Global Graphics Processing Units (GPU) Market to Grow at CAGR
Triton Market Research presents the global graphics processing unit (GPU) market segmented by application (electronics, defense and intelligence, media and entertainment, IT and telecommunications, other applications), device (game console, computer, television, smartphone, tablet , other devices ), type of GPU (integrated, discrete, hybrid) and by geography (Asia-Pacific, Middle East and Africa, North America, Latin America, Europe). The report further examines Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Parent Market Analysis, GPU Development, Porter’s Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Key Impact Analysis, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecast and analysis (2021-2028).
The research report by Triton infers that the global graphics processing unit (GPU) market is expected to grow at a CAGR of 32.23% during the forecast phase of 2021-2028.
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A graphics processing unit refers to an electronic chip or circuit that displays graphics on an electronic device.
In recent years, the increase in the use of devices such as smartphones, televisions, computers and others has increased the need for better image and video quality. Moreover, advanced visual content has become crucial due to the growth of gaming users globally. In this regard, GPUs help improve overall video content. Therefore, the rapid transition to enhanced video content opens up new opportunities for the graphics processing unit.
However, increasing requirements for new product development and scarcity of semiconductor chips are hampering the overall GPU market growth.
Globally, Asia-Pacific holds the largest market for graphics processing unit. This robust growth can be attributed to the growing demand for GPUs for defense, computing, media and entertainment applications. Moreover, it is driven by advancements in technology, as well as the growing adoption of portable computing devices, such as laptops and smartphones. Hence, as mentioned above, these factors are driving the growth of the Graphics Processing Unit market across the globe.
Fujitsu, ARM Holdings Plc, Imagination Technologies Ltd, Samsung Electronics Co Ltd, Advanced Micro Devices Inc, International Business Machines Corporation, Sony Corporation, Evga Corporation, Taiwan Semiconductor Manufacturing Company Limited, Gigabyte Technology Co Ltd, Intel Corporation, Alphabet Inc, Apple Inc , Qualcomm Inc and Nvidia Corporation are established companies in the GPU market.
GPU vendors are required to comply with various regulations. Government incentive programs such as Make in India and Made in China support small businesses investing in integrated circuits. In addition, these programs help them manufacture and sell microprocessor chips at a price below the average cost in the industry. This indicates that the threat from new entrants should be moderate over the next few years.
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