About Vision Processing Unit
Vision processing unit (VPU) is a type of microprocessor aimed at accelerating machine learning and artificial intelligence technologies. It is specialized processor to support tasks like image processing, one of several specialized chips such as the GPU that are generally useful in machine learning. It is different than vision processing units are distinct from video processing units (which are specialised for video encoding and decoding) in their suitability for running machine vision algorithms. It is more sustainable in machine algorithms like CNN (convolutional neural networks), SIFT (Scale-invariant feature transform) and others. Growing preference for this processing unit for tech based applications is driving the demand for market. However, lack of standardisation in technology is challenging to the market growth. Geographically, Asia Pacific region has have been recognized as highly growing market with developed networking infrastructure. Therefore, Asia Pacific region are considered to be the dominant market over forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of Vision Processing Unit is expected to grow with rising demand for various industry verticals. Several companies are operating in the market to provide Vision Processing Unit with sensors. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco Systems Inc. (United States), Samsung (South Korea), NXP Semiconductor (Netherlands), Movidius (United States), Cadence (United States), Imagination Technologies (United States), CEVA (United States), HiSilicon Technologies (China), Google LLC (United States), MediaTek (Taiwan) and Lattice Semiconductor (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Vision Processing Unit market by , Application (Smartphones, ADAS, Camera, Drones, AR/VR Products and Others) and Region.
On the basis of geography, the market of Vision Processing Unit has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Consumer Electronics will boost the Vision Processing Unit market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fabrication Process, the sub-segment i.e. ≤16 nm will boost the Vision Processing Unit market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Preference for Vision Processing Unit in Smartphones
Market Growth Drivers:
Growing Adoption of Machine Visionary System across Industrial Verticals and Huge Demand for Wearable Cameras for Security Surveillance
Challenges:
Lack of Standardization in Technology Designing
Restraints:
Stringent Government Regulation
Opportunities:
Growing Focus on Security & Surveillance with Advancements in Vision Processing Unit and Technological Advancements with AI & Machine Learning in Vision Processing Unit
In 2017, Intel on has introduced its new Movidius Myriad X vision processing unit (VPU), advancing Intel's end-to-end portfolio of artificial intelligence (AI) solutions. It is mainly to deliver more autonomous capabilities across a wide range of product categories, including drones, robotics, smart cameras and virtual reality. With this launch, advanced version of VPU which is dedicated for Neural Compute Engine.
Key Target Audience
Vision Processing Unit Manufacturers, Vision Processing Unit Suppliers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.