Graphics Processing Unit (GPU) Market Size, Share, Growth, and Industry Analysis, By Type (Discrete Graphics Processor and Integrated Graphics Processor), By Application (Games and Entertainment, Data center, Professional visualization, Car and Others) and Regional Forecast to 2032

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GRAPHICS PROCESSING UNIT(GPU) MARKET REPORT OVERVIEW

The Graphics Processing Unit (GPU) Market Size was US$ 31080 Mn in 2023 and is projected to touch US$ 112709.33 Mn By 2032, Exhibiting a CAGR of 11.6% During the Forecast Period.

Graphics Processing Unit or GPU on a computer or other digital platforms is an electronic chip that is built specifically to enhance the rapid displaying of images, videos and animations. Different from Central Processing Unit which is involved in concurrent general operations, GPU is designed to perform several simultaneous calculations.

COVID-19 Impact: Market Growth increased by the Pandemic due to Increased Demand for GPUs

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The growing popularity of remote work and online classes last year elevated the need for PCs and laptops that can pack a fair amount of computational power. Business persons and students required powerful hardware for purposes we saw earlier, including video conferencing, content creation, and gaming hence boosting the sales of GPU.

LATEST TRENDS

"AI and Machine Learning Integration to Propel Market Growth"

AI and machine learning are two major industries that heavily rely on the performance of GPUs and therefore dependent on it. That is why and where GPUs are the most suitable parallel computer for AI and machine learning such as deep learning and big data analysis. Chip makers like NVIDIA and AMD are day and night trying to come up with GPUs possessing dedicated circuits such as the NVIDIA Tensor Cores for Artificial Intelligence computation.

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GRAPHICS PROCESSING UNIT(GPU) MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Discrete Graphics Processor and Integrated Graphics Processor.

• Discrete Graphics Processor- A Discrete GPU is thus a graphics card which is independent of the centralized processing unit or CPU. It is normally placed in a special PCIe slot at the main board for a computer or any other electronic device.

• Integrated Graphics Processor- This type of GPU is incorporated within the same microchip as the computer’s central processing unit or within the framework of the microarchitecture concept referred to as system-on-chip) or SoC. Unlike the CPU and cache, it does not have its memory; it directly uses the central memory or Random Access Memory (RAM).

By Application

Based on application the market can be categorized into Games and Entertainment, Data center, Professional visualization, Car and Others.

• Games and Entertainment- These are needed in games since the GPUs supply the processing power for 3D environments, characters and effects in real time. They allow 60+ fps, clean gaming, and compatibility with profound visual features such as ray tracing and VR, which help to improve the quality of the game.

• Data Center- AI and machine learning workloads are now being offloaded to GPUs present in data centers . GPUs are particularly useful in handling the parallel computational tasks that are involved in model training and therefore they are the backbone when it comes to data extensive applications such as natural language processing, image recognition, and predictive analysis among others.

• Professional Visualization- Graphic artists and designers in the field of architecture, engineering, and product design use GPUs in the area of modeling and rendering. CAD and CAM software programs in creating designs relies on the GPU to generate accurate output as fast as possible.

• Car- Autonomous cars employ GPUs, toggling through different layers of cameras, LIDAR, and radar inputs to make split-second decisions. Some of them are employed in the training of artificial intelligence algorithms that help vehicle identify road surfaces.

DRIVING FACTORS

"Rise of AI and Machine Learning to Drive Market Advancement"

One of the key driving factors in the Graphics Processing Unit (GPU) Market growth is Rise of AI and Machine Learning. They use AI and machine learning as some of the key factors which have propelled the growth of the GPU market. GPUs are especially ideal for the parallelism notorious to data and the distinctive algorithms which define AI and machine learning applications. In contrast to conventional central processing units, graphic processing units are capable of performing multi-operation at a certain instance, making them useful in training most deep learning models, as usually, deep learning involves a series of operations to be conducted that may exceed billions in number.

"Advancements in Autonomous Vehicles to Expand the Market"

Research on Self-driving Cars is one of the key stimuli of GPUs because of the high computational power required in the formation of such cars. Self-driving cars call for the immediate processing of data and the use of algorithms necessary to analyze the information received from the sensors and make appropriate, fast decisions. GPUs are not less essential in this regard because they are good at parallel computing, which involves almost the immediate processing of data from cameras, LiDAR and radar, and other sensors.

RESTRAINING FACTOR

"High Costs Poses Potential Impediments to Market Growth"

Currently, costs are a major threat in the Graphic Processing Unit (GPU) market because they can lower its openness and utilization of these innovative developments. The research and development costs, quality of materials, which are employed in the manufacturing of special graphic cards, and the manufacturing process itself is costly, therefore making the product expensive. In today’s world, for end users, especially gamers and creative workers, high performance GPUs are expensive and can be a problem for many people who cannot afford to buy new equipment.

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GRAPHICS PROCESSING UNIT(GPU) MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific to Dominate the Market due to Growing Consumer Electronics Market"

Asia Pacific has emerged as the most dominant region in the Graphics Processing Unit (GPU) Market share due to a convergence of factors that propel its leadership in this dynamic industry. The region has a very large and evolving PCP consumer electronic market and demand for GPU is high in gaming, smartphones and other applications. The growing occasion of eSports and the growing use of console gaming increases GPU demand in the region.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Graphics Processing Unit (GPU) Landscape through Innovation and Global Strategy"

Major industry players are pivotal in shaping the  Graphics Processing Unit (GPU)  market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. By consistently introducing inventive solutions and staying at the forefront of technological progress, these key players redefine the industry's standards. Simultaneously, their expansive global reach enables effective market penetration, addressing diverse needs across borders. The seamless blend of groundbreaking innovation and a strategic international footprint positions these players as not only market leaders but also as architects of transformative shifts within the dynamic domain of  Graphics Processing Unit (GPU).

LIST OF MARKET PLAYERS PROFILED

• Qualcomm(S.)
• ARM Limited(K.)
• Intel Corporation(S.)
• Advanced Micro Devices (AMD)(S.)
• Nvidia Corporation(S.)

INDUSTRIAL DEVELOPMENT

Jan 2021: Qualcomm said its subsidiary Qualcomm Technologies has signed a definitive agreement to acquire NUVIA for approximately $1. 4 billion excluding working capital and other adjustments. The completion of the transaction depends on such conditions as are ordinarily required in such transactions.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.