The Global Graphics Processing Unit (GPU) Market Estimated to Gain $165.59 Billion in Revenue by 2028

According to Triton’s report, the global graphics processing unit (GPU) market, which garnered $22.41 billion in 2020, is probable to experience a growth at 31.87% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Graphics Processing Unit (GPU) Market’ entails the Global Analysis and Forecasts by Device (Gaming Console, Smartphone, Television, Tablet, Computer, Other Devices), GPU Type (Integrated, Discrete, Hybrid), Application (IT & Telecommunication, Media & Entertainment, Defense & Intelligence, Electronics, Other Applications), and by Geography (Asia-Pacific, North America, Europe, Middle East and Africa, Latin America).

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Triton’s report estimates the global graphics processing unit (GPU) market to progress at a CAGR of 31.87% during the reviewed phase 2021-2028. It is predicted to obtain revenue worth $165.59 billion by 2028.

A chip or an electronic circuit that helps display graphics on electronic devices is known as a graphics processing unit.

There has been substantial growth in various technologies, such as driverless cars, drone technology, and advancements in the medical sector in the past few years. Such steps have led to the growth of GPU performance. Thus, the development in graphics processing units is estimated to fuel the progression of the graphics processing unit market.

Conversely, the growing need to develop new products and shortage of semiconductor chips hinders the graphics processing unit market’s growth.

The graphics processing unit market is divided into device, GPU type, and application. The device segment is divided into gaming console, smartphone, television, tablet, computer, and other devices. The GPU type is trifurcated into integrated, discrete, and hybrid. Lastly, the application section is branched into IT & telecommunication, media & entertainment, defense & intelligence, electronics, and other applications.

The Asia-Pacific holds the largest market for graphic processing units and is likely to continue its stronghold till 2028. This robust growth is mainly owing to the rising use of GPUs across multiple industries like IT, defense, and electronics. Such developments enhance the development of graphics processing units, thereby driving the expansion of the graphics processing unit market. Therefore, as mentioned above, these factors are boosting the progression of the graphics processing unit market.

Intel Corporation, Fujitsu, Imagination Technologies Ltd, Samsung Electronics Co Ltd, Alphabet Inc, Apple Inc, Qualcomm Inc, Sony Corporation, Evga Corporation, Taiwan Semiconductor Manufacturing Company Limited, International Business Machines Corporation, Gigabyte Technology Co Ltd, ARM Holdings Plc, Advanced Micro Devices Inc, and Nvidia Corporation are established companies in the graphics processing unit market.

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Question & Answer: Graphics Processing Unit (GPU) Market

Question 1: What major set of factors are estimated to fuel the progression of the graphics processing unit market?
Answer: There has been substantial growth in various technologies, such as driverless cars, drone technology, and advancements in the medical sector in the past few years. Such steps have led to the growth of GPU performance. Thus, the development in graphics processing units is estimated to fuel the progression of the graphics processing unit market.

Question 2: What factor hinders the graphics processing unit market’s growth?
Answer: The growing need to develop new products and shortage of semiconductor chips hinders the graphics processing unit market’s growth.

Question 3: Which holds the largest market for graphic processing units?
Answer: The Asia-Pacific holds the largest market for graphic processing units and is likely to continue its stronghold till 2028. This robust growth is mainly owing to the rising use of GPUs across multiple industries like IT, defense, and electronics. Such developments enhance the development of graphics processing units, thereby driving the expansion of the graphics processing unit market. Therefore, as mentioned above, these factors are boosting the progression of the graphics processing unit market.

Question 4: Which are the established companies in the graphics processing unit market?
Answer: Intel Corporation, Fujitsu, Imagination Technologies Ltd, Samsung Electronics Co Ltd, Alphabet Inc, Apple Inc, Qualcomm Inc, Sony Corporation, Evga Corporation, Taiwan Semiconductor Manufacturing Company Limited, International Business Machines Corporation, Gigabyte Technology Co Ltd, ARM Holdings Plc, Advanced Micro Devices Inc, and Nvidia Corporation are established companies in the graphics processing unit market.



Related Report:

Global Haptic Technology Market

The global haptic technology market is estimated to display growth in its revenue and volume during 2019-2027 at a CAGR of 14.85%. Moreover, it is expected to reap revenue worth $33477.03 million by 2027.

Haptic technology offers a touch experience using vibrations and motions in various connected devices, such as smartphones and wearables.
The surge in the adoption of gaming console firms, increase in consumer electronics, increased use of touch screens, and rising innovation support the GPU market’s overall development.

Conversely, the elevated cost of technology and surged power consumption obstruct the development of the graphics processing market (GPU) market.

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