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The graphics processing unit market is projected to reach a value of USD 388.3 billion, at a CAGR of 50.22% between 2023 and 2028. The market's expansion hinges on various factors such as heightened demand for immersive gaming and virtual reality (VR) experiences, amplified interest in visual effects (VFX) within the media and entertainment sector, and a surge in the adoption of these technologies across automotive applications. These trends underscore a broader shift towards more interactive and engaging experiences across multiple industries. As consumers seek enhanced entertainment and realistic simulations, the demand for cutting-edge technologies like advanced gaming systems, VR headsets, and VFX tools continues to grow. Additionally, the integration of these technologies into automotive settings reflects a broader trend toward digitization and innovation in various sectors beyond entertainment. GPUs are essential components in computers and other devices for handling complex graphics and calculations. The demand for GPUs has been increasing due to the rise in gaming, artificial intelligence, and cryptocurrency mining. Pricing and availability of GPUs can fluctuate based on supply and demand dynamics in the market. NVIDIA holds the largest desktop GPU market share. AMD's Radeon GPUs are used by gamers worldwide.
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The market is at the forefront of technological advancement, offering solutions like GPUaaS (GPU as a Service) and HPC (High-Performing Computing). These electronic processors play a pivotal role in rendering 2D and 3D visual graphics, handling mathematical calculations, and processing big data. They are integral to the gaming platform, creating immersive experiences in the digital world. As the demand for specialized processors for tasks such as 3D content creation and real estate data visualization grows, the market witnesses industry expansion. Innovative frame buffer and processor technologies further enhance the capabilities of GPUs, making them indispensable in various sectors. This segmentation reflects the diverse applications and functionalities of Graphics Processing Units in today's technology-driven landscape.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market share growth by the integrated GPUs segment will be significant during the forecast period. The GPU market continues to evolve, with each new generation of processors and graphics cards offering enhanced features and performance. Some of the most notable additions to the market include the latest series of GPUs from leading manufacturers. These new GPUs have a significant impact on the value of the GPU market, particularly for gamers and those who rely on high-performance graphics for tasks such as artificial intelligence and machine learning.
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The integrated GPUs segment was the largest and was valued at USD 12.70 billion in 2018. Generally, the GPU market is a dynamic and ever-changing landscape, with constant news and updates on pricing, benchmarks, and features. Key players in the market include Nvidia and AMD, whose graphics cards are favored by PC enthusiasts and professionals alike. The addition of cloud-based GPUs and government investment in AI research is also driving growth in the market. For those looking to stay informed about the latest developments in the GPU market, there are numerous sites and resources available. Therefore, these factors are anticipated to boost the demand for integrated GPUs segment, which will drive the growth of the market focus during the forecast period.
It's an important part of some computers and are responsible for rendering images, videos, and graphics. The GPU market is currently experiencing a trend towards advanced graphics capabilities, driven by the release of new parts from leading manufacturers. Images rendered with these new GPUs offer enhanced detail and testing speeds, making them a must-have for researchers and gamers alike. Machine learning applications also benefit from the increased speed and variety of GPUs, providing a superior experience. The latest offerings from key partners include the RTX 4090 and RTX 4070 graphics cards. Therefore, such aspects are anticipated to boost the demand in the computer segment, which will drive the market's growth during the forecast period.
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APAC is estimated to contribute 45% of the global market growth and forecasting during the forecast period. The US and France are the top two countries contributing to the market growth. On 22-Mar, the GPU market size is projected to present significant opportunities for organizations, enterprises, governments, and developers due to the increasing requirement for advanced computing systems. Revenues from GPU sales are expected to surge, driven by the need for superior graphics performance in game development, data centers, and 3D graphics workloads. Moreover, Microsoft and other tech giants are investing heavily in GPU technology for enhanced user experience. France, among other countries, is showing strong potential in GPU adoption for various applications. However, challenges such as heat dissipation and power consumption remain. Control over GPU market trends is crucial for businesses seeking to stay competitive. Such factors attract manufacturers to establish their production facilities in APAC, further bolstering the market dominance of the region.
The market is driven by a surge in demand for innovative processor technologies like RTX gaming servers, GPUaaS (GPU as a Service), and HPC (High-Performing Computing). Trends include advancements in 2D and 3D graphics, specialized processors for various sectors like healthcare and manufacturing, and enhanced capabilities in video rendering and digital worlds. Challenges lie in meeting escalating demands for mathematical calculations and 3D content creation while navigating the complexities of integrating GPUs into diverse industries like real estate and creative technologies. In the dynamic realm of the GPU market, the demand for high-end, mid-range, and budget graphics cards is driven by enthusiasts, gamers, and the needs of the artificial intelligence and cloud computing sectors. These factors play a crucial role in influencing the development and innovation of the next generation of GPUs. Market research showcases the value and performance of these cards are essential for both individuals and government entities seeking the latest advancements. The gaming GPU market augments and thrives on the continuous development of the market for gamers, enthusiasts and industries embracing AI.
An increase in demand for visual effects (VFX) in the media and entertainment industry is notably driving market growth and trends. The GPU market is experiencing a notable upsurge due to the escalating interest in advanced gaming and Virtual Reality (VR) experiences among some people. This trend is driven by the continuous advancements in gaming technology, which have led to an increased demand for high-performance graphics cards. Gamers and news outlets are abuzz with the latest developments in this field, as the industry pushes the boundaries of realism and immersiveness.
