Home > Electronics & Media > Graphics Processing Unit (GPU) Market
Graphics Processing Unit (GPU) Market Size By Component (Software, Hardware, Service), By Deployment Model (On-premise, Cloud), By Application (Gaming, Design & Manufacturing, Automotive, Real Estate, Healthcare) & Global Forecast, 2023-2032
- Report ID: GMI3088
- Published Date: Feb 2023
- Report Format: PDF
Industry Statistics
GPU Market size was worth more than USD 40 billion in 2022 and is anticipated to exhibit over 25% CAGR from 2023-2032. Rapid penetration of big data technology is expected to complement the industry expansion.
To get more details on this report: Request Free Sample PDF
The advent of 2D and 3D graphics is expected to propel the demand for suitable specialized processors capable of addressing sophisticated mathematical calculations, positively influencing the GPU industry outlook. The increasing influx of 3D content has proliferated innovative processor technologies across advanced graphic applications in healthcare, manufacturing, real estate, and automotive sectors. For instance, AI-powered solutions and GPU computing are molding the future of automobiles and playing a key role in advanced driver assistance systems (ADAS), driving the demand for mainstream automotive technologies.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 40 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 25 % |
| 2032 Value Projection: | USD 400 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 279 |
| Segments covered: | Component, Deployment Mode, Application |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
To get more details on this report: Request Free Sample PDF
Moreover, the rapid penetration of big data technology to derive actionable business intelligence is anticipated to foster the demand for GPUs. With changing business models and increasing volumes of data, several enterprises and industries are using big data analytics and decision intelligence for opinion mining, performing text analysis, and retrieving data. The growing emphasis on technology intervention for effective business management and decision-making will also propel the adoption of GPUs and facilitate decision-making for business and management.
Declining sales of desktop computers may impede demand for GPUs
The steady drop in the demand for desktop computers could restrain the graphics processing unit (GPU) market growth. Following the pandemic-driven preference for desktops and PCs, computer makers worldwide are experiencing a notable drop in PC shipments. For instance, well-known consumer electronics giant, Lenovo’s Q4 2022 revenue reached USD 15.3 billion, showcasing a 24% decline as a result of the plunging PC shipments. Additionally, GPUs are incompatible with sophisticated visual design tools, further hampering their demand.
Increasing adoption of GPU hardware in AI-powered data centers to foster industry development
-market-revenue-share-by-component-2023-2032.png "Graphics Processing Unit (GPU) Market Revenue Share, By Component, 2022 (%)")
To get more details on this report: Request Free Sample PDF
Based on component, hardware held more than 60% of the GPU market share in 2022 and is projected to retain positive growth over the forthcoming period owing to the increasing integration of machine learning and artificial intelligence (AI) technology. GPU hardware is increasingly used across visual graphics applications and gaming. In May 2020, Microsoft Corporation added a new GPU hardware scheduling feature to Windows 10 update to enable the management of multiple processes. The hardware-accelerated GPU scheduling systems off-load high-priority tasks from the CPU to reduce the input lag. Moreover, the surging number of data centers is encouraging industry players to design several innovative product portfolios.
Rising popularity of cloud-based gaming to promote the adoption of GPUs
GPU market valuation from gaming applications is poised to surpass USD 145 billion by 2032 due to the rising popularity of mobile and cloud gaming. The advent of online gaming has accelerated the need for high-performance graphics processors to offer exceptional compatibility with multiple devices and operating devices, facilitating cross-platform gaming. In recent years, e-gaming has gained substantial momentum on account of numerous benefits, such as location independence and low-cost high-quality experience along with the pandemic-driven user inclination toward online entertainment. Furthermore, cloud gaming eliminates the need for massive storage spaces, and specialized hardware while minimizing piracy issues.
Surging on-premises GPU installation for deep learning to foster GPU market development
Graphics processing unit market size from the on-premises deployment mode segment is expected to record over 25% CAGR between 2023-2032. The growing demand for on-premises installation of GPUs can be attributed to the surging hardware requirements across organizations for thorough control over data procurement and storage. On-premises GPUs are also more suitable across machine-learning applications that require access to high-performance next-generation technologies that are otherwise inaccessible in the public cloud. These servers are also considered to be more economical as they offer a broad spectrum of iteration capabilities along with longer testing time for developers.
New international collaborations to augment GPU industry expansion in APAC
-market-revenue-by-region-2023-2032.png "Global Graphics Processing Unit (GPU) Market Revenue, By Region, 2018 – 2022 (USD Million)")
To get more details on this report: Request Free Sample PDF
Asia Pacific GPU market size is estimated to reach more than USD 180 billion by the end of 2032 driven by hefty government investments for the development of novel graphic computing systems. Several economies in APAC are emphasising international collaborations to promote cutting-edge technologies, including AI and IoT across defense and intelligence applications.
New product launches to drive GPU industry competitive landscape
Some of the leading companies in the global GPU market include Advanced Micro Devices, Inc., Intel Corporation, Nvidia Corporation, ASUS, Apple, Qualcomm Technologies, Inc., and Microsoft Corporation. These firms are launching novel products to consolidate competitive leads for improved revenue sales. For instance, in March 2022, Intel unveiled the Arc GPU series suitable for desktop PCs and laptops to cater to the surging demand across high-performance gaming applications.
Impact of the COVID-19 pandemic on the GPU market trends
The COVID-19 pandemic had a positive impact on the graphics processing unit (GPU) market driven by the dramatic rise in the online gaming worldwide. The fast-paced transmission of the virus compelled several governments to implement strict lockdown restrictions forcing people to stay at home. As a result, the pandemic fostered new trends such as work-from-home (WFH) and online learning/entertainment. In the wake of the pandemic, the demand for PCs and personal devices skyrocketed dynamically, thus accelerating the need for computing technologies.
The Graphic Processing Unit (GPU) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and units in Shipments from 2018 to 2032 for the following segments:
Click here to Buy Section of this Report
By Component
- Hardware
- GPU type
- Integrated
- Dedicated
- Hybrid
- Device type
- Computer
- Tablet
- Gaming Console
- Television
- GPU type
- Software
- CAD/CAM
- Simulation
- Imaging
- Digital Video
- Modeling and Animation
- Others
- Service
- Training & consulting
- Integration & maintenance
- Managed services
By Deployment model
- On-premises
- Cloud
By Application
- Gaming
- Design and manufacturing
- Automotive
- Real estate
- Healthcare
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Mexico
- Brazil
- Middle East & Africa
- GCC
- South Africa
Frequently Asked Questions (FAQ) :
