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The Graphics Processing Unit (GPU) Market size was valued at around USD 132.01 Billion in 2023 and is expected to reach a value of USD 526.64 Billion by 2031, at a CAGR of 33.3 % over the forecast period (2024–2031).
The increasing demand for specialized processors that can handle intricate mathematical computations linked to 2D and 3D graphics is the main factor driving the global market for graphics processing units. The market is expanding as a result of processors being used more often to serve graphics applications and 3D content across a number of business verticals, including manufacturing, healthcare, real estate, and automotive. For example, CAD and simulation software supports graphic processing units to generate photorealistic graphics or animations, to boost manufacturing & design applications in the automobile sector.
Additionally, the global GPU market is expanding due to the increasing use of portable computers, such as laptops. Moreover, the growing number of complex visual games is the main factor propelling the market's growth. The industry is expanding since these demanding application games require graphic cards with a lot of RAM. But the global GPU industry is predicted to develop at a slower rate due to the rise of mobile gaming and the waning need for desktop computers. Furthermore, the market's expansion may be hampered by integrated GPUs' inability to support visual design software that is intensive.
Furthermore, the COVID-19 pandemic's operational disruptions in the electronics sector have had an impact on GPU output. The supply chain and distribution routes were impacted by the coronavirus pandemic, which in turn had an impact on the sectors that depend on GPU components. However, the market for graphics processing units is expected to have enormous prospects in the upcoming years due to the growing demand for animation-based games like FIFA, the necessity for speed, and the growing usage of virtual reality headsets.
The report will cover the qualitative and quantitative data on the global Graphics Processing Unit (GPU) Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
By Type (Dedicated, Integrated, Hybrid), By Device (Computer, Tablet, Smartphone, Gaming Console, Television, Others), By Industry Vertical (Electronics, IT & Telecommunication, Defense & Intelligence, Media & Entertainment, Automotive, Others)
Study Period | 2024-31 |
Base Year | 2023 |
Estimated Forecast Year | 2024-31 |
Growth Rate | CAGR of 33.3% from 2024 to 2031 |
Segmentation | By Type, By Device, By Industry Vertical, By Region |
Unit | USD Billion |
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Graphics Processing Unit (GPU) Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2024-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
The report also helps in understanding Global Graphics Processing Unit (GPU) Market dynamics, structure by analyzing the market segments, and project the Global Graphics Processing Unit (GPU) Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Graphics Processing Unit (GPU) Market make the report investor’s guide.
The market scope is segmented because of By Type, By Device, By Industry Vertical.
Based on the Type of the market is segmented Dedicated, Integrated, Hybrid.
Hybrids are anticipated to grow at their fastest rate. With the help of a tiny specialized memory cache, a new breed of GPUs known as hybrids may share memory with the system and make up for the system RAM's excessive latency. Hybrid GPUs typically incorporate components from both high-end and low-end GPUs. The ability of laptop makers to integrate high-end and low-end GPUs is what is driving the emergence of hybrid graphics processing units. To make GPU integration easier, a number of GPU vendors have created hybrid graphics technologies. Examples of these include AMD's Hybrid CrossfireX, Nvidia's TurboCache, ATI's Hyper Memory, and others.
GPU hardware is being used more and more in games and visual graphics applications. The management of many processes was made possible by a new GPU hardware scheduling function that Microsoft Corporation added to the Windows 10 release in May 2020.
Based on Industry Vertical the market is segmented into Electronics, IT & Telecommunication, Defense & Intelligence, Media & Entertainment, Automotive, Others.
The market is expected to grow at the quickest rate during the projected period in the automotive application sector since graphics processors are widely used in design and engineering applications. The need to keep up a continuously growing product line, adjust to shifting market demands, and react swiftly to new vehicle advancements is becoming increasingly great for automotive design departments.
The IT and telecommunication industry vertical includes companies involved in software development, telecommunications services, network infrastructure, and cloud computing. GPUs are utilized in data centers, server farms, and cloud computing platforms to accelerate data processing, machine learning algorithms, and parallel computing tasks. In the IT and telecommunication sector, GPUs enable faster data analysis, enhanced virtualization capabilities, and improved performance in AI-driven applications and services.
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. Asia Pacific's graphics processing unit market is projected to develop at a compound yearly growth rate of 32.23% between 2022 and 2029. A rise in gamers is fueling the market's expansion, which in turn is driving up local game creation companies. The fact that well-known GPU businesses are investing heavily in the industry and making notable advancements in it is also creating new growth opportunities for the regional market. RTX 3060S to 3080S under MSRP have recently taken over the Chinese used GPU market. Another effect of the nation-wide spike in GPU purchases is the changes made to the laws concerning cryptocurrencies. As a result, this will help companies in the near future meet the demand for premium cards across the country. Therefore, as was already mentioned, these factors ought to provide profitable opportunities for the Chinese graphics processing unit industry in the years to come.
The North American graphics processing unit (GPU) market is anticipated to grow at a compound annual growth rate (CAGR) of 31.76% due to the demand for GPUs in the defense, media & entertainment, IT & telecommunication, and other industries. Growing government support for virtual reality, the emergence of machine learning startups, and the prominence of large area enterprises are all promising developments for the future of the regional market. The media, entertainment, defense, and IT sectors are the primary industries in North America that employ graphics processing units. Additionally, the growing popularity of portable computers like laptops and smartphones as well as advancements in GPU technology are driving the market's growth. In addition, government support for virtual reality and the rise of several machine learning startups are expected to support the demand for graphics processing units. The number of people choosing video games is on the rise in the United States.
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Graphics Processing Unit (GPU) Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
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04 Jan 2024
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