Graphic Processing Unit (GPU) Market Size to Hit USD 773.07 Billion by 2032

The global graphic processing unit (GPU) market size reached USD 42.2 Billion in 2022 and is expected to reach USD 773.07 Billion by 2032, at a CAGR of 33.8% during the forecast period 2023 to 2032.

Graphic Processing Unit Market Size 2023 to 2032

Key Takeaways

  • Asia Pacific led the market with the biggest market share in 2022.
  • By Device, the smartphone segment has held the largest market share in 2022.
  • By Type, the hybrid GPUs segment is expected to expand at the fastest CAGR over the projected period.
  • By Type, the integrated segment had the largest market share in 2022.

The Graphics Processing Unit (GPU), also known as the visual processing unit, is a computer chip designed to execute swift mathematical calculations, primarily to render images. Comprising hundreds of cores capable of handling thousands of threads simultaneously, GPUs outshine Central Processing Units (CPUs) that have fewer cores and limited capacity to manage multiple threads concurrently.

These GPUs can be found on plug-in cards, integrated into the motherboard chipset, or housed in the same chip as the CPU. Stand-alone GPU cards boast separate Random Access Memory (RAM), while those integrated into chipsets share main memory with the CPU. Utilizing transistors for intricate 3D graphics calculations, GPUs have become ubiquitous in portable electronic devices, ranging from laptops and tablets to mobile phones and medical wearable equipment. Ongoing developments in hybrid and integrated GPUs aim to supplant dedicated GPUs in applications like augmented reality, virtual reality systems, artificial intelligence, and supercomputers.

Report Scope of the Graphic Processing Unit (GPU) Market

Report Highlights Details
Market Size in 2023 USD 56.25 Billion
Market Size by 2032 USD 773.07 Billion
Growth Rate from 2023 to 2032 CAGR of 33.8%
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Device, Type, Industry Vertical, Region
Companies Mentioned Intel Corporation, IBM Corporation, Samsung Electronics Co., Ltd., NVIDIA Corporation, Siemens AG, Advanced Micro Devices, Inc., Qualcomm Incorporated, Google, Inc, Dassault Systems, Inc., and Sony Corporation

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Growth Factors:

The surge in demand for graphically intensive games is a prime driver propelling the global GPU market forward. These demanding games necessitate high-memory graphic cards, fueling the market’s growth. The widespread adoption of portable computing devices, including laptops, smartphones, and computers, also contributes to market expansion. Additionally, the increasing appetite for animation-based games such as FIFA and Need for Speed, coupled with the rising adoption of virtual reality headsets, presents substantial growth opportunities for the GPU market. However, the ascendancy of mobile-based gaming platforms and a declining demand for desktops pose challenges to market growth.

Regional Snapshots:

In 2022, the Asia Pacific market claimed the largest share, driven by the escalating penetration of the Internet of Things (IoT) and smart appliances in the region. The surge in sales of electronic devices with advanced features necessitating high computing systems further fuels market growth. High-performance graphic computing systems play a pivotal role in the defense and intelligence sector, driving government investments in the development of integrated and hybrid graphic processing units to meet sector-specific requirements. Additionally, electronic device manufacturers incorporating cutting-edge technologies like AR, VR, AI, and IoT contribute to the market’s growth.

Key Players & Strategies:

Intense competition characterizes the global GPU market, driven by rapidly changing consumer demands and technological advancements. Market players actively engage in partnerships, collaborations, and joint ventures with other technology companies to broaden their scope across various applications. Exhibiting their technologies and products at global conferences and symposiums is a common strategy to attract more customers. As an example, in December 2018, Intel Corporation unveiled details about its upcoming GPUs based on the Xe architecture during the CPU architecture day held in the same year.

Some of the prominent players in the Graphic Processing Unit (GPU) market include:

  • Intel Corporation
  • IBM Corporation
  • Samsung Electronics Co., Ltd.
  • NVIDIA Corporation
  • Siemens AG
  • Advanced Micro Devices, Inc.
  • Qualcomm Incorporated
  • Google, Inc
  • Dassault Systems, Inc.
  • Sony Corporation

Segments Covered in the Report

By Device

  • Tablet
  • Television
  • Computer
  • Gaming Console
  • Smartphone
  • Others

By Type

  • Integrated
  • Dedicated
  • Hybrid

By Industry Vertical

  • IT & Telecommunication
  • Electronics
  • Media & Entertainment
  • Defense & Intelligence
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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Fabio Thomas 

Fabio Thomas 

Fabio is a Senior Editor at Reports Gazette who focused on healthcare it news. Also, he is a writer and public health researcher.  He joins Reports Gazette from Modern Healthcare, where he worked as a web producer since 2020. Before joining the Modern Healthcare team, Fabio received a master’s degree in journalism from Northwestern University. He is the author of a 2016-17 book, he is also the recipient of numerous awards.

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