Dublin, May 26, 2023 /PRNewswire/ — The Graphics Processing Unit (GPU) Market – Forecast 2023 to 2028 report added of ResearchAndMarkets.com Recruitment.
Graphics Processing Unit (GPU) Market to grow at a CAGR of 29.57% US$190,977 million from 2028 US$31,154 million In 2021.
An electronic circuit/chip known as a graphics processing unit (GPU) is specially made to manipulate and modify memory in order to speed up the creation of images in a frame buffer for output to a display device. increase. GPUs are used in gaming platforms, personal PCs, workstations, mobile devices, electronics, and embedded systems.
According to the Indian Electrical Equipment Industry Mission Plan 2012-2022, the Government of India aims to make India a manufacturer of electrical equipment and achieve productivity. $100 billion By matching imports and exports.
The proliferation of computing devices such as laptops and personal computers (PCs) and increased investment in the electronics and automotive sectors have been major drivers of growth in the GPU market in recent years. Rise in technologies such as AI and trends in real-time analytics, and growing demand for advanced graphics and computing applications are further factors driving the expansion of the graphics processing unit market during the forecast period.
Rise in data centers and growth in computing applications will boost the graphics processing unit market.
In the data center, GPUs are used for various activities such as machine learning model manipulation and training. GPUs are also used in enterprises to accelerate models running on supercomputers. As data centers around the world develop, the demand for graphics processing units will increase worldwide.of September 2022 India’s data center capacity is 870 MW, powered by 138 data centers and is expected to exceed 1,700 MW by 2025. November 2022 AWS announced the opening of AWS Asia Pacific (hyderabad) region, its second data center India.
More than 100 data center projects have been announced or are in the planning stages in the US in 2021, according to the North America Data Center Trends report. More than 90% of his data center projects are created by colocation service providers and large carriers such as Facebook, Apple, Google and Microsoft. According to PIB.gov, February 2022 National Data Center MeitY co-secretary Sri Amitesh Kumar Sinha plans to add 2,000 megawatts of capacity by 2027 to accelerate planned data center capacity increases across the country. .
This indicates that increased investment in data centers and computing applications will boost the GPU market. Moreover, surge in data demand and opening of data centers have prompted major companies and governments to invest in graphics processing equipment, which will lead to a growing market for graphics processing equipment during the forecast period.
Increasing demand from the automotive industry is expected to further expand the graphics processing unit market.
GPUs don’t just power dashboards and in-vehicle displays in the automotive industry. View and run Advanced Driver Assistance Systems (ADAS) that are standard in today’s vehicles. As vehicle sales and production increase, so does the demand for graphics processing units. (IEA) Despite supply chain delays and the impact of the COVID-19 pandemic, electric vehicle sales will hit a new high in 2021, nearly doubling to 660, according to the International Energy Agency. 10,000 units, representing a sales share of approximately 9% compared to automobiles. By 2020, the total number of electric vehicles on the road will increase to his 16.5 million.
According to OICA data, global vehicle production will increase from 57,086,075 in 2021 to 61,598,650 in 2022, an increase of 8%. This indicates that increasing vehicle production and sales will increase the demand for GPUs, driving the growth of the graphics processing unit market.
Asia Pacific It is expected to drive market growth during the forecast period.
Asia Pacific It is expected to dominate the graphics processing unit market during the forecast period. The regional economy is driven by increasing demand for electronic devices such as smartphones and laptop computers in countries such as: China and India. For example, according to International Data Corporation: India delivered 14.8 million personal computers (PCs) in calendar 2021, up 44.5% year-over-year (YoY). The domestic PC industry, including desktops, notebooks and workstations, had a strong year with increased shipments.
Data center spending and research center spending are also increasing around the world. Asia Pacific Demand for GPUs is expected to grow. for example, February 2023The Ministry of Finance will establish three Centers of Excellence in Artificial Intelligence (AI) under the National Data Governance Policy and will be acquired to provide access to anonymized data within these data centers. announced.
This puts more demand on the graphics processing unit. Asia Pacific region. One of the two data center clusters announced by the government in February 2022 to be built at his YRD hub is the Yangtze River Delta Ecological Green Comprehensive Development Demonstration Zone, which will begin construction in February 2022. ShanghaiSuzhou (Jiangsu), Jiaxing (Zhejiang). This indicates that the demand for graphics processing units will grow rapidly as more countries join. Asia Pacific Investment in data centers is on the rise in the region, and increased demand for electronics will drive market growth for graphics processing equipment.
Market development:
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of March 2022, Intel has launched the Arc series of graphics processing units (GPUs) for laptops and desktop PCs. Arc 3 GPUs are aimed at enhanced gaming and content creation, while laptops with Arc 5 and Arc 7 GPUs are designed for advanced high-performance gaming.
Market segmentation:
By type
By end user
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car
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electronics
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data center
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Aerospace
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others
by geography
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North America
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united states of america
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Canada
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Mexico
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south america
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Brazil
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Argentina
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others
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Europe
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Germany
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England
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France
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Spain
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others
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middle east and Africa
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Suazi Arabia
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United Arab Emirates
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others
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Asia Pacific
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China
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Japan
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Korea
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India
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Taiwan
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others
Main topics covered:
1.First of all
2. Research method
3. Executive Summary
4. Market dynamics
5. Graphics Processing Unit Market by Type
6. Graphics Processing Unit Market by End User
7. Graphics Processing Unit Market by Region
8. Competitive Landscape and Analysis
9. Company profile
companies mentioned
For more information on this report, please visit https://www.researchandmarkets.com/r/w3031l.
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