail settings. The onboard system-on-chip can execute up to 20 trillion operations per second while running cutting-edge deep learning models that enable AI inference using a neural network core. The YoloV5M6 object detection model can be processed by the HailoV15H chipset, a variant of the HailoV15 vision processor chipset with the highest performance metrics at a real-time sensor rate.
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The Vision Processing Unit Market is segmented -
By Fabrication Process: Less Than Or Equal To 16 NM, More Than 16 To 28 NM
By Application: Smartphones, Medical Devices, Digital Cameras, Drones, Robots, Autonomous Vehicles, Wearable Devices
By Vertical: Consumer Electronics, Automotive, Industrial, Healthcare, Other Verticals
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Vision Processing Unit Market.
The Business Research Company's "Global Vision Processing Unit Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Vision Processing Unit Market Include:
1. Executive Summary
2. Vision Processing Unit Market Characteristics
3. Vision Processing Unit Market Trends And Strategies
4. Vision Processing Unit Market - Macro Economic Scenario
5. Vision Processing Unit Market Segmentation
……
32. Global Vision Processing Unit Market Competitive Benchmarking
33. Global Vision Processing Unit Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Vision Processing Unit Market
35. Vision Processing Unit Market Future Outlook and Potential Analysis
36. Appendix
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