Global Microprocessor and GPU Market Overview
The key driver impacting the Microprocessor and GPU market is the increase in demand for consumer electronics. For instance, as per the Invest India recent report, The global electronics market is estimated to be over $2 trillion. India's global electronics manufacturing share had grown from 1.3% in 2012 to 3% in 2018. India is one of the largest and expanding electronics markets worldwide, and it is estimated to reach $400 bn by 2025. The growth of autonomous vehicles has triggered the demand for microprocessors are also positively impacting the market growth. Moreover, the growing demand for high-performance and energy-efficient processors and GPUs contributes to the Microprocessor and GPU market's growth in the coming years. Whereas with regards to volume, the market was calculated XX Thousand Units in 2020 and foreseen to grow with a CAGR of XX% during 2021-2027.
According to Value Market Research, the global Microprocessor and GPU market size was valued at around USD 103.0 billion in 2020 and is estimated to grow at a CAGR of about 5.5% during the forecast period 2021 to 2027.
The growing Internet of Things (IoT) - enabled equipment and device adoption are estimated to augment Microprocessor and GPU needs in the forecast period. For example, The Federation of American Scientists (FAS) estimations show that the global IoT is anticipated to grow by 37% from 2017 to $1,567B by 2025. The total number of active IoT devices is likely to grow from 9.9 billion in 2019 to 21.5 billion in 2025. As per the State of the Connected World 2020 Edition report by the world economic forum, billions of connected devices instantly translate the physical world into the digital realm by analyzing and capturing data about our surroundings in real-time. It is predicted that by 2025, over 41.6 billion devices will be capturing data on how a person lives, works, moves through our cities and maintains and operates the machines on which we depend. However, the decrease in demand for PCs may hamper the market in the long run. Also, the rise in the adoption of alternative solutions negatively impacts the market. The current industry trends, such as the growing demand for artificial intelligence (AI) and deep learning-based applications, such as supercomputers, and the rise in adoption of smart factories and Industry 4.0, are likely to provide market players with new market opportunities.
The Microprocessor and GPU market is vast, with many local and global players. The Microprocessor and GPU market is extensive, with many international and regional players. The key market leaders follow several strategies to increase their market statuses, such as extending product portfolio, amalgamation, contracts, acquisitions, product upgrades to enlarge their market share across the globe. The important players studied in the report are IBM Corporation, Advanced Micro Devices, Inc., Texas Instruments Incorporated, Intel Corporation, NXP Semiconductors, Nvidia Corporation, Qualcomm Technologies Incorporated, Samsung Electronics, Renesas Electronics Corporation, and Broadcom Limited.
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In this research report, the Microprocessor and GPU market is segmented by architecture, end-user, type, and region.
Analysis by Architecture:
By architecture, the report is categorized into X86, ARM, and MIPS. X86 dominates the architecture segment with over 20% share in 2020. It is due to the high usage in the growing consumer electronics industry. Moreover, various software and operating systems (OS) such as DOS, LINUX, WINDOWS, SOLARIS, BSD, AND MAC OS support x86 based hardware are adding growth to this segment in coming years.
Analysis by End-User:
By end-user, the report is categorized into consumer electronics, automotive, healthcare, aerospace & defense, and others. Consumer electronics dominate the end-user segment with over 25% share in 2020. It is due to the ease of operation, low setup and maintenance costs, and high reliability expected to drive the market for the low-voltage servo. Moreover, the growing demand for consumer electronics among consumers globally contributes to the increased market demand from the consumer electronics segment in the forecast period.
Analysis by Type:
By type, the report is categorized into discrete graphics and integrated graphics. Discrete Graphics dominates the type segment with over 30% share in 2020. It is due to its growing demand for discrete graphics as it offers a potentially smooth image processing experience, high-performance capabilities, and delivers seamless gaming. Moreover, the escalating demand for cloud computing and ray tracing applications contributes to the growth of the discrete graphics segment in the forecast period.
Analysis by Region:
In the regional outlook of the global Microprocessor and GPU market, the Asia Pacific region dominates globally with a 25% market share in the forecast period. It is due to the rise in the adoption of technologies that allow digital transformation, such as artificial intelligence (AI), deep learning, and the Internet of Things (IoT) across several sectors such as consumer electronics, healthcare, automotive, and industrial. Moreover, the high adoption of automation processes to achieve manufacturing efficiency contributes to the market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Architecture
By Type
- Discrete Graphics
- Integrated Graphics
By End-User
- Consumer Electronics
- Automotive
- Healthcare
- Aerospace & Defense
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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