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Vision Processing Unit Market Share

Report ID: GMI8745
Published Date: Mar 2024
Report Format: PDF

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Vision Processing Unit Market Share

Intel Corporation and Qualcomm Technologies, Inc. are prominent players in the Vision Processing Unit (VPU) market and holds the significant share of over 35% in the market. Intel, a leading semiconductor manufacturer, offers a range of VPUs tailored for applications such as autonomous vehicles, smart cameras, and augmented reality devices. Their VPUs leverage advanced AI algorithms to enable real-time image recognition and processing, enhancing user experiences and system performance. On the other hand, Qualcomm Technologies specializes in mobile technologies and provides VPUs optimized for smartphones, drones, and other portable devices. These VPUs enable efficient image processing, power management, and support for AI-driven features in mobile applications.

Some of the major players in the market are MediaTek Inc., NVIDIA Corporation, Advanced Micro Devices, Inc. (AMD), Google LLC (for its Tensor Processing Unit), Ambarella, Inc. These major players applying strategies like product innovations and mergers and acquisitions. Also, companies are involved in several growth and expansion strategies to gain a competitive advantage in the market.

Vision Processing Unit Market Companies

Major players operating in the industry are:

Intel Corporation
Qualcomm Technologies, Inc.
MediaTek Inc.
NVIDIA Corporation
Advanced Micro Devices, Inc. (AMD)
Google LLC (for its Tensor Processing Unit)
Ambarella, Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for vision processing unit was valued at over USD 3 billion in 2023 and is estimated to surpass USD 8.5 billion by 2032, driven by the increasing demand for AI & ML technologies across various industries.

The security & surveillance segment of VPU market is expected to register a CAGR of over 13% through 2032, attributed to features like facial recognition, object detection, behavior analysis, and anomaly detection.

Asia Pacific vision processing unit market accounted for a revenue share of over 36% in 2023 and will continue to grow over 2024-2032, propelled by the rapid technological advancements, increasing adoption of AI & ML technologies, and proliferation of smartphones, drones, and surveillance systems.

Intel Corporation, Qualcomm Technologies, Inc., MediaTek Inc., NVIDIA Corporation, Advanced Micro Devices, Inc. (AMD), Google LLC (for its Tensor Processing Unit), and Ambarella, Inc.