The graphics processing unit market is estimated to be valued at US$ 70.9 billion in 2024. The graphics processing unit market is expected to reach US$ 1,159.3 billion by 2034, developing at a CAGR of 32.2%.
The primary driver for the graphic processing unit market is the increasing demand for an enhanced graphical visual display. Continuous launches of games functioning on high graphical specifications and incorporation of 3-D, AR, and VR in gaming correspond to the respective demand for the graphic processing unit market.
Ongoing technological advancements, such as developing more power-efficient GPUs, improved memory bandwidth, and ray tracing technology, continually stimulate market growth. As more industries and sectors undergo digital transformation, the need for efficient and powerful computing solutions, including GPUs, continues to rise.
Graphics Processing Unit Market Trend Analysis
| Attributes | Key Insights |
|---|---|
| Graphics Processing Unit Market Estimated Size in 2024 | US$ 70.9 billion |
| Projected Market Value in 2034 | US$ 1,159.3 billion |
| Value-based CAGR from 2024 to 2034 | 32.2% |
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Increasing adoption of smart phones, tablets, notebooks and laptops also drives the growth of processing unit market. The market of graphic processing units is complimented by the overall increasing adoption of graphic processing unit in various devices. Introduction of 3D gaming and multimedia applications fueled demand for more powerful GPUs.
Continued integration of GPUs into AI and machine learning workflows, with emphasis on more specialized architectures for specific AI tasks, further expanding market capabilities.
Growing demand for high-fidelity, immersive experiences in the metaverse and virtual worlds requiring more powerful GPUs capable of handling complex rendering and simulations. The demand for graphics processing unit is projected to rise at a CAGR of 32.2% from 2024 to 2034.
| Market Value in 2023 | US$ 54.4 billion |
|---|---|
| Market Value in 2034 | US$ 1.159.3 billion |
Principal Consultant
Future Market Insights has compared three markets, namely the computer graphics market and the integrated graphics chipset market are below. Graphics processing unit market size is expected to dominate these three markets over the forecast period 2024 to 2034.
Graphics Processing Unit Market:
| Attributes | Graphics Processing Unit Market |
|---|---|
| CAGR from 2024 to 2034 | 32.2% |
| Key Trends |
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| Opportunities |
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| Growth Factor |
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Computer Graphics Market:
| Attributes | Computer Graphics Market |
|---|---|
| CAGR from 2023 to 2033 | 8.3% |
| Key Trends |
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| Growth Factor |
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Integrated Graphics Chipset Market:
| Attributes | Integrated Graphics Chipset Market |
|---|---|
| CAGR from 2023to 2033 | 9.5% |
| Key Trends |
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| Opportunities |
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| Growth Factor |
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The following table shows the top five countries with CAGR, led by Australia and Japan. Australia emerges as a dynamic and rapidly advancing market, poised for substantial growth with a projected CAGR of 35.8% by 2034 in the graphics processing unit market. These two countries are predicted to boost their market efforts through 2034.
Forecast CAGRs from 2024 to 2034
| Japan | 33.5% |
|---|---|
| The United States | 30.1% |
| China | 32.8% |
| Australia | 35.8% |
| Germany | 31.7% |
The graphics processing unit market in the United States is expected to witness a CAGR of 30.1% by 2034. The gaming industry remains a significant driver of GPU sales in the United States. High demand for GPUs comes from gamers seeking better performance, higher resolutions, and more immersive experiences, which has consistently fuelled market growth.
The increasing adoption of cloud services and the demand for data processing power in data centers have contributed to the growth of GPU sales. The growing integration of AI and machine learning in the operations of industries, including tech, finance, healthcare, and automotive, boosts the GPU market.
The graphics processing unit market in Germany is poised to expand at a CAGR of 31.7% through 2034. Germany has a robust gaming culture, with a large population of gamers. This demand for high-performance GPUs for gaming continues to drive market growth.
Increasing technological adoption, with an emphasis on advanced computing solutions, GPUs are used in various sectors such as research, design, and engineering, contributing to market growth.
The growing reliance on data centers and cloud computing services in Germany has spurred the demand for GPUs to handle complex computational tasks and data processing in these environments.
China is a critical player in the graphics processing unit landscape, projecting a CAGR of 32.8% by 2034. Increasing demand in industries such as design, architecture, and entertainment in China for high-performance GPUs for professional applications like 3D modeling, animation, and video editing, contributing to market expansion.
Government initiatives supporting technology development and investments in advanced computing have influenced the growth of the GPU market in China. The growing investment in artificial intelligence (AI) research and development boost the market growth in China.
Japan anticipates a remarkable CAGR of 33.5% in the graphics processing unit market by 2034. The popularity of gaming and esports continues to drive GPU sales in the country. Industries across various sectors, including automotive, manufacturing, and design, utilize GPUs for research, simulations, and design tasks, contributing to market growth.
