MarketsandMarkets’ report "Vision Processing Unit Market by Application, Vertical, and Geography - Global Forecast to 2023", forecasts market growth from $168.2 Million in 2018 to $946.0 Million by 2023 at a CAGR of 41.26% between 2018 and 2023. The growth of this market is driven by factors such as demand for computational capability, computer vision applications, plus rising adoption of artificial intelligence and machine learning technologies, and rising need for ASICs.
Highlights of the Report
Consumer vertical held the largest share of the vision processing unit market in 2017
Market for drones expected to grow at the highest CAGR between 2018 and 2023
APAC held the largest market size in 2017 and is expected to witness the highest CAGR during the forecast period
The major players in the ecosystem of the vision processing market are MediaTek (Taiwan), Cadence Design Systems (US), CEVA (US), Synopsys (US), Movidius (US), Inuitive (Israel), Lattice Semiconductor (US), VeriSilicon (China), and Imagination Technologies (UK).
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