Graphics Processing Unit (GPU) Market to Reach $200.85 Billion Globally by 2027 at a CAGR of 33.6%: Allied Market Research

PORTLAND, Oregon., January 26, 2022 /PRNewswire/ — Allied Market Research released a report titled, “Graphics Processing Unit (GPU) Market by Type (Dedicated, Embedded, and Hybrid), Device (Computer, Tablet, Smartphone, Game Console, TV, and Others)” , Vertical Sector (Electronics, IT & Telecommunications, Defense & Intelligence, Media & Entertainment, and Others): Global Opportunities Analysis and Industry Forecast, 2020-2027. According to the report, the global graphics processing unit (GPU) industry was estimated at $19.75 billion in 2019, and should reach $200.85 billion by 2027, registering a CAGR of 33.6% from 2020 to 2027.

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Drivers, constraints and opportunities

Increasing advancements in graphical games, developments in virtual reality (VR) and augmented reality (AR) and increasing demand for laptops and gaming computers are driving growth of the global graphics processing unit (GPU) market. On the other hand, the inability of the integrated GPU to enable intensive graphic design software is limiting the growth to some extent. However, the growing popularity of IoT and the boom in the wearable electronics market are paving the way for new opportunities in the market.

COVID-19 scenario

  • Distorted operational activities, especially during the initial phase of the pandemic, have negatively impacted the global GPU market.
  • Additionally, the disrupted supply chain has proven to be detrimental to the overall market growth.
  • However, the market should recover soon.

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The integrated segment to lead the trail

By component, the embedded segment held the lion’s share in 2019, generating more than half of the global graphics processing unit (GPU) market, and is expected to dominate during the forecast period. Indeed, integrated GPUs are finding extensive use in portable electronic devices such as tablets, wearables, smartphones, laptops, and others fueling the growth of the segment. However, the hybrid segment would exhibit the fastest CAGR of 36.8% from 2020 to 2027. Hybrid processors offer capabilities for both integrated and dedicated GPUs, making them a preferred choice for software developers to increase productivity intensive graphics processors. apps. This factor is fueling the growth of the segment.

The smartphone segment will dominate by 2027

By display type, the smartphone segment held the highest share in 2019, contributing two-fifths of the global graphics processing unit (GPU) market, and is expected to maintain its dominant share during the forecast period. This is due to the increased demand for durable and less power consuming graphics processing units for smartphones. The IT segment, simultaneously, is expected to quote the fastest CAGR of 36.1% during the forecast period.

Asia Pacificfollowed by North America which took the lion’s share

By region, Asia-Pacific, followed by North America, accounted for the highest share, contributing nearly half of the global graphics processing unit (GPU) market share in 2019, and is believed to be in head throughout the forecast period. This is due to the government’s heavy investments in gathering high-quality graphical computer systems for defense and intelligence, as well as the growing adoption of IoT systems, which have necessitated efficient graphical computer systems in the region. However, LAMEA is expected to grow at the fastest CAGR of 38.4% from 2020 to 2027. This is attributed to many factors such as increasing disposable income, increasing customer spending and increasing demand. of smart TVs and smart watches in the province. .

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Main market players

  • Dassault Systems, Inc.
  • Google Inc.
  • Siemens AG
  • IBM Corporation
  • Qualcomm Incorporated
  • intel company
  • NVIDIA Corporation
  • Samsung Electronics Co., Ltd.
  • Sony Company

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