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Continuing Technological Advancements to Boost Global Vision Processing Unit Market

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Published on : Apr 23, 2018

ALBANY, New York, Apr 23, 2018: As per a new research report, added recently to the depository of ResearchMoz.us, the market for vision processing units is observing a remarkable rise across the world. The research study, titled “Vision Processing Unit Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025,” examines the current and the past performance of this market to gain an insight into its future potentials. It takes the factors influencing the growth, prominent trends, challenges, and the opportunities in consideration to determine the scope of this market in the near future.

As per the research report, technological advancements and the increasing investments for research and development are expected to boost the global market for vision processing units, states the research report.

In this research study, the global market for vision processing units has been examined on the basis of the application, market verticals, and the geographical spread. On the basis of the application, the market has been classified into digital cameras, smartphones, autonomous vehicles, drones, wearable devices, medical devices, and robots. In 2016, the smartphone segment le the global market in terms of market share and the scenario is likely to remain so over the next few years. However, the autonomous vehicle segment is projected to report a high-paced growth throughout the period of the forecast, states the research report.

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Based on the market verticals, the report has categorized the global market into the consumer electronics, industrial, automotive, and the healthcare sectors. The consumer electronics sector is expected lead the global market in the near future, thanks to the increasing uptake of vision processing units in the consumer electronics industry.

Based on the geography, the worldwide market for vision processing units has been divided into Europe, North America, Asia Pacific, the Middle East and Africa, and South America. North America and Europe have emerged as the leading regional markets for vision processing units across the world, thanks to the presence of a large number of leading players, and the scenario is projected to remain so over the next few years, notes the market study.

The report concludes with a competitive analysis of the vendor landscape of the global market for vision processing units by reviewing the profiles of the main participants functioning in this market. With an increased entry rate of new players, the market demonstrates a highly competitive landscape. Vendors in this market are competing on the basis of innovative technologies and are focusing on upgrading the current offerings in terms of quality and consistency. Movidius Inc., Mediatek Inc., Synopsys Inc., CEVA Inc., Active Silicon, NXP Semiconductors, Cadence Design Systems Inc., Lattice Semiconductor, VeriSilicon Ltd., and Imagination Technologies Ltd. are some of the key vendors of vision processing units across the world, reviewed in this report.

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