DUBLIN--(BUSINESS WIRE)--The "Vision Processing Unit Market by Application (Drones, Surveillance Cameras, Autonomous Vehicles, Smartphones, Wearable Devices, Domestic & Commercial Robots), Vertical (Consumer, Industrial, Automotive), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The Vision Processing Unit Market is Estimated to Grow from USD 168.2 Million in 2018 to USD 946.0 Million By 2023, Growing at a CAGR of 41.26% Between 2018 and 2023.
The growth of this market is mainly driven by the increasing demand for high computational capability, growing demand for computer vision applications, rising adoption of artificial intelligence and machine learning technologies, and rising need for ASICs. There has been considerable growth in the demand for small and power-efficient vision processors that can be used in small devices and are capable of processing complex algorithms at the source of generation of data itself.
The capacity of real-time decision-making would reduce the dependence on the connectivity and cloud for complex and faster decision-making, ideal for applications such as drones, autonomous vehicles, and surveillance cameras.
The major restraint for the vision processing unit market growth is the high capability of GPUs and CPUs for industrial vision systems.
APAC expected to grow at the highest CAGR between 2018 and 2023. APAC is one of the largest markets for smartphones, surveillance cameras, and wearable devices, and vision processing units are integrated with these devices to accelerate machine vision their tasks.
The increasing adoption of autonomous vehicles, drones, and wearable devices in North America is expected to the drive the market for VPUs in the region. The UK and Germany are the major contributors to the growth of the vision processing unit market in Europe as this region is one of the largest markets for drones, autonomous vehicles, and commercial robots.
The major players profiled in this report are as follows:
- MediaTek (Taiwan)
- Cadence Design Systems (US)
- CEVA (US)
- Synopsys (US)
- Movidius (US)
- Inuitive (Israel)
- Lattice Semiconductor (US)
- VeriSilicon (China)
- Imagination Technologies (UK)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Vision Processing Unit Market, By Application
7 Vision Processing Unit Market, By Vertical
8 Vision Processing Unit Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/kjk7d6/vision_processing?w=4