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Microprocessor and GPU Market is expected to reach approximately USD 87.73 billion by 2024

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Chaitali Mahajan
Microprocessor and GPU Market is expected to reach approximately USD 87.73 billion by 2024

Market Research Future (MRFR) in the new report on the “Global Microprocessor and GPU Market 2020”, states determiners and restrains on the market. As per MRFR research, the global microprocessor and GPU market was valued at USD 75.46 billion in 2018 and is expected to reach USD 87.73 billion by the end of forecast period with a CAGR of 2.63%.

Microprocessor and GPUs are experiencing demand in various sectors such as consumer electronics, automotive, healthcare telecommunication, among others. Moreover, cloud computing, edge computing, software-as-a-service subscription models has led to the growth of microprocessor and GPU market.

The rapid growth of technology in consumer and industrial sectors has intensified the demand for microprocessor chipsets. Microprocessors are more important than other chipsets because they act as the brain of the system. As the number of IoT applications increases, semiconductor companies have invested more in hardware to provide faster and more efficient systems with better accuracy. Sectors such as consumer, automotive, telecommunications, and healthcare are growing at an explosive rate and require stronger and more powerful components. Factors such as cloud computing, the advent of 5G, and a software-as-a-service (SaaS) subscription model are expected to increase the demand for microprocessors.

Key Players:
Advanced Micro Devices, Inc. (US), IBM Corporation (US), Intel Corporation (US), Texas Instruments Incorporated (US), Nvidia Corporation (US), NXP Semiconductors (Netherlands), Samsung Electronics (South Korea), Qualcomm Technologies Incorporated (US), Renesas Electronics Corporation (Japan), and Broadcom Limited (US).

The other prominent companies in the microprocessor and GPU market include Allwinner Technology Co., Ltd (China), Spreadtrum Communications Inc. (China), Marvell Technology Group, Ltd (US), Toshiba (Japan), MediaTek Inc. (Taiwan), and Microchip Technology Incorporated (US).

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Segmentation:

  • By architecture, 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.
  • By end-user, 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.
  • By type, 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.

Regional Analysis:
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 the microprocessor and GPU market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific dominated the market in 2018 and is expected to dominate the microprocessor and GPU market throughout the forecast period. Emergence of 5G, rapid adoption of IoT, and the presence of prominent semiconductor vendors in the region have led to the development of this market in Asia-Pacific region. The market in Europe is expected to register the highest CAGR during the forecast period. Growth of automotive industry coupled with developments in connected cars segment is contributing to the growth of the market.

Get More Information: https://www.marketresearchfuture.com/reports/microprocessor-gpu-market-7774

TABLE OF CONTENTS:

  • Market Introduction
  • Research Methodology
  • Market Dynamics
  • Executive Summary
  • Market Factor Analysis
  • Microprocessor and GPU Market, By Segments
  • Competitive Analysis

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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