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Image Signal Processor Market Research Report - Global Forecast till 2027

Image Signal Processor Market Research Report: By Component (Hardware, Software, Services), Image Processing Method (Analog Image Processing, Digital Image Processing), Image Type (1D, 2D, 3D), Technology (Single Instruction Multiple Data (SIMD), Multiple Instruction Multiple Data (MIMD)), Application (Smart Cities, Security and internet protocol (IP) cameras, Automotive, Gaming, Smartphones, Smart homes, Drones, Personal Robots, Others), By Region (North America, Europe, Asia-Pacific, Middle East & Africa, Central & South Amer...

ID: MRFR/SEM/7126-HCR | February 2021 | Region: Global | 111 pages

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Image Signal Processor Market Overview


The Global Image Signal Processor Market was valued at USD 2.67 Billion in 2018 and is expected to reach USD 4.12 Billion by the end of the forecast period with a compound annual growth rate (CAGR) of 6.49%. The conversion of raw picture data into a finished image that may be used for computer vision applications is referred to as image signal processing. The light collected from an optical lens is converted to an electronic format by an image sensor. This information is supplied to an image signal processor (ISP), which creates a picture that can be seen on a display screen. Not only does ISP convert raw images, but it also improves illumination and image quality. Additional lights are embedded within the camera module to achieve this, and the raw image is processed using a sophisticated ISP. Due to an increase in the usage of image signal processors and vision processor systems across a broad variety of industrial verticals, such as consumer electronics, healthcare, automotive, and manufacturing, the Image Signal Processor and Image Signal Processor Market Growth is likely to develop significantly. Significant investments in research, production, and development are also contributing to the Image Signal Processor Industry and Image Signal Processor Market Opportunities expansion. Also, the ISP and VPU industries have grown as a result of developments in electronics and semiconductor companies that have created low-cost hardware with significant innovations and capabilities.


COVID-19 Analysis


The COVID-19 epidemic has wreaked havoc on several businesses, including the Image Signal Processor Market and Image Signal Processor Market Share. For businesses to collect and analyze data in real-time, continuous research and application of image signal processing methods would be extremely beneficial. The current circumstance, as a result of the emergence of the virus, is expected to motivate major actors to continue developing image processing technology, which will eventually replace standard text with visuals, 3-D images, and real-time video. The COVID-19 epidemic has had an impact on Image Signal Processor Market Size and supply chains in East Asia and South Asia & Pacific. Due to poor end-user demand, many manufacturers have discontinued production or are operating with limited production quantities, reducing market growth. The adoption of image signal processors across multiple industries, on the other hand, has been relatively unaffected, and the industry is predicted to rebound quickly by Q1-Q2 2021.


Market Dynamics


Drivers


The global Image Signal Processor Market Share is influenced by several variables. Advanced driver-assistance systems (ADAS) and infotainment systems, include escalating demand and Image Signal Processor Market Opportunities for visual analytics to turn raw data into a visible image and expanding demand for high-power processing. Because of the shrinking of SoCs and developments in artificial intelligence (AI) technology, the Image Signal Processor Industry is also predicted to rise. The main reasons driving the Image Signal Processor Market Growth include expanding demand for high computational capabilities, rising demand for computer vision applications, increasing acceptance of artificial intelligence and machine learning technologies, and rising demand for ASICs during the Image Signal Processor Market Analysis.


Restraints


However, the expansion of the image signal processors market is being hampered by high startup costs, which vary based on the system, and limited demand for the product in different nations during the Image Signal Processor Market Analysis. The worldwide image signal processors market is further hampered by a lack of information about its capabilities and a restricted development environment, among other things. The global image signal processing market may be hampered by technical difficulties in generating clearer images.


Technology Analysis


The image signal processor (ISP) is a camera system component that converts an image into digital form while performing operations on it to improve the image or extract useful information. A vision processing unit (VPU) is a type of microprocessor that employs machine learning and artificial intelligence to produce high-resolution images concerning ambient light, i.e., the immediate environment while consuming less power. Throughout the projected period, the automotive division is expected to dominate the market. The adoption of electric and non-electric vehicles with advanced driver-assistance systems (ADAS) and infotainment systems is the key determinant impacting the automotive sector's growth.


Segment Overview


The Image Signal Processor Market has been bifurcated into various segments that will help the market to achieve the highest CAGR during the research period and provide a better Image Signal Processor Market Outlook. The Image Signal Processor Market Segments are as follows:


Image Signal Processor Market, By Component



  • Hardware

  • Software

  • Services


Image Signal Processor Market, By Image Processing



  • Analog image processing

  • Digital image processing.


Image Signal Processor Market, By Image Type



  • 1D

  • 2D

  • 3D


Image Signal Processor Market, By Technology



  • Single instruction multiple data (SIMD)

  • Multiple instructions multiple data (MIMD)


Image Signal Processor Market, By Application



  • Smart cities

  • Security and internet protocol (IP) cameras

  • Automotive

  • Gaming

  • Smartphones

  • Smart homes

  • Drones

  • Personal robots

  • Others


Image Signal Processor Market, By Region



  • North America

  • Europe

  • Asia-Pacific

  • The Middle East & Africa

  • Central & South America


Regional Classification


The market for image signal processors is predicted to be dominated by Asia-Pacific. In countries like Japan, advances in image sensing and processing technologies have prompted enterprises to produce technology-compliant camera modules. The image signal processor market in Asia-Pacific has grown as a result of this. The market in North America, on the other hand, is expected to increase at the fastest rate over the projected period. The demand for system-on-chip (SoC) miniaturization has prompted semiconductor companies such as Xilinx, Texas Instruments Incorporated, Intel Corporation, and ON Semiconductor to create technologies that support chip miniaturization.


