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The Global Graphics Processing Unit (GPU) Market to Surge at CAGR of 32.23% by 2028

12-06-2022 12:07 PM CET | IT, New Media & Software

Press release from: Triton Market Research

Graphics Processing Unit (GPU) Market

Graphics Processing Unit (GPU) Market

Triton Market Research presents the Global Graphics Processing Unit (GPU) Market segmented by Application (Electronics, Defense & Intelligence, Media & Entertainment, IT & Telecommunication, Other Applications), Device (Gaming Console, Computer, Television, Smartphone, Tablet, Other Devices), GPU Type (Integrated, Discrete, Hybrid), and by Geography (Asia-Pacific, Middle East and Africa, North America, Latin America, Europe). The report further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Parent Market Analysis, Development of GPU, 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, Forecasts & Analysis (2021-2028).

Triton's research report infers that the global graphics processing unit (GPU) market is anticipated to display growth by 32.23% of CAGR during the anticipated phase of 2021-2028.

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A graphics processing unit refers to a chip or an electronic circuit that displays graphics on an electronic device.

In recent years, the rise in the use of devices like smartphones, television, computers, and others has increased the need for better picture and video quality. Moreover, advanced visual content has become crucial due to growing gaming users globally. In this regard, GPUs help enhance the overall video content. Hence, the rapid shift towards enhanced video content opens new opportunities for the graphics processing unit.
However, rising requirements for the development of new products and scarcity of semiconductor chips are hampering the overall growth of the GPU market.

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Globally, the Asia-Pacific holds the largest market for the graphics processing unit. This robust growth can be attributed to the growing demand for GPUs for application in defense, IT, media, and entertainment. Moreover, it is driven by technological advancements, along with the growing adoption of portable computing devices, such as laptops and smartphones. Therefore, 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.

Providers of GPUs are required to comply with various regulations. The government incentives programs such as Make in India and Made in China support small companies investing in integrated circuits business. Moreover, such programs help them manufacture and sell microprocessor chips less than the industry average cost. This indicates the threat of new entrants is likely to be moderate over the next few years.

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We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

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