The Graphics Processing Unit (GPU) Market is being driven by Increase in demand for advanced gaming and VR experiences
The Graphics Processing Unit (GPU) Market is expected to grow at a CAGR of 59.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 738 billion. The global Graphics Processing Unit (GPU) market is experiencing a notable surge in demand for High Performance Computing (HPC) applications. This upward trend can be attributed to various factors, including the increasing requirement for sophisticated graphics capabilities in sectors such as gaming, Virtual Reality (VR), and animation. The escalating complexity of video games and the burgeoning popularity of immersive VR experiences are driving the need for GPUs that can deliver high-resolution graphics and seamless performance. Consequently, there is a growing demand for powerful GPUs engineered for HPC, empowering game developers and content creators to elevate visual quality and realism to unprecedented levels.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
236 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 59.4% |
Market growth 2025-2029 |
USD 738 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
41.3 |
Key countries |
US, Canada, Japan, India, China, South Korea, UK, Germany, France, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The GPU market encompasses technologies such as Compute Capability, Streaming Processors, Memory Clock Speed, Texture Fill Rate, and Pixel Fill Rate, focusing on Compute Performance and Graphics Performance. Power Efficiency, Software Ecosystem, Driver Updates, Developer Tools, API Support, and Real-Time Rendering are essential factors. Deferred, Forward, and Voxel Rendering, GPU Acceleration, Hardware Acceleration, and Low-Latency Rendering are key rendering techniques. High-Resolution Rendering, Adaptive Resolution, Dynamic Resolution Scaling, Upscaling Techniques, Image Sharpening, Noise Reduction, Anisotropic Filtering, Depth of Field, Motion Blur, Ambient Occlusion, and Post-Processing Effects enhance visual quality. GPU Virtualization, Passthrough, Remote Desktop, Remote Rendering, Cloud Gaming, Streaming Services, GPU Compute, GPU Cluster, and High-Performance Graphics are additional applications. Interactive Visualization is another area where GPUs excel.
The GPU market, a segment of the larger semiconductor industry, is characterized by advanced GPU architecture, graphics processing, parallel processing, texture mapping, and high frame rates. According to market research firm Technavio, the global semiconductor market, which encompasses companies producing integrated circuits (ICs) such as memory, logic, and micro components, is projected to grow due to significant investments in constructing new and expanding existing fabrication plants (fabs). This expansion will increase the production capacity for GPU ICs, enabling original equipment manufacturers (OEMs) and original design manufacturers (ODMs) to meet the rising demand for high-performance graphics solutions from various industries, including gaming, automotive, healthcare, and education. Additionally, the increasing emphasis on memory bandwidth and frame rate optimization in GPU architecture will further fuel market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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