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Microprocessor and GPU Market Worth 83.69 Billion USD by 2022

The microprocessor and GPU Market is expected to be valued at USD 83.69 Billion by 2022, at a CAGR of 2.2% between 2017 and 2022, according to MarketsandMarkets.
According to the new market research report on “Microprocessor and GPU Market by Architecture (x86, ARM, MIPS, Power), Application (Consumer Electronics, Server, Automotive, BFSI, Medical, Industrial), and Geography (Americas, Europe, APAC, RoW) – Global Forecast to 2022”, published by MarketsandMarkets, this market is expected to be valued at USD 83.69 Billion by 2022, at a CAGR of 2.2% between 2017 and 2022.

The major factors driving the growth of the microprocessor and GPU market include the growing demand for wearable devices such as smartwatches, migration of data from on-premise environments to cloud-based server environments driving the growth for server processors, and growing impact of Internet of Things (IoT).

The microprocessor and GPU market for automotive applications such as ADAS and infotainment is expected to grow at the highest rate during the forecast period. The mandates by the US and European government for all car manufacturers to install autonomous braking and forward collision warning and cloud-to-car HD map solutions for autonomous cars are expected to drive the growth of the microprocessor market for the automotive application.

The x86 architecture held the largest share of the microprocessor and GPU market in 2016. This is because consumer electronics is the major application for this market and x86 architecture is most widely used in this application.

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