Image Signal Processor and Vision Processor Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
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.
Key HighlightsThe 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.
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