Vision Processing Unit Market: Snapshot

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. 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.

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.

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. 

Vision Processing Unit Market: Overview

Report provides analysis of the Vision Processing Unit market for the period 2015–2025, wherein the years from 2017 to 2025 is the forecast period and 2016 is considered as the base year. Data for 2015 has been included as historical information. The report covers all the major trends and technologies playing a major role in the Vision Processing Unit market growth over the forecast period. It highlights the drivers, restraints and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa and South America. Report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report includes - the U.S, Canada, Germany, France, the U.K., India, China, Japan, GCC, South Africa and Brazil.

The market overview section of the report showcases the Vision Processing Unit market dynamics and trends which includes drivers, restraints, opportunities that influence the current nature and future status of this market. It also provides an overview about the key market indicators given across the five geographical regions. Under the porter’s five forces analysis section, a brief analysis of the level of competition within the vision processing unit industry is given and business strategy is provided in order to determine the relation between the various ecosystem participants of the Vision Processing Unit market.

Vision Processing Unit Market: Scope of the Report

The report provides competitive landscape of the vision processing unit market, thereby listing out all the major players according to their geographic presence, market attractiveness and recent key developments. The competitive landscape section of the report gives an overview about the market share of several key players for the year 2016. This section also identifies and includes various recent developments carried out by the leading players. Moreover, key takeaways section provided at the end of competitive landscape section would help the operating companies to make the best move in the market.

The vision processing unit market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. Market revenue for all the major players is obtained by conducting secondary and primary research. The market size of the region is calculated by adding the revenue for each country in a particular region. Furthermore, the global market size is obtained upon addition of revenues for all the regions.  These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth. Factors including market position, offerings and R&D focus are attributed to company’s capabilities.

Movidius Inc., Synopsys Inc., Mediatek, Inc., CEVA Inc., NXP Semiconductors, Active Silicon, Cadence Design Systems, Inc., VeriSilicon Limited, Lattice Semiconductor, Imagination Technologies Limited are few of the key players that have been profiled in this study. Details such as financials, business strategies, SWOT analysis, and other such strategic information pertaining to these players has been duly provided as part of company profiling.

On the basis of Application, the market has been divided into Smartphones, Digital Cameras, Autonomous Vehicles, Wearable Devices, Drones, Robots, and Medical Devices. In terms of market share, in 2016, Smartphone was the highest revenue generating segment and Autonomous Vehicle segment is expected to witness highest CAGR growth over the forecast period from 2017 to 2025.

By Verticals, the global Vision Processing Unit market is divided into Consumer Electronics Automotive, Industrial, Healthcare, and Others. Consumer Electronics segment is expected to hold highest market share over the forecast period owing to its significant acceptance in various applications.

The global Vision Processing Unit market is segmented as below:

Global Vision Processing Unit Market, By Application

  • Smartphones
  • Digital Cameras
  • Autonomous Vehicles
  • Wearable Devices
  • Drones
  • Robots
  • Medical Devices

Global Vision Processing Unit Market, By Verticals

  • Consumer Electronics
  • Automotive
  • Industrial
  • Healthcare
  • Others

Global Vision Processing Unit Market, By Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC countries
    • South Africa
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Rest of South America