Rising Adoption of Portable Computing Devices boosts Global Graphic Processing Units (GPU) Market Growth

According to the estimations put forth by Inkwood Research, the Global Graphic Processing Units (GPU) Market is set to record a CAGR of 33.32% in terms of revenue during the forecasting period of 2021-2028.

"Browse 53 Market Data Tables and 48 Figures spread over 226 Pages, along with an in-depth TOC on the Global Graphic Processing Units (GPU) Market Forecast 2021-2028."

A Graphics Processing Unit (GPU) is an electronic circuit or chip that renders graphics for display on electronic devices. It is best known for providing smooth graphics in modern videos and games. It was originally designed to accelerate the rendering of 3D graphics.

Adoption of Portable Computing Devices propels Market Growth

The use of mobile devices like smartwatches, GPS, laptops, and smartphones is on the surge. For instance, according to the Pew Research Center, over 5 billion people have mobile devices. In addition, half of these are smartphones.
The mobile GPU is a co-processor designed to accelerate user interfaces, 3D content, and graphics applications in IoT devices, wearables, tablets, and smartphones. Particularly, live graphical user interfaces (GUIs) and photorealistic 3D games are designed for GPU.

Mobile devices are becoming increasingly prominent, given modern-day technology advancements. Therefore, the rising portable devices are estimated to result in a higher need for GPUs, driving the market growth.
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Computer: Fastest-Growing Device

The graphics processing unit (GPU) is embedded in the same chip as that of the central processing unit or on the motherboards of computer systems. It renders animations, images, and videos for an in-depth viewing experience. Also, it performs parallel graphical processing operations along with processing 2D and 3D graphical imaging data. In addition, it is used for zooming and panning the computer systems' screens.

Further, sophisticated GPUs facilitate higher computer system resolution and fast & smooth rendering of images in motion. Besides, GPU is used to render animations & videos and standard definition and high definition images for computer systems like laptops. Moreover, the growing adoption of computer systems worldwide increases the need for GPUs.

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Asia-Pacific: Fastest-Growing and Dominating Region

The market growth is driven by the rising demand for augmented reality (AR), virtual reality (VR), artificial intelligence (AI), and rapidly changing graphic games. In addition, there is a huge demand for laptops, given the decreasing average selling prices (ASPs). Besides, technologically advanced games, high availability of potential customer base, and low market penetration make the region a conducive market for GPUs.

The market has a high number of committed and established players. Additionally, the top ten market players have considerable experience in image processing systems. Hence, the competition is projected to be high during the forecast period. Intel Corporation, NVIDIA Corporation, Advanced Micro Devices Inc, ARM Holdings Plc, etc., are among the leading companies in the market.

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