Continuously increasing use of the Artificial Intelligence in the consumer electronics has further fortified organizations across different parts of the  globe to use the visual processing units, particularly for image processing purposes and 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 2023 to 2030, starting from US$ 1244.2 Mn in 2021. Movidius (Intel Company) the company based out of U.S., which has got products widely catering to different applications, is currently ranked number 1 in the Image Processing Unit Market. The company is a pioneering image processing company that brings the AI visual intelligence to system-on-chips that are being used in numerous applications, like AR, VR, drones, computational photography and surveillance devices. Nevertheless, processing of the image which includes lot of security issues using different compression technique is projected to restrict the growth of the market.

Security and surveillance to Continue Dominating the Market

Rising security concern across different parts of the world and mounting use of the advanced high power processor for real-time monitoring are some of the other factors which is driving the market demand for the advanced surveillance camera integrated with the IPUs. Further, based on application, security & surveillance segment continues to enjoy the major market share throughout the forecast period. Intelligent surveillance camera can only share the 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 the false positives, which actually ensure the smooth data sharing

Asia Pacific to Register the Fastest Growth

The Image Processing Unit Market in Asia Pacific is estimated to experience productive growth opportunities in coming years. The image processing unit market in this region is attributed to the presence of numerous AI processor start-up, which are likely to deliver significant growth prospects to the 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. Tello drone uses the Intel Movidius Myriad 2 Image processing unit chip, which are used in the DJI drones, and exhibits the features like automatic take-off & landing. Also, Samsung has launched Exynos 9 Series 9810,  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 study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Image Processing Units market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Image Processing Units market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Image Processing Units market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Image Processing Units market?
• Which is the largest regional market for Image Processing Units market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Image Processing Units market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Image Processing Units market worldwide?