The global graphic processing unit (GPU) market size was valued at USD 75.77 billion in 2024 and is expected to cross around USD 1,414.39 billion by 2034 with a CAGR of 13.8%.

Key Points

• In 2024, Asia Pacific emerged as the leading region, capturing a 32% market share.
• Among devices, the smartphone segment held the largest share of the market.
• The hybrid GPUs category is anticipated to experience the highest growth rate during the forecast period.
• The integrated GPUs segment led the market in 2024, securing the highest revenue share.

Market Dynamics

Drivers

The growing demand for real-time rendering in gaming, entertainment, and professional visualization is propelling the GPU market. AI-powered applications in industries such as healthcare, finance, and cybersecurity are further driving GPU adoption.

The increasing use of GPUs in scientific research, weather modeling, and simulations has also contributed to market growth. Moreover, advancements in GPU architectures are enhancing performance and efficiency, making them more suitable for high-computing workloads.

Opportunities

The rise of metaverse applications and augmented reality (AR) is creating lucrative opportunities for the GPU market. As enterprises invest in immersive experiences and digital transformation, the need for powerful graphics processing continues to rise.

The growing demand for AI-based analytics in sectors such as healthcare and retail is another potential growth area. Additionally, the push toward energy-efficient GPUs and advancements in chip manufacturing techniques present new opportunities for innovation.

Challenges

The high cost of GPUs, particularly high-end models, poses a challenge for widespread adoption. Limited access to raw materials and supply chain constraints have further contributed to price surges and availability issues.

Additionally, concerns related to GPU overheating and excessive power consumption present challenges for developers and manufacturers. The market also faces competition from alternative computing technologies such as field-programmable gate arrays (FPGAs) and application-specific integrated circuits (ASICs).

Regional Insights

Asia Pacific remains the dominant region in the GPU market, benefiting from a strong manufacturing ecosystem and high gaming penetration. North America continues to witness significant demand due to its robust AI and cloud infrastructure.

Europe is emerging as a key player in GPU-based research and industrial applications. Meanwhile, Latin America and Africa are slowly expanding their market presence as digitalization and gaming adoption increase in these regions.

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

Ready for more? Dive into the full experience on our website@ https://www/.precedenceresearch.com