Overview and Scope
The microprocessor and GPU are engaged in manufacturing microprocessors and GPUs. A microprocessor is a type of miniature electronic device that comprises logic, arithmetic, and control circuitry to perform central processing unit functions in a computer. GPU is referred to as the graphics processing unit and it is used in applications such as graphics and video rendering.
Sizing and Forecast
The microprocessor and GPU market size has grown strongly in recent years. It will grow from $106.77 billion in 2023 to $115.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to advancements in manufacturing, cryptocurrency boom, shift to cloud computing, AI and ml development, mobile revolution.
The microprocessor and GPU market size is expected to see strong growth in the next few years. It will grow to $167.29 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to gaming industry trends, demand for energy-efficient solutions, AI and ML advancements, edge computing growth, IoT expansion, data center evolution. Major trends in the forecast period include demand for energy efficiency, rise of AR/VR technologies, blockchain and cryptocurrency, automotive industry advancements, 5G network rollout.
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Segmentation & Regional Insights
The microprocessor and GPU market covered in this report is segmented –
1) By Architecture: X86, ARM, MIPS, Power, SPARC
2) By GPU Type: Discrete, Integrated
3) By Application: Consumer Electronics, Server, Automotive, BFSI, Industrial, Aerospace & Defense, Medical, Other Applications
Asia-Pacific was the largest region in the microprocessor and GPU market in 2023. The regions covered in the microprocessor and gpu market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing adoption of the Internet of Things (IoT) enabled devices and equipment will positively influence the market for microprocessors and GPU in the forecast period. Internet of Things refers to a system of interrelated computing devices that share data over the internet. Globally there has been an increasing demand for IoT-enabled devices owing to several benefits offered such as increased connectivity, speed, easy access, better time management, and remote functioning among others. By combining machine learning and online analytical processing, GPU databases provide IoT with speed, scale, and intelligence. This allows real-time insights to lead to speedier actions and decisions. According to the DataPort report, there are more than 10 billion active IoT devices in 2021, and the number of active IoT devices is expected to exceed 25.4 billion by 2030. Therefore, the rising adoption of Internet of Things (IoT) enabled devices will positively impact the growth of the microprocessor and GPU market.
Key Industry Players
Major companies operating in the microprocessor and GPU market report are Apple Inc., Samsung Electronics Co Ltd., Huawei HiSilicon Technologies Co Ltd., Intel Corporation, Qualcomm Incorporated, Broadcom Inc., NVIDIA Corporation, Advanced Micro Devices Inc. (AMD), Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics N.V., Renesas Electronics Corporation, NXP Semiconductors N.V., Analog Devices Inc., United Microelectronics Corporation, Microchip Technology Inc., Marvell Technology Group Ltd., Toshiba Corporation, Winbond Electronics Corporation, Xilinx Inc., Hua Hong Semiconductor Ltd., Cypress Semiconductor Corporation, Maxim Integrated Products Inc., Cirrus Logic Inc., Allwinner Technology, Spreadtrum Communications, Episil Technologies Corporation, Rockchip Electronics Co Ltd., Imagination Technologies Limited, Silicon Mitus Corporation
The microprocessor and gpu market report table of contents includes:
1. Executive Summary
2. Microprocessor And GPU Market Characteristics
3. Microprocessor And GPU Market Trends And Strategies
4. Microprocessor And GPU Market – Macro Economic Scenario
5. Global Microprocessor And GPU Market Size and Growth
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32. Global Microprocessor And GPU Market Competitive Benchmarking
33. Global Microprocessor And GPU Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Microprocessor And GPU Market
35. Microprocessor And GPU Market Future Outlook and Potential Analysis
36. Appendix
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