The global graphic processing unit market is estimated to be valued at US$37.02 billion in 2022 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The graphic processing unit market offers specialized processors that are designed to handle complex graphical computations, making them essential in various industries such as gaming, video editing, virtual reality, and artificial intelligence. These high-performance computing devices are capable of processing massive amounts of data at high speeds, resulting in enhanced visual experiences and improved system performance. The increasing demand for real-time rendering, high definition graphics, and immersive gaming experiences are driving the growth of the graphic processing unit market. These devices are also crucial in the development of advanced technologies such as self-driving cars and machine learning, wherein massive computational power is required. Thus, the market for graphic processing units is expected to witness significant growth in the coming years.
Market Key Trends:
One key trend in the graphic processing unit market is the rise in demand for GPUs in the data center segment. With the increasing adoption of cloud computing and the growing need for efficient and powerful servers, data centers are seeking high-performance computing solutions. Graphic processing units offer significant advantages over traditional central processing units in terms of parallel processing capabilities, energy efficiency, and cost-effectiveness. These factors make GPUs a preferred choice for accelerating workloads in data centers, including artificial intelligence, deep learning, and scientific simulations. As a result, major players in the market are focusing on developing GPUs specifically designed for data center applications. This trend is expected to drive the growth of the graphic processing unit market in the forecast period.
Segment Analysis:
The graphic processing unit (GPU) market encompasses various segments, including type, application, and end-user. Among these, the gaming segment dominates the market and is expected to continue its dominance over the forecast period. This can be attributed to the increasing popularity of video games among consumers worldwide. The gaming segment is further divided into sub-segments such as consoles, handheld devices, and PCs. Among these, the PC gaming sub-segment holds the largest market share, primarily due to the widespread usage of PCs for gaming purposes. With the advancements in technology and the growing demand for high-quality graphics in games, the demand for GPUs in the gaming segment is expected to witness significant growth.
Key Takeaways:
The global Graphic Processing Unit Market is expected to witness high growth, exhibiting a CAGR of 12% over the forecast period from 2023 to 2030. This growth can be attributed to various factors, including the increasing adoption of GPUs in sectors such as gaming, virtual reality, artificial intelligence, and cryptocurrency mining. The growing popularity of video games among consumers, coupled with the advancements in graphics technology, is driving the demand for high-performance GPUs in the gaming segment.
In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the GPU market. This can be attributed to the presence of major key players in the region, such as NVIDIA Corporation and Intel Corporation, who are continuously innovating and introducing advanced GPU technologies. Additionally, the high disposable income of consumers in North America, coupled with the increasing demand for high-quality graphics in gaming and entertainment, further contributes to the market growth in this region.
Key players operating in the GPU market include IBM Corporation, Intel Corporation, NVIDIA Corporation, Samsung Electronics Co., Ltd., Qualcomm Incorporated, Advanced Micro Devices, Inc., Dassault Systems, Inc., Google, Inc., Siemens AG, and Sony Corporation. These key players are actively involved in research and development activities to introduce new and advanced GPU technologies in the market. They are also focusing on strategic partnerships, collaborations, and mergers and acquisitions to expand their market presence and gain a competitive edge over other players.
Overall, the GPU market is poised to witness substantial growth over the forecast period, driven by the increasing demand for high-performance graphics in gaming, virtual reality, and artificial intelligence applications. The dominance of the gaming segment, particularly in the PC gaming sub-segment, and the rapid technological advancements are expected to propel the market growth. Additionally, the presence of major key players and the rising disposable income of consumers in North America further contribute to the market's expansion in this region.
Read More:
The global Graphic Processing Unit Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Graphic Processing Unit include Autodesk, Dassault Systems, Advanced Micro Devices (AMD), Google, Qualcomm, IBM Intel, Microsoft, NVIDIA, Siemens AG, Nimbix, Penguin Computing, Amazon Web Services, Cogeco Communications, ScaleMatrix, PTC, and S3 Graphics..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Graphic Processing Unit Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/graphic-processing-unit-market/download-sampleMarket SegmentationThe broad Graphic Processing Unit has been sub-grouped into the Component, Deployment Mode, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
Global Graphic Processing Unit (GPU) Market by Type and by RegionThe GMI Research foresees that the Graphic Processing Unit (GPU) Market will encounter an escalating demand over the forecast period.
This is because of the ongoing modernisations in graphic-based games, accelerating penetration of gaming laptops and computers, and increasing incorporation of the internet of things.Request a free sample of this reportIntroduction of the Market Graphic Processing Unit or visual processing unit refers to a computer chip to perform mathematical calculations faster to offer images.
It is incorporated with hundreds of cores that tackle thousands of threads synchronously in contrast to CPUs, which constitutes of few cores with RAM restricting its potential to manage threads at the same time.Key Players of Market:GoogleIBMNVIDIASamsungIntel CorporationAdvanced Micro Devices, IncQualcomm Technologies, Inc.Dassault SystemsSony CorporationSiemensGraphic Processing Unit (GPU) Market DynamicsThe ongoing modernizations in graphical games and increasing drift towards the internet of things (IoT), Augment Reality (AR), and Virtual reality (VR) are the driving factors supplementing the growth of the global graphic processing unit (GPU) market.
For instance, NVIDIA introduced the NVIDIA Pascal gaming GPU offering novel levels of realism to virtual reality via its enhanced graphics performance.
Thus, all these innovations have significantly promoted Graphic Processing Unit (GPU) Market Size.Further, GPU helps enhance the internet of things and provides a more diverse IoT interface enabling a flawless experience across all sectors.
Moreover, the growing application of GPU in IoT, such as 3D graphics and dynamic user interfaces to enable composite processing in another factor paving the way for market growth.
