Image Signal Processor & Vision Processor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Image Signal Processor & Vision Processor Market Analysis
The image signal processor and vision processor market is expected to register a CAGR of 6.9% during the forecast period. The market is expected to witness 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 research, production, and development investments also add to the market's growth.
- The market holds enormous growth potential for premium products like smartphones and the use of cameras and drones for surveillance applications. Furthermore, a surge in the usage of VPUs in security and surveillance cameras, unmanned aerial vehicles (UAVs), and automobiles, among other application areas, is driving the market's growth.
- 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 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. Increasing advancement and innovation in image signal processors and vision processors for ADAS systems are expected to boost market growth. For instance, in January this year, Light and Cadence Design Systems Inc. unveiled the deployment of the Cadence Tensilica Vision Q7 DSP in Light's Clarity Depth Perception Platform, which enables high-resolution long-range, depth perception utilizing industry-standard cameras to assist advanced driver-assistance systems.
- Although image signal and vision processors offer high performance, their production costs are substantial. It is related to increased cost since producing SoCs requires higher money. This factor raises the customer's ultimate price range and may impede market growth.
- The COVID-19 pandemic slowed the manufacture of several items in the image signal processor and vision processor production equipment industry owing to the continued lockdown in several global regions. Lockdown measures reduced the demand for electronic gadgets, which had a global impact on the semiconductor sector. The continued decline in worldwide demand and automobile export shipments negatively impacted the market, which is expected to slow the demand for semiconductor manufacturing equipment in the long run.
Image Signal Processor & Vision Processor Market Trends
This section covers the major market trends shaping the Image Signal Processor & Vision Processor Market according to our research experts:
Consumer Electronics to Hold Dominant Share of the Market
- The increasing deployment of ISPs and VPUs in VR products, smartphones, drones, etc., boost the image signal processor and vision processor market for consumer electronics. The increasing demand to bring superior products with upgraded consumer experience and excellent functionalities drive OEMs' adoption of ISPs and VPUs.
- Constant innovations in consumer electronics products, inducing advanced features and functionalities, coupled with increasing product launches by market players, add to the rising demand for these processors. For instance, in March this year, STMicroelectronics launched a new line of high-resolution Time-of-Flight (ToF) sensors for smartphones and similar devices. The VD55H1 is the first member of the 3D family, a sensor that maps three-dimensional objects by determining the separation between more than half a million points.
- Fast processors, connectivity, superior camera quality, and applications make smartphones the most thriving consumer electronic devices in terms of their adoption. Unlike current phones, future smartphones will leverage innovations such as high-speed 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 in 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 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, the region is home to primary producers of drones and intelligent 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 and a different range of vertical industries, including consumer electronics and automotive. Also, it is assumed that the arrival of AI and machine learning technologies required to program the systems will help market growth.
- The market demand is increasing in the Asia-Pacific due to increasing production capacities of the electronic industry in countries such as China and Japan, among others. For example, the total production value of the electronics industry in Japan reached close to JPY 11 trillion in 2021. The sector encompasses consumer electronic equipment, industrial electronic equipment, and electronic components and devices.
- Furthermore, Japan's growing merger, acquisition, expansion, and collaboration activities also assist the market's growth. For example, TSMC planned to open its first factory in Japan in October last year in collaboration with Sony. Sony is the world's largest manufacturer of image sensors used in cell phone cameras and other applications. The total investment is estimated to be around 800 billion USD.
- 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 advancement in cars, in particular autonomous vehicles, are supposed to impact the industry positively.
Image Signal Processor & Vision Processor Industry Overview
The image signal processor and vision processor market is moderately competitive and consists of several major players. Some major players operating in the market include STMicroelectronics, Texas Instruments Incorporated, Sigma Corporation, Semiconductor Components Industries LLC, and Fujitsu Ltd. These important market players with a noticeable share in the market are concentrating on expanding their customer base across different countries. They leverage strategic collaborative initiatives to improve their market share and enhance profitability.
In September 2022, Visionary.ai, an image processing technology provider, announced the release of a real-time video denoiser that enhances video picture quality. It has the potential to improve the working circumstances of the vast proportion of the nearly 7 billion image sensors produced each year.
In February 2022, STMicroelectronics' announced the launch of the Intelligent Sensor Processing Unit (ISPU), which combines a Digital Signal Processor (DSP) suited to run AI algorithms and MEMS sensors on the same silicon. A full-precision floating-point unit is included, as well as a fast four-stage pipeline, 16-bit variable-length instructions, and a single-cycle 16-bit multiplier. The interrupt response takes four cycles.
