Vision Processing Unit Market Size to Grow by USD 2.05 Bn at a CAGR of 20.07%| Chromatography segment is expected to witness lucrative growth | Technavio
NEW YORK, May 27, 2022 /PRNewswire/ -- The Vision Processing Unit Market size is expected to grow by USD 2.05 billion with a YOY growth of 18.56% during the forecast period. The increased adoption of deep learning and AI is one of the primary drivers driving growth in the vision processing unit market. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.
This market research report extensively covers Vision Processing Unit Market segmentations by the following:
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Vision Processing Unit Market Dynamics
The increased adoption of deep learning and AI is one of the primary drivers driving growth in the vision processing unit market. AI enables computers to execute tasks that would normally need human intelligence, such as learning, reasoning, and problem-solving. AI acquires, analyses, and stores massive amounts of data in real-time. The government in several nations is working on AI development. The expanding usage of AI in consumer electronics, the increased deployment of robots in manufacturing, and the need to tackle numerous cybersecurity threats around the world are all driving the market forward.
A vision processing unit market trend that is predicted to have a beneficial impact in the coming years is the rising use of drones. Drones come with cameras and sonar sensors that are connected to the VPU. Drones may thus map and comprehend the environment. Regulatory agencies are giving some market vendors permission to establish commercial drone delivery services around the world. Many drone manufacturers are using VPU microprocessors in their products. According to Technavio, the increased use of drones in a variety of industries would boost demand for VPUs.
The high cost of VPUs will be a major challenge for the visual processing unit market. Due to their high cost, VPUs are difficult to integrate with end-user industries such as consumer electronics, industrial, and automotive. VPUs are relatively new microprocessors. As a result, advanced design equipment, such as semiconductor production and test equipment, as well as intellectual property rights, are needed. Smartphones with VPUs are becoming more common. As a result, their price rises.
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Vision Processing Unit Market Segmentation
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Vision Processing Unit Market Vendor
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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