Graphics Processing Unit (GPU) Market Size and Competitive Analysis by 2030

The Graphics Processing Unit (GPU) market is projected to grow from US$ 41.23 billion in 2022 to US$ 395.52 billion by 2030; it is expected to expand at a CAGR of 32.70% from 2022 to 2030. are expected to be key trends in the market.

Graphics Processing Unit (GPU) Market Analysis

The high adoption of computing products, such as laptops or personal computers (PCs), worldwide and the growing investment in the gaming industry are the key factors driving the graphics processing unit (GPU) market growth. The increasing demand for advanced graphics and computing applications and the development of technologies such as AI, along with the inclination toward real-time analysis, are principally expanding the scope of graphics processing unit (GPU) technology. Factors such as continuous developments in graphics-based games, development in virtual reality (VR) and augmented reality (AR), trending artificial intelligence (AI), and increasing adoption of computers and gaming laptops are anticipated to drive the graphics processing unit (GPU) market growth. In addition, the flourishing portable wearable and electronics market and the increasing popularity of the Internet of Things (IoT) are anticipated to propel the growth of the graphics processing unit (GPU) market size during the forecast period.

Graphics Processing Unit (GPU) Market Industry Overview

GPU stands for Graphics Processing Unit, an electronic circuit designed to operate computer graphics and process images. In other words, GPU helps generate images on a mobile phone or computer, particularly for processing-intensive applications such as video games. In some ways, the CPU takes on a lot of the computing required by computers, mobile phones, and game consoles but focuses on working with the visuals and graphics.

GPUs are an exceptional example of technology serving both professional and entertainment purposes. The developing gaming industry and the swelling popularity of cryptocurrency mining and AI technology boost the GPU market growth. Realistic and beautiful graphics are one of the chief selling points of advanced video games, meaning top-of-the-line graphics cards are anticipated to always be in high demand. VR, which is highly demanding in terms of graphics processing power, is also gaining popularity. GPUs also have principal benefits owing to their highly parallel nature. AI is becoming an essential part of numerous business solutions, and GPUs are far more effective at handling AI operations than CPUs.

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Graphics Processing Unit (GPU) Market: Strategic Insights

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Graphics Processing Unit (GPU) Market Driver and Opportunities

The Growing Popularity of the Internet of Things (IoT) to Favor Market Growth

GPUs are an integral system to facilitate IoT. GPU enables a feature-rich IoT interface that is seamless and aids ubiquitous user experience across numerous industries. Applications of GPU in IoT include 3D graphics for user interface composite processing and dynamic 3D user interfaces. Developments in hybrid and integrated GPU can facilitate ideal requirements of IoT systems that are acceptable form factors with very low power consumption appropriate for battery-operated devices. Furthermore, GPUs are the primary requirement of portable electronics products targeted by IoT, such as digital cameras and camcorders, smartphones, wearable electronics, laptops and tablets, and household electronics. Thus, the growing popularity of the IoT is anticipated to create an opportunity for the GPU market growth.

Increasing Traction in Virtual Reality and Augmented Reality

Virtual Reality (VR) and Augmented Reality (AR) are two new technologies that are gaining popularity in a variety of industries, including gaming, healthcare, entertainment, and education. VR and AR devices require powerful graphics processing units (GPUs) to display immersive and realistic experiences. GPUs are responsible for creating the complicated 3D graphics and real-time effects required for VR and AR experiences. VR and AR games are becoming increasingly popular, and many of the latest VR and AR headsets require powerful GPUs to run. This is because VR and AR games require the rendering of complex 3D worlds and characters in real time.

In the entertainment industry, VR and AR are being used to create immersive experiences for movies, TV shows, and music videos. This is another area where powerful GPUs are required to render the high-quality graphics that are needed for these experiences. In the education sector, students can experience different historical periods or explore the human body in detail using VR devices. AR can be used to overlay digital information in the real world, such as providing students with labels for plants and animals. Thus, increasing the use of VR and AR in education propels the demand for GPUs.

Graphics Processing Unit (GPU) Market Report Segmentation Analysis

The key segments that contributed to the derivation of the Graphics Processing Unit (GPU) market analysis are product and application.

• The market is segmented by type into dedicated, integrated, and hybrid. The integrated segment held the largest share of the market in 2023.
• The market is segmented by application into tablets, smartphones, computers, gaming consoles, television and others. The smartphone segment held the largest share of the market in 2023.

Graphics Processing Unit (GPU) Market Share Analysis By Geography

Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.

The European GPU market is also registering subtle growth currently owing to the rising demand from gaming, data centers, and the automotive sector. In Europe, the use of data centers is growing rapidly as many businesses adopt cloud computing and artificial intelligence (AI)/ machine learning (ML) technologies. Also, the number of data centers in the region is growing. For instance, Start Campus was one of the flagship announcements of 2021. A US$ 4.2 billion, 495 MW data center campus is to be built south of the Portuguese capital, Lisbon, a market whose value is currently estimated at less than US$ 1 billion. Similarly, Italian hyperscale data center operator Aruba announced that it intends to open the doors of Rome’s largest data center development in 2023. Thus, the increasing number of data centers in Europe drives the growth of the GPU market.

Graphics Processing Unit (GPU) Market Regional Insights

The regional trends and factors influencing the Graphics Processing Unit (GPU) Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Graphics Processing Unit (GPU) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Graphics Processing Unit (GPU) Market Report Scope

Graphics Processing Unit (GPU) Market Players Density: Understanding Its Impact on Business Dynamics

The Graphics Processing Unit (GPU) Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Graphics Processing Unit (GPU) Market are:

1. Intel Corporation
2. Nvidia Corporation
3. Imagination Technologies Group
4. Samsung Electronics Co. Ltd
5. Arm Limited (soft Bank Group)
6. EVGA Corporation

Disclaimer: The companies listed above are not ranked in any particular order.

Graphics Processing Unit (GPU) Market News and Recent Developments

The High Speed Connector market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Graphics Processing Unit (GPU) Market are listed below:

• NVIDIA Corporation announced GeForce RTX SUPER desktop GPUs for supercharged generative AI performance, new AI laptops from every top manufacturer, and new NVIDIA RTX --accelerated AI software and tools for both developers and consumers. (Source: NVIDIA Corporation, Press Release, January 2024)

Graphics Processing Unit (GPU) Market Report Coverage & Deliverables

The Graphics Processing Unit (GPU) market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Graphics Processing Unit (GPU) Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

• Graphics Processing Unit (GPU) Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Graphics Processing Unit (GPU) Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Graphics Processing Unit (GPU) Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Graphics Processing Unit (GPU) Market
• Detailed company profiles.