The Graphic Processing Unit (GPU) market has experienced significant growth in the recent years owing to the increasing demand for high-end gaming experiences. GPUs are extensively used in gaming devices such as personal computers, gaming consoles, and smartphones to enhance the gaming graphics and render high definition 3D visuals. Additionally, increased internet penetration and proliferation of online and competitive multiplayer gaming have also augmented the demand for high-performance GPUs. GPUs offer advantages such as faster rendering, reduced latency, enhanced image quality, and flawless gameplay over integrated graphics. With continuous technological advancements, newest GPUs can process extremely large and complex 3D environments with millions of polygons in real-time.
The Global Graphic Processing Unit Market is estimated to be valued at US$ 47.77 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Graphic Processing Unit market are Salesforce.com, Inc., LogicBay Corporation, Oracle Corporation, Allbound Inc., International Business Machines Corp, Impartner Software, ZINFI Technologies, Inc., Zyme Solutions, PartnerPath, Blackhawk Engagement Solutions, Inc., The Planet Group, Allbound Inc., and Channeltivity, LLC. These players are focusing on developing more powerful and energy efficient GPUs to cater to the rising demand from gamers and data scientists.
The Graphic Processing Unit Market Growth is expected to significantly rise with the growth of the gaming and eSports industry worldwide. As games get graphically intensive with advanced virtual environments, GPUs play a crucial role in delivering optimal gaming experiences. Additionally, increasing penetration of virtual reality and augmented reality technologies will further propel the need for high-performance GPUs.
The Graphic Processing Unit market is expanding globally with growing gaming and eSports markets in emerging economies of Asia Pacific and Latin America. Leading GPU manufacturers are actively targeting these regions by establishing local manufacturing plants and strengthening distribution networks. Global expansion allows players to tap the massive untapped market potential in developing countries.
Market drivers
The main driver boosting the Graphic Processing Unit market is the growth of the global gaming industry. As per industry estimates, the gaming industry has grown to over US$ 300 billion in 2022 and is expected to reach US$ 500 billion by 2030. Gaming today has evolved beyond the traditional console gaming to online, mobile, and eSports platforms. The proliferation of these new gaming mediums requires powerful hardware such as GPUs to support the advanced 3D graphics and real-time rendering needs. Thus, the booming gaming economy acts as the primary growth engine for the Graphic Processing Unit market on a global level.
The current geopolitical situation is impacting the growth of the Graphic Processing Unit (GPU) market in several ways. The ongoing tensions and conflicts between major world powers like US, China and Russia are disrupting global supply chains and trade. Heightened political risks and economic uncertainty in many regions are dampening the demand for high-end technology products like GPUs. Resource-rich countries are facing inflationary pressures due to volatile commodity prices. All these factors are negatively impacting the IT spending by consumers as well as large enterprises, hindering the growth of the GPU market in the short to medium term.
However, governments across the world are investing heavily in digitization, AI and high-performance computing to support strategic industries and boost national security. Promoting semiconductor self-reliance has become a priority for major economies. This is driving greater support for domestic GPU manufacturing and R&D. Countries are also exploring trade and investment partnerships to build resilient international supply networks for critical tech components. If geopolitical stability returns in the long run, such initiatives will help revive the growth momentum of the GPU industry globally. Till then, manufacturers will need to diversify their supply footprint and closely monitor changing regulations to minimize disruptions.
In terms of value, North America holds the largest share of the global GPU market and is expected to retain its leading position during the forecast period. Presence of prominent tech giants and extensive investments in AI and supercomputing make US and Canada major hubs of GPU adoption. Meanwhile, the Asia Pacific region including China, India and South East Asian countries offers the fastest growth opportunity. Ever-growing demand for smartphones, tablets and VR/AR devices is spurring the uptake of low-to-mid range GPUs in the region. Combined with government incentives for semiconductor development, APAC will likely emerge as the new powerhouse for the GPU industry over the next decade.
Europe has a significant share of the worldwide GPU market currently led by countries such as Germany, UK and France. Heavy investments in AI and smart infrastructure projects under the European Digital Strategy are strengthening the regional demand. Initiatives to develop indigenous chip making capabilities could also provide an impetus to Europe's GPU production capacity going forward. Japan is another important Asian market backed by local tech majors and investments in supercomputing infrastructure. Overall, Asia Pacific becomes an indispensable market zone globally both in terms of volume as well as innovation in the Graphic Processing Unit industry.
Get More Insights on Graphic Processing Unit Market
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.
Graphic Processing Unit Market report endows with a profound overview of product specification, product type, production analysis, and technology by taking into consideration the major factors such as revenue, cost, and gross margin.
According to this report, key players are taking actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive analysis in the Graphic Processing Unit industry.
What is more, Graphic Processing Unit market report analyses and provides the historic data along with the current performance of the market.
This report is a professional and in-depth analysis on the current state of the market and Graphic Processing Unit industry.Global graphic processing unit market is growing at with the healthy CAGR of 34.05% during the forecast period of 2019 to 2026.
The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.This Graphic Processing Unit market research report also provides an analytical measurement of the main challenges faced by the business currently and in the upcoming years.
Market analysis, market definition, currency and pricing, key developments and market categorization along with detailed research methodology are the key factors of this market report.
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.
