March 29, 2020
Image Processing Unit

Image Processing Unit Market to 2027 illuminated by new report

The overall Image Processing Unit Market worldwide was valued at US$ 1,050.0 million in 2018 and is set to grow with a CAGR of 18.5 percent over the forecast period.

The growing adoption of Artificial Intelligence and Deep Learning is a key driver of the growth of the Image Processing Unit Market. Artificial Intelligence enables computers to perform functions such as learning, problem-solving and reasoning that generally require human intelligence. Artificial Intelligence collects, investigates and stores large volumes of data in real time. Increasing adoption of premium smartphones, increasing adoption of the edge of Artificial Intelligence, and increasing demand for high-end computing skills for computers and machine vision, acting as a major catalyst for market growth.

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Rising security concerns across different parts of the world and the mounting use of the advanced high-power processor for real-time monitoring are some of the other factors driving market demand for the IPU-integrated advanced surveillance camera. Applications such as surveillance & rescue, high-altitude imaging, emergency response, forest fire observation, humanitarian aid, flood mapping, product delivery, observation of oil spills, net connectivity, & photography are key areas that increase the demand for high-quality image processing and thus drive the market at a higher pace.

Based on the product type, 8k has better dynamic range performance, better color or better overall contrast ratio will give a much better look than the one that has just got more pixels. Intel’s Movidius Myriad 2, which is used in most edge devices, is manufactured using 28 nm technology. Furthermore, the application-based security and surveillance segment continues to enjoy a significant market share throughout the forecast period. Intelligent surveillance cameras can only share short videos, even if they notice serious threats that require direct human involvement.

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Implementation of IPUs enables cameras to logically identify threats by avoiding false positives that actually ensure smooth data sharing. Geographically based, North America dominates the market with a high share of revenue worldwide. The APAC Image Processing Unit is estimated to have lucrative growth opportunities in the forecast period. Market growth is due to the presence of various start-ups of the Artificial Intelligence processor in this region.

Some of the major companies included in the report include Fujitsu, Sony, Intel, THine Electronics, Renesas, Texas Instruments, ON Semiconductor, Socionext, STMicroelectronics, MediaTek and Helion GmbH, among others.

Key questions answered in this report

  • What was the market size of Image Processing Unit in 2018 and forecast up to 2027?
  • Which is the largest regional market for Image Processing Unit?
  • What are the major trends followed in overall Image Processing Unit across different regions?
  • Who are the key Image Processing Unit companies leading the market?
  • What are the key strategies adopted by the leading Image Processing Unit companies in market?

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