1. What is the projected Compound Annual Growth Rate (CAGR) of the Vision Processing Unit Market?
The projected CAGR is approximately 12%.
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Vision Processing Unit Market by Fabrication Process (16nm, 16-28nm), by Application (Smartphones, Drones, Cameras, AR/VR, ADAS, Robotics, Others), by End-use (Consumer electronics, Security and surveillance, Automotive), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, ANZ, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Vision Processing Unit Marke was valued at USD 3 Billion in 2024 and is projected to reach USD 6.63 Billion by 2033, with an expected CAGR of 12% during the forecast period. This expansion is driven by advancements in visual recognition and image processing technologies, along with the increasing integration of VPUs in smartphones, drones, cameras, AR/VR devices, and autonomous vehicles. The growing adoption of AI and deep learning algorithms has further accelerated demand, as these technologies require high-performance, low-power processors for real-time image and video analysis. Additionally, government initiatives promoting technological advancements, along with rising concerns over food security and automation in agriculture, are contributing to increased VPU adoption. As industries continue to focus on intelligent vision-based applications, the market is expected to witness sustained growth, with innovations in edge computing and AI-driven processing further enhancing the efficiency and capabilities of VPUs across various sectors.
The VPU market exhibits moderate concentration, with key players such as Intel, Qualcomm, and MediaTek holding a significant market share. Innovation in the industry is characterized by the development of VPUs with enhanced computational power, reduced power consumption, and improved image processing capabilities. Regulations governing data privacy and security influence the market, while product substitutes such as DSPs and GPUs may pose a competitive threat. End-user concentration is observed in sectors such as consumer electronics, security and surveillance, and automotive. The market has witnessed a notable level of M&A activity, with companies seeking to expand their portfolios and strengthen their market presence.
Region: The Asia Pacific region, led by China and India, is expected to dominate the VPU market due to the growing demand for smartphones and other consumer electronics.
Segment: The application segment for drones and robotics is projected to experience significant growth, driven by the increasing use of drones in aerial photography, surveillance, and industrial applications.
The report provides comprehensive insights into the VPU market, including:
The VPU market size is expected to reach $6 billion by 2027, with a CAGR of 15%. NVIDIA leads the market with a significant share, followed by Qualcomm and Intel. The demand for VPUs in smartphones is the primary growth driver, accounting for over 35% of the market revenue.
In June 2023, Intel launched its 13th Gen Intel Core mobile processor family, featuring the new Intel Core i9-13980HX, which boasts a 24-core processor and an integrated Intel Movidius vision processing unit.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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Secondary Research
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The projected CAGR is approximately 12%.
Key companies in the market include Intel Corporation, Qualcomm Technologies, Inc., MediaTek Inc., NVIDIA Corporation, Advanced Micro Devices, Inc. (AMD), Google LLC (for its Tensor Processing Unit), Ambarella, Inc..
The market segments include Fabrication Process, Application, End-use.
The market size is estimated to be USD 3 Billion as of 2022.
Increasing adoption of AI and machine learning in vision processing applications.. Growing demand for advanced driver assistance systems (ADAS) in automotive sector.. Rising deployment of surveillance and security systems.. Expansion of virtual reality (VR) and augmented reality (AR) technologies.. Emergence of smart cities and IoT applications..
Miniaturization: The demand for VPUs with smaller form factors is growing to accommodate the compact designs of handheld devices and drones..
Compatibility issues with existing hardware and software systems.. Challenges related to data privacy and security concerns..
In June 2023, Intel launches its 13th Gen Intel Core mobile processor family, led by the launch of the new flagship Intel Core i9-13980HX – what the company calls “the first 24-core processor for a laptop.” The new H-series processors push the computing possibilities for gamers and creators with up to 5.6GHz turbo frequency. In another first, select designs based on these processors will feature the Intel Movidius vision processing unit (VPU).
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Billion and volume, measured in units.
Yes, the market keyword associated with the report is "Vision Processing Unit Market," which aids in identifying and referencing the specific market segment covered.
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