Graphics Processing Unit (GPU) Market Size to grow by USD 141.37 billion between 2023-2027
According to a research report “ Graphics Processing Unit (GPU) Market” by Type (Integrated GPUs, Discrete GPUs) Application (Computers, Tablets and smartphones, Television, Gaming consoles) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 141.37 billion, at a CAGR of 33.15% during the forecast period. The global graphics processing unit (GPU) market is experiencing robust growth due to the escalating demand for advanced gaming and virtual reality (VR) experiences. The surge in consumer interest for immersive gaming and VR applications is driving the need for high-performance GPUs. The gaming industry's continuous evolution, characterized by developers pushing technological boundaries to deliver increasingly realistic and engaging experiences, is a primary catalyst fueling the demand for superior GPUs. Consequently, the market for graphics processing units is poised for significant expansion, as the industry adapts to meet the growing computational requirements of modern gaming and VR applications..
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By Type, the Integrated GPUs segment is projected to dominate the market size in 2024
In the realm of technology, Graphics Processing Units (GPUs) come in two forms: discrete and integrated. Integrated GPUs are an essential component of the processor, with the graphics processing logic integrated onto the same chip as the Central Processing Unit (CPU). Unlike discrete GPUs, which utilize a dedicated memory bank for graphics, integrated GPUs rely on the system memory shared with the CPU. This integration results in reduced power consumption and less heat generation, contributing to extended battery life in portable devices such as laptops and Intel Next Unit of Computing (NUC) systems. Integrated GPUs cater to basic usage requirements, including web browsing, social media, and resource-light applications such as spreadsheets, document editing, and project management software.
By Application, Computers segment is expected to hold the largest market size for the year 2024
In the dynamic technology landscape, Graphics Processing Units (GPUs) represent a pivotal component in modern computing systems. These specialized processors are instrumental in generating high-quality visuals, including images, videos, and graphics, by accelerating intricate calculations. The burgeoning gaming industry is a primary growth driver in the global GPU market. Gamers' insatiable appetite for enhanced gaming experiences, characterized by higher frame rates, lifelike graphics, and seamless gameplay, fuels the demand for increasingly powerful GPUs. Advanced GPU technologies, such as real-time ray tracing and Deep Learning Super Sampling (DLSS), are highly sought after by the gaming community, further bolstering market expansion.
APAC is forecasted to hold the largest market size by region in 2024
The Asia Pacific (APAC) region occupies a pivotal role in the global Graphics Processing Unit (GPU) market. Factors contributing to this prominence include the region's relentless technological advancements, burgeoning demand for gaming and virtual reality (VR) applications, and the presence of major market players. APAC's commitment to Research and Development (R&D) is a significant driver, with countries such as China, Japan, and South Korea leading the charge. Their investments have resulted in the creation of advanced GPUs, catering to diverse applications, including gaming, entertainment, Artificial Intelligence (AI), and data analytics, thereby bolstering the GPU market in APAC.
The Graphics Processing Unit (GPU) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Graphics Processing Unit (GPU) market is experiencing significant growth due to the increasing demand for advanced graphics and computing capabilities in various industries. DirectX 12 GPUs are at the forefront of this trend, offering superior performance for video games, virtual reality (VR), and creative technologies. Beyond gaming, GPUs are being adopted in data centers for AI-powered solutions, big data analytics, and cloud-based analytics applications. Industries such as real estate, manufacturing, and healthcare are leveraging GPU technology for optimization and mathematical calculations. Specialized processors are also gaining popularity in high-performance computing (HPC) environments, powering machine learning and artificial intelligence (AI) workloads. In the realm of design, GPUs are essential for 3D content creation and rendering. Virtual reality (VR) and RTX gaming servers are driving the demand for GPUs in the entertainment industry. GPU as a Service (GPUaaS) is also gaining traction, allowing businesses to access GPU power on-demand. The future of GPU technology lies in its ability to revolutionize industries and enable new applications, from scientific research to immersive experiences.
Market Research Overview
The Graphics Processing Unit (GPU) market is experiencing significant growth due to the increasing demand for personal devices, particularly in the areas of online learning and entertainment. With the pandemic-driven preference for remote work and study, the need for high-performance GPUs in PCs has surged. Machine-learning applications, data procurement, and storage are also driving the demand for GPUs in organizations, particularly in on-premises deployment mode. The market is not limited to personal devices, as GPUs are essential for data centers powering online gaming, visual graphics applications, and AI-powered solutions in various industries. The gaming industry, including e-gaming, cross-platform gaming, and online gaming, is a major contributor to the market's expansion. Moreover, the emergence of emerging technologies such as machine learning, cryptocurrency, and blockchain network has led to increased adoption of GPUs for computational power and crypto currency mining. The market is also witnessing the integration of GPUs in portable electronic devices, automobiles, and real estate industries for 3D content, mathematical calculations, and specialized processors. The GPU market is a rapidly evolving technology, with companies like AMD, SenseTime, Fenghua GPU, and NVIDIA leading the way in innovation. The market is expected to continue growing, with global spending on video games reaching USD159.3 billion in 2020, according to a PwC report. However, the market faces challenges such as regulatory scrutiny, ethical concerns, and the need for optimization and development to ensure compatibility, realism, and fluid gameplay in various applications and devices. Skilled engineers and developers are in high demand to meet the growing needs of the market. In conclusion, the GPU market is a complex and rapidly evolving technology that is essential for various industries, from personal devices and gaming to healthcare and automotive sectors. The market is expected to continue expanding, driven by the increasing volumes of data, business models, and emerging technologies.
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