Image processing module converts raw image data into a final image so that it can be used for various computer vision applications. This module contains an image sensor that converts light received from the optical lens into an electrical format. This electrical signal is converted to picture which can be previewed on display screen by using the Image processing module. It not only converts the raw image but also improves its image quality and lighting. Thus, they find their applications in security, smart cities, smartphones, gaming, automobiles, personal robots, and drones in end uses such as consumer electronics, automotive, it, entertainment, healthcare, and robotics. The global Image processing module market is experiencing a significant growth, and will grow considerably in next few years.

COVID-19 Scenario Analysis: 

• Global image processing module market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
• Global factories have struggled to integrate new image processing modules as workers have stayed in their homes, which disrupted the global supply chains. 
• The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for image processing module are gradually going to increase.  
• This COVID-19 lockdown would help companies think about more advanced image processing modules to enhance efficiency.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The major factors that drive the image processing module market growth are the increasing requirement for high power computing for infotainment systems and advanced driver assistance systems (ADAS). In addition, the need to transform raw data into a visual image for video analytics has also fueled its market growth. However, technical complexities for obtaining clear images may hinder the market growth. Moreover, advancements in AI and miniaturization of SoCs are expected to boost the growth of Image Processing Module market further.

New product launches to flourish the image processing module market 

The introduction of several new products that comprise enhanced capabilities have been launched by key market players. In addition, they have taken essential steps to enhance accuracy of devices & general functionality as well. AI integrated Image processing Module- Qualcomm Spectra 380 was launched by Qualcomm in 2018. This Qualcomm spectra 380 has features such as object classification, multi-frame noise reduction, hardware depth sensing, and object segmentation capabilities. Another AI equipped Image processing Module was launched by Xperi Corporation in 2018. This module contains AI Imaging engine & supports data transfer on encrypted networks.

Surge in usage in automotive industry

Major key players have been concentrating on manufacturing various new products for precise applications as there are changing demands based on the use. Top image processing module market players have resolute how AI can be significant in several applications. This has led to increase in investments by automobile companies in research and development. This has helped them develop a dynamic customer base by fulfilling requirements of infotainment systems and ADAS in automobiles by using AI enabled image processing module. Thus, leading to the surge in the usage of this module in automobile industry.

Market scope and structure analysis:

Key benefits of the report:

• This study presents the analytical depiction of the global image processing module industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global image processing module market share.
• The current market is quantitatively analyzed from 2021 to 2027 to highlight the global image processing module market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global image processing module market analysis based on competitive intensity and how the competition will take shape in coming years. 

Key segments covered:

Questions answered in the image processing module market research report:

• Which are the leading market players active in the image processing module market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the image processing module market?
• What are the projections for the future that would help in taking further strategic steps?