Image Signal Processor Market Size, Share, Opportunities, And Trends By Component (Hardware, Software, Services), By Technology (Single Instruction Multiple Data, Multiple, Instruction Multiple Data), By Method (Analog Image Processing, Digital Image Processing), By Industry Vertical (Building And Construction, Automotive, Consumer Electronics, Others), And By Geography - Forecasts From 2024 To 2029

  • Published : May 2024
  • Report Code : KSI061615428
  • Pages : 132

The image signal processor market is expected to grow at a CAGR of 8.51% reaching a market size of US$5.203 billion in 2029 from US$2.937 billion in 2022.

Due to an increase in the use of image signal systems and vision processor systems across a variety of industry verticals, such as electronic goods, healthcare, automotive, and manufacturing, the market is anticipated to grow significantly. Premium goods like smartphones and the use of sensors and drones for surveillance purposes have a huge amount of room to grow in the market.

The growing application of VPUs in cars, unmanned aerial vehicles, safety and security cameras, and other areas is driving the market's expansion. The increasing demand for ASICs, high computational capability, machine vision uses, and the growing adoption of artificial intelligence and machine learning (ML) are the primary factors propelling the market's expansion.

Rising demand for artificial reality and virtual reality

The rapid advancement of virtual and augmented reality methods presents a significant opportunity for the image signal processor market. They are essential for providing immersive visual experiences as VR and AR applications are becoming more and more popular in the gaming, education, healthcare, and other sectors of the market. Excellent performance ISPs improve adaptability, colour accuracy, and image clarity—all essential to creating absorbed and lifelike virtual environments.

The market for advanced ISP solutions is being driven by the requirement to provide users with a seamless and visually appealing VR/AR application experience. ISPs provide the video game sector with the resources it needs to create stunning graphics and real photos for virtual reality environments. The demand for advanced ISP solutions is being driven by the need to provide users with a seamless and aesthetically pleasing VR/AR application experience.

ISPs give the video game sector the tools it needs to create stunning graphics and real images for virtual reality environments. By integrating ISPs with VR headsets, users can enjoy more realistic and immersive gaming environments thanks to improved image processing. ISPs also help with real-time image recognition and augmentation in AR applications, which enables users to superimpose digital data in the real world. This gives ISPs a variety of chances to support creative augmented reality solutions in industries like retail, education, and navigation.

Rising technological advancements

Image processing technology improvements and demand for better images to create better viewing experiences have made the market grow significantly. The world population is getting richer, photography is becoming more popular; people are buying more and more electronic devices such as cameras or smartphones, that is why they need additional visual effects for pictures. "High-end smartphones, gaming, surveillance/security, medical, and automotive are just some of the markets figurd in this rise in anticipation of the market's expansion over the forecast timeframe. The market extends by merit of the functionalities performed by an image signal processor, such as edge detection, embossing, sharpening, as well as a quicker and lower price paid for image processing."

Growing automotive industry

A key factor impacting the growth of the image signal processor market is the increased demand for the product in booming industries such as automotive, including the increased adoption of electric vehicles. These modern vehicles are equipped with advanced driver assistance systems, including image signal processors and vision processors. Thus, advancements in image processing technologies for these systems are expected to boost the demand for image signal processors worldwide.

Further, continuous research and development of advanced image processing technologies such as single instruction and multiple instructions multiple data technologies help increase the use cases of image processors, which helps drive the demand for the product even further. Many technical applications, such as surveillance and video analytics, require advanced imaging technologies.

High use of digital image processing technology

This rise is attributed to the increased utilization of digital imaging technology across an array of industries ranging from consumer electronics, healthcare and automotive industries to security. What is pushing the development of sophisticated solutions for handling them are technological advances that entail sensors capable of capturing higher levels of detail, superior processing powers, as well as improved imaging quality. Furthermore, there are different ways in which market expansion is seeking the rise through applications in artificial intelligence, virtual reality, augmented reality, and machine vision.

