USD 601.24 Million
Graphic Processing Unit Market Size, Share, Growth Analysis, By Type(Dedicated, Integrated, Hybrid), By Device(Computer, Tablet, Smartphone, Gaming Console), By Industry Vertical(Electronics, IT & Telecommunication, Defense & Intelligence, Media & Entertainment), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25E2081 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
95
|Figures:
72
Graphic Processing Unit Market Insights
Global Graphic Processing Unit Market size was valued at USD 28.18 Billion in 2022 and is poised to grow from USD 43.76 Billion in 2023 to USD 500.21 Billion by 2031, at a CAGR of 35.6% during the forecast period (2024-2031).
The emergence of 2D and 3D graphics technology is anticipated to drive the demand for specialized processors designed to handle complex mathematical computations, thereby significantly boosting the outlook for the GPU industry. The growing influx of 3D content has spurred the development of cutting-edge processor technologies for advanced graphics applications in various sectors, including healthcare, manufacturing, real estate, and automotive. This trend is paving the way for enhanced visual experiences and innovative solutions in these industries, underlining the importance of specialized processors in powering the future of graphics and visualization.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Computer
Fastest Growth
Smartphone
Growth Rate
4% CAGR
Global Graphic Processing Unit Market Market ($ Bn)
Country Share for North America Region (%)
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Graphic Processing Unit Market Segmental Analysis
Global Graphic Processing Unit Market is segmented by Component, Deployment Model, Application, End User, and region. Based on Component, the market can be segmented into Hardware (Integrated, Dedicated, Hybrid), Software (CAD/CAM, Simulation, Imaging, Digital Video, Modeling & Animation, Others), and Services (Training & Consulting, Integration & Maintenance, Managed Services). Based on Deployment Model, the market is segmented into On-Premise and Cloud. Based on Application, the market can be segmented into Gaming Consoles, Data Centers, AI & ML, Cryptocurrency Mining, High-performance Computing (HPC), Rendering and Visualization, Autonomous System, Edge Computing and IoT, Healthcare and Medical Imaging and Others. Based on End User, the market is segmented into Gaming, Design and Manufacturing, Automotive, Real estate, Healthcare and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Analysis by Type
In 2022, the dedicated segment in the global graphics processing unit market refers to GPUs designed and used exclusively for specific tasks or applications, as opposed to integrated GPUs that are part of a CPU or SoC (System on a Chip). Dedicated GPUs are engineered for high-performance graphics and compute-intensive applications. They offer superior processing power and memory, making them ideal for tasks like gaming, professional graphics work, 3D modeling, and scientific simulations.
The integrated segment in the global graphics processing unit market refers to GPUs that are incorporated into a central processing unit (CPU) or System on a Chip (SoC) and share system memory with the CPU. Integrated GPUs are cost-effective, as they eliminate the need for a separate graphics card. This makes them an attractive choice for budget-conscious consumers and low-cost computing devices like laptops and entry-level desktops.
Analysis by Device
The computer segment in the global graphics processing unit market pertains to the use of GPUs in traditional desktop and laptop computers. The computer segment is at the heart of consumer computing. Desktops and laptops are the primary devices used by individuals and households for a wide range of activities, including web browsing, productivity tasks, gaming, multimedia consumption, and more.
The smartphone segment in the global graphics processing unit market is a crucial and rapidly growing component due to the widespread use of smartphones worldwide. Mobile gaming has become a massive industry, and GPUs are essential for delivering smooth and immersive gaming experiences on smartphones. High-performance GPUs can handle visually demanding games with complex graphics and physics.
Global Graphic Processing Unit Market By Device
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Graphic Processing Unit Market Regional Insights
In 2022, North America secured the dominant position in the global graphics processing unit market, and it is poised to maintain this lead throughout the forecasted period. The region's stronghold is attributed to the presence of renowned multinational corporations, including industry giants such as Intel, IBM, and Google, among others.
The Asia-Pacific region is expected to make a substantial contribution, accounting for approximately 42% of the global market's growth during the forecast period in 2022. Insights provided by analysts at Technavio have shed light on the regional dynamics and key drivers shaping the market's trajectory in the coming years. APAC occupies a prominent position, owing to a combination of factors within the global graphics processing unit market.
Global Graphic Processing Unit Market By Region
- Largest
- Fastest
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Graphic Processing Unit Market Dynamics
Drivers
Rising Demand for High-end Personal Computing Devices
- The demand for high-end personal computing devices and gaming consoles has experienced a significant upswing in recent years. Consequently, investing in a graphics add-in board has proven to be a strategic move for micro-processing companies. This is due to the graphics processing unit playing a pivotal role as a fundamental component in the assembly of the final product.
Restraints
Declining Sales of Desktop Computers
- The consistent decline in the demand for desktop computers presents a potential constraint on the growth of the global graphic processing unit market. In the wake of the pandemic, there was a surge in demand for desktops and PCs, but now computer manufacturers across the globe are grappling with a significant drop in PC shipments.
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Graphic Processing Unit Market Competitive Landscape
The competitive environment of the global graphic processing unit market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- IBM Corporation
- Samsung Electronics Co., Ltd.
- Advanced Micro Devices, Inc.
- Dassault Systems, Inc.,
- Google, Inc
- Siemens AG
- Sony Corporation
- Intel Corporation
- Advanced Micro Devices, Inc.
- Nvidia Corporation
- Imagination Technologies Limited
- Alphabet Inc.
- ASUSTeK Computer Inc.
Recent Developments
- In May 2023, MediaTek and NVIDIA forged a strategic partnership aimed at delivering a comprehensive range of in-vehicle AI cabin solutions tailored for the next generation of software-defined vehicles. This collaboration entails MediaTek's creation of automotive System-on-Chips (SoCs) that will incorporate a novel NVIDIA GPU chiplet, complemented by NVIDIA's AI and graphics intellectual property.
Graphic Processing Unit Key Market Trends
- The swift integration of big data technology to extract actionable business insights is poised to drive the demand for GPUs. As business models evolve and data volumes continue to soar, numerous enterprises and industries are leveraging big data analytics and decision intelligence to conduct opinion mining, textual analysis, and data retrieval. The increasing focus on technological solutions for more efficient business management and informed decision-making is set to accelerate the adoption of GPUs. This, in turn, will facilitate improved decision-making processes across various aspects of business and management, underscoring the crucial role of GPUs in the modern data-driven landscape.
Graphic Processing Unit Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global graphic processing unit market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The notable surge in the adoption of computing products, including personal computers (PCs) and laptops, on a global scale, coupled with substantial investments in the gaming industry, has played a pivotal role in driving the growth of the GPU market in recent years. This heightened demand is propelled by a growing need for high-quality graphics and advanced computing applications.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 28.18 Billion |
| Market size value in 2031 | USD 500.21 Billion |
| Growth Rate | 35.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Graphic Processing Unit Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Graphic Processing Unit Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Graphic Processing Unit Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Graphic Processing Unit Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Graphic Processing Unit Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Graphic Processing Unit Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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