Global Vision Processing Unit Market to Reach USD 9,825.91 Million by 2031 | CAGR of 17.2%
Category : Semiconductor And Electronics | Published Date : Nov 2024 | Type : Press Release
Vision Processing Unit Market & Overview:
In the newly published report, Consegic Business Intelligence states that the Vision Processing Unit Market size was valued at USD 2,755.03 million in 2023 and is projected to grow at a CAGR of 17.2%, reaching USD 9,825.91 million by 2031. Vision Processing Units (VPUs) are specialized processors designed to accelerate artificial intelligence (AI) and machine learning (ML) workloads, enabling faster visual data analysis, system responsiveness, and improved power efficiency. VPUs are essential in applications like surveillance, autonomous vehicles, and augmented reality.
The report comprises the Vision Processing Unit Market Share, Size & Industry Analysis, based on Fabrication Process (≤16 nm, 16–28 nm), Application (ADAS, Smartphones, Cameras, Surveillance Systems, Medical Imaging Technologies, HVAC Systems, Smart Homes, Others), End-User (Automotive, Security and Surveillance, Healthcare, Consumer Electronics, Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Vision Processing Unit Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Segmental Analysis :
Based on fabrication process, the market is bifurcated into ≤16 nm and 16–28 nm.
- The ≤16 nm segment accounted for the largest market share in 2023, driven by its superior power efficiency and high performance, making it suitable for automotive electronics and advanced computing applications.
- The 16–28 nm segment is anticipated to grow at the fastest CAGR during the forecast period, supported by its adoption in 5G RF transceivers, IoT devices, and automotive radar.
Based on application, the market is segmented into ADAS, Smartphones, Cameras, Surveillance Systems, Medical Imaging Technologies, HVAC Systems, Smart Homes, and Others.
- Smartphones accounted for the largest revenue share in 2023 and are projected to grow at the fastest rate, driven by their integration with advanced vision processing capabilities for AR/VR, image processing, and object detection.
Based on end-user, the market is segmented into Automotive, Security and Surveillance, Healthcare, Consumer Electronics, and Others.
- The security and surveillance segment dominated the market in 2023, attributed to the widespread use of VPUs in advanced CCTV systems for public safety and real-time analytics.
- The automotive segment is projected to grow at the highest CAGR, supported by increasing adoption of VPUs in ADAS and autonomous vehicle technologies for enhanced decision-making and safety features.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Held the largest market share in 2023, driven by the robust growth of the consumer electronics sector and smart city initiatives in countries like China and India.
- North America: Expected to grow significantly, fueled by advancements in AR/VR technologies and increasing investments in automotive and healthcare sectors.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 9,825.91 Million |
| CAGR (2024-2031) | 17.2% |
| Fabrication Process | ≤16 nm, 16–28 nm |
| Application | ADAS, Smartphones, Cameras, Surveillance Systems, Medical Imaging Technologies, HVAC Systems, Smart Homes, Others |
| End-User | Automotive, Security and Surveillance, Healthcare, Consumer Electronics, Others |
| By Region |
North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Spain, Italy, Russia, BENELUX, Rest of Europe), APAC (China, Japan, India, South Korea, Australia, ASEAN, Rest of APAC), LATAM (Brazil, Argentina, Chile, Rest of LATAM), MEA (GCC, Turkey, South Africa, Rest of MEA) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Vision Processing Unit Industry:
- Intel (U.S)
- Active Silicon Ltd (U.S)
- Samsung (South Korea)
- Google (U.S)
- Huawei (China)
- Mediatek, Inc. (Taiwan)
- NVIDIA Corporation (U.S)
- Qualcomm Technologies, Inc. (U.S)
- Advanced Micro Devices, Inc. (AMD) (U.S)
- Ambarella, Inc. (U.S)
Recent Industry Developments:
- April 2024: Avnet partnered with Qualcomm Technologies, Inc. to launch ARM-based Systems on Modules embedded with Qualcomm Adreno 633 VPU.
- February 2023: Dahua introduced the IPC WizMind S Series surveillance system with enhanced image processing capabilities for improved security and public safety.
- December 2021: HiSilicon unveiled HiSilicon AI ISP, a processor combining neural network processing and vision processing units for IoT devices.
