Research Nester published a report titled “Image Signal Processor & Vision Processor Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global image signal processor & vision processor market in terms of market segmentation by type, end-user, components, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global image signal processor & vision processor market is anticipated to grow with a CAGR of 11.1% over the forecast period, i.e., 2022-2031. The market is segmented by end-user into consumer electronics, security & surveillance, automotive, aerospace & defence, manufacturing, and medical. Out of these segments, security & surveillance segment is anticipated to garner the largest revenue of USD 5,501.6 Million by the end of 2031. Further, in the year 2018, the segment generated a revenue of USD 1,409.9 Million.
The global image signal processor & vision processor market is estimated to garner a revenue of USD 35,088.2 Million, up from a revenue of USD 9,555.5 Million in the year 2018. Growing demand for superior products with upgraded function, rise in education level, and increasing disposal income are some of the major factors expected to drive the growth of the market in the forecast period.
Geographically, the global image signal processor & vision processor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Amongst these regions, market in Asia Pacific Region is projected to garner the largest revenue of USD 22,140.7 Million by the end of 2031. Additionally, in the year 2018, the market in the Asia Pacific region generated a revenue of USD 5,781.1 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Demand for Superior Products with Upgraded Functions
OMNIVISION Technologies, Inc., announced a significant expansion of its OVMed medical image signal processor (ISP) family in order to permit speedy integration into both single-use and reusable endoscopes as well as catheters. The high-performance medical image sensors from the business pair with this ISP series.
The growing demand for high-quality items has prompted businesses to improve the features of their products. As a result, more people are likely to need image signal processors and vision processors.
However, higher cost of ISP chips, technology restrain in manufacturing, and complex integrated components which are expected to operate as key restraint to the growth of global image signal processor & vision processor market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global image signal processor & vision processor market which includes company profiling of Texas Instruments Incorporated, Analog Devices Inc., STMicroelectronics, NXP Semiconductors, ARM Limited, Qualcomm Technologies, Inc., Cadence Design Systems Inc., Broadcom Inc., Fujitsu Ltd., Toshiba Corporation, Samsung, and Hitachi, Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global image signal processor & vision processor market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.