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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

 GPU Market Size

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.

GPU Market

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.

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.

GPU Market Analysis

Graphics Processing Unit (GPU) Market Revenue Share, By Component

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.


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Graphics processing unit market size was worth more than USD 40 billion in 2022 and is projected to exhibit over 25% CAGR from 2023-2032.

GPU market valuation from gaming applications is expected to exceed USD 145 billion by 2032 as it reduces piracy issues and requires less storage space and specialized hardware.

Asia Pacific GPU market size is estimated to reach over USD 180 billion by 2032 driven by the increasing number of AI-powered data centers.

Advanced Micro Devices, Inc., Intel Corporation, Nvidia Corporation, ASUS, Apple, Qualcomm Technologies, Inc., and Microsoft Corporation are some of the key manufacturers of GPUs.

Graphics Processing Unit (GPU) Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 279
  • Countries covered: 16
  • Pages: 230
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