Moreover, the most recent GPU series, such as the RTX 4090, are in high demand due to their superior benchmarks and features. Pricing remains a significant factor, with cost-conscious consumers considering a variety of options in the GPU market's range. Researchers in cloud computing, government agencies, artificial intelligence, and machine learning are also dealing with the need for powerful GPUs for their specific applications. As the GPU market continues to evolve, testing and comparing different boards becomes essential for those seeking the best deal. Keep in mind that the features and capabilities of each graphics card can significantly impact your gaming or computing experience. This has led to an increasing reliance on technology to generate realistic digital sets, backgrounds, and characters. Therefore, such factors are anticipated to expand the demand, which will drive the growth of the market focus during the forecast period.
The growing adoption of AI and ML is an emerging trend shaping the market growth. The GPU market is witnessing a surge in automotive applications, with some generations of graphics cards finding new life beyond gaming and high-performance computing. This trend is driven by the increasing adoption of autonomous driving technology. Graphics processing units (GPUs) are essential for processing and analyzing large data sets in real time, enabling self-driving vehicles to make intelligent decisions and navigate safely. The news of GPUs' role in autonomous driving has captured the attention of people in various industries, including cloud computing, government, and artificial intelligence.
Moreover, the most advanced GPUs, such as the RTX 4090 series, offer superior benchmarks and pricing, making them a deal for researchers and testers in this field. The GPU market offers a variety of boards with a range of features, catering to the diverse needs of different applications. Cost and machine learning capabilities are key considerations for those in this field, and GPUs continue to be a crucial component in the development and deployment of autonomous driving technology. Therefore, these factors are anticipated to increase the demand, which will show positive results in the market during the forecast period.
The challenge of upgrading the notebooks significantly hampers market growth, impacting both manufacturers and consumers. The GPU market is witnessing significant growth due to the increasing demand for visual effects (VFX) in media and entertainment. This trend is driven by the need for more realistic and visually stunning content in movies, TV shows, video games, and other forms of media. The latest graphics cards, such as those in the RTX 4000 series, offer unprecedented power and capabilities, enabling creators to bring their visions to life with greater precision and realism. Gamers and professionals alike are eagerly awaiting news of the latest GPU releases, with much anticipation surrounding the RTX 4090.
Moreover, the cost of these high-end GPUs can be a barrier for some, but the features they offer, including improved benchmarks and machine learning capabilities, make them worth the investment for many. Researchers and others in the field are continually testing and studying the latest GPUs to unlock their full potential, with applications ranging from cloud computing and government projects to artificial intelligence and machine learning. The variety and range of GPUs available cater to different needs and budgets, making them an essential component in today's technology landscape. The rise of data center demand adds complexity, with Jon Peddie Research (JPR) monitoring trends and shifts, highlighting the evolving landscape in desktop and data center.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Various companies compete in the market, offering a diverse range of graphics cards to meet the demands of the evolving marketplace. These video card providers play a crucial role in shaping the dynamics of the graphics card market, contributing to the continuous growth and innovation within the market. The market is highly competitive, with major companies like NVIDIA and AMD dominating the industry.
Advanced Micro Devices Inc - The company offers GPUs such as Radeon PRO for workstation servers, AMD Advantage and Radeon RX for desktops, and Radeon Mobile Graphics for laptops.
Arm Ltd. - The company offers GPU units such as Immortalis G720 with capabilities of Deferred vertex shading, 64x64 larger tile support, and increased texture mapper throughput for 64bpp content.
Apple Inc. - The company offers GPUs such as Apple M2 8-core with 4 performance cores and 4 efficiency cores, 16-core Neural Engine, and 100GB per second memory bandwidth.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market partners, including:
Qualitative and quantitative analysis of companies and Market forecasting has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is a significant segment in the technology industry, driven by advancements in gaming, virtual reality (VR), artificial intelligence (AI), and machine learning applications. GPUs enable faster processing of complex visual data, making them essential for rendering high-definition graphics and animations. The market growth can be attributed to the increasing demand for real-time 3D rendering, augmented reality (AR), and VR technologies. Furthermore, the proliferation of AI and machine learning applications in various industries, such as healthcare, finance, and education, is fueling the need for powerful GPUs. Moreover, the ongoing miniaturization of electronic devices and the integration of GPUs into system-on-chips (SoCs) are expected to expand the market reach. The GPU market is also witnessing intense competition, with key players focusing on product innovation and strategic collaborations to gain a competitive edge.
In addition, the future holds immense potential for this market, with the ongoing development of new technologies and applications. The market is driven by emerging technologies and a surge in demand for immersive visuals and fluid gameplay in the gaming industry. With advancements in DirectX 12 GPU and AMD Radeon RX 7900M, graphic processing unit technology enhances 3D designs and visual graphics applications. Gaming platforms and cloud-based analytics applications are benefiting from high-memory GPUs and AI-powered solutions. The e-commerce sector sees growing global spending on portable electronic devices and PC games. AI researchers and data scientists focus on optimization and computational power for machine learning experts and wearable technologies. Ethical concerns around biased algorithms and sensitive data are addressed with regulatory scrutiny.
Market Scope |
|
Report Coverage |
Details |
Page number |
188 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 50.22% |
Market Growth 2024-2028 |
USD 388.3 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
36.13 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 45% |
Key countries |
US, China, South Korea, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Micro Devices Inc., Alphabet Inc., Apple Inc., Arm Ltd., ASUSTeK Computer Inc., Broadcom Inc., Fujitsu Ltd., Galaxy Microsystems Ltd., Gigabyte Technology Co. Ltd., Imagination Technologies Ltd., Intel Corp., International Business Machines Corp., NVIDIA Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., SAPPHIRE Technology Ltd., Sony Group Corp., Taiwan Semiconductor Manufacturing Co. Ltd., Zebra Technologies Corp., and Zotac Technology Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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