GRAPHIC PROCESSING UNIT (GPU) MARKET

Graphic Processing Unit (GPU) Market size reached USD 64.7 billion in 2023 and is estimated to reach USD 429.7 billion in 2031 and the market is estimated to grow at a very high CAGR of 26.7% from 2024-2031.

Introduction of the Graphic Processing Unit (GPU) Market Report

Graphic Processing Unit (GPU), known as a visual processing unit, is a computer chip that makes mathematical calculations rapidly for the purpose of providing images. It is integrated with hundreds of cores that handle thousands of threads simultaneously as compared to CPUs, which comprise of few cores with cache memory that restricts its ability to handle multiple threads at the same time. Graphic Processing Unit (GPU) is located on plug-in cards in a chipset on motherboard or in the same chip as CPU.

Major Graphic Processing Unit (GPU) Market Drivers

The major factors driving the growth of the global graphic processing unit (GPU) market are constant advancements in graphics-based games, increasing adoption of gaming laptops and computers, rising popularity of the internet of things (IoT), and traction in augmented reality (AR) and virtual reality (VR). It has now become a viable possibility to truly achieve augmented or virtual reality and creating a compelling user experience. This is due to the vast enhancements in graphics technology and related technological advancements in smartphones and consumer electronics. Additionally, companies are developing technologically enhanced GPU systems for VR and AR, thus creating a fully immersive experience. For instance, NVIDIA launched the NVIDIA Pascal gaming GPU, which brings new levels of realism to virtual reality through its increased graphics performance. These innovations significantly propel the growth of the global graphic processing unit (GPU) market.

GPU is a prominent system that facilitate IoT and offers a feature-rich IoT interface, which is seamless and allows ubiquitous user experience across all industries. The applications of GPU in IoT include dynamic 3D user interfaces and 3D graphics for user interface composite processing. Developments in hybrid and integrated GPUs facilitates ideal requirements of IoT systems that are suitable for battery-operated devices as they are acceptable form-factors with low power consumption. These factors play a crucial role in surging the growth of the global graphic processing unit (GPU).

Type – Segment Analysis

Based on the type, the integrated segment is expected to grow at a higher CAGR over the forecast period. Integrated GPUs are extensively used in portable electronic devices, which include tablets, wearables, smartphones, laptops, among others. In addition, companies are investing in several research & development activities for the advancement of integrated GPUs. For instance, in 2020, AMD launched its new Ryzen 4000 G-Series, integrated graphics for desktop PCs, which offers two to three times faster graphical performance than its rival chips. These advancements are likely to boost the growth of the integrated segment in the global graphic processing unit (GPU) market.

Devices – Segment Analysis

On the basis of the devices, the smartphones segment is anticipated to witness a faster CAGR over the forecast period. This is mainly attributed to the rising sales of smartphones, coupled with the increasing demand for less power consuming, offering faster speed and durable graphic processing units for smartphones. For instance, in 2020, Qualcomm Technologies launched Snapdragon 888, which has a 35% faster GPU than before and an AI chip with 1000x lower latency. Furthermore, manufacturers are developing products, supporting AR and VR which strongly needs smartphone graphic processing unit. The proliferation of high graphics-intensive games and the growing demand for mobile gaming are further supplementing the growth of the smartphones segment in the market.

Region – Segment Analysis

Based on the region, Asia-Pacific is projected to grow at a higher CAGR during the forecast period. This is mainly due to the high investment from governments for the implementation of strong graphic computing systems and IoT systems for defense & intelligence. For instance, in 2020, seven operators opened nine IoT labs to develop new IoT-based solutions. Furthermore, the increasing trend of social gaming and Massively Multiplayer Online (MMO) games is significantly contributing to the growth of the graphic processing unit (GPU) market in Asia-Pacific.

Top Market Players

Various notable players operating in the market include IBM, Intel Corporation, NVIDIA, Samsung, Advanced Micro Devices, Inc, Qualcomm Technologies, Inc., Google, Dassault Systèmes, Siemens, Sony Corporation, among others.

Key Developments

• • In 2020, Intel Corporation launched its first discrete GPU for data centers, named as Intel Server GPU. It is created to power media streaming segments and android-based cloud gaming. It is designed to be used in the new PCIe graphics card, which can be placed inside the servers.
  • In 2020, Qualcomm Technologies announced the latest Qualcomm Snapdragon Elite gaming, named as Qualcomm Adreno GPU. It is a part of Snapdragon that creates incredible graphics, which allows playing games with super smooth motion. 

Segments covered in the Report:

The Global Graphic Processing Unit (GPU) Market has been segmented on the basis of type, applications and regions. Based on the type, the market is segmented into discrete gpu, integrated gpu, hybrid gpu. Based on the applications, the market is segmented into mobile devices, pcs and workstations, servers/data centers, automotive/self-driving vehicles, gaming consoles.

Report Coverage	Details
Market Revenues (2023)	USD 64.7 billion
Market Base Year	2023
Market Forecast Period	2024-2031
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Type, By Applications, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	IBM, Intel Corporation, NVIDIA, Samsung, Advanced Micro Devices, Inc, Qualcomm Technologies, Inc., Google, Dassault Systèmes, Siemens, Sony Corporation, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Graphic Processing Unit (GPU) Market by Type

• • Discrete GPU
  • Integrated GPU
  • Hybrid GPU

Graphic Processing Unit (GPU) Market by Applications

• • Mobile Devices
  • PCs and Workstations
  • Servers/Data Centers
  • Automotive/Self-driving Vehicles
  • Gaming Consoles
  • Other Applications

Global Graphic Processing Unit (GPU) Market by Region

• • North America Graphic Processing Unit (GPU) Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Graphic Processing Unit (GPU) Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Graphic Processing Unit (GPU) Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Graphic Processing Unit (GPU) Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Graphic Processing Unit (GPU) (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • IBM
  • Intel Corporation
  • NVIDIA
  • Samsung
  • Advanced Micro Devices, Inc
  • Qualcomm Technologies, Inc.
  • Google
  • Dassault Systèmes
  • Siemens
  • Sony Corporation