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Vision Processing Unit Market by End-user and Region - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 147
  • SKU: IRTNTR43075
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The predicted growth of the vision processing unit market share from 2021 to 2026 is USD 2.05 billion at a progressing CAGR of 20.07%.

This vision processing unit market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The vision processing unit market report also offers information on several market vendors, including Alphabet Inc., Cadence Design Systems Inc., CEVA Inc., Fuzhou Rockchip Electronics Co. Ltd., GEO Semiconductor Inc., Huawei Technologies Co. Ltd., Imagination Technologies Ltd., Intel Corp., Inuitive Ltd., Lattice Semiconductor Corp., MediaTek Inc., Novatek Microelectronics Corp., NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., Shanghai Coolcore Microelectronics Co. Ltd., STMicroelectronics International NV, Synopsys Inc., Texas Instruments Inc., and VeriSilicon Microelectronics (Shanghai) Co. Ltd. among others.

This report extensively covers vision processing unit market segmentation by the following:

  • Type - Consumer electronic, Automotive, Industrial, and Others
  • Geography - North America, APAC, Europe, South America, and Middle East and Africa

What will the Vision Processing Unit Market Size be During the Forecast Period?

Vision Processing Unit Market Size

Download the Free Report Sample to Unlock the Vision Processing Unit Market Size for the Forecast Period and Other Important Statistics

 

Vision Processing Unit Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing adoption of deep learning and ai is notably driving the vision processing unit market growth, although factors such as high cost of VPUs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vision processing unit industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vision Processing Unit Market Driver

  • One of the key factors driving growth in the vision processing unit market is the growing adoption of deep learning and AI.
  • AI allows computers to perform functions such as learning, reasoning, and problem-solving, which generally require human intelligence. AI collects, analyzes, and stores large volumes of real-time data.
  • In many countries, the government is focusing on the development of AI.
  • The growth of the market is driven by the increasing use of AI in consumer electronics, the rising adoption of robots in factories, as well as for combating the various cybersecurity threats across the world. 
  • The growing adoption of AI in several sectors will increase the demand for VPUs, which are used for image processing for visual awareness. Hence, the growing adoption of deep learning and AI will drive the growth of the global VPU market during the forecast period.

Key Vision Processing Unit Market Trend

  • The rapid adoption of drones is a vision processing unit market trend that is expected to have a positive impact in the coming years.
  • Drones are extensively used for surveillance and rescue, emergency response, high-altitude imaging, forest fire monitoring, flood mapping, humanitarian aid, product delivery, oil spill monitoring, Internet connectivity, and photography. They are also used for environmental monitoring and mapping, soil moisture imaging, hyperspectral imaging, plume dispersion and tracking, in-site atmospheric monitoring, and aerosol source determination.
  • Drones are equipped with cameras and sonar sensors, which are plugged into the VPU. Hence, drones can map and understand the environment. For instance, the Phantom 4 drone by DJI is integrated with Intel Movidius Myriad 2 VPU to accelerate the drone's ability to fly autonomously and avoid objects.
  • Some market vendors are obtaining approval from regulatory agencies to launch commercial drone delivery services globally.
  • Many drone manufacturers are integrating drones with VPU microprocessors. Technavio expects the growing adoption of drones in several sectors to increase the demand for VPUs.

Key Vision Processing Unit Market Challenge

  • The high cost of VPUs will be a major challenge for the vision processing unit market during the forecast period.
  • End-user sectors such as consumer electronics, industrial, and automotive find it challenging to incorporate VPUs due to their high cost. VPUs are new and emerging microprocessors. Hence, sophisticated design equipment such as semiconductor manufacturing and test equipment and intellectual property rights are required.
  • VPUs are being incorporated into high-end smartphones. Hence, their cost increases.
  • Depending on end-user requirements, different specifications of next-generation VPUs must be designed and developed. Therefore, significant R and D investments are required.
  • The high cost of integrating VPUs in ICs results in increases in their cost, which is passed on to the consumers by OEMs. 

This vision processing unit market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global vision processing unit market as a part of the global semiconductors market, within the overall global semiconductors and semiconductor equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vision processing unit market during the forecast period.

