Vision Processing Unit Market Forecast 2023-2032: Market Size, Drivers, And Trends

 The Vision Processing Unit Global Market Report 2023, provides comprehensive information on the vision processing unit market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

 

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The global vision processing unit market is expected to grow from $2.04 billion in 2022 to $2.43 billion in 2023 at a compound annual growth rate (CAGR) of 19.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vision processing unit market is expected to reach $4.73 billion in 2027 at a CAGR of 18.1%.

 

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Product innovation is a key trend gaining popularity in the vision processing unit market. Major companies operating in the vision processing unit market are introducing innovative products to maintain their position in the market. For instance, in March 2023, Hailo, an Israel-based semiconductor manufacturing company, launched Hailo-15, a new vision processor unit for smart cameras at the edge. The vision processor offers high-performance video processing and analytics at the border and has numerous applications in manufacturing, smart cities, and retail settings. The onboard system-on-chip can execute up to 20 trillion operations per second while running cutting-edge deep learning models that enable AI inference using a neural network core. The YoloV5M6 object detection model can be processed by the HailoV15H chipset, a variant of the HailoV15 vision processor chipset with the highest performance metrics at a real-time sensor rate.

 

The 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

Asia-Pacific was the largest region in the vision processing unit market in 2022.

 

The table of contents in TBRC’s vision processing unit market report includes:

1. Executive Summary

2. Vision Processing Unit Market Characteristics

3. Vision Processing Unit Market Trends And Strategies

4. Vision Processing Unit Market - Macro Economic Scenario

5.Global Vision Processing Unit Historic Market Size and Growth

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32. Global Vision Processing Unit Market Competitive Benchmarking

33. Global Vision Processing Unit Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Vision Processing Unit Market

35. Vision Processing Unit Market Future Outlook and Potential Analysis

 

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