The Global Vision Processing Unit Market is expected to reach USD 1527.82 Million by 2026, from USD 102.0 Million in 2018, growing at a CAGR of 40.26% during the forecast by 2026. Global Vision Processing Unit Market report comprises of historic data along with future forecast and detailed market analysis on a global, local and regional level for Semiconductors and Electronics industry.
Market related factors covered here encompasses but are not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. The report also endows with the strategically analyzed market research analysis and observant business insights into the most correct markets. This quality report has been formulated with full commitment and transparency in research and analysis which helps increase revenue.
Major Market Competitors/Players: Global Vision Processing Unit Market
Some of the major players operating in the global vision processing unit market are MediaTek Inc (Taiwan), Cadence Design Systems, Inc. (US), CEVA Logistics (US), Synopsys, Inc. (US), Movidius (US), Inuitive (Israel), Lattice Semiconductor (US), VeriSilicon Limited (China), and Imagination Technologies Limited. (UK). among others.
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Market Definition: Global Vision Processing Unit Market
Vision processing unit is defined as the microprocessor which intends to accelerate machine vision with artificial intelligence technologies. Vision processing unit is appropriate for different types of machine vision algorithms namely video processing, image processing and others. It is also used to identify memory of an object, providing programmable use for visualizing the object in all 3 dimensions.
According to the article published by IEEE, autonomous road visual processing is done in three stages namely extracting edges, comparing the extracted edge points with geometric model of the road and then updating the geometric road model. Furthermore, algorithm is done at frequency range of 15 Hz.
Major Market Drivers and Restraints:
- Increasing demand for high computational capability
- Growing demand for computer vision applications
- Rising adoption of artificial intelligence and machine learning technologies
- High capability of GPUS and CPUS for industrial vision systems
Market Segmentation: Global Vision Processing Unit Market
The global vision processing unit market is segmented based on application, vertical and geographical segments.
- Based on application, the market is segmented into drones, surveillance cameras, autonomous vehicles, smartphones and wearable devices, domestic & commercial robots
- On the basis of vertical, the market is segmented into consumer, industrial, automotive
- Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and Brazil among others.
Competitive Analysis: Global Vision Processing Unit Market
The global vision processing unit market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vision processing unit market for global, Europe, North America, Asia Pacific and South America.
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