Image Signal Processor And Vision Processor Market - Growth, Trends, Covid-19 Impact, And Forecasts

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The Image Signal Processor and Vision Processor Market is expected to witness a substantial growth due to a rise in the adoption of image signal processor and vision Processor systems across a broad range of industry verticals, including consumer electronics, healthcare, automotive, and manufacturing. Notable investments in research, production, and development are also adding to the growth of the market. Besides, advances in electronics and semiconductor organizations that have built low-cost hardware with advanced innovations and abilities have led to the growth of the ISP and VPU industry.

- The market holds enormous growth potential for premium products like smartphones, and the use of cameras and drones for surveillance applications. Furthermore, the surge in the usage of VPUs in security and surveillance cameras, unmanned aerial vehicles (UAVs), and automobiles, among other application areas, is driving the growth of the market.

- The growing demand for high computational capability, rising demand for computer vision applications, increasing adoption of artificial intelligence and machine learning technologies, ...
... and growing need for ASICs are the principal factors that drive market growth.

- The hardware component segment is anticipated to govern the global market and is expected to continue its dominance throughout the forecast period. The demand for AI-enabled ISPs and VPUs is expected to quicken the growth of the software component segment during the forecast period.

- The automotive division is expected to dominate the market throughout the forecast period. The primary determinant influencing the growth of the automotive sector is the adoption of electric and non-electric vehicles provided with advanced driver-assistance systems (ADAS) and infotainment systems.

- Companies like STMicroelectronics provide a wide range of imaging
solutions and continues to enhance customers' products with various product categories, such as CMOS photonic sensors, processors, CMOS image sensors, and CIS foundry.

- Firms, like ARM, has expanded its portfolio to also include image signal processors (ISPs), which is the first major product from its Imaging and Vision Group and a major foray into pushing mobile camera technology forward.

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Key Market Trends

Consumer Electronics to Hold Dominant Size of the Market

- The increasing deployment of ISPs and VPUs in VR products, smartphones, drones, etc., is pushing the image signal Processor and Vision Processor Market for consumer electronics. Constant innovations in these products, inducing advanced features and functionalities, add to their increasing adoption. Demand to bring superior products with upgraded consumer experience and excellent functionalities drive the adoption of ISPs and VPUs by OEMs.

- Fast processors, connectivity, superior camera quality, and applications make smartphones the most thriving consumer electronic devices in terms of their adoption. Unlike phones available now, future smartphones will leverage innovations such as 5G connectivity, machine-learning chips, AI capabilities, and more powerful processing power.

- VPUs, which use dedicated AI chipsets, enhance the user experience by inducing the AI computing capacity to the devices. Growing demand for premium smartphones due to advanced characteristics, such as higher security, faster computing, low latency, and less dependence on connectivity, is expected to encourage the adoption of dedicated AI chips.

APAC to Register Highest CAGR in Market During Forecast Period

- In subsequent years, the Asia-Pacific image signal processor and vision processor market is expected to face profitable development possibilities. This region's demand is attributed to the presence of multiple start-ups of AI processors, which are likely to give the VPU businesses with significant development possibilities soon. Besides, APAC is the home to primary producers of drones and smart camera suppliers that integrate VPUs into their goods.

- The image signal processor and vision processor market is driven principally by the expanding adoption of machine vision systems along with a different range of vertical industries, including consumer electronics and automotive, among others. Also, it is assumed that the arrival of Artificial Intelligence (AI) and machine learning technologies required to program the systems will help in market growth.

- Several robots with vision capabilities are progressively being introduced across the automotive and manufacturing businesses for multiple purposes, including quality control, product inspection, assisting in the various production stages, and security and monitoring, among others. Besides, the growing advances in cars, in particular, autonomous vehicles, are supposed to have a positive impact on the industry.

- The effects of COVID-19 are having a meaningful impact on the technology sector, disturbing the electronics value chain, affecting raw materials supply, and creating an inflationary risk on products. More positively, the disruption has made an expedition of remote working, and an accelerated focus on assessing and de-risking the end-to-end value chain. All these factors collectively could impact the market being studied.

Competitive Landscape

The image signal processor and vision processor market is moderately competitive and consists of several major players. In terms of market share, few of these major players currently dominate the market. These important players with a noticeable share in the market are concentrating on expanding their customer base across different countries. These businesses are leveraging strategic collaborative initiatives to improve their market share and enhance their profitability.

- March 2020 - STMicroelectronics launched its new high-speed image sensors that use global shutter as the preferred mode for capturing distortion-free images when the scene is moving or when near-infrared illumination is needed. ST's advanced image-sensor process technologies enable class-leading pixel size while offering both high sensitivity and low crosstalk.

- Jun 2019 - Cadence Design Systems Inc. announced that Toshiba had implemented the Cadence Tensilica Vision P6 DSPs for its next-generation automotive SoC to meet functional safety requirements. The Vision P6 DSP provides high compute throughput with low power consumption, small core area, and a strong partner ecosystem, and is certified to meet functional safety requirements, making it the ideal choice for automotive applications.

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