Graphics Processing Unit (GPU) Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Sapphire Technology Limited and Advanced Micro Devices.

Graphics Processing Unit Market is expected to grow at a CAGR of 29.57% to reach a market size worth US$190.977 billion by 2028.

The increasing demand for GPUs from the automotive industry and the expansion of computer applications and data centers are the prime factors propelling the demand for graphics processing units.

The graphics processing unit market is expected to grow at a high CAGR during the forecast period.

A graphics processing unit (GPU) is a customized electronic circuit/chip designed to manage and modify memory to expedite the production of images in a buffer of frames intended for output to a display device. Personal computers, mobile devices, embedded systems, electronic devices, workstations, and some major electronic applications that extensively employ GPUs. The GPU industry has experienced dramatic expansion due to the growing usage of computing devices like laptops and personal computer systems and the rising investments in the electronics and automotive industries. Further, GPUs are adopted in data centers for various tasks, including the operation and training of machine learning models. Therefore, the international demand for graphics processing units will increase with the construction of new data centers worldwide. For instance, India's data center capacity, driven by 138 data centers, in September 2022 was estimated to be 870 MW and is expected to surpass 1,700 MW by the end of 2025. Further, Amazon Web Services announced that AWS Asia Pacific (Hyderabad) Region, its second data facility in India, would be launched and in operation from November 2022.

Further, in the automotive sector, GPUs are being consumed for other purposes besides driving dashboards and in-car displays, such as the functioning of advanced driver assistance systems, which are employed in modern vehicles. They can be displayed and operated with the use of GPUs. Hence, the demand for graphics processing units will increase along with car sales and production over the forecast period.

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The graphics processing unit market is segmented into GPU type, end-user, and geography.

The market has been classified by type into discrete, integrated, and hybrid. The integrated GPU segment is expected to hold a substantial portion of the graphics processing unit market since most GPU products offered by companies are of integrated type. For instance, in January 2023, Intel Corporation, a leading company in the GPU market, introduced a new product line of GPUs, 4th Gen Xeon, consisting of integrated GPUs.

By end-users, the division has been done into automotive, electronics, data centers, aerospace, and others. The automotive and electronics industries are expected to witness significant growth in this segment. The demand for graphic processor units among consumers is rising due to the growing consumption of portable electronics such as laptops and tablets with customized GPUs with higher graphics systems to enhance the graphics and video playback performance for video editing and gaming applications. The increasing demand for gaming systems and consoles, including brands like the PlayStation and Xbox, further results in need for customized GPUs with sophisticated graphic visuals and uninterrupted gameplay. For instance, the Arc 3 GPU, developed for content creation and enhanced gaming, was introduced by Intel in March 2022 for use in laptops and desktops.

By region, the Asia Pacific is anticipated to contribute significantly to the graphics processing unit market fueled by the growth in demand for electronic products like computers, smartphones, and laptops in countries like China, South Korea, and India. For instance, India shipped 14.8 million personal computers (PCs) in 2021, an annual increase of 44.5% compared with the data year 2020 as per the data generated by the International Data Corporation.

Further, North America is expected to retain a substantial portion of the GPU market fueled by significant technological advancements made by leading companies to their current GPU product portfolio. In addition, the enormous amount of cryptocurrency mining activities in this region is also projected to expand the graphic processing unit usage promoting the GPU market expansion.

As a part of the study, the major players operating in the graphics processing unit market that have been covered are Intel Corporation, IBM Corporation, NVIDIA Corporation, Arm Limited, Sapphire Technology Limited, Advanced Micro Devices, EVGA Corporation, Imagination Technologies Group, Qualcomm Inc, and Dassault Systemes.

This graphics processing unit market has been analyzed into the following segments:

• By Type

o Discrete
o Integrated
o Hybrid

• By End-User

o Automotives
o Electronics
o Data Centres
o Aerospace
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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