Traction in Augmented Reality (AR) and Virtual Reality (VR) to Drive Graphics Processing Unit (GPU) Market by 2028

The increasing demand for processors with specialized capabilities to handle challenging mathematical operations connected to 2D and 3D graphics can drive the market of the global graphics processing unit (GPU) market in the forecast period.

According to TechSci Research report, “Graphics Processing Unit (GPU) Market - Global Industry Size, Share, Trends, Opportunity and Forecast 2018–2028”, the global graphics processing unit (GPU) market is anticipated to register a robust growth during the forecast period, 2024-2028.  Growing market for portable electronics and wearables include a variety of items such as smartphones, laptops, smart watches, and numerous communication devices, all of which require GPUs. Sales of smart watches and fitness trackers are predicted to double in volume over the next few years. Recent developments in GPU systems have increased interest in 3D image processing in electrical gadgets.

GPU improvements enhance game performance, processing speed, and picture or video quality. The device's durability is also improved because less battery life is used. Therefore, it is anticipated that the growing market for wearable technology and portable devices would present a profitable opportunity for the GPU Market.

Additionally, A GPU-based system is necessary to enable IoT. A feature rich IoT interface with a ubiquitous user experience is made possible by GPU across all sectors. GPUs are used on the Internet of Things for dynamic 3D user interfaces and 3D graphics for user interface composite processing. Modern integrated and hybrid GPUs can help IoT systems meet their optimum requirements for acceptable form sizes and extremely low power consumption appropriate for battery-operated devices. Additionally, a GPU is a must for many IoT-targeted portable electronic items, including smartphones, digital cameras and camcorders, laptops and tablets, wearable technology, and home appliances. As a result, the industry is anticipated to benefit from the IoT market's rising popularity.

Browse over XX Market Data Figures spread through XX Pages and an in-depth TOC on "Global Graphics ProcessingUnit (GPU) Market.”

The graphics processing unit (GPU) market is segmented into type, device, industry vertical, and region. Based on type, the market is segmented into dedicated, integrated, and hybrid. Based on device, the market is segmented into computer, tablet, smartphone, gaming console, television, and others. Based on industry vertical, the market is segmented into electronics, IT & telecommunication, defense & intelligence, media & entertainment, and others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, and Middle East & Africa.

As integrated GPUs are widely used in portable electronic devices including smartphones, tablets, wearables, laptops, and many more, the integrated segment will lead the worldwide graphic processing unit market in terms of revenue by 2022. However, due to hybrid processors' powers of both integrated and dedicated GPU, which make them a preferred choice among software developers to increase the potency of graphics-intensive applications, the hybrid category is anticipated to see the greatest CAGR throughout the estimated time frame.

In terms of revenue, the smartphone market segment had most of the worldwide GPU market share in 2022, and this trend is anticipated to hold throughout the forecast period. This market's expansion is attributable to the increased need for powerful, energy-efficient graphics processors for smartphones. The other category, however, is anticipated to see the greatest CAGR over the next several years due to the rising demand for efficient and compact GPUs in other devices, such as medical equipment, which may improve the quality and speed of graphic computing.

Key market players in the global graphics processing unit (GPU) market:

·         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.

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“In 2022, the global graphic processing unit (GPU) Market is divided into three regions based on geographical analysis: North America, Europe, and Asia-Pacific. The globally graphics processing unit market was led by Asia-Pacific in 2022, and this trend is expected to continue during the forecast period. The government sector's significant investment in developing highly graphic computing systems for the defence and intelligence sectors, as well as the growing market for Internet of Things (IoT) systems, which require effective graphic computing systems, are credited with the region's rise. While LAMEA is predicted to see rapid expansion throughout the forecast period due to several reasons, including rising disposable income, expanding consumer buying power, and rising demand for smart TVs and smartwatches” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Graphics Processing Unit (GPU) Market-Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028

Segmented By Type (Dedicated, Integrated, and Hybrid), By Device (Computer, Tablet, Smartphone, Gaming Console, Television, and Others), By Industry Vertical (Electronics, IT & Telecommunication, Defense & Intelligence, Media & Entertainment, and Others), By Region and Competition”, has evaluated the future growth potential of graphics processing unit (GPU) market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in graphics processing unit (GPU) market.

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