What Has Been The Evolution of the Graphics Processing Unit Market in Recent Years?
The graphics processing unit market has seen considerable growth due to a variety of factors.
• In recent times, there has been an exponential growth in the size of the graphics processing unit market. It is set to increase from $54.57 billion in 2024 to $72.51 billion in 2025, at a compound annual growth rate (CAGR) of 32.9%.
The rapid growth during the historical period can be linked to factors such as the expansion of data centers, the emergence of cloud gaming services, the rise in autonomous vehicles and ADAS, the growth of edge computing and IoT, and the proliferation of blockchain and cryptocurrency.
What Is the Forecasted Market Size and Growth Rate for The Graphics Processing Unit Market Size In The Coming Years?
The graphics processing unit market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the graphics processing unit is predicted to experience a significant surge in the forthcoming years. It is projected to expand to $198.57 billion in 2029, with a compound annual growth rate (CAGR) of 28.6%.
The anticipated progression in this period can be linked to various factors such as the expansion of the gaming industry, the creation of multimedia content, the introduction of graphical user interfaces, advancements in display technologies, and the emergence of cryptocurrency mining. Noteworthy trends expected during this forecast period include the integration of AI and machine learning, edge computing and IoT, autonomous vehicles, support for quantum computing, and the deployment of 5G networks.
What Factors Are Driving Growth In The Graphics Processing Unit Market?
The increasing use of portable computing devices is anticipated to spur the expansion of the graphics processing unit market in the forthcoming years. These mobile, lightweight, and compact devices are engineered to handle computing tasks while travelling. Graphics Processing Units (GPUs) amplify both the graphics performance and overall computational efficiency of these devices. For example, Uswitch Limited, a UK-centric price comparison and switching service firm, reported in February 2023 that there were about 71.8 million mobile connections in the UK. This figure represents a 3.8% augmentation (or around 2.6 million) compared to the numbers reported in 2021. Furthermore, it is projected that 95% of the UK's 68.3 million population, which equates to 65 million people, will have a smartphone by 2025. Hence, the rising use of portable computing devices is expected to fuel the growth of the graphics processing unit market.
What Are The Main Segments Of The Global Graphics Processing Unit Market?
The graphics processing unit market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Deployment Type: On-Premises, Cloud
3) By Industry Vertical: Electronics, Information Technology And Telecommunication, Defense And Intelligence, Media And Entertainment, Automotive, Other Industry Verticals
Subsegments:
1) By Hardware: Dedicated GPUs, Integrated GPUs, GPU Chipsets
2) By Software: Driver Software, GPU Management Software, Rendering Software
3) By Service: GPU Cloud Services, Support And Maintenance Services, Consulting Services For GPU Deployment
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What Trends Are Shaping The Graphics Processing Unit Market?
Leading businesses in the graphics processing unit sector are concentrating on pioneering technologies, such as gaming graphic cards, to better cater to their current customers. These gaming graphics cards are specialized equipment intended to provide high-performing graphics for gaming purposes. For example, in November 2022, Advanced Micro Devices Inc., an American firm that manufactures graphic cards and PC processors, released AMD Radeon RX 7900 XTX and Radeon RX 7900 XT graphics cards on the AMD RDNA 3 platform. These are the globe's first-ever gaming graphic cards that utilize the cutting-edge AMD chiplet structure, boasting impressive performance and power efficiency suitable for high-rate 4K and higher resolution gaming even in demanding titles. It includes the premier gaming GPU with a chiplet structure, offering as much as 15% elevated frequencies and upto 54% increased power efficiency. This includes the newly introduced 5nm 306mm2 Graphics Compute Die (GCD) with as many as 96 compute units, providing core GPU functionality. It also features six novel 6 nm Memory Cache Die (MCD) at 37.5 mm2, each equipped with up to 16 MB of the 2nd generation AMD Infinity Cache technology.
Who Are the Key Players In The Graphics Processing Unit Market?
Major companies operating in the graphics processing unit market report are:
• Google LLC
• Samsung Electronics Co.Ltd.
• Sony Corporation
• Siemens AG
• Intel Corporation
• IBM Corporation
• Qualcomm Incorporated
• Broadcom Inc.
• Fujitsu Limited
• Toshiba Corporation
• NVIDIA Corporation
• NEC Corporation
• Advanced Micro Devices
• Dassault Systèmes SE
• Marvell Technology Inc.
• Realtek Semiconductor Corp.
• Arm Limited
• Cirrus logic Inc.
• Verisilicon Inc.
• VIA Technologies Inc.
• ASPEED Technology Inc.
• Matrox Electronic Systems Ltd.
• Imagination Technologies Group
• EVGA Corporation
• Trident Microsystems Inc.
• 3DLabs Inc. Ltd.
• SAPPHIRE Technology Limited
• 3dfx Interactive Inc.
• Rendition Inc.
• Oak Technology Inc.
What Is The Most Dominant Region In The Graphics Processing Unit Market?
Asia-Pacific was the largest region in the graphics processing unit market in 2024. LAMEA is expected to be the fastest-growing region in the forecast period. The regions covered in the graphics processing unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
