Published on: May 13, 2024
Graphics processing units (GPUs) are essential components in computers and other devices for handling complex graphics and calculations. The graphics processing unit (GPU) market is projected to reach a value of USD 185.75 billion in 2027 with a CAGR of 33.15% between 2022 and 2027.
The GPU market is integral to several industries, facilitating mathematical calculations and rendering of 2D and 3D graphics. GPUs are essential components in portable computing devices such as laptops, as well as other electronic machines, enhancing visual experiences in modern videos, games, and graphics-intensive applications.
The GPU market is significant and is expected to grow steadily, driven by increasing demand for smooth graphics and high-performance computing in various sectors. Despite challenges such as operational interruptions and supply chain issues, the market is forecasted to expand due to the rising adoption of GPUs across industry verticals.
The growth of the market depends on several factors, including an increase in demand for advanced gaming and VR experiences, an increase in demand for visual effects (VFX) in the media and entertainment industry, and a rise in the adoption in automotive applications. Pricing and availability of GPUs can fluctuate based on supply and demand dynamics in the market. NVIDIA holds largest desktop GPU market share. AMD's Radeon GPUs are used by gamers worldwide.
Types of GPU include integrated GPUs and discrete GPUs, and they are used in applications such as gaming and high-performance computing. Industries like automotive, manufacturing, real estate, healthcare, defense and intelligence, and media and entertainment all rely on GPUs to some extent.
Key trends in the GPU market include the development of specialized processors for graphics rendering, advancements in GPU technology for deep learning and high-performance computing, and the integration of GPUs into a wide range of electronic devices, including personal computers, workstations, and game consoles.
The growing demand for realistic graphics in gaming, the proliferation of computer graphics and image processing applications, and the need for high-memory graphic cards to support complex graphic games and simulations are helping drive the GPU market.
Challenges facing the GPU market include operational interruptions in GPU production activities, supply chain disruptions affecting GPU availability, and the need for continuous innovation to meet the demands of evolving graphics applications, including animation-based games, virtual reality headsets, and photorealistic images.
The GPU market presents significant opportunities for growth and innovation, driven by the increasing demand for high-quality graphics and computational power across industries. Success in the market requires companies to address challenges effectively, capitalize on emerging trends, and deliver high-performance GPUs tailored to the needs of diverse applications and industry verticals.
Technavio’s market research on this industry provides a detailed analysis of the market landscape, providing data on product types, regional markets, sales channels, and more.
Our GPU market segmentation covers topics such as:
APAC is expected to contribute 42% of the global market’s growth over the next several years. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC’s prominence in this market can be attributed to factors such as technological advancements, growing demand for gaming and virtual reality (VR) applications, and the presence of many leading market players in the region, such as NVIDIA, AMD, and Intel, which play a vital role in influencing the industry.
Technavio's GPU industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our GPU market reports include:
Learn more about the GPU industry: Explore Reports
In order to provide you with a comprehensive view of the GPU industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
1.How do I identify key trends in the GPU market?
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
2.How do I decide which segments of the GPU market to focus on?
Every Technavio report includes detailed segmentation insights, breaking down the market in terms of product type, geography, sales channels, and more. And if you’re looking for something a little more specific, our Custom Research Solutions can tailor any report to meet your unique needs.
3.Who are the major players in the GPU market?
We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
Still have questions? We’re here to help! Get in Touch
LinkedIn
Facebook 
Twitter
Email
Reddit
Tumblr
Quora
Pinterest
WhatsApp