Asia Pacific is witnessing exponential growth during the forecast period

The Asia-Pacific market for image signal processors and vision processors is anticipated to present lucrative development opportunities in the years to come. The demand in this region is ascribed to the existence of several AI processor start-ups, which will probably present VPU companies with substantial growth opportunities in the forecast period.

Major drone manufacturers reside in this area together with intelligent camera suppliers who integrate VPUs into their products. Growth in machine vision systems usage coupled with numerous vertical industries driven by consumer electronics and automotive have been propelling the image signal processor/ vision processor markets. Additionally, AI and machine learning technologies, which are fundamental to system programming will most likely contribute towards business growth.

Market key launches

  • In November 2023, OMNIVISION, a leading international developer of semiconductor solutions, involving advanced digital imaging, analogue, and touch and display technology, has announced the new OVMed® OH0131 image signal processor (ISP), a simple solution for reusable and disposable endoscopes that connect to handheld tablet consoles or camera control units (CCUs). All OMNIVISION medical image sensors, including the well-known OCHTA, OVM6946, OCHFA, OCHSA, and OCH2B imagers, are supported up to a 2-megapixel (MP) resolution.
  • In September 2022, the image processing technology provider Visionary.ai released a real-time video denoiser that improves the quality of videos. It could enhance the working conditions for a significant percentage of the approximately 7 billion image sensors manufactured annually.
  • In February 2022, the Intelligent Sensor Processing Unit (ISPU), which combines a Digital Signal Processor (DSP) suitable for running AI algorithms and MEMS sensors on the same silicon, was announced by STMicroelectronics. It includes a single-cycle 16-bit multiplier, a fast four-stage pipeline, 16-bit variable-length instructions, and a full-precision floating-point unit. It requires four cycles to respond to an interrupt.

Segmentation:

  • By Component
    • Hardware
    • Software
    • Services
  • By Technology
    • Single Instruction Multiple Data
    • Multiple Instruction Multiple Data
  • By Method
    • Analog Image Processing
    • Digital Image Processing
  • By Industry Vertical
    • Building and Construction
    • Automotive
    • Consumer Electronics
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Image Signal Processor Market was valued at US$2.937 billion in 2022.
The image signal processor market is expected to reach a total market size of US$5.203 billion by 2029.
The global image signal processor market is expected to grow at a CAGR of 8.51% over the forecast period.
The major drivers for the image signal processor market growth include technological advancements in the field of image processing and increased demand for enhanced imaging.
The Asia-Pacific region is expected to hold a significant share of the image signal processor market.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. IMAGE SIGNAL PROCESSOR MARKET, BY COMPONENT

5.1. Introduction

5.2. Hardware

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Software

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Services

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

6. IMAGE SIGNAL PROCESSOR MARKET, BY TECHNOLOGY

6.1. Introduction

6.2. Single Instruction Multiple Data

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Multiple Instruction Multiple Data

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

7. IMAGE SIGNAL PROCESSOR MARKET, BY METHOD

7.1. Introduction

7.2. Analog Image Processing

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Digital Image Processing

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

8. IMAGE SIGNAL PROCESSOR MARKET, BY INDUSTRY VERTICAL

8.1. Introduction

8.2. Building and Construction

8.2.1. Market Trends and Opportunities

8.2.2. Growth Prospects

8.2.3. Geographic Lucrativeness

8.3. Automotive

8.3.1. Market Trends and Opportunities

8.3.2. Growth Prospects

8.3.3. Geographic Lucrativeness

8.4. Consumer Electronics

8.4.1. Market Trends and Opportunities

8.4.2. Growth Prospects

8.4.3. Geographic Lucrativeness

8.5. Others

8.5.1. Market Trends and Opportunities

8.5.2. Growth Prospects

9. IMAGE SIGNAL PROCESSOR MARKET, BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Component

9.2.2. By Technology

9.2.3. By Method

9.2.4. By Industry Vertical

9.2.5. By Country

9.2.5.1. USA

9.2.5.1.1. Market Trends and Opportunities

9.2.5.1.2. Growth Prospects

9.2.5.2. Canada

9.2.5.2.1. Market Trends and Opportunities

9.2.5.2.2. Growth Prospects

9.2.5.3. Mexico

9.2.5.3.1. Market Trends and Opportunities

9.2.5.3.2. Growth Prospects

9.3. South America

9.3.1. By Component

9.3.2. By Technology

9.3.3. By Method

9.3.4. By Industry Vertical

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.1.1. Market Trends and Opportunities

