Rising Number of Data Centres Coupled With Growing Computing Applications Will Boost Sector
DUBLIN , May 26, 2023 /PRNewswire/ — The “Graphics Processing Unit (GPU) Market – Forecasts from 2023 to 2028” report has been added to ResearchAndMarkets.com’s offering.
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The graphics processing unit (GPU) market is expected to grow at a CAGR of 29.57% to reach $190.977 billion in 2028 from $31.154 billion in 2021.
An electronic circuit/chip known as a graphics processing unit (GPU) is specialized and created to manipulate and change memory to speed up the creation of images in a framebuffer intended to be output to a display device. GPUs are used in gaming platforms, personal computers, workstations, mobile devices, electronic equipment and embedded systems.
According to the Indian Electrical Equipment Industry Mission Plan 2012-2022, the Indian government intends to make the country an electrical equipment manufacturer and achieve a productivity of USD 100 billion by matching exports and imports.
The widespread use of computing devices, such as laptops and personal computers (PCs), as well as increasing investment in the electronics and automotive sectors, have been significant growth drivers for the GPU market in recent years. The expansion of technologies such as AI, along with the trend of real-time analytics, and the increasing demand for high graphics and computing applications are more factors driving the expansion of the graphics processing unit market over the forecast period.
Rising data centers along with growing computing applications will boost the market for graphics processing units.
In data centers, the GPUs are used for a variety of activities, including machine learning model operation and training. GPUs are also used by businesses to accelerate models running on supercomputers. As the data centers will develop worldwide, there will be an increase in the demand for graphics processing units worldwide. In September 2022, India’s data center capacity was 870 MW, powered by 138 data centers, and is expected to exceed 1,700 MW by 2025. In November 2022, AWS announced the opening of AWS Asia Pacific (Hyderabad) region, its second data center in India.
According to the North American Data Center Trends Report In the US in 2021, there were more than 100 data center projects that were revealed or were in the planning stages. More than 90% of data center projects are created by colocation service providers and large-scale operators such as Facebook, Apple, Google and Microsoft. According to PIB.gov, Shri Amitesh Kumar Sinha, Joint Secretary of MeitY, in February 2022 in the National Data Center plans to add 2000 MW of capacity by 2027, accelerating the increase in scheduled data center capacity across the country.
This shows that the investment in data centers and computing applications will increase, which will boost the market for GPU. Moreover, a sharp rise in the demand for data and the opening of data centers has prompted large firms and governments to invest in graphics processing units, which will be a growing market for graphics processing units during the forecast period.
Increasing demand from the automotive industry will further boost the graphics processing unit market.
GPUs are capable of much more than powering dashboards and in-car displays in the automotive industry. They can show and operate advanced driver assistance systems (ADAS), which are now standard in modern vehicles. As vehicle sales and production increase, so will the demand for graphics processing units. According to (IEA) International Energy Agency, despite delays in the supply chain and due to the Covid-19 epidemic, electric car sales set a new high in 2021 and sales almost doubled to 6.6 million which ‘ shows a sales share of around 9% compared to 2020, increasing the total number of electric vehicles on the road to 16.5 million.
According to the OICA data, the production of cars worldwide increased from 57,086,075 units in 2021 to 61,598,650 units in 2022, showing a variation of an 8% increase. This shows that the demand for GPU will increase due to the rising production and sales of vehicles which will boost the market growth of graphics processing units.
Asia Pacific is expected to drive the market growth during the forecast period.
Asia Pacific is expected to dominate the graphics processing unit market during the forecast period. The regional economy is driven by an increase in demand for electronic devices such as smartphones and laptops in countries such as China and India. According to International Data Corporation, for example, India shipped 14.8 million units of personal computers (PCs) in calendar 2021, representing a 44.5% year-on-year (YoY) increase. The country’s computer industry, which includes PCs, notebooks and workstations, had a successful year, with shipment growth.
Growing data center expenditures and research centers across Asia Pacific are also expected to boost GPU demand. For example, in February 2023, the Ministry of Finance announced that three centers of excellence for artificial intelligence (AI) will be established under the National Data Governance Policy, which will be procured to provide access to anonymized data in these data centers.
This will increase the demand for graphics processing units in the Asia Pacific region. In February 2022 One of two data center clusters that the government announced will be built in the YRD hub is the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone, which will start construction in Shanghai, Suzhou (Jiangsu Province) and Jiaxing (Zhejiang Province). This shows the demand for graphics processing units will grow rapidly as more countries in the Asia Pacific region invest in data centers and increased demand for electronic devices will boost the market growth of graphics processing units.
In March 2022, Intel introduced the Arc series of graphics processing units (GPU) for laptops and desktops. Arc 3 GPUs are intended for enhanced gaming and content creation, e, while laptops with the Arc 5 and Arc 7 GPUs are designed for advanced and high-performance gaming.
According to type
By end user
Middle East and Africa
Asian Pacific Ocean
Key topics covered:
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. GRAPHICS PROCESSING UNIT MARKET BY TYPE
6. GRAPHICS PROCESSING UNITS MARKET BY END USERS
7. GRAPHICS PROCESSING UNIT MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILE
For more information on this report visit https://www.researchandmarkets.com/r/w3031l
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