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Graphic Processing Unit Market is Rising Rapidly Due to its Increasing Demand in IT & Telecommunication

Press Release

GPU is estimated to foster high growth during the forecast period owing to its heavy utilization in artificial intelligence and virtual & augmented reality. Numerous artificial intelligence platform building companies, such as Microsoft, Sony, and Google are collaborating with GPU manufacturers to develop integrated GPU system supporting intensive graphic computing efficiently.

Graphic Processing Unit (GPU) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $157.1 billion by 2022, registering a CAGR of 35.6% during the period 2016-2022.

Graphics processing units (GPUs) evolve rapidly to accelerate high performance for data parallel computing. Modern GPUs contain hundreds of processing units, capable of achieving high precision calculations. Constantly evolving graphic games, augmented reality (AR) and virtual reality (VR) gaining traction, and trending artificial intelligence (AI) are the factors that drive the growth of the market. However, incapability of integrated GPU to facilitate intensive graphic designing software restrain the market growth.

Graphic Processing Unit Market

Integrated GPU accounted for the highest share, i.e., 51.5%, of the overall GPU market size in 2015, owing to its incorporation in portable electronic devices, such as smartphones, tablets, handheld gaming consoles, laptops, and many more. Hybrid GPU is expected to be the fastest growing segment in the GPU industry, owing to its ability to function as both, integrated and dedicated GPUs.

Smartphone segment consumes largest GPU market share followed by tablet and computers which include desktops, laptops, supercomputers, and workstations. Tablet segment is expected to foster a significant growth in GPU industry, with a growth rate of 38.0%, owing to its increase in sales during the forecast period.

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GPU has its penetration in wide range of industries such as electronics, IT & telecommunication, defense & intelligence, media & entertainment, industrial, and healthcare. In 2015, GPU electronics industry segment held 50.6% market share in the overall GPU market size. The manufacturers of portable electronics and wearables are incorporating advanced graphic computing systems for applications such as VR & AR to maintain a competitive advantage. The IT & telecommunication is expected to grow at a faster pace, with a CAGR of 37.3%, due to the increased investment in developing GPU by players for applications, such as 3D visualization of geospatial data, base stations, and workstation.

The graphic processing unit market share of Asia-Pacific was highest in 2015, i.e., 47.3%. The region emerged as a prime region for GPU with a high growth rate, exhibiting an increased demand due to rapid rise in sales of tablets and smartphone.

Several prominent players operating in the GPU market adopted partnership as their key strategies. Companies such as Qualcomm Incorporated, NVIDIA Corporation, Advanced Micro Devices, Inc., and Intel Corporation have introduced innovative and technologically advanced products to capture more market share. Prominent companies profiled in the report include Samsung Electronics Co., Ltd., Taiwan Semiconductor Manufacturing Company Ltd., Fujitsu Ltd., International Business Machines Corporation, ARM Holdings PLC, Imagination Technologies Ltd., and others.

Analyst Review:

The graphic processing unit (GPU) market is witnessing  a high growth due to rise in demand for reliable, efficient, and faster graphic processing for devices such as smartphones, wearables, tablets, gaming consoles, and many more. Need of enhanced graphic computing system for artificial intelligence (AI) platforms and virtual reality (VR) & augmented reality (AR) will drive the GPU market.

Constantly evolving graphic games, augmented reality (AR) and virtual reality (VR) gaining traction, and trending artificial intelligence (AI) are the factors that supplement the market growth. GPU for AI platforms is certain to become ubiquitous in a short period of time, and can reduce present shortcomings of breakdown & loss of important information.

Integrated GPU is most widely used and has maximum penetration in the market. It accounted for the largest GPU market share of the market in 2015, owing to its incorporation in portable electronics devices, such as smartphones, tablets, gaming consoles, and many more. On the other hand, dedicated GPUs find their extensive use where intensive graphic computing is required such as workstations, supercomputers, high graphic design software, and AI platforms. However, players work on R&D projects for advances in integrated GPU to make them efficient, reliable, and faster for high graphic processing. Hybrid GPU is estimated to witness the highest growth in the GPU market forecast owing to its ability to function as both dedicated as well as integrated GPU.

GPU finds its application in electronics, IT & telecommunication, defense & intelligence, media & entertainment, industrial, and healthcare industries. IT & telecommunication and defense & intelligence are expected to foster highest growth in the market owing to increase in popularity of AI and VR and high utilization of GPU in workstations, base stations, supercomputers, and many more.

Asia-Pacific and LAMEA are the most potential regions for manufacturers to increase their revenue and market share in the global graphic processing unit industry, owing to research activities for developing efficient AI platforms and increase in sales of portable electronics and wearables.

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