Press release
External Graphics Processing Unit eGPU Market share, Market trends, and forecasts from 2024 to 2031.
An External Graphics Processing Unit (eGPU) is a device that enhances the graphical performance of a computer by providing improved graphics capability through an external device connected via Thunderbolt or USB.
The eGPU market is expected to grow at a CAGR of 10.60% during the forecasted period, driven by the increasing demand for high-quality visuals and graphics-intensive applications in various industries such as gaming, design, and entertainment. The rise in popularity of virtual reality (VR) and augmented reality (AR) technologies is also contributing to the growth of the eGPU market as these applications require advanced graphics processing capabilities.
Furthermore, the increasing adoption of thin and light laptops and ultrabooks that lack dedicated graphics cards is boosting the demand for eGPUs as users seek to enhance their devices' graphics performance for gaming, video editing, and other multimedia tasks.
Overall, the future outlook for the eGPU market is positive, with continued growth expected as the demand for high-quality visuals and graphics-intensive applications continues to rise across various industries.
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Market Segmentation
The External Graphics Processing Unit eGPU Market Analysis by types is segmented into:
• General
• Special
The eGPU market can be divided into two main types: general and special.
General eGPU market refers to the mainstream consumer market where eGPUs are used for enhancing the graphics performance of laptops or desktop computers. These products are widely available and cater to a broad range of users looking to boost their system's graphical capabilities.
Special eGPU market, on the other hand, caters to niche markets such as professional gamers, graphic designers, or industrial applications that have specific requirements for high-performance graphics processing. These products are often tailored to meet the specialized needs of these users, offering advanced features and compatibility with specific software or hardware configurations.
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The External Graphics Processing Unit eGPU Market Industry Research by Application is segmented into:
• Laptop
• Desktop Computer
The External Graphics Processing Unit (eGPU) market primarily caters to laptop and desktop computer users who require enhanced graphics performance for tasks such as gaming, graphic design, video editing, and 3D rendering. eGPUs provide a convenient and cost-effective solution for users looking to upgrade their system's graphics capabilities without having to purchase a completely new computer. They offer a plug-and-play option for users to boost their graphics performance by simply connecting the eGPU to their device via a Thunderbolt or USB-C port.
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In terms of Region, the External Graphics Processing Unit eGPU Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global External Graphics Processing Unit eGPU market?
The global external graphics processing unit (eGPU) market is experiencing several emerging trends. These include the increasing demand for high-performance graphics for gaming and content creation, the rise of edge computing and virtual reality applications, and the growing popularity of eGPUs for use with thin and light laptops. Additionally, advancements in technology such as Thunderbolt 4 connectivity and improved compatibility with a wider range of devices are driving the adoption of eGPUs. Moreover, the shift towards remote work and the need for enhanced graphics capabilities are also fueling the growth of the eGPU market.
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Major Market Players
ASUS is a well-known player in the external graphics processing unit (eGPU) market. The company has a strong reputation for producing high-quality computer hardware, including graphics cards and eGPUs. ASUS has been a key player in the eGPU market for many years and has consistently demonstrated innovation and technological expertise in this area. The company's eGPUs have been widely praised for their performance, reliability, and value for money.
GIGABYTE Technology is another major player in the eGPU market. The company has a long history of producing cutting-edge computer hardware, including motherboards, graphics cards, and eGPUs. GIGABYTE's eGPUs are known for their high performance, sleek design, and competitive pricing. The company has a strong presence in the global eGPU market and continues to innovate and expand its product offerings.
In terms of market growth and size, the eGPU market has been experiencing steady growth in recent years. As more and more consumers and businesses look for ways to enhance their computing power, eGPUs have become an increasingly popular option. The global eGPU market size was valued at around $2.11 billion in 2020 and is expected to reach $6.9 billion by 2027, with a CAGR of 18.5% during the forecast period.
In terms of sales revenue, ASUS reported a revenue of $35.6 billion in 2020, while GIGABYTE Technology reported a revenue of $7.7 billion in the same year. These figures highlight the strong financial performance of both companies and their significant presence in the eGPU market. Overall, the eGPU market is expected to continue growing in the coming years, with companies like ASUS and GIGABYTE Technology leading the way in innovation and product development.
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Name: Mahesh Patel
Phone: +1 507 500 7209
Email: sales@reportprime.com
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