Who are the Major Vision Processing Unit Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Alphabet Inc.
  • Cadence Design Systems Inc.
  • CEVA Inc.
  • Fuzhou Rockchip Electronics Co. Ltd.
  • GEO Semiconductor Inc.
  • Huawei Technologies Co. Ltd.
  • Imagination Technologies Ltd.
  • Intel Corp.
  • Inuitive Ltd.
  • Lattice Semiconductor Corp.
  • MediaTek Inc.
  • Novatek Microelectronics Corp.
  • NXP Semiconductors NV
  • Renesas Electronics Corp.
  • Samsung Electronics Co. Ltd.
  • Shanghai Coolcore Microelectronics Co. Ltd.
  • STMicroelectronics International NV
  • Synopsys Inc.
  • Texas Instruments Inc.
  • VeriSilicon Microelectronics (Shanghai) Co. Ltd.

 

This statistical study of the vision processing unit market encompasses successful business strategies deployed by the key vendors. The vision processing unit market is fragmented and the vendors are deploying growth strategies such as focusing on acquiring other smaller brands to increase their market presence to compete in the market.

Product Insights and News

  • ceva-dsp.com - The company offers vision processing units designed to bring deep learning and artificial intelligence capabilities to low power embedded systems.

  • ceva-dsp.com - Under the unified segment, the company is involved in offering wide range of product and services in the category of sensor fusion technology, computer vision technology, turnkey chip design services, artificial and deep learning and many more.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vision processing unit market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Vision Processing Unit Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the vision processing unit market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Vision Processing Unit Market?

Vision Processing Unit Market Market segmentation by region

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33% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for vision processing units in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for consumer electronic devices due to the rising disposable income of people will facilitate the vision processing unit market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 affected various industries, including the global VPU market. Furthermore, major electronics manufacturing hubs were temporarily shut down to curb the spread of COVID-19. In 2021, Owing to the relaxation of lockdown restrictions and large-scale vaccination drives, the production of semiconductors resumed. The trend of huge demand for VPU chips is expected to remain the same thereby growing the market in the region during the forecast period.

What are the Revenue-generating Type Segments in the Vision Processing Unit Market?

Vision Processing Unit Market Segmentation

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The vision processing unit market share growth by the chromatography segment will be significant during the forecast period. The consumer electronics segment considers the sales of ICs that integrate VPUs to OEMs that manufacture consumer electronic products such as AR and VR devices, consumer drones, smart cameras, and smartphones. The growing demand for such electronic devices and the implementation of HMI technology on the Internet of Things (IoT) devices drive the growth of the consumer electronics segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the vision processing unit market size and actionable market insights on post COVID-19 impact on each segment.

 

Vision Processing Unit Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.07%

Market growth 2022-2026

$ 2.05 billion

Market structure

Fragmented

YoY growth (%)

18.56

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 33%

Key consumer countries

US, Canada, China, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alphabet Inc., Cadence Design Systems Inc., CEVA Inc., Fuzhou Rockchip Electronics Co. Ltd., GEO Semiconductor Inc., Huawei Technologies Co. Ltd., Imagination Technologies Ltd., Intel Corp., Inuitive Ltd., Lattice Semiconductor Corp., MediaTek Inc., Novatek Microelectronics Corp., NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., Shanghai Coolcore Microelectronics Co. Ltd., STMicroelectronics International NV, Synopsys Inc., Texas Instruments Inc., and VeriSilicon Microelectronics (Shanghai) Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Data Covered in this Vision Processing Unit Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive vision processing unit market growth during the next five years
  • Precise estimation of the vision processing unit market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the vision processing unit industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough 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

