Global Graphics Processing Unit (GPU) Market Size, Share, Growth and Trend Analysis Report, 2032

Summary
Market Landscape
Methodology
Table of Content

Global Graphics Processing Unit (GPU) Market Size, Share & Growth and Trend Analysis Report, By Type (Dedicated, Integrated, Hybrid), By Device (Computer, Tablet, Smartphone, Gaming Console, Television and Others), By End-User (Electronics, IT and Telecommunication, Defense and Intelligence, Media and Entertainment, Automotive and Others), By Region (Asia Pacific, Europe, North America, Latin America and Middle East & Africa) and Forecasts 2024 – 2032

The Global Graphics Processing Unit (GPU) Market is projected to be valued at USD XX billion in 2024 and is expected to grow to approximately USD XX billion by 2032, with a compound annual growth rate (CAGR) of approximately 28% from 2025 to 2034.

Industry Trends

The key factor driving the growth of Global Graphics Processing Unit (GPU) market is the rise in cloud computing services. Major cloud providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud are utilizing GPU-powered infrastructures to improve their service offerings.

The gaming and entertainment sectors present significant growth opportunities, as there is an increasing demand for cloud gaming and virtual reality (VR) experiences.

These industries require high-performance graphics, leading data centers to adopt GPUs to support low-latency gaming and immersive entertainment.

While semiconductor shortages and geopolitical tensions affect GPU availability and pricing, companies are responding by localizing supply chains and investing in chip manufacturing capacity, which could help stabilize the market in the long term.

Industry Expert’s Opinion

Hanna Dohmen, CSET Research Analyst

“GPUs are able to do more computations per unit of energy consumed by being able to incorporate huge numbers of smaller and smaller transistors.”

Conrad Sanderson, Research Scientist & Team Leader, CSIRO

“As the world rushes to make use of the latest wave of AI technologies, one piece of high-tech hardware has become a surprisingly hot commodity: the graphics processing unit, or GPU.”

TT Consultants’ Perspective

The global GPU market is set for strong growth, driven by increasing demand across sectors like gaming, artificial intelligence (AI), and data centers. GPUs are essential for machine learning, 3D rendering, cloud computing, and healthcare, with growing opportunities in VR, AR, and cloud gaming.

Challenges such as semiconductor shortages and geopolitical tensions could affect supply and pricing. However, companies are addressing these issues by expanding manufacturing and localizing supply chains.

The Asia Pacific region is expected to lead growth, while North America remains dominant due to its focus on AI and tech innovation.

As GPUs continue to support a wide range of applications, the market is poised for sustained demand and innovation.

Market Segmentation

1. By Type (Dedicated, Integrated, Hybrid)

The hybrid segment is projected to experience the highest compound annual growth rate (CAGR) during the forecast period due to its growing popularity and ability to deliver outstanding performance in both professional and gaming applications.

With technological advancements, these GPUs can efficiently switch between dedicated and integrated graphics depending on workload demands, ensuring optimal performance and energy efficiency.

In contrast, the integrated segment held the largest market share of XX% in 2024, driven by its widespread use in compact, lightweight systems like desktops and laptops.

Integrated GPUs, being part of the processor, typically consume less power and generate less heat, contributing to longer battery life.

2. By Device (Computer, Tablet, Smartphone, Gaming Console, Television and Others)

In 2024, smartphone devices became the leading segment with a revenue of USD XX Bn in the global GPU market, and this trend is expected to continue throughout the forecast period.

The growth of this segment is driven by the high demand for durable, power-efficient GPUs, which has contributed to the rise of integrated GPUs in smartphones.

Furthermore, the growing use of smartphones for gaming has increased the demand for high-performance computing systems capable of handling graphics-intensive gaming applications.

3. End-User (Electronics, IT and Telecommunication, Defense and Intelligence, Media and Entertainment, Automotive and Others)

In 2024, the IT and telecommunication segment generated the highest revenue share of XX% in the global GPU Market, with GPUs playing a key role in transforming telecommunication services.

They have driven advancements in IT and telecommunications, including the integration of wireless technology across telecom services.

The defense and intelligence segment is expected to experience the highest CAGR of xx% during the forecast period.

GPU-powered computing solutions are becoming increasingly important in modern military and aerospace applications, as they leverage the potential of Artificial Intelligence (AI), big data, and IoT technologies.

4. By Region (North America, Europe, Asia Pacific, Latin America, Middle East Africa)

In 2024, North America held the largest market share of xx%, driven by increasing demand for GPUs across sectors like 3D modelling, rendering, and technologies such as machine learning, artificial intelligence, and generative AI.

The Asia Pacific region is expected to experience the highest CAGR of approximately XX% during the forecast period, as ongoing improvements in GPU design and construction contribute to rapid infrastructure growth.

Enhanced GPU capabilities are boosting processing speeds for specialized effects, leading to increased adoption across the region.

Europe's GPU market share is projected to grow significantly during the forecast period, with the region offering numerous opportunities for international companies to expand their presence.

Competitive Scenario

Leading market players, including NVIDIA Corporation, Advanced Micro Devices (AMD), Intel Corporation, ASUSTeK Computer Inc., GIGA-BYTE Technology Co., P.C. Partner Group Limited, EVGA, SAPPHIRE Technology Limited, SAMSUNG, and Imagination Technologies, are focused on providing cutting-edge, technology-driven GPUs.

Recent Developments and Strategic Activities:

In April 2024, AMD introduced the Ryzen 8000G, featuring integrated graphics, Ryzen AI, and the addition of 5000 series processors.
In March 2024, AWS strengthened its partnership with NVIDIA to advance generative AI innovation. AWS will offer Grace Blackwell with NVIDIA’s GPU-powered Amazon EC2 instances and NVIDIA DGX Cloud to accelerate the performance of developing and processing inferences on large language models (LLMs).
In March 2024, NVIDIA Healthcare launched GPU-accelerated microservices and NVIDIA NIM for biology, imaging, healthcare data, and chemistry within the NVIDIA GDX cloud. These generative AI microservices aim to enhance digital health, MedTech, and drug discovery.
In January 2024, AMD unveiled next-generation GPUs and AI processors for gamers in 2024. The AMD Radeon 7600 XT (8GB and 16GB) targets the low and mid-tier gaming market, especially those who haven’t upgraded their gaming hardware in recent years.
In September 2023, Asus debuted the Cable-Less GPU, RTX 4070 BTF, in Asia, which includes the Tianxuan TX Gaming graphics card, a cableless GPU, and two new B760 motherboards, likely limited to the Asian market.
In February 2023, Vultr introduced the NVIDIA A16 to its A100, A40, and Fractional GPU product lineup. This addition provides customers with access to high-performance virtual desktop infrastructure (VDI) powered by NVIDIA GPUs, allowing users to pay only for their actual usage.