What is the global market size of Graphic Processing Unit Market?

Global Graphic Processing Unit Market size was valued at USD 601.24 Million in 2022 and is poised to grow from USD 625.29 Million in 2023 to USD 855.76 Million by 2031, at a CAGR of 4% during the forecast period (2024-2031).

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.

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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. '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', 'Intel Corporation', 'Advanced Micro Devices, Inc.', 'Nvidia Corporation', 'Imagination Technologies Limited', 'Alphabet Inc.', 'ASUSTeK Computer Inc.'

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.

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.

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.

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Graphic Processing Unit Market Insights

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