Graphics Processing Unit Market Growth Analysis Report & Share by 2030

Graphics Processing Unit (GPU) Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Dedicated, Integrated, and Hybrid), Application (Computer, Tablet, Smartphone, Gaming Console, Television, and Others), and Geography

Publication Month : Oct 2023

  • Report Code : TIPRE00012726
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 161
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[Research Report] The Graphics Processing Unit (GPU) market size is expected to grow from US$ 41.23 billion in 2022 to US$ 395.52 billion by 2030; it is estimated to grow at a CAGR of 32.7% from 2022 to 2030.

Graphics Processing Unit (GPU) Market Analyst Perspective:

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) is an enormously multi-threaded architecture and was previously extensively used for graphical and now non-graphical computations. Graphics Processing Units (GPUs), which work with Central Processing Units (CPUs) in personal computers, are special-purpose processors designed to competently perform the calculations necessary to create visual output from program data. Graphics processing unit (GPU) has become a powerful programmable processor, with both hardware and application programming interface (APIs) increasingly focusing on the programmable characteristics of the graphics processing unit (GPU), so the outcome is a processor with massive arithmetic capability is graphics processing unit (GPU).

Graphics Processing Unit (GPU) Market Overview:

GPU stands for Graphics Processing Unit, an electronic circuit designed to operate computer graphics and process images. In other words, GPU help generate the 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.

GPU 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. GPU also have principal benefits owing to their highly parallel nature. AI is becoming an essential part of numerous business solutions, and GPU are  far more effective at handling AI operations than CPUs.

Technological advancement in high-performing computing (HPC) is also expected to create opportunities for GPU vendors. For instance, in March 2022, AMD announced the launch of the novel AMD Radeon PRO W6600X GPU for Mac Pro, which is designed to aid professionals in pushing the boundaries based on the AMD Infinity Cache, AMD RDNATM 2 architecture, and other advanced technologies; the novel GPU delivers performance and visuals to power a broad range of professional applications and workloads. Further, in January 2022, Nvidia announced the novel GeForce RTX 3050 GPU, which helps PCs run modern games. Nvidia also launched the high-powered GeForce RTX 3090 Ti GPU.

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Graphics Processing Unit (GPU) Market: Strategic Insights

graphic-processing-unit-market
Market Size Value inUS$ 41.23 billion in 2022
Market Size Value byUS$ 395.52 billion by 2030
Growth rateCAGR of 32.7% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Graphics Processing Unit (GPU) Market Driver:

The growing popularity of the Internet of Things (IoT) Drive the Growth of the GPU Market

GPU are an integral system to facilitate IoT. GPU enable 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, GPU 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.

Achieving true augmented or virtual reality and generating a compelling user experience is now a practical possibility due to enormous improvements in graphics technology, as well as associated technology developments in consumer electronics and smartphones. There are a number of different companies developing VR solutions, all seeking to redefine the method by which individuals experience computing fundamentally. Companies are developing technologically progressive GPU systems for VR and AR, thus generating a fully immersive experience that is highly appealing to the film and computer industries, developers, and consumers. Increasing incorporation of AR and VR in various applications is expected to boost the GPU market growth.

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Graphics Processing Unit (GPU) Market Segmental Analysis:

The smartphone segment dominated the GPU market share in 2022 and is anticipated to grow considerably during the forecast period. This is attributed to the augmented demand for less power-consuming and more durable GPU for smartphones. Similarly, smartphone manufacturers are developing products supporting AR and VR, which is anticipated to act as an opportunity for the smartphone GPU market. Furthermore, the increasing adoption of smartphones for gaming purposes has amplified the demand for high-end computing systems that can support graphics-intensive gaming applications.

Graphics Processing Unit (GPU) Market Regional Analysis:

Asia Pacific is anticipated to dominate the GPU market growth during the forecast period. The rise in demand for electronic devices such as laptops, smartphones, and computers in nations such as India and China is fueling the regional economy. According to the Economic Times, the Indian smartphone market saw 30.6-million-unit shipments in Q1 2023. Similarly, rising data center expenditures and research centers across the Asia Pacific are expected to boost the GPU demand. For instance, in February 2023, the Indian Ministry of Finance announced that three centers of excellence for artificial intelligence (AI) will be established under the National Data Governance Policy. This shows the demand for GPU is projected to increase at a rapid pace as more countries in the Asia Pacific are investing in data center infrastructure, and augmented demand for electronic devices will increase the GPU market growth. The growth in the gaming industry of China is principally due to swelling investment in developing R&D capability for GPU technology. Therefore, the GPU market in Asia Pacific is anticipated to grow significantly during the forecast period.

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Graphics Processing Unit (GPU) Market Key Player Analysis:

Intel Corporation, Nvidia Corporation, Imagination Technologies Group, Samsung Electronics Co. Ltd, EVGA Corporation, SAPPHIRE Technology Limited, Qualcomm Technologies Inc., Asus, and AMD are the top players operating in the market owing to the diversified product portfolio offered. The worldwide GPU market is highly consolidated with limited market players. Thus, market players are focusing on R&D activities to gain a competitive advantage in several end-user segments. Companies are also adopting strategies such as innovations, partnerships, and mergers & acquisitions to develop their product offerings and obtain sustainable competitive advantage in the GPU market.

Graphics Processing Unit (GPU) Market Recent Developments: 

Companies in the GPU market highly adopt inorganic and organic strategies such as mergers and acquisitions. A few recent key GPU market developments are listed below: 

  • In March 2022, Intel announced the launch of the Arc series of GPU for desktop PCs and laptops. Laptops with the Arc 3 GPU, designed for enhanced gaming and content production, were available for pre-order.
  • In February 2022, AMD completed the acquisition of Xilinx. The acquisition of Xilinx brought together a highly complementary set of customers, products, and markets combined with differentiated IP to generate the industry's high-performance and adaptive computing leader and the capability to deliver an expanded set of solutions, including AMD GPU and CPUs.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which country is holding the major market share of graphics processing unit (GPU) market?

The U.S. held the largest market share in 2022, followed by China.

What is the estimated global market size for the Graphics Processing Unit (GPU) Market in 2022?

The Graphics Processing Unit (GPU) Market was US$ 41.23 billion in 2022 and is expected to grow at a 32.7% CAGR from 2022 - 2030.

Which are the key players holding the major market share of the Graphics Processing Unit (GPU) Market?

The key players holding majority shares in the graphics processing unit (GPU) market include Intel Corporation, Nvidia Corporation, AMD, Samsung Electronics Co. Ltd, Qualcomm Technologies Inc.

Which is the fastest growing country market?

India is anticipated to grow with the highest CAGR over the forecast period.

What are the future trends of the Graphics Processing Unit (GPU) Market?

The rising adoption of cloud computing is one of the trends for the graphics processing unit (GPU) market.

What are the driving factors impacting the Graphics Processing Unit (GPU) Market?

The Rising Demand for High-End Personal Computing Devices Such as Laptops can be a factor that is driving the Graphics Processing Unit (GPU) Market.

The List of Companies - Graphics Processing Unit (GPU) Market 

  1. Intel Corp
  2. NVIDIA Corp
  3. Apple Inc
  4. Qualcomm Inc
  5. Samsung Electronics Co Ltd
  6. SAPPHIRE Technology Ltd.
  7. Advanced Micro Devices Inc
  8. ASUSTek Computer Inc
  9. Imagination Technologies Ltd
  10. EVGA Corp

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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