The global graphic processing unit (GPU) market size was valued at USD 42.2 Billion in 2022 and is expected to reach USD 773.07 Billion by 2032 and is poised to grow at a compound annual growth rate (CAGR) of 33.8% during the forecast period 2023 to 2032.
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The Asia Pacific graphic processing unit (GPU) market size was valued at USD 13.50 billion in 2022 and is expected to reach USD 243.72 billion by 2032, growing at a CAGR of 33.60% from 2023 to 2032.
The Asia-Pacific dominated the global graphics processing unit market in the year 2022 and projected to retain its dominant position during the forecast period. The growth of the region is attributed to the significant investment from the government to generate high graphic computing systems used for defense & intelligence coupled with the rising incorporation of IoT systems that demand efficient graphic computing systems. Furthermore, rising penetration of internet and smartphones in the region accounted as the other most important factors escalating the demand for graphic processing units over the forecast timeframe.
On the other hand, Rest of the world anticipated to witnesses the highest growth rate in the upcoming years because of various factors that include rise in disposable income, increasing purchasing capability of consumers, and rise in demand for smart watches and smart TV in the region drives the growth of the market. Furthermore, Latin America and Middle East & Africa offer lucrative opportunities for establishing new network communication that triggers the investment in the internet and smartphone market in the region.
Factors such as continuous advancements in graphic-based games, trending Artificial Intelligence (AI), traction in Virtual Reality (VR) & Augmented Reality (AR), and increasing adoption of gaming laptops together with computers expected to propel the graphics processing unit market growth. In addition, thriving wearable and portable electronics market along with rising popularity of Internet of Things (IoT) predicted to accelerate the growth of the graphics processing unit market during the upcoming years.
Achieving augmented reality along with producing a convincing user experience is now feasible due to significant improvements in the graphics technology coupled with related technology developments in consumer electronics and smart phones. Numerous GPU manufacturing companies are engaged in the development of VR solutions that expected to basically redefine the computing experience. Furthermore, companies are prominently developing advanced GPU systems for VR and AR, thereby attracting the computer and film industries, consumers, and developers. Increasing integration of VR and AR in different applications projected to propel the adoption of graphic processing units.
On the other side, inability of integrated GPU to assist intensive graphic designing software projected to restrict the growth of the graphics processing unit market during forecast period.
|Market Size in 2023||USD 56.25 Billion|
|Market Size by 2032||USD 773.07 Billion|
|Growth Rate from 2023 to 2032||CAGR of 33.8%|
|Largest Market||Asia Pacific|
|Fastest Growing Market||North America|
|Forecast Period||2023 to 2032|
|Segments Covered||Device, Type, Industry Vertical, Region|
|Companies Mentioned||Intel Corporation, IBM Corporation, Samsung Electronics Co., Ltd., NVIDIA Corporation, Siemens AG, Advanced Micro Devices, Inc., Qualcomm Incorporated, Google, Inc, Dassault Systems, Inc., and Sony Corporation|
The smartphone devices emerged as the dominating segment in the global GPU market for the year 2022 and expected to maintain the same trend over the forecast period. The growth of the segment is attributed to the significant demand of durable as well as less power consuming GPU that foster the growth of integrated GPUs in the smartphone segment. In addition, smartphone manufacturers develop products that support AR and VR that projected to offer significant opportunity for the smartphone GPU market. Moreover, increasing adoption of smartphones for gaming purpose has surged the demand for high-end computing systems that can serve graphics-intensive gaming applications.
On the other hand, the other segment anticipated to witness the highest growth rate during upcoming years because of rising demand for small sized and efficient GPUs in other devices for example medical equipment that can potentially spur the graphic computing quality and speed.
The integrated segment led the GPU market by type with prominent value share in 2022 and expected to retain its position during the forthcoming years because integrated GPUs find wide application in portable electronic devices that include tablets, smartphones, laptops, wearable’s, and many others. In addition, the market witness significant research activities dedicated towards the development of integrated GPUs that are capable enough to aid high graphic processing in supercomputers, AI platforms, and VR systems.
Besides this, hybrid GPUs predicted to register the highest growth over the analysis period as hybrid processors have capabilities of both dedicated and integrated GPU that makes them a preferred choice for the software developers to improve the efficiency of graphics-intensive applications.
The competitive landscape of the global graphic processing unit market is described as highly competitive owing to the presence of prominent market players that includes NVIDIA Corp., AMD, and Intel Corp. These industry players invest significantly in the research & development (R&D) activities to manufacture next-generation graphics processors that cater the requirements of computing-intensive applications. For instance, in September 2017, Intel Corporation launched eighth generation Coffee Lake processors that have integrated graphics and better overclocking capabilities. Similarly, in October 2017, UK Cloud launched cloud GPU services based on NVIDIA virtual GPU solutions to assist high-computing applications for UK Cloud’s healthcare customers and public sector of United Kingdom.
Some of the prominent players in the Graphic Processing Unit (GPU) market include:
Segments Covered in the Report
This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2020 to 2032. This report contains market breakdown and its revenue estimation by classifying it based on device, type, industry vertical, and region:
By Industry Vertical
By Regional Outlook
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