Industries such as design, animation, and media in Japan rely on powerful GPUs for professional-grade workstations. The need for efficient and high-performance GPUs for these specialized applications drives market growth.
Australia anticipates exceptional growth with a forecasted CAGR of 35.8% in the graphics processing unit market by 2034. Increasing utilization of GPUs in emerging applications like virtual reality (VR), augmented reality (AR), and content creation further fuels demand for high-performance graphical solutions.
Increasing technological advancements in GPU technology, improving performance, efficiency, and capabilities, stimulate market expansion as users upgrade to newer models.
The integrated GPU segment will dominate until 2034, with a market share of 35.0%. Cost-effectiveness and energy efficiency of integrated GPUs drive their demand, especially in devices where space and power consumption are critical factors.
The smartphone segment is expected to have a share of 37.0%. Smartphones are becoming more versatile, serving as all-in-one devices for communication, entertainment, and productivity. The demand for efficient and powerful GPUs continues to grow.
| Category | Market share |
|---|---|
| Integrated GPUs | 35% |
| Smart Phones | 37% |
The integrated GPUs segment accounted for the maximum share of 35% of the overall revenue in 2024. Integrated GPUs are built into the CPU, eliminating the need for a separate dedicated graphics card. This integration reduces costs for manufacturers and consumers while offering a more power-efficient solution.
Integrated GPUs consume less power compared to discrete GPUs, making them more suitable for devices requiring more extended battery life, such as laptops and tablets. In laptops, tablets, and smaller form-factor devices, integrated GPUs allow manufacturers to create thinner and lighter devices by eliminating the need for a separate GPU, providing adequate graphical capabilities within a smaller footprint.
Integrated graphics are tightly integrated with the CPU, allowing for better optimization and coordination between the two components, improving overall system performance.
The smartphone segment accounted for the largest share, around 37% of the overall revenue in 2024, and it is projected to continue growing over the forecast period.
The increasing consumer demand for smartphones with better graphical capabilities has led manufacturers to prioritize GPUs in their device specifications Intense competition in the smartphone market has pushed for continuous innovation and performance improvements in GPUs.
Increasing graphically intensive applications, including gaming, augmented reality (AR), virtual reality (VR), and multimedia content consumption in smartphones, boosting the need for graphics processing unit.
Market players are investing in research and development to develop innovative graphic processing units. The market players are also entering into partnerships to offer more comprehensive solutions to their customers, accelerate product development, and expand their market share. The companies are developing solutions that are more powerful, efficient, and affordable.
Some of the leading players operating in the global graphics processing unit market are as follows
Some of the developments in the market are as follows
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 70.9 billion |
| Projected Market Valuation in 2034 | US$ 1,159.3 billion |
| Value-based CAGR 2024 to 2034 | 32.2% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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As of 2024, the market for graphics processing units is expected to be valued at US$ 70.9 billion, as per FMI.
By 2034, the market value of graphics processing units is expected to reach US$ 1,159.3 billion.
From 2024 to 2034, graphics processing units are expected to flourish at a CAGR of 32.2%
The integrated GPUs segment is expected to account for a market share of 35% in 2024.
The Australia is likely the top-performing market with a CAGR of 35.8%.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2024 to 2034 5.3.1. Dedicated 5.3.2. Integrated 5.3.3. Hybrid 5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2024 to 2034 6.3.1. Computer 6.3.2. Tablet 6.3.3. Smartphone 6.3.4. Gaming Console 6.3.5. Television 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Application 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Application 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Application 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Type 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Type 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Type 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Type 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Type 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Type 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Type 15.5.2.2. By Application 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Type 15.6.2.2. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Type 15.7.2.2. By Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Type 15.8.2.2. By Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Type 15.9.2.2. By Application 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Type 15.10.2.2. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Type 15.11.2.2. By Application 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Type 15.12.2.2. By Application 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Type 15.13.2.2. By Application 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Type 15.14.2.2. By Application 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Type 15.15.2.2. By Application 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Type 15.16.2.2. By Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Type 15.17.2.2. By Application 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Type 15.18.2.2. By Application 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Type 15.19.2.2. By Application 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Type 15.20.2.2. By Application 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Type 15.21.2.2. By Application 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Type 15.22.2.2. By Application 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Type 15.23.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Type 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Intel Corporation 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Advanced Micro Devices Inc. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Nvidia Corporation 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Imagination Technologies Group 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Samsung Electronics Co. Ltd 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Arm Limted (soft Bank Group) 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. EVGA Corporation 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. SAPPHIRE Technology Limited 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Qualcomm Technologies Inc. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Graphics Processing Unit Market
