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Vision Processing Unit Market 2025 | Latest Update, Trends & International News In One Place - Check Out Now

December 6, 2019 by Market-NewsFlash  

Global Vision Processing Unit Market Forecast 

 

 

The Global Vision Processing Unit Market is expected to grow from USD 1.4 billion in 2018 to a projected USD 3.8 Billion by 2025 at an impressive CAGR of 20%.

Market Synopsis

Vision processing units (VPUs) are a subset of microprocessors that ease the energy and time requirements of CPUs by taking on the tasks of video streaming and image processing. The technology is relatively new, but due to the increasing demand for integrated technology platforms and need for performance enhancement, while lowering costs, the global vision processing unit market is expected to grow at a phenomenal rate.

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Global Vision Processing Unit Market, by Type

  • Drone Market: The USD 70 billion drone industry uses vision processing units extensively in processors. VPUs are critical for determining the flight path of drones and are critical for the communication of visual data to the pilot. Commercial drones require high-functioning VPUs to avoid collision and navigate in urban environments.
  • ADAS Market: The fast-growing ADAS market has a critical requirement for VPUs as they are critical for safety and collision avoidance. This makes VPUs indispensable for the growth in the ADAS market.
  • Smartphone Market: According to Reuters, the global smartphone market sold more than 1.88 billion units in 2018. The highly competitive market is down 3.7% from 2017 and, consequently, manufacturers are enhancing performance parameters. A key feature driving smartphone sale is the inbuilt camera with video and image capturing capabilities. The use of VPUs enhances the quality of the videos and images while reducing the load on the smartphone CPU and, therefore, power consumption. The competitive nature of the smartphone market is expected to result in the high application of VPUs across models while also fueling innovation in VPUs.
  • Robotics Market: The robotics industry is a varied field. All robots utilizing video capturing technology require processors to translate the captured video stream with the help of machine vision. This is enabled by the incorporation of VPUs due to their efficiency and reduction on CPU dependency.
  • Wearables Market: This consumer-driven industry is continuously seeking to update products by increasing functionality while maintaining costs. By reducing the load on the gadget’s CPU, the processor is free to run additional features and optimize performance. The incorporation of VPUs can enhance productivity by taking over all video and image stream processing functions from the CPU.

Global Vision Processing Unit Market, by End User

  • Consumer Electronics: Covering products such as smartphones, digital cameras, laptops, and tablets, this market is forecast to rise to USD 1.5 trillion by 2024, according to Business Insider. VPUs are utilized in all consumer electronic products with video or image capturing and streaming capabilities. This is the primary market driving innovation in VPUs its high projected growth is expected to result in the simultaneous growth of the global vision processing unit market.

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