Image Signal Processor Market
Global 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 America) - Forecast till 2025
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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The Global Image Signal Processor Market has been segmented on the basis of Component, Image Processing Method, Image Type, Technology, Application, and Region.
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.
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.
Competitive Landscape
The manufacturers in the global image signal processor market are primarily focusing on improving their portfolio of image signal processor products to stay competitive in the market. To accomplish this, the companies have invested a significant share of their revenues in research & development. These companies also focus on manufacturing AI-enabled image signal processor that would meet the requirements of an ADAS and infotainment systems in automobiles and, therefore, create a dynamic customer base. Moreover, as a part of their market development strategy, these companies focus on inorganic growth approaches such as acquisitions, partnerships, joint ventures, and collaborations to expand their geographic presence and gain competitive advantage in the global image signal processor market.
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