Global microprocessor and GPU market to reach $ 83.1 billion by 2024
FACTS AT A GLANCE
Editing: 9; Posted: May 2021
Executive pool: 23807
Companies: 30 – Players covered include Advanced Micro Devices, Inc .; Limited ARM; Broadcom Corporation; IBM; Imagination Technologies Limited; Company intel; Marvell Technology Group Ltd .; MediaTek, Inc .; Microchip Technology, Inc .; NVIDIA Corporation; NXP Semiconductors NV; Qualcomm Technologies, Inc .; Renesas electronics company; Samsung Electronics Co., Ltd. ; Texas Instruments, Inc .; Toshiba Corporation; Unisoc Communications, Inc .; VIA Technologies, Inc. and others.
Blanket: All major geographies and key segments
Segments: Architecture (X86, ARM, MIPS, Power and SPARC); and applications (consumer electronics, server, automotive, BFSI, industrial, aerospace and defense and medical)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global Microprocessor and GPU Market to Reach $ 83.1 billion by 2024
A microprocessor is a computer processor that integrates various functions of a central processing unit (CPU) onto a single integrated circuit (IC). The graphics processing unit (GPU) is specialized electronic circuitry for manipulating and modifying memory to speed up the generation of images in a frame buffer designed for output to a display device. Microprocessor chipsets and GPUs, in various architectural formats including X86, ARM, MIPS, Power, and SPARC, have gained wider application relevance in consumer electronics, servers, automotive systems, industrial equipment, aerospace and defense technologies and medical equipment, among others. Modern microprocessors, functioning as critical components of computer systems, can seamlessly implement and execute programmed logic instructions in processing systems accurately and efficiently, in real time. Amid COVID-19 Crisis, Global Microprocessor and GPU Market Expected to Reach 83.1 billion US dollars by 2024, registering a compound annual growth rate (CAGR) of 2.8% over the analysis period. United States represents the largest regional market for microprocessors and GPUs, accounting for an estimated 29.2% share of the global total. The market is expected to reach US $ 24.2 billion before the end of the analysis period. China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 4.1% during the analysis period.
Global market growth is expected to be driven by sustained demand in key end-use verticals. While consumer electronics has driven global momentum, widespread use in servers, industrial equipment, and automotive technologies has paved the way for the growth and advancement of the microprocessor and GPU market. At the same time, factors such as the rise of cloud computing and the subsequent transition of data from on-premises to cloud-based servers, the emergence of the Internet of Things model ( IoT), the popularity of wearable devices such as smartwatches, has boosted the market outlook. In addition, technological improvements have also contributed to the expansion of the market in a significant way. The United States is the largest consumer of microprocessor chipsets and GPU devices. Sustained growth in domestic electronics and electronic components industries, deployment of new and next generation electronic systems for autonomous vehicles, IoT environments, Industry 4.0 ecosystem, UAV and drone technologies , healthcare systems and server applications, would significantly increase the market outlook. Rise of China as an industrial manufacturing hub, providing a range of consumer electronics products to global markets, strongly supports the current and future expansion of the domestic microprocessor and GPU market, while increasing the country’s share in the global market .
By type of architecture, the X86 architecture market is expected to dominate the market share. X86 represents a popular Intel processor architecture that came into being with the 16-bit 8086 processor in 1978. Today, X86 is commonly used to refer to 32-bit processors that conform to the X86 instruction set. X86 architecture is widely used in computers (desktops and laptops) and servers, and the established role of architecture in these devices is poised to keep the upward trend in the X86 market segment. . Following
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