Image Signal Processor & Vision Processor Market Size

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.

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 Size