The Graphics Processing Unit (GPU) Market report represents gathered information about a market within an industry or various industries. Graphics Processing Unit (GPU) Market report includes analysis in terms of both quantitative and qualitative data with a forecast period of the report extending from 2024 to 2030. The market is prepared to take into consideration various factors such as Product pricing, Product or services penetration at both country and regional levels, Country GDP, market dynamics of parent market & child markets, End application industries, major players, consumer buying behavior, economic, political, social scenarios of countries, many others.
The global Graphics Processing Unit (GPU) Market size is projected to reach a CAGR of 33.3% from 2023-2030.
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A Graphics Processing Unit (GPU) is a chip or electronic circuit able to render graphics for display on an electronic machine. The GPU was introduced to the broader market in 1999 and is famously known for its use in offering the smooth graphics that customers expect in modern videos and games. GPUs come in two primary types: integrated and discrete. An integrated GPU seems not to come on its own separate card at all and is rather embedded alongside the CPU. A discrete GPU is a distinct chip that is installed on its own circuit board and is typically attached to a PCI Express slot.
GPUs use transistors to execute mathematical calculations of 3D graphics. Modern GPUs include support for programmable shaders to manage vertices and textures, further improving high-precision color spaces while displaying 3D graphics. GPUs are used in fixed systems, mobile phones, personal computers, workstations, and game consoles. Modern GPUs are very also effective at manipulating computer graphics and image processing.
Regional Analysis
· Asia-Pacific dominated the global graphics processing unit market in 2021 and is predicted to remain dominant throughout the forecast period. The growth of the region is attributed to huge investment from the government sector in creating high graphic computing systems for the defense & intelligence sector along with the increasing business of IoT systems, which require efficient graphic computing systems.
· Whereas, LAMEA is anticipated to witness a high growth rate during the forecast period owing to various factors such as an increase in disposable income, increasing spending capabilities of customers, and a rise in demand for smart TV and smartwatches.
Competitive Landscape
· IBM Corporation
· Intel Corporation
· NVIDIA Corporation
· Samsung Electronics Co., Ltd.
· Qualcomm Incorporated
· Advanced Micro Devices, Inc.
· Dassault Systems, Inc.
· Google, Inc
· Siemens AG
· Sony Corporation and More
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Recent Developments
In July 2021, AMD launched a new graphics card called RX 6600XT, which comes as a successor to RX 5600XT. The new model will deliver better performance owing to 9.6 teraflops of RDNA 2 technology and 8GB of GDDR6 RAM.
In January 2021, Qualcomm Incorporated announced that its subsidiary, Qualcomm Technologies, Inc., has entered into a definitive agreement to acquire NUVIA for approximately $1.4 billion before working capital and other adjustments.
Graphics Processing Unit (GPU) Market is segmented into various segments such as type, device, industry, and region
On the basis of type
· Dedicated
· Integrated
· Hybrid
On the basis of the device
· Computer
· Tablet
· Smartphone
· Gaming Console
· Television
· Others
On the basis of industry
· Electronics
· IT & Telecommunication
· Defense & Intelligence
· Media & Entertainment
· Automotive
· Others
On the basis of region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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