What Has Been the Growth Trajectory of the Vision Processing Unit Market?
The vision processing unit market has seen considerable growth due to a variety of factors.
•In recent times, there's been notable expansion in the vision processing unit market size. This market is projected to surge from $2.84 billion in 2024 to $3.35 billion in 2025, experiencing a compound annual growth rate (CAGR) of 18.0%.
This growth during the historical period is linked to the expansion in computer vision applications, augmented demand for image and video processing, advancement in artificial intelligence applications, and the growth of autonomous vehicles.
What Does the Future Hold for the Vision Processing Unit Market?
The vision processing unit market is expected to maintain its strong growth trajectory in upcoming years.
• The market for vision processing units is predicted to experience significant expansion in the upcoming years, with projections suggesting it will reach $6.63 billion by 2029, growing at a compound annual growth rate of 18.6%.
This escalation over the forecasted period is linked to various factors, including the incorporation of vision processing units in edge devices, the broadening of augmented reality (AR) applications, the increasing demand for advanced driver-assistance systems (ADAS), the adoption of vision processing units in robotics, and the heightened usage in intelligent surveillance systems. The outlook period also anticipates key trends such as reducing the size of vision processing units, fostering energy-saving processing frameworks, integrating AI accelerators in vision processing, the emergent importance of real-time image and video analytics, and the utilization of neural processing units.
What Are the Critical Driver Fuelling the Vision Processing Unit Market's Growth?
The anticipated rise in smartphone usage is predicted to fuel the expansion of the vision processing unit market. A smartphone is a mobile phone that incorporates a computer and other features that were not previously available in phones, including an operating system, internet browsing, and the capability to execute software applications. The vision processing unit assists in improving functionalities like face identification and gesture recognition on smartphones. For example, based on data from Uswitch Limited, a Financial Conduct Authority in the UK, there was a jump in mobile connections in the UK by 2.6 million or 3.8% to 71.8 million in 2022 from the previous year. Furthermore, by 2025, the UK's population is forecasted to reach 68.3 million, with 65 million or 95% projected to own smartphones. Hence, the escalating adoption of smartphones is bolstering the growth of the vision processing unit market.
How Is the Vision Processing Unit Market segmented?
The vision processing unit market covered in this report is segmented –
1) By Fabrication Process: Less Than Or Equal To 16 NM, More Than 16 To 28 NM
2) By Application: Smartphones, Medical Devices, Digital Cameras, Drones, Robots, Autonomous Vehicles, Wearable Devices
3) By Vertical: Consumer Electronics, Automotive, Industrial, Healthcare, Other Verticals
Subsegments:
1) By Less Than Or Equal To 16 NM: Advanced Finfet Process, Planar CMOS Technology, SOI (Silicon On Insulator) Technology
2) By More Than 16 To 28 NM: 20 NM Process, 22 NM Process, 28 NM Process
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What New Trends Are Influencing the Vision Processing Unit Market?
Product innovation is becoming increasingly popular in the vision processing unit market, a trend that major companies are capitalizing on. These companies are developing and introducing innovative products to maintain their market standing. For example, Hailo, a semiconductor manufacturing firm based in Israel, unveiled its Hailo-15, a new vision processor unit for edge-based smart cameras, in March 2023. The vision processor provides robust video processing and border analytics with various applications in manufacturing, smart cities, and retail environments. The system-on-chip on board has the capacity to perform up to 20 trillion operations per second while operating deep learning models that facilitate AI inference through a neural network core. The YoloV5M6 object detection model can be operated by the HailoV15H chipset, a high-performance variant of the HailoV15 vision processor chipset, at a real-time sensor rate.
Who Are the Key Players in the Vision Processing Unit Market?
Major companies operating in the vision processing unit market include:
• 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.
• Inuitive
• NXP Semiconductors NV
• Gyrfalcon Technology
• Neurala Inc.
• Hailo Technologies
What Is The Most Dominant Region In The Vision Processing Unit Market?
Asia-Pacific was the largest region in the vision processing unit market in 2024. The regions covered in the vision processing unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
