Global Graphic Processing Unit Market Size, Share, Growth Analysis, By Type(Dedicated, Integrated), By Device(Computer, Tablet), By Industry Vertical(Electronics, IT & Telecommunication) - Industry Forecast 2024-2031

Global Graphic Processing Unit Market size was valued at USD 601.24 Million in 2022 and is poised to grow from USD 625.29 Million in 2023 to USD 855.76 Million by 2031, at a CAGR of 4% during the forecast period (2024-2031).

The rise of 2D and 3D graphics technology is expected to increase the need for specialized processors capable of managing intricate mathematical computations, thereby greatly benefiting the GPU industry. The increasing presence of 3D content has stimulated the advancement of state-of-the-art processor technologies for sophisticated graphics applications across diverse sectors such as healthcare, manufacturing, real estate, and automotive. This development is leading to improved visual experiences and innovative solutions within these industries, highlighting the significance of specialized processors in driving the future of graphics and visualization.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Graphic Processing Unit and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Global Graphic Processing Unit Market Segmental Analysis

The global graphic processing unit market is segmented into four major segments i.e. by type, device, industry vertical and region. Based on type the market is segmented as, dedicated, integrated, hybrid. By device the market is segmented into computer, tablet, smartphone, gaming console, television, others. By industry vertical the market is segmented into electronics, IT & telecommunication, defense & intelligence, media & entertainment, others. By region the market is segmented into North America, Europe, Asia-Pacific, MEA, and Latin America.

Drivers of the Global Graphic Processing Unit Market

In recent years, there has been a notable increase in the demand for high-performance personal computing devices and gaming consoles. As a result, micro-processing companies have found it advantageous to invest in graphics add-in boards. This is because the graphics processing unit (GPU) serves as a crucial element in the construction of the final product.

Restraints in the Global Graphic Processing Unit Market

The ongoing decrease in demand for desktop computers poses a potential challenge for the global graphic processing unit market. Following the pandemic, there was a notable increase in demand for desktops and PCs. However, computer manufacturers worldwide are now facing a substantial decline in PC shipments.

Market Trends of the Global Graphic Processing Unit Market

The rapid adoption of big data technology to extract useful business insights is expected to fuel the demand for GPUs. With evolving business models and a continuous rise in data volumes, many enterprises and industries are utilizing big data analytics and decision intelligence for tasks like opinion mining, textual analysis, and data retrieval. The growing emphasis on technological solutions for enhanced business management and informed decision-making is poised to drive the uptake of GPUs. This will, in turn, enhance decision-making processes across different facets of business and management, highlighting the vital role of GPUs in today's data-driven environment.