Graphics Processing Unit (GPU) Market is Anticipated to Reach at a Highest CAGR of 33.3% by 2030

The global Graphics Processing Unit (GPU) Market size is projected to reach a CAGR of 33.3% from 2023-2030. Global Graphic Processing Unit (GPU) Market Size by Type (Dedicated, Integrated, Hybrid), By Device (Computer, Tablet, Smartphone, Gaming Console, Television), By Industry Vertical (Electronics, IT And Telecommunication, Défense And Intelligence), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

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A Graphics Processing Unit (GPU) is a chip or electronic circuit able to render graphics for display on an electronic machine. The GPU was introduced to the broader market in 1999 and is famously known for its use in offering the smooth graphics that customers expect in modern videos and games. GPUs come in two primary types: integrated and discrete. An integrated GPU seems not to come on its own separate card at all and is rather embedded alongside the CPU. A discrete GPU is a distinct chip that is installed on its own circuit board and is typically attached to a PCI Express slot. GPUs use transistors to execute mathematical calculations of 3D graphics. Modern GPUs include support for programmable shaders to manage vertices and textures, further improving high-precision color spaces while displaying 3D graphics. GPUs are used in fixed systems, mobile phones, personal computers, workstations, and game consoles. Modern GPUs are very also effective at manipulating computer graphics and image processing. Their highly parallel structure makes them more effective than general-purpose central processing units (CPUs) for algorithms that process large blocks of data in correspondence. In a personal computer, a GPU can be commenced on a video card or embedded on the motherboard. GPUs were typically designed to stimulate the rendering of 3D graphics. Over time, they became more flexible and programmable, enhancing their abilities. This allowed graphics programmers to produce more interesting visual effects and realistic scenes with excellent lighting and shadowing techniques.

The global graphics processing unit market is principally driven by the growing need for specialized processors that can manage complex mathematical calculations related to 2D and 3D graphics. The augmenting usage of processors to support graphics applications and 3D content in several industry verticals, including automotive, manufacturing, real estate, and healthcare is also boosting the market growth. Besides, the growing adoption of portable computing devices such as laptops is also promoting the growth of the GPU market across the world. Moreover, the mounting number of complex graphic games is the major factor driving the growth of the market. These heavy application games need high-memory graphic cards, hence driving the growth of the market.

On the other hand, the growth of mobile-based gaming and the declining demand for desktops is expected to limit the growth of the GPU market across the globe. Moreover, the inadequacy of integrated GPU to enable intensive graphic designing software may hinder market growth.

The global graphic processing unit market has witnessed significant growth in the past few years; however, due to the outbreak of the COVID-19 pandemic, the market is projected to witness a sudden downfall in 2020. The outbreak of COVID-19 has constrained different governments to force lockdowns which has stopped the tasks as well as production facilities of a number of organizations which is influencing the worldwide economy. Furthermore, various ventures across the globe are seeing a shortage of work along with the shortage of hardware components from the supplier side deficient which is expected to bring an adjustment in the growth of the GPU market in the forthcoming years.

Graphics Processing Unit (GPU) Market Competitive Landscape

• IBM Corporation
• Intel Corporation
• NVIDIA Corporation
• Samsung Electronics Co., Ltd.
• Qualcomm Incorporated
• Advanced Micro Devices, Inc.
• Dassault Systems, Inc.
• Google, Inc
• Siemens AG
• Sony Corporation

In July 2021, AMD launched a new graphics card called RX 6600XT, which comes as a successor to RX 5600XT. The new model will deliver better performance owing to 9.6 teraflops of RDNA 2 technology and 8GB of GDDR6 RAM. The entry-level GPU will be priced at $379 and will deliver flagship-level 1080p gaming.

In January 2021, Qualcomm Incorporated announced that its subsidiary, Qualcomm Technologies, Inc., has entered into a definitive agreement to acquire NUVIA for approximately $1.4 billion before working capital and other adjustments. The transaction is subject to customary closing conditions.

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Graphics Processing Unit (GPU) Market Key Findings

• The type segment is further fragmented into dedicated, integrated, and hybrid. The integrated segment dominated the global graphic processing unit market in the year 2022 in terms of revenue, as integrated GPUs find wide usage in portable electronic devices such as smartphones, tablets, wearables, laptops, and many more. However, the hybrid segment is expected to witness the highest CAGR during the forecast period, as hybrid processors have capacities of both integrated and dedicated GPU, which make them a favored choice among software developers to intensify the potency of graphics-intensive applications.
• Based on Devices, the market is bifurcated into computers, tablets, Smartphones, Gaming Console, Televisions, and Others. The smartphone segment dominated the global GPU market share in 2022 in terms of revenue and is expected to continue this trend over the forecast period. The growth of this segment is attributed to the augmented demand for strong and less power-consuming graphic processing units for smartphones.
• The industry segment is further segmented into Electronics, IT & Telecommunication, Défense & Intelligence, Media & Entertainment, Automotive and Others. The automotive application segment in the market is expected to grow at the highest CAGR during the forecast period due to the extensive usage of graphics processors for design & engineering applications. The automotive design departments are facing increasing pressure to immediately deliver new vehicle innovations, the answer to the market’s shifting demands, and maintain an ever-growing product range.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia-Pacific dominated the global graphics processing unit market in 2022 and is predicted to remain dominant throughout the forecast period. The growth of the region is attributed to huge investment from the government sector in creating high graphic computing systems for the defense & intelligence sector along with the increasing business of IoT systems, which require efficient graphic computing systems.

Delvens Industry Expert's Standpoint

The market for graphics processing units (GPUs) is expanding quickly, driven by the rising need for high-performance computing across a range of industries, including gaming, artificial intelligence, and data analytics. Based on the kind of GPU, application, and geography, the market may be divided. Several major companies, including NVIDIA Corporation, AMD Inc., and Intel Corporation, dominate the industry and are making significant investments in R&D to create cutting-edge GPUs with improved performance and reduced power consumption. In the upcoming years, it is anticipated that the market will continue to expand quickly because to the rising need for high-performance computing across a variety of applications. However, issues like the high price of GPUs and the availability of substitutes like integrated GPUs might impede market expansion. Overall, the GPU industry offers huge potential for businesses that can create scalable, affordable, high-quality manufacturing processes to address the increasing demand for high-performance computing in a variety of applications.

Regional Analysis

• Asia-Pacific dominated the global graphics processing unit market in 2021 and is predicted to remain dominant throughout the forecast period. The growth of the region is attributed to huge investment from the government sector in creating high graphic computing systems for the defense & intelligence sector along with the increasing business of IoT systems, which require efficient graphic computing systems.
• Whereas, LAMEA is anticipated to witness a high growth rate during the forecast period owing to various factors such as an increase in disposable income, increasing spending capabilities of customers, and a rise in demand for smart TV and smartwatches.

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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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