Automotive Graphic Processor Unit (GPU) Market is projected to reach the value of by USD 441.76 Billion 2030

According to the report published by Virtue Market Research, the Global Automotive Graphic Processor Unit (GPU) Market was valued at USD 44.58 Billion in 2022, and is projected to reach a market capitalization of USD 441.76 Billion by 2030. Over the forecast period of 2023-2030, market is estimated to grow at a CAGR of 33.2%, owing to the rising demand for autonomous vehicles coupled with growing developments in smart technology based domains including Artificial Intelligence, Deep Learning, Virtual Reality (VR), Augmented Reality (AR) and Internet of Things (IOT).

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The growing innovations in autonomous vehicles and vehicles with enhanced driver assistance capabilities are propelling the growth of Automotive Graphic Processor Unit (GPU) Market. GPUs are integral part of such rising innovations, owing to the fact that a typical algorithm or code is executed 20 times faster on a GPU as compared to that on a CPU. Therefore, there is a rapid rise in demand for GPUs in self-driving/autonomous vehicles. The COVID-19 pandemic has hit the Global Automotive Graphic Processor Unit (GPU) Market severely. During the pandemic, various governments imposed lockdowns and other restrictions, which led to the decline in entire economy of several nations and further investments in innovations stopped. The electronics industry, in particular, was severely hit during the pandemic, owing to the shortage of semi-conductors and other raw materials due to disruption in global supply chain, which in turn affected the Automotive Graphic Processor Unit (GPU) Market.

By providing features including distracted driver warning, lane detection, real-time navigation smart navigation, pedestrian detection, traffic layout detection and road signs & traffic light status detection, the GPUs embedded in autonomous vehicles are making these vehicles smarter. These attributes help drivers to reduce likelihood of accidents, speed up travel with better navigation, save expenditure on fuel and provide those people who are unable to drive more accessibility to transportation with self-driving. The aforementioned characteristics and benefits of autonomous vehicles are estimated to propel the demand for Automotive Graphic Processor Units (GPUs) and significantly accelerate the growth of Automotive Graphic Processor Unit (GPU) Market. The trend of owning a smart autonomous vehicle in Western and several European countries due to the rising innovations in this domain by companies like Tesla, is anticipated to further drive the growth of Global Automotive Graphic Processor Unit (GPU) Market. The utilization of deep learning-based algorithms in order to develop a completely autonomous vehicle is anticipated to provide significant opportunities to the leading industry players. Owing to the learning, adapting and problem-solving capabilities of deep learning, dynamic selection of travel routes coupled with more safe & accurate on-road navigation is possible and in order to run such deep learning algorithms, powerful GPUs are required, which would rapidly accelerate the demand for Automotive GPUs in the coming future.

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Segmentation Analysis:
The Global Automotive Graphic Processor Unit (GPU) Market segmentation include:
By Type :
• Discrete
• Integrated

The Integrated Graphic Processor Units (GPUs) are embedded within the Central Processing Units (CPUs), whereas the Discrete GPUs are often come as separate chips installed on circuit boards and with an option to connect to a PCI express slot. The Integrated GPUs segment is estimated to account for the largest share of the Global Automotive Graphic Processor Unit (GPU) Market during the forecast period, owing to the rising demand for light-weight thinner systems with lower power consumption, which is only possible with the use of CPUs with motherboards having integrated GPUs. The Integrated GPUs also reduce system costs and support the effective functioning of several computing applications, which is projected to further support the dominance of this segment. The Discrete GPUs segment is anticipated to register a rapid expansion during the forecast period, owing to the growing integration of smart technologies like Machine Learning and Deep Learning in Discrete GPUs due to which Discrete GPUs are rapidly finding their applications in various domains such as advanced driving assistance systems (ADAS), automotive computing-intensive services and several others.

By Application:
• Telematics
• Infotainment Systems
• Advanced Driver Assistance Systems (ADAS)
• Others.

The Advanced Driver Assistance Systems (ADAS) account for the largest share of the Global Automotive Graphic Processor Unit (GPU) and is anticipated to grow at a significant CAGR during the forecast period, owing to the fact that ADAS reduce the chances of accidents that happen due to human errors. Due to the smart sensors and AI-based technology, the ADAS systems provide a better on-road navigation and have the ability to react more quickly than a human driver. Owing to these attributes and growing preference for self-driving vehicles coupled with rising demand for smart technology based solutions to reduce the likelihood of accidents, the ADAS segment is estimated to witness a rapid expansion in the coming future. With the rising advancements in cloud based technology, the Telematics segment is estimated to register a significant growth during the forecast period. The Telematics systems are capable of providing over-the-air updates and guidance for both passenger & vehicle security by connecting the vehicle to the cloud and providing features such as roadside assistance & eCalls. All these attributes of Telematics systems are estimated to support this segment's growth during the forecast period.

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Regional Analysis:
The North America region is estimated to hold the largest revenue share of the Global Automotive Graphic Processor Unit (GPU) Market, owing to the presence of GPU industry leaders coupled with rising prevalence of self-driving vehicles and growing demand for GPUaaS from various industries such as CAD/CAM industry. The Europe region is however anticipated to grow at a significant CAGR during the forecast period, owing to the growing demand for automotive graphic processor units (GPUs) from countries like Germany.

Latest Industry Developments:
• In May 2022, AMD announced the launch of the launch of latest graphic card Radeon RX 6000 series, named AMD Radeon RX 6950 XT.

• In June 2021, Tesla introduced the most advanced AV training supercomputer with latest cluster of GPUs powered by NVIDIA A100 GPUs, offering support for self-driving & autopilot attributes. The A100 GPU offers 20 times better performance than previous generation GPUs.

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Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.

This release was published on openPR.