Market Scenario:
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 Global Image Signal Processor Market is expected to depict a significant market growth during the forecast period. Image signal processing involves converting any image into digital form using image processors. The image is imported, analyzed, and manipulated using data compression techniques. The enhanced image is used to detect patterns that are not visible by the naked eye which is further used for inspection. In general, there are two methods used for image processing—analog and digital image processing. Rising demand for video analytics to transform the raw data into visible images and the need for high-power computing for advanced driver-assistance systems (ADAS) and infotainment systems is expected to accelerate the growth of the global image signal processor market. The market is also expected to seek opportunities owing to advancements in virtual reality (VR) and artificial intelligence (AI) technologies.
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Key Players
The Key Players in the Image Signal Processor Market are identified across all the major regions based on their countries of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Texas Instruments Incorporated (US), Leica Geosystems (Germany), STMicroelectronics (Switzerland), Sigma Corporation (Japan), THine Electronics, Inc. (Japan), Sony Corporation (Japan), Canon Inc. (Japan), OmniVision Technologies, Inc. (US), ON Semiconductor (US), Panasonic Corporation (Japan) and Xperi Corporation (US). The companies are focused on innovating their existing product portfolio as well as launching new products by investing in research and development to analyze the changing market trends.
Image Signal Processor Market - Segmentation
The Global Image Signal Processor Market has been segmented on the basis of component, image processing method, image type, technology, application, and region.
By component, the global image signal processor market has been segmented into hardware, software, and services.
Based on the image processing method, the global image signal processor market has been bifurcated into analog image processing and digital image processing.
On the basis of image type, the global image signal processor market has been segmented into 1D, 2D, and 3D.
Based on technology, the global image signal processor market has been bifurcated into single instruction multiple data (SIMD) and multiple instructions multiple data (MIMD).
By application, the global image signal processor market has been segmented into smart cities, security and internet protocol (IP) cameras, automotive, gaming, smartphones, smart homes, drones, personal robots, and others.
By region, the global image signal processor market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America.
Image Signal Processor Market - Regional Analysis
The market for image signal processor is estimated to register significant growth during the forecast period from 2019 to 2025. The geographic analysis of the image signal processor market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. According to MRFR analysis, Asia-Pacific dominated the global image signal processor market in 2018 and is expected to maintain its dominance during the forecast period. The market in Asia-Pacific is expected to dominate the global image signal processor market during the forecast period 2019–2025 and holds a share of approximately 35% in the global market. The increasing demand for highly detailed images for use in gaming and portable imaging devices by consumers in China, Japan, and South Korea has attributed to the growth of the global market. The European market is estimated to witness a steady growth since the region witnesses a well-developed and technically advanced infrastructure. However, the North American market is expected to exhibit the fastest growth during the forecast period 2019–2025. The region is continuously adopting new imaging technologies with ISP manufacturers heavily investing in research and development. This has encouraged the camera module manufacturers to miniaturize SoCs of their products and develop technically advanced camera modules.
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