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GRAPHIC PROCESSING UNIT MARKET ANALYSIS

Graphic Processing Unit Market, By Type (Dedicated, Integrated, and Hybrid), By Device (Computer, Tablet, Smartphone, Gaming Console, Television, and Others), By Industry Vertical (Electronics, IT & Telecommunication, Defense & Intelligence, Media & Entertainment, Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Market Challenges And Opportunities

Global Graphic Processing Unit Market Drivers:

Growing developments in graphic-based games to fuel the market growth

The evolution of graphic games continues to increase. Numerous games have been developed in past 50 years, which now can work with sophisticated AI, complex physical simulations, and procedural generation due to enhancement in GPU systems. With increasing demand for gaming industry, the development of heavy graphic games is on the constant rise. These games need high memory graphic card. As a result, the demand for graphic processing units is increasing all over the world. Hence, with growing advancements in high graphic games, the global graphic processing unit market is anticipated to gain major growth in the coming future.

Growing popularity of virtual reality (VR) and augmented reality (AR) to drive the market growth

Due to several advancements in graphic technology, and other related technologies, it has become possible to achieve true virtual reality or augmented reality, which further creates promising user experience. Several companies are focused on development of VR solutions, to fundamentally reshape the computing experience for people. As a result, the development of advanced GPU systems for VR and AR, which is again creating a deep experience appealing to the film and computer industries, consumers, as well as developers. Thus, growing incorporation of VR and AR in different applications is expected to boost growth of the global graphic processing unit market over the forecast period.

Global Graphic Processing Unit Market Opportunities:

Growing adoption of portable electronics and wearable devices to offer ample of growth opportunities in the global graphic processing unit market over the forecast period. The portable electronics and wearables industry are booming currently, with availability of various products including smart watches, laptops, smartphones, and other communication technologies needing GPU systems. The sales of smart watches and fitness trackers is likely to double in the coming years. With growing interest in 3D image processing in electronic devices with the use of advanced GPU systems is creating growth opportunities in the market.

Emergence of Internet of Things (IoT) to generate multiple business opportunities in the global graphic processing unit market during the forecast period. In order to facilitate IoT technologies, GPU is a crucial system. It features rich interface of IoT that allows omnipresent user experience in several industries. GPUs have various applications in IoT including dynamic 3D user interfaces and 3D graphics for user interface composite processing. Thus, with growing use of IoT, the global graphic processing unit market is likely to witness multiple growth opportunities in the coming future.

Global Graphic Processing Unit Market Restraints:

Incapability of integrated GPUs in facilitative intensive graphic designing software

The use of integrated GPU is significantly high in portable electronic devices as well as wearable devices such as tablets, smartphones, handheld gaming consoles, and others. These devices are smaller in size and require lesser power. Such devices are mostly used for HD image processing 2D or 3D gaming. However, the GPUs of these devices are incapable of supporting AI platforms, play stations, supercomputers, and AR & VR systems requiring intense graphic computing. This factor in turn impacts adoption of integrated GPU systems, which is expected to hinder growth of the market. However, with increasing R&D by market players for facilitating the development of advanced integrated GPUs is likely to support the market growth.

High cost of advanced GPU systems to hinder the market growth

Applications such as intense graphic gaming, graphic designing, video editing and others require heavily advanced GPU systems. These systems make the gaming seamless and efficient. However, cost of these graphic processing units is significantly high due to which adoption of these systems is hindered on a large scale. This factor is thus expected to hamper growth of the global graphic processing unit market over the forecast period.

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