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$203.3 Million Worldwide Vision Processing Unit Industry to 2027 - Impact of COVID-19 on the Market

·3 min read

DUBLIN, Jan. 6, 2021 /PRNewswire/ -- The "Vision Processing Unit - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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We bring years of research experience to this 7th edition of our report. The 118-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Vision Processing Unit Market to Reach $2.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Vision Processing Unit estimated at US$203.3 Million in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 39.2% over the analysis period 2020-2027.

Aerospace & Defense, one of the segments analyzed in the report, is projected to record a 42.3% CAGR and reach US$560.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 33.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $61.5 Million, While China is Forecast to Grow at 37.6% CAGR

The Vision Processing Unit market in the U.S. is estimated at US$61.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$339.7 Million by the year 2027 trailing a CAGR of 37.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.7% and 33.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27.2% CAGR.

Healthcare Segment to Record 38.1% CAGR

In the global Healthcare segment, USA, Canada, Japan, China and Europe will drive the 38.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$32.5 Million in the year 2020 will reach a projected size of US$310.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$246.1 Million by the year 2027.

Competitors identified in this market include, among others:

  • Cadence Design Systems, Inc.

  • CEVA, Inc.

  • Imagination Technologies Ltd.

  • Inuitive Ltd.

  • Lattice Semiconductor Corporation

  • MediaTek, Inc.

  • Movidius

  • OT-Morpho

  • Synopsys, Inc.

  • VeriSilicon Holdings Co., Ltd

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Vision Processing Unit Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/ehuvx5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.


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Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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View original content:http://www.prnewswire.com/news-releases/203-3-million-worldwide-vision-processing-unit-industry-to-2027---impact-of-covid-19-on-the-market-301201962.html

SOURCE Research and Markets