Continuously increasing use of Artificial Intelligence in consumer electronics has further fortified organizations across different parts of the globe to use visual processing units, particularly for image processing purposes. 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), based out of the U.S., has products widely catering to different applications and is currently ranked number 1 in the Image Processing Unit Market. The company is a pioneering image processing company that brings AI visual intelligence to system-on-chips used in numerous applications, like AR, VR, drones, computational photography, and surveillance devices. Nevertheless, processing the image, which includes a lot of security issues using different compression techniques, is projected to restrict the market's growth.
Market Synopsis
Security and surveillance to Continue Dominating the Market
Rising security concerns across different parts of the world and the mounting use of advanced high-power processors for real-time monitoring are other factors driving the market demand for the advanced surveillance camera integrated with IPUs. Further, based on application, the security & surveillance segment continues to enjoy the major market share throughout the forecast period. An intelligent surveillance camera can only share a 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 false positives, which ensures smooth data sharing.
The Asia Pacific to Register the Fastest Growth
The Image Processing Unit Market in the Asia Pacific is estimated to experience productive growth opportunities in the coming years. This region's image processing unit market is attributed to numerous AI processor start-ups, which are likely to deliver significant growth prospects to 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. For example, the Tello drone uses the Intel Movidius Myriad 2 Image processing unit chip, which is used in DJI drones and exhibits the features like automatic take-off & landing. Also, Samsung has launched Exynos 9 Series 9810, a new AI-enabled processor.
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 segment 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. In addition, the report provides a holistic view of the global image processing unit market based on type, application, and geography. Key segments covered in the report are as follows:
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)
Unique data points of this report
Statistics on Image Processing Unit penetration and spending worldwide
Recent trends across different regions in terms of the adoption of Image Processing Units across various applications
Notable developments going on in the 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)
Frequently asked questions :
The market for Image Processing Units Market is expected to reach US$ XX Bn by 2027.
The Image Processing Units Market is expected to see significant CAGR growth over the coming years, at 18.5%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Fujitsu, Sony, THine Electronics, Intel, Renesas, ON SEMICONDUCTOR are some of the major players in the global market.
