Press release
Microprocessor And GPU Market Forecast 2024-2033: Analysis, Trends and Growth Outlook
The microprocessor and GPU market size is expected to see strong growth in the next few years. It will grow to $167.29 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to gaming industry trends, demand for energy-efficient solutions, AI and ML advancements, edge computing growth, IoT expansion, data center evolution. Major trends in the forecast period include demand for energy efficiency, rise of AR/VR technologies, blockchain and cryptocurrency, automotive industry advancements, 5G network rollout.
Market Overview -
The microprocessor and GPU are engaged in manufacturing microprocessors and GPUs. A microprocessor is a type of miniature electronic device that comprises logic, arithmetic, and control circuitry to perform central processing unit functions in a computer. GPU is referred to as the graphics processing unit and it is used in applications such as graphics and video rendering.
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Rising Adoption Of IOT Devices Fuels Growth In The Microprocessor And GPU Market
The growing adoption of the Internet of Things (IoT) enabled devices and equipment will positively influence the market for microprocessors and GPU in the forecast period. Internet of Things refers to a system of interrelated computing devices that share data over the internet. Globally there has been an increasing demand for IoT-enabled devices owing to several benefits offered such as increased connectivity, speed, easy access, better time management, and remote functioning among others. By combining machine learning and online analytical processing, GPU databases provide IoT with speed, scale, and intelligence. This allows real-time insights to lead to speedier actions and decisions. According to the DataPort report, there are more than 10 billion active IoT devices in 2021, and the number of active IoT devices is expected to exceed 25.4 billion by 2030. Therefore, the rising adoption of Internet of Things (IoT) enabled devices will positively impact the growth of the microprocessor and GPU market.
Competitive Landscape -
Major companies operating in the microprocessor and GPU market report are Apple Inc., Samsung Electronics Co Ltd., Huawei HiSilicon Technologies Co Ltd., Intel Corporation, Qualcomm Incorporated, Broadcom Inc., NVIDIA Corporation, Advanced Micro Devices Inc. (AMD), Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics N.V., Renesas Electronics Corporation, NXP Semiconductors N.V., Analog Devices Inc., United Microelectronics Corporation, Microchip Technology Inc., Marvell Technology Group Ltd., Toshiba Corporation, Winbond Electronics Corporation, Xilinx Inc., Hua Hong Semiconductor Ltd., Cypress Semiconductor Corporation, Maxim Integrated Products Inc., Cirrus Logic Inc., Allwinner Technology, Spreadtrum Communications, Episil Technologies Corporation, Rockchip Electronics Co Ltd., Imagination Technologies Limited, Silicon Mitus Corporation
Proliferation Of High-Performance Microprocessors And GPUs Transforming The Market
The increasing launch of powerful and high-performance microprocessors and GPUs is a key trend in the microprocessor and GPU market. Major players in the microprocessor and GPU market are emphasizing designing and developing new processors with advanced features to gain a competitive advantage over other companies operating in the market. For instance, in February 2021, Nvidia launched its most affordable desktop GPU with ray tracing, the GeForce RTX 3060. It delivers twice the raster performance and 10x the ray tracing performance as compared to the company's older GeForce GTX-series product-GeForce GTX 1060. Moreover, it offers previous-gen gamers a massive upgrade with high fidelity graphics, fast frame rates, and game-changing features such as NVIDIA Reflex and NVIDIA DLSS.
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Key Segments -
The microprocessor and GPU market covered in this report is segmented -
1) By Architecture: X86, ARM, MIPS, Power, SPARC
2) By GPU Type: Discrete, Integrated
3) By Application: Consumer Electronics, Server, Automotive, BFSI, Industrial, Aerospace & Defense, Medical, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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