9.3.5.1.2. Growth Prospects

9.3.5.2. Argentina

9.3.5.2.1. Market Trends and Opportunities

9.3.5.2.2. Growth Prospects

9.3.5.3. Others

9.3.5.3.1. Market Trends and Opportunities

9.3.5.3.2. Growth Prospects

9.4. Europe

9.4.1. By Component

9.4.2. By Technology

9.4.3. By Method

9.4.4. By Industry Vertical

9.4.5. By Country

9.4.5.1. Germany

9.4.5.1.1. Market Trends and Opportunities

9.4.5.1.2. Growth Prospects

9.4.5.2. France

9.4.5.2.1. Market Trends and Opportunities

9.4.5.2.2. Growth Prospects

9.4.5.3. United Kingdom

9.4.5.3.1. Market Trends and Opportunities

9.4.5.3.2. Growth Prospects

9.4.5.4. Spain

9.4.5.4.1. Market Trends and Opportunities

9.4.5.4.2. Growth Prospects

9.4.5.5. Others

9.4.5.5.1. Market Trends and Opportunities

9.4.5.5.2. Growth Prospects

9.5. Middle East and Africa

9.5.1. By Component

9.5.2. By Technology

9.5.3. By Method

9.5.4. By Industry Vertical

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.1.1. Market Trends and Opportunities

9.5.5.1.2. Growth Prospects

9.5.5.2. UAE

9.5.5.2.1. Market Trends and Opportunities

9.5.5.2.2. Growth Prospects

9.5.5.3. Israel

9.5.5.3.1. Market Trends and Opportunities

9.5.5.3.2. Growth Prospects

9.5.5.4. Others

9.5.5.4.1. Market Trends and Opportunities

9.5.5.4.2. Growth Prospects

9.6. Asia Pacific

9.6.1. By Component

9.6.2. By Technology

9.6.3. By Method

9.6.4. By Industry Vertical

9.6.5. By Country

9.6.5.1. China

9.6.5.1.1. Market Trends and Opportunities

9.6.5.1.2. Growth Prospects

9.6.5.2. Japan

9.6.5.2.1. Market Trends and Opportunities

9.6.5.2.2. Growth Prospects

9.6.5.3. India

9.6.5.3.1. Market Trends and Opportunities

9.6.5.3.2. Growth Prospects

9.6.5.4. South Korea

9.6.5.4.1. Market Trends and Opportunities

9.6.5.4.2. Growth Prospects

9.6.5.5. Indonesia

9.6.5.5.1. Market Trends and Opportunities

9.6.5.5.2. Growth Prospects

9.6.5.6. Taiwan

9.6.5.6.1. Market Trends and Opportunities

9.6.5.6.2. Growth Prospects

9.6.5.7. Others

9.6.5.7.1. Market Trends and Opportunities

9.6.5.7.2. Growth Prospects

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Samsung Electronics Co., Ltd.

11.2. Qualcomm Technologies, Inc.

11.3. Sony Corporation

11.4. OmniVision Technologies, Inc.

11.5. ON Semiconductor (BelGaN Group BV)

11.6. STMicroelectronics N.V.

11.7. Himax Technologies, Inc.

11.8. Mouser Electronics (TTI).

11.9. Canon Inc.

11.10. SK Hynix Inc.


Samsung Electronics Co., Ltd.

Qualcomm Technologies, Inc.

Sony Corporation

OmniVision Technologies, Inc.

ON Semiconductor (BelGaN Group BV)

STMicroelectronics N.V.

Himax Technologies, Inc.

Mouser Electronics (TTI).

Canon Inc.

SK Hynix Inc.