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Vision Processing Unit Market Trends

  • Report ID: GMI8745
  • Published Date: Mar 2024
  • Report Format: PDF

Vision Processing Unit Market Trends

There is a growing demand for VPUs integrated with artificial intelligence (AI) capabilities such as machine learning and neural network processing. These AI-enabled VPUs are utilized in various applications such as autonomous vehicles, smart surveillance systems, and robotics to enable real-time decision-making and advanced image processing tasks. With the rise of edge computing, there is a trend towards integrating VPUs into edge devices such as smartphones, IoT devices, and edge servers. This integration enables efficient processing of visual data closer to the source, reducing latency and bandwidth requirements. Edge devices equipped with VPUs can perform tasks like object detection, facial recognition, and gesture recognition locally, enhancing their performance and responsiveness.

The rising deployment of surveillance and security systems marks a pivotal shift in modern society, driven by technological advancements and an increasing need for enhanced safety measures. In today's world, where security threats are diverse and complex, the demand for robust surveillance solutions has surged across various sectors including public safety, transportation, critical infrastructure, retail, and residential areas. Surveillance and security systems encompass a wide array of technologies, including CCTV cameras, access control systems, biometric identification systems, drones, and acoustic cameras. These systems are strategically deployed to monitor and protect assets, infrastructure, and people against various threats such as theft, vandalism, terrorism, and unauthorized access.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for vision processing unit was valued at over USD 3 billion in 2023 and is estimated to surpass USD 8.5 billion by 2032, driven by the increasing demand for AI & ML technologies across various industries.

The security & surveillance segment of VPU market is expected to register a CAGR of over 13% through 2032, attributed to features like facial recognition, object detection, behavior analysis, and anomaly detection.

Asia Pacific vision processing unit market accounted for a revenue share of over 36% in 2023 and will continue to grow over 2024-2032, propelled by the rapid technological advancements, increasing adoption of AI & ML technologies, and proliferation of smartphones, drones, and surveillance systems.

Intel Corporation, Qualcomm Technologies, Inc., MediaTek Inc., NVIDIA Corporation, Advanced Micro Devices, Inc. (AMD), Google LLC (for its Tensor Processing Unit), and Ambarella, Inc.

Vision Processing Unit Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 305
  • Countries covered: 19
  • Pages: 200
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