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Vision Processing Unit Market- Roadmap for Recovery from COVID-19|Growing Adoption of Deep Learning and AI to boost the Market Growth | Technavio

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09/18/2020 | 08:16pm EDT

Technavio has been monitoring the vision processing unit market and it is poised to grow by USD 892.45 million during 2020-2024, progressing at a CAGR of over 20% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200918005312/en/

Technavio has announced its latest market research report titled Global Vision Processing Unit Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Vision Processing Unit Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by end-user, which is the leading segment in the market?
  • The consumer electronics are expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Rising investments in autonomous vehicles is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 20%, the incremental growth of the market is anticipated to be USD 892.45 million.
  • Who are the top players in the market?
  • Huawei Technologies Co. Ltd, Intel Corp., MediaTek Inc., NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., STMicroelectronics NV, Synopsys Inc., and Texas Instruments Inc. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Growing adoption of deep learning and AI is one of the major factors driving the market. However, the high cost of VPUs restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 34% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CEVA Inc., Huawei Technologies Co. Ltd, Intel Corp., MediaTek Inc., NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., STMicroelectronics NV, Synopsys Inc., and Texas Instruments Inc. are some of the major market participants. The growing adoption of deep learning and AI will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Vision Processing Unit Market 2020-2024: Segmentation

Vision Processing Unit Market is segmented as below:

  • End-user
    • Consumer Electronics
    • Automotive
    • Industrial
    • Others
  • Geography
    • North America
    • APAC
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43075

Vision Processing Unit Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The vision processing unit market report covers the following areas:

  • Vision Processing Unit Market Size
  • Vision Processing Unit Market Trends
  • Vision Processing Unit Market Analysis

This study identifies rising investments in autonomous vehicles as one of the prime reasons driving the vision processing unit market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Vision Processing Unit Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist vision processing unit market growth during the next five years
  • Estimation of the vision processing unit market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the vision processing unit market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vision processing unit market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Consumer electronics - Market size and forecast 2019-2024
  • Automotive - Market size and forecast 2019-2024
  • Industrial - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • CEVA Inc.
  • Huawei Technologies Co. Ltd
  • Intel Corp.
  • MediaTek Inc.
  • NXP Semiconductors NV
  • Renesas Electronics Corp.
  • Samsung Electronics Co. Ltd.
  • STMicroelectronics NV
  • Synopsys Inc.
  • Texas Instruments Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

© Business Wire 2020

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