Competitive Landscape


To stay competitive in the worldwide image signal processor market, manufacturers are concentrating on expanding their portfolio of image signal processor products. To do so, the corporations have allocated a considerable portion of their income to research and development. These firms also concentrate on developing AI-enabled image signal processors that can suit the needs of ADAS and entertainment systems in autos, resulting in a diverse customer base. Furthermore, to extend their regional presence and get a competitive edge in the global image signal processor market, these businesses use inorganic growth tactics such as acquisitions, partnerships, joint ventures, and collaborations as part of their market development strategy. The major key players in the market are as follows:



  • STMicroelectronics (Switzerland)

  • THine Electronics, Inc. (Japan)

  • Arm Limited (UK)

  • Intel Corporation (US)

  • ON Semiconductor (US)

  • Texas Instruments Incorporated (US)

  • Leica Geosystems (Germany)

  • Sigma Corporation (Japan)

  • Fujitsu (Japan)

  • Panasonic Corporation (Japan)

  • Xperi Corporation (US)

  • Nikon Corporation (Japan)

  • Sony Corporation (Japan)

  • Canon Inc. (Japan)

  • OmniVision Technologies, Inc. (US)

  • Xilinx (US)

  • Seiko Epson Corporation (Japan)

  • NXP Semiconductors (Netherlands)

  • OMNITEK (UK)

  • Konica Minolta, Inc. (Japan)

  • Socionext Inc. (Japan)


Recent Developments



  • Qualcomm unveiled its integrated picture signal processor with artificial intelligence (AI). Multi-frame noise reduction, hardware depth sensing, object classification, and object segmentation are all expected to be supported by the Qualcomm Spectra 380.

  • MM Solutions and Renesas Electronics collaborated to include an open image signal processor (ISP) solution into the latter's Automotive Camera Development Kit (AutoCDK). Renesas' R-Car V3M and R-Car V3H System-on-Chips (SoCs) include the ISP solution, which is expected to speed up the development of automotive smart camera applications.

  • The first image signal processor (ISP) designed for the automobile market was released by ARM Limited. The Mali-C71 camera has a 24-stop ultra-wide dynamic range (UWDR). Using a single SoC, the CPU can also process photos from all of the car's cameras.


Report Overview


The competitive landscape section examines competitors' global development strategies, market share, and market position. The study looks at consumer and technical developments in different regions, as well as recent industry dynamics. A section of the market analysis is dedicated to significant companies, as well as product benchmarking. The report covers market drivers, limitations, technological advancements, and sectors. The report provides data-driven insights and recommendations in a variety of areas. The study can include things like production cost analysis, trade route analysis, price trend analysis of target brands, market understanding for additional countries, import-export and grey area data, literature review, consumer analysis, and product base analysis. The figures in the report are based on well-known research assumptions and methodology. As a result, the research study serves as a clearinghouse for market data and analysis from multiple angles. The study also examines the maker's competitive environment. The study was prepared after a complete investigation and assessment of every aspect of the market was conducted using data analysis to achieve significant market growth over the predicted period.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 4.12 Billion
  CAGR   6.49%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Image Processing Method, Image Type, Technology, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors

  • THine Electronics, Inc. (Japan), ON Semiconductor (US), Arm Limited (UK), Intel Corporation (US), Texas Instruments Incorporated (US), Leica Geosystems (Germany), Sigma Corporation (Japan), Fujitsu (Japan), Panasonic Corporation (Japan), Xperi Corporation (US), Nikon Corporation (Japan), Sony Corporation (Japan), Canon Inc. (Japan), and OmniVision Technologies, Inc. (US)
  • Xilinx (US), Seiko Epson Corporation (Japan), NXP Semiconductors (Netherlands), OMNITEK (UK), Konica Minolta, Inc. (Japan), and Socionext Inc. (Japan)
  •   Key Market Opportunities   The miniaturization of SoCs and advancements in artificial intelligence (AI) technology.
      Key Market Drivers

  • Increasing demand for video analytics to transform the raw data into a visible image.
  • Rising need for high power computing for advanced driver-assistance systems (ADAS) and infotainment systems.


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    Frequently Asked Questions (FAQ) :

    Technical complexities in achieving clearer images can be a major hindrance in the market.

    In December 2020, Qualcomm developed an artificial intelligence (AI) integrated image signal processor (ISP). It was named Qualcomm Spectra 380 and helps facilitate hardware depth sensing, multi-frame noise reduction, object segmentation capabilities as well as object classification.

    Single instruction multiple data (SIMD) and multiple instructions multiple data (MIMD) are the top segments, depending on the technology.

    Asia Pacific is projected to be the most lucrative market in the foreseeable future.

    Companies are highly focused on manufacturing AI-backed image signal processors that can cater to all the needs of an ADAS as well as infotainment systems in automobiles, in an attempt to create an expansive customer base all over the world.