Global Vision Processing Unit Market

PR1

Inter-Market Dependency

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 sales 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.
Camera Market: Digital cameras face competition from smartphones with inbuilt cameras. This has led digital camera manufacturers to focus on offering enhanced video and image capturing and processing capabilities that remain unmatched by smartphones. This is made possible by the use of the latest VPUs with a priority of image and video optimization over device efficiency.
AR/VR Market: According to MRFR analysis, the global AR/VR market is expected to reach approximately USD 160 billion by 2023. The creation of a VR environment necessitates high processing power, both in terms of energy requirement and processing time. VPUs significantly aid in the reduction of the processing burden on CPUs and GPUs. The cost-effective manufacturing of AR/VR units necessitates the use of 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.


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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.
Automotive: The integration of cameras in automobiles is becoming more prevalent to enhance security and safety. Currently, most automobiles are equipped with reverse parking assistance devices that utilize VPUs to display the video on a dashboard monitor. The use of VPUs is critical in ADAS, which are increasingly being used in high-end luxury vehicles. As the integration of ADAS in automobiles rises, it is expected to drive the growth of the global vision processing unit market.
Security and Surveillance: VPUs are used in security and surveillance devices to enhance video and image capturing and streaming and reduce the margin of human error. Older model VPUs, which are cost-effective to manufacture, are capable of handling the needs of security and surveillance applications.


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