Multi-Billion Dollar Opportunity: GPU Market Set to Hit $237.5 Billion by 2030 – Arizton

According to Arizton’s latest research report, graphics processing unit market is growing at a CAGR of 22.58% during 2024-2030.  

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Report Scope:  

Market Size (2030): USD 237.50 Billion

Market Size (2024): USD 70 Billion

CAGR (2024-2030): 22.58%

Historic Year: 2021-2023  

Base Year: 2024  

Forecast Year: 2025-2030  

Market Segmentation: Type, Memory, Cooling Type, Server Type, Deployment, Application, End-Users, and Geography

Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa  

The graphics processing unit (GPU) market is experiencing significant growth driven by increasing demand in high-performance computing (HPC), particularly in AI and machine learning (ML) applications. GPUs play a crucial role in the expansion of edge computing and IoT by enabling real-time data processing and reducing reliance on cloud infrastructure. Their efficiency in low-power consumption with high computational capacity is vital for applications like autonomous systems, where fast decision-making is essential.

The booming gaming industry also contributes to rising GPU demand as high-definition graphics and high frame rates become critical for immersive experiences. In addition, cloud computing and the growing need for data centers focused on AI workloads, big data analytics, and complex computations further boost GPU adoption.

Industries such as architecture, engineering, animation, and digital content creation rely on GPUs for professional visualization tasks, rendering large datasets and intricate 3D models in real-time. Technological advancements, such as real-time ray tracing, are enhancing visual quality, while innovations focused on energy-efficient designs aim to address sustainability concerns.

Market players, including AMD, continue to innovate, with the introduction of products like the AMD Radeon RX 7900M GPU in 2023, offering impressive capabilities for gaming and content creation. The ongoing emphasis on research and development and the expansion of GPU applications across industries position the GPU market for continued growth. 

Global Graphics Processing Unit (GPU) Market Developments

· In 2024, AMD launched its Ryzen 8000G with integrated graphics and Ryzen AI and added 5000 series processors.

· In 2023, Yotta Data Services formed a partnership with NVIDIA to accelerate AI transformation in India.

· In 2023, LG Electronics improved the cloud gaming experience on its 2023 TVs by adding 4K support for NVIDIA GeForce NOW and launched the Boosteroid service. 

APAC Region to Create Opportunities in the Graphics Processing Units (GPU) Market

The APAC GPU market is witnessing significant growth driven by increasing demand in gaming, AI, and data centers, particularly in emerging markets like India, South Korea, and Indonesia. China remains the dominant player in the region, with strong economic growth supporting its GPU market. The rise of the gaming industry in countries like India is further fueling demand. Major global players, such as NVIDIA, AMD, and Intel, along with local manufacturers in China and Taiwan, are expanding their presence. The region’s focus on strengthening domestic semiconductor capabilities and reducing import dependency is also boosting market growth. 

GPU Market Trends: Advancements in AI, AR/VR, and Cloud Gaming Driving Growth

The GPU market is rapidly evolving to support the growing demands of generative AI, augmented reality (AR), virtual reality (VR), and cloud gaming. In 2023, AWS and NVIDIA collaborated to create on-demand AI infrastructure for training complex large language models (LLMs) and developing generative AI applications.

In 2022, Meta allocated over 7% of its GPU computing power to enhance performance on Meta Quest 2 VR devices, enabling developers to use higher pixel density without compromising resolution at target frame rates, further boosting the GPU market.

Additionally, LG Electronics improved the cloud gaming experience on its TVs in 2023 by adding 4K support for NVIDIA GeForce NOW and launching Boosteroid services. With Blacknut and Utomik expanding cloud gaming options in 2022, these advancements continue to drive the demand for high-performance GPUs. 

High-Memory GPUs Gaining Traction Amid Rising Device Adoption and AI Growth

The increasing use of smartphones, laptops, and tablets is driving demand for more powerful GPUs. 16 GB to 32 GB memory GPUs are becoming popular in gaming PCs and workstations, as users seek affordable solutions that support 4K rendering, VR, and real-time content creation. Leading companies like NVIDIA and AMD offer high-capacity GPUs such as the RTX A6000 and Radeon PRO W7900, targeting professional applications like AI inferencing and 3D animation. The rise of generative AI and LLMs further boosts demand for high-memory GPUs, with OEMs and cloud providers expanding deployments in training clusters and edge AI systems. 

Looking for More Information? Click: https://www.arizton.com/market-reports/graphics-processing-unit-market 

Key Company Profiles

·      Nvidia

·      Intel

·      AMD

·      Biren Technology

·      Moore Threads 

·      Imagination Technologies

·      Qualcomm

·      Silicon Motion

·      INNOSILICON

·      Apple Inc.

·      Arm Limited

Market Segmentation

Type

·      Integrated

·      Discrete

·      Hybrid

Memory

·      More than 32 GB

·      16 GB to 32 GB

·      Less than 16 GB

Cooling Type

·      Air Cooling

·      Liquid Cooling

Server Type

·      Multi Server

·      Single Server

Deployment

·      On-premises

·      Cloud-based

Application

·      Gaming

·      Data Center

·      Professional Visualization

·      Consumer Electronics

·      Automotive

·      Other Applications

End-Users

·      Consumers

·      Enterprises

·      Cloud Service Provides

·      Other Users

Geography

APAC

·      China

·      Japan

·      South Korea

·      India

·      Australia

·      Thailand

North America

·      The U.S.

·      Canada

Europe

·      Germany

·      The U.K.

·      France

·      Italy

·      Spain

·      Sweden

Latin America

·      Brazil

·      Mexico

·      Argentina

·      Chile

Middle East & Africa

·      UAE

·      Saudi Arabia

·      South Africa

·      Turkey 

The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the graphics processing unit (GPU) market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/graphics-processing-unit-market  

What Key Findings Will Our Research Analysis Reveal?  

How big is the global graphics processing unit (GPU) market?

What is the growth rate of the global graphics processing unit (GPU) market?

Who are the key players in the global graphics processing unit (GPU) market?

What are the significant trends in the global graphics processing unit (GPU) market?  

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