Portland, OR -- (SBWIRE) -- 10/02/2017 -- Graphic Processing Unit (GPU) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $157.1 billion by 2022, registering a CAGR of 35.6% during the period 2016-2022. GPU industry meet the demands of increasingly complex visual effects in games and entertainment applications. The improved performance and functionality of GPUs have made them potential coprocessors for general-purpose computation. GPU market is filled with research for utilizing GPU's vector processing and parallelism capabilities through developing new graphic design software and algorithms.
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The demand for GPU market is globally expected to rise during the forecast period due to constantly evolving graphic games, augmented reality (AR) and virtual reality (VR) gaining traction, and trending artificial intelligence (AI). However, inability of integrated GPU to facilitate intensive graphic designing software restrain the market growth. Moreover, thriving portable electronics and wearables market and trending Internet of Things (IoT) create lucrative opportunities in the market. The inability of integrated GPUs to perform high graphic computing and developing efficient hybrid GPUs are the challenges faced by the GPU market.
Based on type, the market comprises of dedicated, integrated, and hybrid GPU. Integrated GPU consumes highest share of the market owing to its applications in portable electronic devices, wearables, as well as PCs. Dedicated GPUs find their applications where intensive graphic computing is required. However, companies conduct R&D through which they will be able to develop efficient and reliable integrated GPUs for high graphic processing.
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Key findings of the Graphic Processing Unit (GPU) Market Study
- In 2015, integrated GPU accounted for the highest share of 51.5% in the overall market
- Smartphones accounted for the largest GPU market share in 2015, and is expected to grow with CAGR of 37.1% during the forecast period
- Electronics industry contributed over 50.6% of the overall market in 2015, and is expected to grow with a CAGR of 36.4% during the forecast period
- LAMEA is expected to be the fastest growing GPU market, and is expected to grow at a CAGR of 39.6% during the forecast period
Several prominent players operating in the GPU market adopted partnership as their key strategies. Companies such as Qualcomm Incorporated, NVIDIA Corporation, Advanced Micro Devices, Inc., and Intel Corporation have introduced innovative and technologically advanced products to capture more market share. Prominent companies profiled in the report include Samsung Electronics Co., Ltd., Taiwan Semiconductor Manufacturing Company Ltd., Fujitsu Ltd., International Business Machines Corporation, ARM Holdings PLC, Imagination Technologies Ltd., and others.