Continuously increasing use of the Artificial Intelligence in the consumer electronics has further fortified organizations across different parts of the globe to use the visual processing units, particularly for image processing purposes and hence it is expected to drive the growth of the image processing unit market
The image processing unit market worldwide is expected to grow with a CAGR of 18.5% during the forecast period from 2019 to 2027, starting from US$ 1,050 Mn in 2018. Movidius (Intel Company) the company based out of U.S., which has got products widely catering to different applications, is currently ranked number 1 in the Image Processing Unit Market. The company is a pioneering image processing company which brings the AI visual intelligence to system-on-chips that are being used in numerous applications, like AR, VR, drones, computational photography and the surveillance devices. Nevertheless, processing of the image which includes lot of security issues using different compression technique is projected to restrict the growth of the market.
Market Synopsis
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Security and surveillance to Continue Dominating the Market
Rising security concern across different parts of the world and mounting use of the advanced high power processor for the real-time monitoring are some of the other factors which is driving the market demand for the advanced surveillance camera integrated with the IPUs. Further, based on application, security & surveillance segment continues to enjoy the major market share throughout the forecast period. Intelligent surveillance camera can only share the short video, even after noticing the serious threats which require direct human involvement. Implementation of the IPUs enables the cameras to identify the threats logically by avoiding the false positives, which actually ensure the smooth data sharing
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Asia Pacific to Register the Fastest Growth
The Image Processing Unit Market in Asia Pacific is estimated to experience productive growth opportunities in coming years. The image processing unit market in this region is attributed to the presence of numerous AI processor start-up, which are likely to deliver significant growth prospects to the IPU companies in the forecast period. Moreover, the prominent drone manufacturers and the smart camera providers integrating the IPUs in their products are based out of Asia Pacific. Tello drone uses the Intel Movidius Myriad 2 Image processing unit chip, which are used in the DJI drones, and exhibits the features like automatic take-off & landing. Also, Samsung has launched Exynos 9 Series 9810, new AI-enabled processor .
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Some of the major companies profiled in the report include Fujitsu, Sony, Intel, THine Electronics ,Renesas, Texas Instruments, ON Semiconductor, Socionext, STMicroelectronics, MediaTek and Helion GmbH among others .
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The image processing unit market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global image processing unit market based on type, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Type Segment (2017–2027; US$ Mn)
• 2K
• 4K
• 8K
|
|
Application Segment (2017–2027; US$ Mn)
• Smartphones
• Security/surveillance
• Gaming
• Automotive
• Medical
• Camera
• Others
|
|
Geography Segment (2017–2027; US$ Mn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of Image Processing Unit in 2018 and forecast up to 2027?
- Which is the largest regional market for Image Processing Unit?
- What are the major trends followed in overall Image Processing Unit across different regions?
- Who are the key Image Processing Unit companies leading the market?
- What are the key strategies adopted by the leading Image Processing Unit companies in market?
Unique data points of this report
- Statistics on Image Processing Unit penetration and spending worldwide
- Recent trends across different regions in terms of adoption of Image Processing Unit across various applications
- Notable developments going on in Image Processing Unit
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
