by The global graphic processing unit (GPU) market size was estimated at USD 75.77 billion in 2024 and is projected to reach around USD 1,414.39 billion by 2034 with a CAGR of 13.8%.
Key Points
- Asia Pacific dominated the market with a 32% market share in 2024.
- The smartphone segment accounted for the largest market share by device in 2024.
- The hybrid GPUs segment is projected to grow at the fastest CAGR over the forecast period.
- The integrated GPUs segment held the largest market share by type in 2024.
Market Dynamics
Drivers
The rising popularity of eSports and AAA gaming titles is a significant driver of the GPU market. With gaming becoming more mainstream and competitive, there is a growing need for advanced graphics cards that offer seamless performance.
The increasing role of GPUs in AI, deep learning, and data analytics is further boosting demand. Additionally, industries such as architecture, engineering, and film production rely heavily on high-performance GPUs for rendering complex visual content.
Opportunities
The expansion of smart cities and IoT applications presents new opportunities for GPUs in real-time data processing and edge computing. The healthcare sector is also witnessing a growing reliance on GPUs for medical imaging and AI-driven diagnostics.
The automotive industry’s shift toward autonomous and semi-autonomous vehicles is another key area where GPU demand is expected to rise. Moreover, the increasing integration of GPUs in smartphones and tablets is driving the need for mobile-friendly graphics processors.
Challenges
One of the primary challenges in the GPU market is the fluctuating demand caused by cryptocurrency mining trends. The unpredictable nature of crypto-related GPU demand leads to supply chain instability.
Additionally, the environmental impact of power-hungry GPUs is an ongoing concern, prompting efforts to develop more sustainable solutions. Competition among GPU manufacturers is fierce, with rapid innovation cycles making it difficult for smaller players to compete with established brands.
Regional Insights
Asia Pacific leads the global GPU market due to strong technological advancements, high gaming adoption, and the presence of major semiconductor companies. North America remains a key region, with significant investments in AI, cloud computing, and gaming technologies.
Europe is focusing on high-performance computing and energy-efficient GPU solutions. Meanwhile, emerging markets in Latin America, the Middle East, and Africa are gradually increasing their adoption of GPUs, driven by improving digital infrastructure.
Graphic Processing Unit (GPU) Market Companies
- Intel Corporation
- IBM Corporation
- Samsung Electronics Co., Ltd.
- NVIDIA Corporation
- Siemens AG
- Advanced Micro Devices, Inc.
- Qualcomm Incorporated
- Google, Inc
- Dassault Systems, Inc.
- Sony Corporation
Recent Developments
- In March 2024, NVIDIA Healthcare launched their GPU enhanced microservices and NVIDIA NIM for biology, imaging, healthcare data and chemistry in all of the NVIDIA GDX cloud. This generative AI microservices will improve digital health, MedTech and drug discovery.
- In April 2024, AMD launched the Ryzen 8000G that is available with integrated graphics as well as Ryzen AI and added 5000 series processors.
Segments Covered in the Report
By Device
- Tablet
- Television
- Computer
- Gaming Console
- Smartphone
- Others
By Type
- Integrated
- Dedicated
- Hybrid
By Industry Vertical
- IT & Telecommunication
- Electronics
- Media & Entertainment
- Defense & Intelligence
- Others
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
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