Image Signal Processor & Vision Processor Market Leaders
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STMicroelectronics
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Texas Instruments Incorporated
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Sigma Corporation
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Semiconductor Components Industries LLC
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Fujitsu Ltd
*Disclaimer: Major Players sorted in no particular order
Image Signal Processor & Vision Processor Market News
- June 2022: Arm unveiled a new image signal processor to boost integrated and IoT vision systems. The Mali-C55 offers improved image quality characteristics, functions in a variety of lighting and climate circumstances, and is built to provide maximum performance and capabilities in space and power-restricted applications for edge AI vision usage situations and intelligent camera applications.
- May 2022: Black Sesame Technologies Co. Ltd, a visual processor company, announced that it would begin mass manufacturing its HuaShan-2 A1000 autonomous driving chip. The company was established in 2016 and launched the A1000 chip in June 2020. The A1000 takes sensor inputs from a 4K camera, GPS, IMU, millimeter-wave radar, ultrasonic ranging, and lidar.
- January 2022: Ambarella Inc., an AI vision silicon company, announced its new Artificial Intelligence Image Signal Processor (AISP). CVflow AI engine, the company's new AI-based ISP architecture, utilizes neural networks to augment the image processing done by the hardware ISP integrated into the SoCs (System-on-a-Chip). This approach allows color imaging with low light at minimal noise and deficient lux levels, a 10 to 100X improvement over advanced traditional ISPs, and new levels of high dynamic range (HDR) processing with improved natural color reproduction and higher dynamic range.
Image Signal Processor & Vision Processor Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Adoption of Smartphones
4.2.2 Rising Demand for High-end Computing Capabilities
4.3 Market Restraints
4.3.1 Availability of CPUs and GPUs With High Capabilities
4.3.2 Technological Challenges in Chip Development and Manufacturing
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Technology Snapshot
4.7 Assessment of the Impact of COVID-19 on the Industry
5. MARKET SEGMENTATION
5.1 By Component
5.1.1 Hardware
5.1.2 Software
5.1.3 Services
5.2 By End User
5.2.1 Consumer Electronics
5.2.2 Security and Surveillance
5.2.3 Automotive
5.2.4 Aerospace and Defense
5.2.5 Manufacturing
5.2.6 Healthcare
5.2.7 Other End Users
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 STMicroelectronics
6.1.2 Texas Instruments Incorporated
6.1.3 Sigma Corporation
6.1.4 Semiconductor Components Industries LLC
6.1.5 Fujitsu Ltd
6.1.6 Toshiba Corporation
6.1.7 Samsung Electronics Co. Ltd
6.1.8 Analog Devices Inc.
6.1.9 Broadcom Inc.
6.1.10 NXP Semiconductors NV
6.1.11 Google LLC
6.1.12 Qualcomm Inc.
6.1.13 Xilinx Inc.
6.1.14 Cadence Design Systems Inc.
6.1.15 HiSilicon(Shanghai) Technologies Co. Ltd
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Image Signal Processor & Vision Processor Industry Segmentation
An image signal processor (ISP) is a camera system device used to transform an image into digital form while conducting some operations on them, to get an improved appearance or to extract some valuable information. A vision processing unit (VPU) is a variety of microprocessors that use machine learning and artificial intelligence technologies to provide high-resolution images in respect of ambient light, i.e., related to immediate surroundings, and utilizes less power.
The market is segmented based on component (hardware, software, and services), end user (consumer electronics, security and surveillance, automotive, aerospace and defense, manufacturing, healthcare, and other end users), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa).
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Component | |
| Hardware | |
| Software | |
| Services |
| By End User | |
| Consumer Electronics | |
| Security and Surveillance | |
| Automotive | |
| Aerospace and Defense | |
| Manufacturing | |
| Healthcare | |
| Other End Users |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle East and Africa |
Image Signal Processor & Vision Processor Market Research FAQs
What is the current Image Signal Processor and Vision Processor Market size?
The Image Signal Processor and Vision Processor Market is projected to register a CAGR of 6.90% during the forecast period (2024-2029)
Who are the key players in Image Signal Processor and Vision Processor Market?
STMicroelectronics , Texas Instruments Incorporated , Sigma Corporation, Semiconductor Components Industries LLC and Fujitsu Ltd are the major companies operating in the Image Signal Processor and Vision Processor Market.
Which is the fastest growing region in Image Signal Processor and Vision Processor Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Image Signal Processor and Vision Processor Market?
In 2024, the North America accounts for the largest market share in Image Signal Processor and Vision Processor Market.
What years does this Image Signal Processor and Vision Processor Market cover?
The report covers the Image Signal Processor and Vision Processor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Image Signal Processor and Vision Processor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Image Signal Processor & Vision Processor Industry Report
Statistics for the 2024 Image Signal Processor & Vision Processor market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Image Signal Processor & Vision Processor analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
