The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s report, the global vision processing unit market will increase from $2.04 billion in 2022 to $2.43 billion in 2023, with a 19.4% CAGR. It is projected to reach $4.73 billion by 2027, growing at an 18.1% CAGR.

Asia-Pacific held the largest vision processing unit market share.

Vision Processing Unit Market Driver

Rising smartphone adoption to drive vision processing unit market growth. Smartphones are cell phones with built-in computers, OS, web browsing, and software capabilities. Vision processing units enhance features like facial recognition and gesture control. In 2022, the UK had 71.8 million mobile connections, a 3.8% increase from 2021, and it’s expected that by 2025, 95% of the 68.3 million people in the UK (about 65 million) will have smartphones, fueling the vision processing unit market.

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Key Vision Processing Unit Market Segments

The global vision processing unit market is segmented –

1) By Fabrication Process: Less Than Or Equal To 16 NM, More Than 16 To 28 NM

2) By Application: Smartphones, Medical Devices, Digital Cameras, Drones, Robots, Autonomous Vehicles, Wearable Devices

3) By Vertical: Consumer Electronics, Automotive, Industrial, Healthcare, Other Verticals

Vision Processing Unit Market Prominent Players

Major players in the vision processing unit market are Google LLC, Samsung Electronics Co Ltd., Intel Corporation, Qualcomm Incorporated., Texas Instruments Incorporated, MediaTek Inc., Renesas Electronics, Synopsys Inc., Cadence Design Systems Inc, Xilinx, HiSilicon Technologies Co Ltd., Himax Technologies, Socionext Inc., Myriad Group, Lattice Semiconductor Corp, Imagination Technologies Limited, Rockchip Electronics Co. Ltd, Thundersoft, CEVA Inc., Cambricon Technologies, Blaize Inc., Ambarella Inc., VeriSilicon Inc., Horizon Robotics, Nextchip Co Ltd., Movidius, Inuitive, NXP Semiconductors NV, Gyrfalcon Technology, Neurala Inc., and Hailo Technologies.

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Prominent Vision Processing Unit Market Trend

Vision processing unit market sees product innovation as a popular trend. Major firms introduce innovative products for market position. For example, Hailo launched the Hailo-15 in March 2023, a high-performance vision processor for edge smart cameras with applications in manufacturing, smart cities, and retail. It executes up to 20 trillion operations per second, enabling AI inference using a neural network core, including the YoloV5M6 object detection model, in the HailoV15H chipset.

The Vision Processing Unit Global Market Report 2023  provides comprehensive insights on the vision processing unit market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the vision processing unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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