(Graphic Processing Unit) GPU Market Size is Anticipated to Surpass 121,000 Thousand Units by 2024

GPU Market is projected to surpass 121,000 thousand units with a market value of over USD 80 billion by 2024. GPUs are highly optimized for data-parallel and throughput computing wherein more transistors are dedicated for computation and the overall architecture is tolerant of memory latency. They are specialized microprocessors that are primarily designed for quick & effective image rendering. Modern GPUs provide superior memory bandwidth, processing power, and efficiency over their CPU counterparts. GPUs enable a richer gaming experience for PC gaming where onboard graphics solutions cannot match the performance of dedicated graphics cards to deliver a rich video output along with excellent performance in terms of interactive input/output.

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The rapidly growing adoption for high-precision, graphics-oriented applications in the automobile and healthcare sectors is certain to fuel GPU market growth in the forthcoming years. GPUs have become an essential part of today’s mainstream computers and mobile devices and have been characterized by remarkable advancements with respect to performance and capabilities. The product successfully offers added support for analyzing complex datasets in a quick manner and is increasingly gaining traction in almost all consumer electronics straight from laptops, PCs and smartphones to car infotainment systems and latest digital systems.

With the growing adoption of IoT devices that gather huge amounts of data which needs to be monitored and analyzed, the demand for high-end computing systems has effectively increased in the automotive sector. Reports suggest that the GPU market will amass quite some returns from the automotive sector owing to an increase in the use of GPUs to accelerate engineering and design applications. As the automotive industry is focusing on developing new vehicles with enhanced design & functionality, GPUs have found applications in CAD/CAM software. With the rising demand for these software increase, the GPU market is expected to witness an accelerated growth rate in the years to come.

The rapidly growing use of gaming devices and the paradigm shift towards online gaming are bound to upsurge the demand for high-end graphic processors to support gaming applications. As per estimates, the gaming sector is anticipated to hold a major share of 34% in the GPU market by 2024.

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Some of the most preferred brands that have made a mark in the (Graphic Processing Unit) GPU Market include Nvidia, AMD, Intel, Microsoft, Google, IBM, PTC, Qualcomm, and S3 Graphics. GPU chip makers have been making heavy investments in addition to forging partnerships for developing new and better performing products. For instance, in January 2019, Nvidia announced its partnership with luxury carmaker Mercedes-Benz to develop a new automotive AI platform that could effectively offer control to the automaker’s electronic gears equipped in its new car segments.

Some Points From Table Of Content: –

Chapter 6  GPU Market, By Deployment Model

6.1    Key trends, by deployment model

6.2    On-premise

6.2.1   On-premise market size

6.3    Cloud

6.3.1   Cloud market size

Chapter 7  GPU Market, By Application

7.1    Key trends, by application

7.2    Gaming

7.2.1   Gaming market size   Gaming market size, by component   Gaming market size, by GPU type   Gaming market size, by deployment model

7.3    Design & manufacturing

7.3.1   Design & manufacturing market size   Design & manufacturing market size, by component   Design & manufacturing market size, by GPU type   Design & manufacturing market size, by deployment model

7.4    Automotive

7.4.1   Automotive market size   Automotive market size, by component   Automotive market size, by GPU type   Automotive market size, by deployment model

7.5    Real-estate

7.5.1   Real-estate market size   Real-estate market size, by component   Real-estate market size, by GPU type   Real-estate market size, by deployment model

7.6    Healthcare

7.6.1   Healthcare market size   Healthcare market size, by component   Healthcare market size, by GPU type   Healthcare market size, by deployment model

7.7    Others

7.7.1   Others market size

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