According to Facts and Factors Market Research, the global Graphics processing unit (GPU) market in 2019 was above USD 21 billion. The market is expected to grow above a CAGR of 25% and is anticipated to reach over USD 105 billion by 2026.
GPU is a graphics processing unit that is a dedicated electronic circuit, which is intended to quickly manipulate and modify memory to accelerate the creation of images for a display device in a frame buffer. GPU manufacturing enables intricate forms, complex optical effects, and smooth movement to produce faster-enhanced images. The GPUs can perform a number of independent computations functions, allowing parallel work-level. As by the prediction of Moore’s law, their performance is increased at a faster step.GPU provides a rapid change to speed up its performance for multiple computer tasks. Modern GPUs contain hundreds of processing units, capable of high-precision calculations. The increasing trends of artificial intelligence, virtual reality, graphic games, augmented reality are driving the market growth.
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Top Key Players
- Qualcomm Incorporated
- NVIDIA Corporation
- Samsung Electronics Co. Ltd.
- Advanced Micro Devices Inc.
- Fujitsu Ltd.
- International Business Machines Corporation
- ARM Holdings PLC
- Imagination Technologies Ltd.
- Intel Corporation
- Taiwan Semiconductor Manufacturing Company Ltd.
- Sony Corporation
- Apple Inc.
- Broadcom Corporation
- Silicon Integrated Systems Corporation
The GPU provides multiple functions and its improved performance has made it ideal for general-purpose computing. Through creating new graphic design applications and algorithms, the market is filled with studies into the use of GPU vector processing and parallelism power. The demand for GPU is anticipated to increase due to its use in various sectors such as augmented reality, and virtual reality. Another driving factor in the industry is the growing adoption of smartphones, tablets, and gaming consoles for play purposes. The growing popularity of VR in gaming, the growing use of GPU in 3D image rendering and solving complex matrix may drive the GPU market in the future years. However, an integrated GPU is enabled to promote intensive applications for graphic designing software that may restraints market growth. On the other hand, the use of in internet of things(IoT), electronics and wearable devices, and the increasing demand for GPU in a gaming console, moreover, an increasing number of smartphone users are the factors that produce lucrative opportunities in the GPU industry.
By type segment, the market is divided into a dedicated, integrated, hybrid. Among these, the integrated segment-headed the market and it is expected to grow over the forecast period owing to its use in various applications such as PCs, electronic devices, etc.
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By device segment, the market is divided into the computer, tablet, smartphone, gaming console, television, others. Among these, the smartphone segment is expected to share the largest market growth owing to the increasing number of smartphone users.
By industry verticle segment, the market is divided into electronics, it & telecommunication, defense & intelligence, media & entertainment, others. In these, the electronics category led the market in 2019 and it is anticipated to grow attributed to the adoption of GPU in the electronics industry.
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By geography, Asia Pacific is expected to be the fastest-growing market for GPU during the years to come due to the rapid growth in the gaming industry.
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This report segments the Graphic processing unit (GPU) market as follows:
Global Graphics processing unit (GPU) Market: By Type Segmentation Analysis
Global Graphics processing unit (GPU) Market: By Device Segmentation Analysis
- Gaming Console
Global Graphics processing unit (GPU) Market: By Industry Verticle Segmentation Analysis
- IT & Telecommunication
- Defense& Intelligence
- Media & Entertainment
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