Global Vision Processing Unit Market

Vision Processing Unit Market Size, Share, Growth Analysis, By Type(Integrated VPUs, Discrete VPUs), By Application(Smartphones and Tablets, Drones, Cameras, AR/VR Devices), By End-User(Consumer Electronics, Automotive, Healthcare, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45I2163 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 96 | Figures: 76

Vision Processing Unit Market News

  • In January 2024, VeriSilicon unveiled its latest VC9800 series Video Processor Unit (VPU) IP with enhanced video processing performance to strengthen its presence in the data center applications. The newly launched series IP caters to the advanced requirements of next-generation data centers including video transcoding servers, AI servers, virtual cloud desktops, and cloud gaming.
  • October 2023: Lenskart, a glasses company, has completed buying Tango Eye. This is a computer vision start-up that uses artificial intelligence (AI). This smart step targets to improve in-store and product reviews by using powerful visual AI time.
  • October 2023: Advantech, A major player in Industrial Internet of Things across the globe, 2395 Inc., has announced it is buying BitFlow. This American business specializes in high-quality image and AI machine vision technology for computers.
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Vision Processing Unit Market size was valued at USD 2.34 billion in 2022 and is poised to grow from USD 2.77 billion in 2023 to USD 10.59 billion by 2031, growing at a CAGR of 18.27% in the forecast period (2024-2031).

The aggressive surroundings of the Vision Processing Unit marketplace is dynamic and is characterized by excessive competition amongst key gamers vying for marketplace share and technological dominance. Established businesses that specialize in semiconductor production and embedded structures improvement are at the forefront. Notable gamers often interact in non-stop research and development to introduce modern VPUs, improving photo and video processing abilties. 'Nvidia', 'Qualcomm', 'NXP Semiconductors', 'Ambarella', 'MediaTek', 'Imagination Technologies', 'Rockchip Electronics', 'Xilinx (now part of AMD)', 'Cadence Design Systems', 'Synopsys', 'GreenWaves Technologies', 'Tencent', 'Alibaba', 'Microsoft Azure', 'Amazon Web Services (AWS)', 'Google Cloud Platform (GCP)', 'Elane Electronics (Hangzhou Haoxun Technologies)', 'Hailo Technologies', 'Movidius (now part of Intel)', 'Cerebras Systems'

The burgeoning call for for advanced photograph and video processing abilities across diverse packages, which includes synthetic intelligence (AI), computer imaginative and prescient, and gadget studying, serves as a primary catalyst. The increasing integration of VPUs in purchaser electronics, especially smartphones, drones, and augmented fact/virtual truth (AR/VR) devices, underscores the marketplace's expansion.

Rising Integration of VPUs in Edge Devices: The increasing use of VPUs in smaller gadgets, making it possible to do tasks right on the device and not needing cloud services as much. The need for VPUs that use strength well is getting more, because we want power-aware answers in devices like smartphones and things on the internet. A big change is using AI features in VPUs. This makes videos and photos even better, helps self-driving cars run well, watches over places for security, and recognizes people's faces accurately.

North America, especially the United States, has been at the vanguard of technological innovation, using the adoption of advanced technology which include VPUs. Many main VPU producers and generation organizations are based in North America, contributing to the place's dominance.

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Global Vision Processing Unit Market

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