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The Global Graphics Processing Unit (GPU) Market Assessed to Grow at $165.59 Billion by 2028

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The Global Graphics Processing Unit (GPU) Market Assessed to Grow at $165.59 Billion by 2028

November 05
13:13 2021
The Global Graphics Processing Unit (GPU) Market Assessed to Grow at $165.59 Billion by 2028
The Global Graphics Processing Unit (GPU) Market
As per Triton’s research report, the global graphics processing unit (GPU) market gathered $22.41 billion in 2020, and is deemed to progress at a CAGR of 31.87% by 2028.

A recent study by Triton Market Research titled ‘Global Graphics Processing Unit (GPU) Market’ includes the Global Analysis and Forecasts by GPU Type (Discrete, Integrated, Hybrid), Application (Media & Entertainment, Electronics, IT & Telecommunication, Defense & Intelligence, Other Applications), Device (Television, Gaming Console, Tablet, Computer, Smartphone, Other Devices), and by Geography (North America, Latin America, Asia-Pacific, Europe, Middle East and Africa). 

A graphics processing unit is a chip or an electronic circuit that projects graphics on an electronic device. 

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Triton’s research report has established that the global graphics processing unit (GPU) market is predicted to advance at a CAGR of 31.87% over the years 2021-2028. The market is likely to attain revenue worth $165.59 billion by 2028.

Over the years, there has been tremendous development in driverless cars, complex drone technology, and breakthroughs in the medical sector. These developments have led to the rise in GPU performance. Hence, developments in GPU technology are motivating the growth of the graphics processing unit market. However, rising requirements for the development of new products and a lack of semiconductor chips are hindering the overall growth of the GPU market. 

The GPU market is broadly segmented into GPU type, application, and device. Based on GPU type, it is sectioned into discrete, integrated, and hybrid. Similarly, the application section is branched into media & entertainment, electronics, IT & telecommunication, defense & intelligence, and other applications. Lastly, the device section is categorized into television, gaming console, tablet, computer, smartphone, and other devices. 

Geographically, Asia-Pacific dominates in the graphics processing unit market. The market’s growth in the region is predominantly supported by the rising application of GPUs across various sectors, including media, defense, electronics, and IT. In the region, China dominated the graphics processing unit in 2020. Now, South Korea is likely to become the fastest evolving region in the GPU market. Hence, these aforementioned factors are fueling the market’s growth in the region.

Imagination Technologies Ltd, Samsung Electronics Co Ltd, Alphabet Inc, Apple Inc, Qualcomm Inc, International Business Machines Corporation, Sony Corporation, Evga Corporation, Taiwan Semiconductor Manufacturing Company Limited, Gigabyte Technology Co Ltd, Intel Corporation, Fujitsu, ARM Holdings Plc, Advanced Micro Devices Inc, and Nvidia Corporation are major companies in the graphics processing unit market. 

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Question & Answer: Graphics Processing Unit (GPU) Market

Question 1: What major factors are motivating the growth of the graphics processing unit market?

Answer: Over the years, there has been tremendous development in driverless cars, complex drone technology, and breakthroughs in the medical sector. These developments have led to the rise in GPU performance. Hence, developments in GPU technology are motivating the growth of the graphics processing unit market. 

Question 2: What restraining factors are hindering the overall growth of the GPU market?

Answer: The rising requirements for the development of new products and a lack of semiconductor chips are hindering the overall growth of the GPU market.

Question 3: Which region dominates in the graphics processing unit market?

Answer: Geographically, Asia-Pacific dominates in the graphics processing unit market. The market’s growth in the region is predominantly supported by the rising application of GPUs across various sectors, including media, defense, electronics, and IT. In the region, China dominated the graphics processing unit in 2020. Now, South Korea is likely to become the fastest evolving region in the GPU market. Hence, these aforementioned factors are fueling the market’s growth in the region. 

Question 4: Which are the major companies in the graphics processing unit market?

Answer: Imagination Technologies Ltd, Samsung Electronics Co Ltd, Alphabet Inc, Apple Inc, Qualcomm Inc, International Business Machines Corporation, Sony Corporation, Evga Corporation, Taiwan Semiconductor Manufacturing Company Limited, Gigabyte Technology Co Ltd, Intel Corporation, Fujitsu, ARM Holdings Plc, Advanced Micro Devices Inc, and Nvidia Corporation are major companies in the graphics processing unit market. 

Related Report:

Global Haptic Technology Market

The global haptic technology market is deemed to witness growth at a CAGR of 14.85% based on value through the period of 2019-2027. The market is anticipated to gather $33477.03 million in revenue by 2027.

Haptic technology provides touch experience using forces such as vibrations and motions. Smartphones and wearables implement haptic technology. 

Factors such as increased adoption of gaming console companies, growth in consumer electronics, increased use of touch screens, and growing innovation are driving the growth of the GPU market. 

However, the high cost of technology and increased power consumption hampers the overall progression of the graphics processing market. 

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