The Microprocessor and GPU Market is assessed to enter a phase of maturity and is estimated to expand at a steady CAGR of 2.63% during the assessment period (2019 to 2024).
The global microprocessor and GPU market, as per Market Research Future (MRFR)’s study is observed to reach a valuation of USD 87.73 Bn by 2024 up from USD 75.46 Bn in 2016. However, the rising adoption of technological advancements such as IoT, connected devices, etc. are set to open growth avenues for the players in the market over the next few years.
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The demand for efficient and effective components in industry domains such as healthcare, automotive, telecommunication, etc. are expected to lead the growth of the microprocessor and GPU market in the foreseeable future. In addition, other factors such as commercialization of 5G services, growing use of cloud computing, etc. are poised to boost the growth pattern of the market across the forecast period.
Some of the major participants of the global microprocessor and GPU market are Advanced Micro Devices, Inc. (US), Intel Corporation (US), IBM Corporation (US), Texas Instruments Incorporated (US), NXP Semiconductors (Netherlands), Nvidia Corporation (US), Samsung Electronics (South Korea), Renesas Electronics Corporation (Japan), Qualcomm Technologies Incorporated (US), and Broadcom Limited (US). Other players of the market that are anticipated to have considerable contribution to market growth in the upcoming years are Allwinner Technology Co., Ltd (China), MediaTek Inc. (Taiwan), Marvell Technology Group, Ltd (US), Spreadtrum Communications Inc. (China), Toshiba (Japan), and Microchip Technology Incorporated (US).
The competitive scenario of the microprocessor and GPU market is characterized by the robust competition among the established and entry-level players. Investments in research & development are projected to further intensify the competition in the market. An influx of new players can be expected over the next couple of years. Growth strategies such as mergers, collaborations, acquisitions, agreements, etc. are anticipated to be opted by these players to gain competitiveness in the years to come.
On the basis of architecture, the global microprocessor and GPU market has been segmented into x86, MIPS, Power, ARM, and SPARC. The x86 segment is anticipated to hold a substantial share of the market in the years to come. On the other hand, the ARM segment is poised to register a relatively higher CAGR over the forecast period.
Based on end-user, the microprocessor and GPU market has been segmented into consumer electronics, healthcare, automotive, aerospace & defense, and others. The consumer electronics segment is anticipated to account for the maximum market share in the forthcoming years. The automotive segment, on the other hand, is likely to strike a higher CAGR during the review period.
The global microprocessor and GPU market, based on type, has been divided into integrated graphics and discrete graphics. The discrete graphics segment is projected to dictate the share analysis of the market over the new few years. However, the integrated graphics segment is expected to exhibit a higher growth rate through the evaluation period.
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The regional evaluation of the global microprocessor and GPU market is covered in this report and has been further narrowed down to country-level basis. The major regions profiled in this MRFR report are North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW) (including Middle East, Africa, and Latin America). Asia Pacific is prognosticated to hold the largest share of the market in the forthcoming years. Key players based out of the region are poised to boost the growth rate of the microprocessor and GPU market in the region over the next few years. Japan, China, Taiwan, and South Kore are expected to contribute to market growth in the upcoming years.
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