Recently a report was published by marketresearchreports.biz titled, “Global Vision Processing Unit Market Insights, Forecast to 2025.”
Albany, NY -- (SBWIRE) -- 11/12/2018 -- Vision processing unit is a processor responsible for the production of high-definition pictures with proper light. It also decreases the usage of power by saving the space in the graphics processing unit and the CPE, by enhancing the entire performance of the system.
The usage of vision processing unit in the mobile phones mainly results in decreased power consumption and enhanced battery life. It is also utilized in wearable cams that are majorly used by police personnel, adventurists, and security people for the surveillances purpose. Besides, it is used by medical professional to record the procedure being performed. As a result, the market is expected to witness a surging demand owing to the rise in requirement for decreased power usage system on chip circuit (SoC), which is used widely in several applications.
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Apart from this, the market of vision processing unit is as well fuelled by rising popularity of machine vision systems for various applications in industrial sectors, such as automotive, consumer electronics, healthcare, manufacturing, and automotive. Moreover, due to emergence of machine learning and Artificial Intelligence (AI) technologies that need to program the systems is foreseen to contribute in the growth of the market. Several robots possessing vision capabilities are being used widely in automobile and manufacturing sectors for several reasons such as quality check, product inspection, helping in various production levels, and security and surveillance purpose. Moreover, the rising developments in the automotive sector, especially the autonomous vehicles is likely to boost the market growth in coming years.\
On the basis of geography, the market is segmented majorly into Europe, North America, the Middle East and Africa, Asia Pacific, and South America. Among these, North America region dominated the entire global market of VPU, back in 2016, emerging as the major revenue contributor, trailed by Europe. Besides, region of Asia Pacific region is also foreseen to flourish with the maximum CAGR within the forecast period. This is attributed to the rising development in the electronics and automobile sectors. The region is likely to project a CAGR of 19.08% in the forthcoming years.
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Many new innovations are coming in the market by the key players, especially in automobile industry, so as to have smarter vehicles. This is also estimated to propel growth in vision processing unit market. The major players operating in the global vision processing unit market are Synopsys, Inc., Movidius, Inc., MediaTek, Inc., Ceva Inc., Imagination technologies Limited, VeriSilicon Ltd., and so on. The players are indulging into mergers and acquisitions so as to maintain their position in the market.
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