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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
10.7% |
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Base Year Market Size (2023) |
USD 14.49 billion |
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Forecast Year Market Size (2036) |
USD 54.32 billion |
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Regional Scope |
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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:
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By Type |
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By Components |
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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.
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
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