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Consumer electronic - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Consumer electronic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Consumer electronic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Consumer electronic - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Consumer electronic - Year-over-year growth 2021-2026 (%)
    • 5.4 Automotive - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.5 Industrial - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Industrial - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Industrial - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Type
      • Exhibit 44: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 CEVA Inc.
              • Exhibit 97: CEVA Inc. - Overview
              • Exhibit 98: CEVA Inc. - Product / Service
              • Exhibit 99: CEVA Inc. - Key news
              • Exhibit 100: CEVA Inc. - Key offerings
            • 10.4 Huawei Technologies Co. Ltd.
              • Exhibit 101: Huawei Technologies Co. Ltd. - Overview
              • Exhibit 102: Huawei Technologies Co. Ltd. - Business segments
              • Exhibit 103: Huawei Technologies Co. Ltd. - Key offerings
              • Exhibit 104: Huawei Technologies Co. Ltd. - Segment focus
            • 10.5 Intel Corp.
              • Exhibit 105: Intel Corp. - Overview
              • Exhibit 106: Intel Corp. - Business segments
              • Exhibit 107: Intel Corp. - Key news
              • Exhibit 108: Intel Corp. - Key offerings
              • Exhibit 109: Intel Corp. - Segment focus
            • 10.6 MediaTek Inc.
              • Exhibit 110: MediaTek Inc. - Overview
              • Exhibit 111: MediaTek Inc. - Business segments
              • Exhibit 112: MediaTek Inc. - Key news
              • Exhibit 113: MediaTek Inc. - Key offerings
              • Exhibit 114: MediaTek Inc. - Segment focus
            • 10.7 NXP Semiconductors NV
              • Exhibit 115: NXP Semiconductors NV - Overview
              • Exhibit 116: NXP Semiconductors NV - Product / Service
              • Exhibit 117: NXP Semiconductors NV - Key news
              • Exhibit 118: NXP Semiconductors NV - Key offerings
            • 10.8 Renesas Electronics Corp.
              • Exhibit 119: Renesas Electronics Corp. - Overview
              • Exhibit 120: Renesas Electronics Corp. - Business segments
              • Exhibit 121: Renesas Electronics Corp. - Key offerings
              • Exhibit 122: Renesas Electronics Corp. - Segment focus
            • 10.9 Samsung Electronics Co. Ltd.
              • Exhibit 123: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 124: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 125: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 126: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 127: Samsung Electronics Co. Ltd. - Segment focus
            • 10.10 STMicroelectronics International NV
              • Exhibit 128: STMicroelectronics International NV - Overview
              • Exhibit 129: STMicroelectronics International NV - Business segments
              • Exhibit 130: STMicroelectronics International NV - Key news
              • Exhibit 131: STMicroelectronics International NV - Key offerings
              • Exhibit 132: STMicroelectronics International NV - Segment focus
            • 10.11 Synopsys Inc.
              • Exhibit 133: Synopsys Inc. - Overview
              • Exhibit 134: Synopsys Inc. - Business segments
              • Exhibit 135: Synopsys Inc. - Key offerings
              • Exhibit 136: Synopsys Inc. - Segment focus
            • 10.12 Texas Instruments Inc.
              • Exhibit 137: Texas Instruments Inc. - Overview
              • Exhibit 138: Texas Instruments Inc. - Business segments
              • Exhibit 139: Texas Instruments Inc. - Key news
              • Exhibit 140: Texas Instruments Inc. - Key offerings
              • Exhibit 141: Texas Instruments Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 142: Inclusions checklist
                • Exhibit 143: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 144: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 145: Research methodology
                • Exhibit 146: Validation techniques employed for market sizing
                • Exhibit 147: Information sources
              • 11.5 List of abbreviations
                • Exhibit 148: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Vision Processing Unit Market market growth will increase by $2.05 bn during 2022-2026.
              The vision processing unit market market is expected to grow at a CAGR of 20.07% during 2022-2026.
              Technavio has segmented the vision processing unit market market by type (Consumer electronic, Automotive, Industrial, and Others) ,geography (North America, APAC, Europe, South America, and Middle East and Africa) , and geographic (North America, APAC, Europe, and South America).
              Alphabet Inc., Cadence Design Systems Inc., CEVA Inc., Fuzhou Rockchip Electronics Co. Ltd., GEO Semiconductor Inc., Huawei Technologies Co. Ltd., Imagination Technologies Ltd., Intel Corp., Inuitive Ltd., Lattice Semiconductor Corp., MediaTek Inc., Novatek Microelectronics Corp., NXP Semiconductors NV, Renesas Electronics Corp., Samsung Electronics Co. Ltd., Shanghai Coolcore Microelectronics Co. Ltd., STMicroelectronics International NV, Synopsys Inc., Texas Instruments Inc., VeriSilicon Microelectronics (Shanghai) Co. Ltd. are a few of the key vendors in the vision processing unit market market.
              APAC will register the highest growth rate of 33% among the other regions. Therefore, the vision processing unit market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the vision processing unit market market growth are:
              • growing adoption of deep learning and AI
              • Rapid adoption of drones
              The vision processing unit market market vendors should focus on grabbing business opportunities from the consumer electronic segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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