This is a format created in the Acorn Draw program, intended for image visualization by using vector lines. It’s used for storing information in the publishing business (brochures, logotypes, etc.). The main advantage is it’s high quality source images when printing. It’s been in use since 1980.
JP2 is a bitmap image format JPEG 2000. This can be a picture, an image from a surveillance camera, digital fax and other. In JPEG 2000 to compress the file using the technology of wavelet transform. This allows for a smoother and sharper image and the file size compared to JPEG for the same quality is lower.