The global Graphics Processing Unit market size is expected to reach close to USD 477.37 Billion by 2029 with an annualized growth rate of 33.3% through the projected period.
Owing to benefits such as high-cost efficiency, enhanced gaming experience, better computer performance, better video & HD experience, driver support, the Graphics Processing Unit is experiencing rapid adoption as opposed to conventional alternatives such as central processing unit (CPU), thus fostering growth in the global Graphics Processing Unit market.
Covid-19 Impact & Market Status
The covid-19 pandemic damaged the global Graphics Processing Unit Market and the emerging regions where Graphics Processing Unit Market is less developed. Fortunately, the exciting set of technologies that are making GPUs more powerful and achieving the market objectives efficiently. Market players for market fortification are taking strategic steps and preparing for the uncertainties and market fluctuations in the years to come.
This research report on global graphics processing unit market address market new trends, collaborations and commercial alliances, market dynamics, and other amenabilities, current and future growth of the global graphics processing unit market. The report offers ample insights for entrepreneurial enrichment and business professionals they must redirect for better financial outcomes in the global graphics processing unit market.
The report discusses in detail the competitive environment of the global graphics processing unit market along with the demand and supply dynamics, trade activities, production, manufacturing, industrial activities in domestic and international markets.
Discrete Graphics Processing Unit Type to Emerge as the Most Lucrative Segment
Global Graphics Processing Unit market is classified into integrated GPU and discrete GPU on the basis of type. Among these, the Discrete Graphics Processing Unit is poised to incur the highest revenue streams owing to several advantages such as ability for heavy processing tasks like intense photo and video editing, design work, and gaming.
Metering Downstream Field to Remain Atop
Global Graphics Processing Unit market is classified into embedded systems, mobile phones, personal computer, laptop, workstations, and game consoles on the basis of device. Among these, personal computer in the forecast span is likely to be the most lucrative in global Graphics Processing Unit market. The multiple factors such as growing gaming community which demand GPU in PC for richer gaming experience has propelled the global Graphics Processing Unit market. Furthermore, GPU is PCs has improved performance of 3D applications & software, and is providing better Video and HD experience.
Media & Entertainment Industry to Ensure Revenue Maximization
Global Graphics Processing Unit market is classified into ICT, defense, media & entertainment, others on the basis of industry. Among these, the media and entertainment industry segment accounted for maximum market share of global Graphics Processing Unit market in 2020 and is expected to grow substantially in the years ahead. Media and entertainment industry use GPU for digital content creation with power of graphics, non-liner video editing, and virtual reality needs.
North American Region to Render Ample Investment Avenues
North America held the largest share of Global Graphics Processing Unit Market in 2020 and may dominate the market through the forecast span. North America has presence of multinational firms like Intel, IBM, Google and more such firms delivering and developing groundbreaking, flexible high-performance GPU systems.
Today’s graphics, video rendering, hardcore PC gamers, and other advanced applications need high-powered systems accentuating reliance on the graphics processing unit.
Rapid end-use applications ICT, defense, media & entertainment, electronic & telecommunications, and others are fostering remarkable progress in the global graphics processing unit market.
Advantages such as the ability to accelerate heavy compute-intensive applications, maximize computer performance, faster processor execution, power, and reliability encourage further adoption.
A Graphics processing unit is a chip or electronic circuit uniquely designed to render graphics for display on an electronic device. The Graphics processing unit’s unique feature is that it provides smooth graphics that consumers expect in modern videos and games and has the ability to transfer information bidirectionally back from the GPU to the CPU. Thus it is extensively used in smartphones, personal computers, laptops, gaming consoles, workstations, and various other devices.
Factors such as superlative gaming capability, efficient manipulation of computer graphics & image processing, and ability to perform weighted calculations such as in artificial intelligence systems, make graphics processing unit a superlative option.
However, the graphics processing unit faces certain challenges. The frequent communication of GPU with CPU hampers GPU’s performance. Moreover, small computational capacity applications do not work well with GPU, applications that have limited concurrency fail to fully utilize the potential of GPU. These are some major challenges likely to hamper the global graphics processing unit market.
Conversely, rapid digitalization, gaming popularity among Millenials, GPU today being more powerful and affordable option over CPU, tech firms and researchers addressing the current challenges and coming up with huge multi-processing capability, and new languages and software being developed to take advantage of the high level of parallelism are anticipated to be a growth opportunity for global graphics processing unit market. Furthermore, R&D activities for developing integrated GPUs is propelling the global graphics processing unit market.
The major players in global graphics processing unit market are IBM Corporation, Sony Corporation, Siemens AG, Google, Dassault Systems, Advanced Micro Devices, Qualcomm Incorporated, Samsung Electronics, Power VR, Via, Zotac, Sapphire, Asus, EVGA, Gigabyte, NVIDIA Corporation, and Intel among others. GPUs developed by these firms are supplied to automotive companies developing driverless car technology, and new gaming technologies. These firms lead PC gaming market, computer graphics, parallel computing, and other technologies with developing modern GPUs. This has made them highly preferable in the global graphics processing market.
Latest Innovations in the Global Graphics Processing Unit Market: a Snapshot
- HP has just launched Omen 16 gaming laptop which has RTX 30 graphics processing unit. The GPU delivers optimum performance for gamers and creators.
- Nvidia is into billions of long-term investment for improving GPU supplies. Interestingly, Nvidia is expected to release next-generation graphics cards, the RTX 4000 series on demand from consumers and cryptocurrency miners.
Graphics Processing Unit Market Scope
|Revenue forecast in 2029
|USD 477.37 Billion
|CAGR of 33.3% during 2019-2029
|Product Type, End- User, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|IBM Corporation, Sony Corporation, Siemens AG, Google, Dassault Systems, Advanced Micro Devices, Qualcomm Incorporated, Samsung Electronics, Power VR, Via, Zotac, Sapphire, Asus, EVGA, Gigabyte, NVIDIA Corporation, and Intel among others.
Key Segments of the Global Graphics Processing Unit Market
Type Overview, (USD Billion)
- Discrete GPU
- Integrated GPU
Device Overview, (USD Billion)
- Embedded systems
- Mobile phones
- Personal computer
- Game consoles
Industry Overview, (USD Billion)
- Media & entertainment
Regional Overview, (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa