The market for microprocessors and GPUs has recently undergone dramatic shifts and dynamic patterns that reflect the rapid advancement of innovation and the shifting needs of many industries. One major driving force in the field of microprocessors has been the trend toward increased performance and energy efficiency. In areas like artificial intelligence, data analysis, and edge recognition, the growing usage of computing devices has fueled the need for processors with faster clock rates, more cores, and enhanced capabilities. Besides, the rise of Internet of Things (IoT) gadgets has filled a requirement for microprocessors that can handle different jobs effectively while keeping up with low power utilization. Thus, semiconductor makers have been putting vigorously in innovative work to make modern chip designs that figure out some kind of harmony among execution and energy productivity.
In tandem with microprocessors, the GPU market has encountered its own arrangement of groundbreaking patterns. Illustrations handling units (GPUs) have customarily been related with gaming and designs delivering, yet their job has expanded fundamentally. The demand for GPUs has surged because of the expansion of uses requiring equal handling capacities, for example, AI, profound learning, and logical recreations.
The pattern toward sped up registering has situated GPUs as significant parts in server farms, where they assume an imperative part in speeding up complex calculations and improving the exhibition of man-made reasoning jobs. This has prompted a change in perspective in GPU improvement, with an emphasis on making structures customized for both customary illustrations driven undertakings and the equal handling demands of arising advancements.
Semiconductor giants are constantly endeavouring to dominate each other concerning execution, power effectiveness, and incorporation of pioneering highlights. Furthermore, the pattern of customization and specialization has arisen, for certain organizations creating application-specific processors to take care of the remarkable prerequisites of explicit ventures. Energy proficiency has turned into a vital thought in the improvement of the two microprocessors and GPUs, lining up with worldwide commitments to decrease carbon impressions.
The Microprocessor and GPU Market industry is projected to grow from USD 75.46 billion in 2022 to USD 87.73 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.63% during the forecast period (2024 - 2032). The Microprocessor and GPU Market involves the sales of microprocessors and GPUs by entities such as organizations, sole traders, and partnerships engaged in manufacturing microprocessors and GPUs. A microprocessor is a small electronic device containing arithmetic, logic, and control circuitry to perform central processing unit functions in any computer. GPU is denoted as the graphics processing unit, and it is used in applications such as graphics and video interpretation.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increase in implementation of cloud-based platforms and server environments all over the globe acts as one of the main factors driving the growth of the microprocessor and GPU market. The rise in demand for consumer electronics increased the adoption of IoT-enabled devices and equipment. High demand for greater performance and energy-efficient processors and GPUs quicken the market growth. The increase in the rearrangement of information from local settings to cloud-based database settings operating database processor development and the rise in demand for unmanned aerial vehicles or drones for entertainment further affect the market. Moreover, urbanization and digitization increase the saturation of smartphones, and the extension of end-use industries positively impacts the microprocessor and GPU market.
Moreover, the rise in demand for artificial intelligence and deep learning-based applications, such as the adoption of smart factories and Industry 4.0 and supercomputers, will extend profitable opportunities to the market players in the estimated 2024 to 2032. GPUs process data more effectively and precisely than CPUs, which process the data sequentially. These benefits make the GPU an ideal component where there is a requirement of processing data in real-time.
The microprocessor market has been segmented into x86, ARM, MIPS, Power, and SPARC. The x86 segment is expected to contribute a major share to the microprocessor and GPU market while the ARM segment is expected to register a high growth rate. X86 is largely used in the consumer electronics segment, thereby contributing a major share to the market.
The microprocessor market has been segmented into consumer electronics, automotive, healthcare, aerospace & defense, and others. The consumer electronics segment is expected to contribute the largest share of the microprocessor market whereas the automotive segment is expected to register the highest CAGR during the forecast period. Emerging applications in connected cars such as ADAS and infotainment are leading to the growth of this market.
The GPU market has been segmented into discrete graphics and integrated graphics. The discrete graphics segment is expected to dominate the GPU market during the forecast period while the integrated graphics segment is expected to register the highest CAGR during the forecast period.
The global market for Microprocessor and GPU is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of Microprocessor and GPU market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the aforementioned regions, Asia-Pacific is expected to hold the largest share of the Microprocessor and GPU market during the forecast period. The presence of semiconductor companies such as Samsung (South Korea), Mediatek (Taiwan), Renesas (Japan), Toshiba (Japan), Spreadtrum (China), and Rockchip (China) is one of the major reasons for high share for Microprocessor and GPUs from this region.
Furthermore, the high demand for consumer electronics and rapid adoption of IoT in healthcare and manufacturing in countries including China and Japan has led to the market’s growth. Europe is expected to grow at a significant CAGR during the forecast period. This is due to the rapid development of autonomous vehicles in this region. Also, industrial automation is expected to play a very important role in the growth of the market.
Global Microprocessor and GPU Market, USD Billion:
The global microprocessor and GPU market was valued at USD 75.46 billion in 2022 and is expected to reach USD 87.73 billion by the end of the forecast period (2024-2032) with a CAGR of 2.63%.
The Year 2022
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