YantraVision's Object Detection IP provides a pre-packaged pipeline combining several image processing elements essential for identifying and categorizing objects within an image. Employing feature matching across predefined templates, this IP supports a variety of real-time applications where shape, size, and color differentiation are necessary for system decision-making. This pipeline is instrumental in scenarios such as security surveillance, automated manufacturing, and inventory management, where it contributes to high accuracy in object recognition and classification.