Image Signal Processor & Vision Processor Market Size & Share, by Type (Full-Custom, Semi-Custom, Programmable); Components (Hardware, Software, Services); End-user (Consumer Electronics, Security & Surveillance, Automotive, Aerospace & Defense, Manufacturing, Medical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 4264
  • Published Date: Aug 14, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Image Signal Processor & Vision Processor Market size was valued at USD 14.49 billion in 2023 and is expected to exceed USD 54.32 billion by 2036, registering over 10.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of image signal processor & vision processor is evaluated at USD 15.73 billion. The growth of the market can be attributed to growing demand for premium smartphone owing to its advanced features including higher security, faster computing, and more. The premium smartphones witnessed the growth in sales by approximately 55%.

Furthermore, the growing internet penetration is expected to boost the demand for smartphones which in turn is anticipated to fuel the growth of the market for image signal processor & vision processor. In 2019, there were approximately 4 billion internet users, up from estimate 5% over the year 2018. The adoption of internet is higher among the younger age group.


Image Signal Processor & Vision Processor Market  Overview
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Global Image Signal Processor & Vision Processor Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Superior Products with Upgraded Functions- There has been increasing demand for superior products which has encouraged organization to upgrade the functions of their products. In order to facilitate quick integration into both single-use and reusable endoscopes as well as catheters, OMNIVISION Technologies, Inc., announced a significant expansion of its OVMed medical image signal processor (ISP) family. This ISP family pairs with the company's high-performance medical image sensors. Hence the demand for image signal processor & vision processor is expected to increase.
  • Rise in Education Level- A person's highest level of education is referred to as their educational attainment. In 2020, about 89% of people on earth had completed their primary education, whereas approximately 65% had completed their secondary education.
  • Increasing Disposal Income- Household income had a very slight increase which was approximately 0.3% in 2020 as a result of the COVID-19 epidemic, compared to 2019, whereas the growth rate in 2021 was an approximate 2% as contrasted to 2020 in Europe.
  • The Growing Proliferation of Online Businesses and Availability of Affordable Smartphones- As lockdowns became the new normal, firms and customers "went digital," offering and purchasing more goods and services online, increasing e-share commerce's of global retail trade from 14% in 2019 to around 17% in 2020.
  • Rising Scope of Computer Vision Applications - Every developer of computer vision should have access to ML libraries and frameworks. In 2021, major DL libraries like TensorFlow, PyTorch, Keras, and MXNet received regular upgrades and corrections, and this trend is probably going to continue in the future.

Challenges

  • Higher Cost of ISP Chips
  • Technology Restrain in Manufacturing
  • Complex Integrated Components

Image Signal Processor & Vision Processor Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

10.7%

Base Year Market Size (2023)

USD 14.49 billion

Forecast Year Market Size (2036)

USD 54.32 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 
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Image Signal Processor & Vision Processor Segmentation

The global image signal processor & vision processor market is segmented and analysed for demand and supply by end-user into consumer electronics, security and surveillance, automotive, aerospace & defence, manufacturing, and medical. Out of which, the security and surveillance segment is expected to garner the revenue of USD 5,501.6 Million by the end of 2031, by growing with the highest CAGR of 11.7% over the forecast period. The segment holds the revenue of USD 1,409.9 Million in the year 2018. Increasing demand for security and surveillance camera for security purpose is expected to boost the market. Further the segment is anticipated to grow owing to the improved technology in camera for security purpose. For instance, Ambarella Announces AI-Based Image Signal Processing Advancement. In comparison to state-of-the-art traditional ISPs, a new neural network-based ISP improves low-light and HDR processing by up to 100 times. Additionally, the consumer electronics segment is expected to hold the largest revenue of USD 18,224.9 Million by the end of 2031.

Our in-depth analysis of the global image signal processor & vision processor market includes the following segments:

          By Type

  • Full-Custom
  • Semi-Custom
  • Programmable

          By Components

  • Hardware
  • Software
  • Services

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Image Signal Processor & Vision Processor Industry - Regional Synopsis

Asia Pacific region consists of countries such as China, India, Australia, South Korea, Japan, and more. These countries have shown significant improvement in the market for image signal processor & vision processor Asia Pacific is projected to hold 63% industry share by 2036, backed by wide range of start-up companies in the region which are expected to improve the safety of drones. However, the market in Japan is anticipated to grow at the highest CAGR of 12.1% during the forecast period.

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Companies Dominating the Image Signal Processor & Vision Processor Landscape

    • Texas Instruments Incorporated
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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

In the News

  • To stake a bigger bet on the computational camera of the future, Qualcomm Technologies created the Qualcomm Spectra ISP. When Qualcomm Spectra made its debut five years ago, it was already a dual-ISP, in contrast to the majority of ISPs.

  • LightTM and Cadence Design Systems, Inc. today announced the deployment of the Cadence Tensilica Vision Q7 DSP in Light's Clarity Depth Perception Platform, which enables long-range, high-resolution depth perception utilising industry-standard cameras to benefit advanced driver-assistance systems (ADAS).

Author Credits:  Abhishek Verma


  • Report ID: 4264
  • Published Date: Aug 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of image signal processor & vision processor is evaluated at USD 15.73 billion.

Image Signal Processor & Vision Processor Market size was valued at USD 14.49 billion in 2023 and is expected to exceed USD 54.32 billion by 2036, registering over 10.7% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by rise in education level, increasing disposal income, the growing proliferation of online businesses and availability of affordable smartphones, and others.

Asia Pacific is projected to hold 63% industry share by 2036, backed by wide range of start-up companies in the region which are expected to improve the safety of drones.

The major players in the market are Texas Instruments Incorporated, Analog Devices Inc., STMicroelectronics, NXP Semiconductors, ARM Limited, and others key players.
Image Signal Processor & Vision Processor Market Report Scope
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