The global graphics processing unit (GPU) market is expected to reach a staggering USD 172.08 billion by 2028, according to a recent market research report by Mordor Intelligence. The report states that the market, which is currently estimated at USD 41.82 billion in 2023, is set to register a remarkable compound annual growth rate (CAGR) of 32.70% during the forecast period.
A GPU, also known as a programmable logic chip, is a crucial component used for rendering images, animations, and videos. It offers enhanced computing power and plays a vital role in various applications such as AR/VR, high-performance computing, AI, ML, blockchain, cryptocurrency mining, autonomous driving, and navigation, among others.
The growing demand for high-end computing devices and gaming console effects has led to a surge in the requirement for advancements in GPU technology. Consequently, investing in a graphics add-in board has become increasingly beneficial for micro-processing companies, as GPUs are an essential component of the finished product.
The global GPU market is highly consolidated, with limited players dominating the industry. To gain a competitive edge and expand their market shares in multiple end-user segments, companies are investing heavily in research and development. They are also adopting strategies such as partnerships, innovations, and mergers and acquisitions to enhance their product offerings.
Some of the significant players in the GPU market include:
– Advanced Micro Devices (AMD)
– Nvidia Corporation
– Intel Corporation
– Qualcomm Technologies, Inc.
– Samsung Electronics Co., Ltd.
Mordor Intelligence has segmented the GPU market based on type, application, and geography. This comprehensive market research report provides exclusive data, facts and figures, trends, and insights into the competitive landscape of the industry. It is a valuable resource for start-ups, industry players, investors, researchers, consultants, business strategists, and anyone seeking to understand this thriving industry.
As a leading market intelligence and advisory firm, Mordor Intelligence consistently tracks industry trends. Their analysts provide market reports that offer valuable insights and information. Some of their other relevant market reports include topics such as AI in the healthcare industry, the global blockchain market, and the electric vehicle charging infrastructure market.
In conclusion, the global GPU market is set to witness significant growth in the coming years. The increasing demand for high-performance computing devices, gaming consoles, and emerging applications like AI and cryptocurrency mining is driving the need for advanced GPU technology. With major players investing in R&D and adopting strategic measures, the market is poised to reach staggering revenues of USD 172.08 billion by 2028.
As the market continues to evolve and new technologies emerge, it is crucial to stay informed and make data-driven decisions. Mordor Intelligence’s extensive market research reports provide valuable insights into industry trends, helping businesses and individuals navigate through the complex landscape of the GPU market.
