Graphic Processing Unit (GPU) Market Size to Attain USD 1,414.39 Bn by 2034
Graphic Processing Unit (GPU) Market
The global graphic processing unit (GPU) market size was calculated at USD 75.77 billion in 2024 and is predicted to attain around USD 1,414.39 billion by 2034 with a CAGR of 13.8%.
Key Points
- Asia Pacific led the market with a dominant 32% share in 2024.
- The smartphone segment emerged as the top-performing device category in 2024.
- Hybrid GPUs are expected to witness the most rapid expansion throughout the projected period.
- The integrated GPUs segment was the largest market contributor in 2024.
Market Dynamics
Drivers
The increasing demand for high-performance computing across various industries is a major driver of the GPU market. The rapid growth of gaming, artificial intelligence (AI), machine learning, and deep learning applications has significantly fueled the adoption of GPUs.
Additionally, the rise of cloud gaming and virtual reality (VR) technologies has further contributed to market expansion. The automotive sector is also increasingly integrating GPUs for autonomous driving and advanced driver-assistance systems (ADAS), boosting demand.
Opportunities
The growing use of GPUs in data centers and cloud computing presents significant opportunities for market growth. With the expansion of AI-driven workloads, enterprises are investing heavily in GPU-accelerated computing solutions.
The increasing adoption of cryptocurrency mining also contributes to GPU sales. Furthermore, the development of power-efficient and compact GPUs for mobile devices and edge computing offers a promising avenue for future growth.
Challenges
Despite strong demand, the GPU market faces challenges such as high production costs and supply chain disruptions. The semiconductor shortage has impacted GPU availability, leading to increased prices and limited supply.
Additionally, high energy consumption associated with GPUs remains a concern, particularly in data centers. Competitive pricing and the dominance of a few key market players create barriers for new entrants, limiting market diversity.
Regional Insights
Asia Pacific dominates the GPU market, driven by the presence of major semiconductor manufacturers, growing gaming industries, and rapid adoption of AI technologies. North America follows closely, with significant investments in AI, cloud computing, and autonomous vehicles.
Europe is experiencing steady growth, supported by advancements in high-performance computing and industrial automation. Meanwhile, regions like Latin America and the Middle East are gradually expanding their market presence, driven by increasing digitalization and gaming trends.
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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