However , to use these types of software , high power computing and memory are necessary to have , which led to definite creation and development of vision processors . Therefore , on the global level , the ISP market offers a steady compound annual growth rate ( CAGR ) from the years 2018 to 2024 of 3 %, making the total market worth $ 4.2B in 2024 . Meanwhile , the vision processor market is also exploding , with an 18 % CAGR from the year 2018 to 2024 , making the market value with $ 14.5B in 2024 !
It is vital to be noticeable that historical market players have struggled to make AI ’ s arrival more authentic . This has allowed other companies to get into the business , which includes smartphone companies like Apple and Huawei , startups like Mobileye , and companies in different segments , like NVIDIA and ARM in automotive applications . Nevertheless , as the trend is towards low-consumption , low-power , always-on computing hardware — the historical players are coming back into the game with enriching new ISP systems to the new environment of cameras .
Developments in Global ISP Market
ARM introduces its first image signal processor for the automotive market , globally , backing with the rising number of cameras needed in today ’ s cars . ISP process raw pixel data so it gets displayed to the driver or for further processing through computer vision algorithms .
The Global Image Signal Processor Market has been segmented on the basis of component , image processing method , image type , technology , application , and region .
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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 .