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.”
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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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Inkwood Research
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& customized research reports and consulting services. Market intelligence
studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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