Vision Processing Unit Market

Movidius (US) and MediaTek (Taiwan) are the Top 2 Players in the Vision Processing Unit Market

The vision processing unit market is estimated to grow from USD 168.2 Million in 2018 to USD 946.0 Million by 2023, at a CAGR of 41.26% between 2018 and 2023. The increasing demand for robotics and drones is likely to create lucrative opportunities for VPU providers. The increasing demand for high computational capability, growing demand for computer vision applications, rising adoption of artificial intelligence and machine learning technologies, and rising need for ASICs are some of the key factors driving the vision processing unit market growth.

The key players operating in the vision processing unit market are MediaTek (Taiwan), Cadence (US), CEVA (US), Synopsys (US), Movidius (US), Inuitive (Israel), Lattice semiconductor (US), VeriSilicon (China), Imagination Technologies (UK), and Morpho (Japan). Most leading companies focus on organic growth strategies such as product launches and developments and inorganic strategies such as agreements, partnerships, and collaborations to boost their revenues.

Top 2 Players in the Vision Processing Unit Market:

Movidius is expected to hold a leading position in the global VPU market due to its robust product portfolio. Movidius is a vision processor company that designs compact, high-performance, ultra-low power, computational imaging, and vision processing chips, software and development tools, and reference designs. The company’s vision SoCs are meant for the application areas such as augmented reality, virtual reality, computational photography, drones, and surveillance systems. After being acquired by Intel, the company has necessary resources to increase its reach to new customers further. The company is now focusing on forming long-term partnerships with customers from different applications areas. For instance, in June 2016, the company entered into a partnership agreement with Lenovo to supply Myriad 2 VPU for Lenovo’s next-generation VR products. Thus, Movidius, being the only supplier of standalone VPU SoCs for machine vision purpose, is likely to continue to be at the leading position in the VPU market.

MediaTek is one of the key players in the global vision processing unit market. It is one of the largest chip designing companies in the world, and its fabrication services are capable of manufacturing SoCs for entry-level as well as high-end markets. MediaTek develops tightly integrated, power-efficient systems-on-chip (SoC) for applications such as mobile devices, home entertainment, network and connectivity, automated driving, and IoT. MediaTek is renowned for its process technology and product innovations. It is a well-known company for manufacturing SoCs at optimum costs, which helps its customers in enhancing their products. Owing to its ability to design processing platforms for low-end and high-end mobile devices, it can attract a wide range of customers. Currently, MediaTek is offering 2 SoCs, Helio X30 and Helio P30, which have integrated VPUs and a Digital Signal Processing (DSP) designed by Tensilica Inc., a company now operating as a subsidiary of Cadence Design Systems. The company is focusing on both high-end and mid-range smartphones by offering 2 VPU-enabled SoCs that help to shed the processing load from CPUs and GPUs to handle task related to computational photography.

Related Reports:

Vision Processing Unit Market by Application (Drones, Surveillance Cameras, Autonomous Vehicles, Smartphones, Wearable Devices, Domestic & Commercial Robots), Vertical (Consumer, Industrial, Automotive), and Geography - Global Forecast to 2023

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Report Code
SE 5929
Published ON
Jan, 2018
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