According to analysts at Skygaze Market Research, the GPU Market is expected to reach USD 256 Billion by 2030, growing at a CAGR of 33.5 between 2023 to 2030. Graphics processing units (GPUs) have become a very effective tool for technological development, fuelling the digital revolution across an array of sectors and applications. GPUs are recognized for their ability to create visually immersive images for video games and special effects, but they have also evolved into parallel processing powerhouses that are unmatched in their ability to execute complex computations.
Governments render protection of the discoveries, designs, and patents created by GPU manufacturers by putting in place and upholding strong legal frameworks. This hinders intellectual property infringement and creates an environment that is favorable for ongoing research & development. These safeguards also create a competitive environment that promotes investment, innovation, and technological development; ensuring the GPU market's expansion and sustainability in the face of global difficulties.
The GPU market is highly competitive on a worldwide scale, with considerable regional growth contributions. However, in North America, the U.S. specifically has dominated the GPU industry. In 2022, the Asia-Pacific region will dominate the global market for graphics processing units, and it is anticipated that it will continue to hold this position during the forecast period. Additionally, a lot of merchants are investing in the Indian market. For instance, Acer introduced brand-new servers with NVIDIA Tesla GPUs in India. Up to eight NVIDIA Tesla V100 32GB SXM2 GPU accelerators can be installed on the server, with each GPU pair having a PCIe slot for high-speed connectivity. Moreover, the Fenghua GPU reached a critical milestone in terms of widespread acceptance in China. In November 2021, Xindong Technology and Innosilicon announced the GPU.
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KEY FINDINGS
● Considering a compound annual growth rate (CAGR) of 7.1%, the worldwide computer hardware market will increase from USD 658.32 Billion in 2022 to USD 705.17 Billion in 2023. The GPU industry will be propelled by the computer hardware market, which is anticipated to rise at a CAGR of 6.6% to USD 909.8 Billion in 2027.
● There were fewer than ten digital gaming firms in India. However, there were 140 of them in 2021. In 2021, the number of gamers also surpassed the USD 90 Million threshold. These qualities aid in the expansion of the GPU market.
● Due to the spread of the coronavirus, the COVID-19 pandemic had a detrimental effect on the integrated and hybrid GPU market size for the year 2022, causing a 2% to 3% departure in growth expectations.
A strong technology industry exists in North America, including well-known GPU producers like NVIDIA and AMD that have significantly influenced the market. Overall, the market for extremely efficient GPUs is controlled by Nvidia and AMD. The heated competition between Nvidia and AMD for GPU supremacy is influencing the direction of graphics technology. Other competitors like Intel, ARM Limited, Qualcomm, Imagination Technologies Group, VeriSilicon (Vivante), VIA Technologies, Matrox, and SiS are the top firms in the graphic processing unit industry. Another notable business in the design & development of microprocessors is ARM Limited. A versatile GPU for mass-market smartphones has recently been announced, offering up to 100% greater performance and 22% more energy efficiency than Mali-G57. Similarly, The Intel Nervana Neural Network Processors were unveiled by Intel, and they are intended to speed up deep learning workloads at scale and allow new AI applications in a variety of industries.
Nvidia controlled 80% of the discrete market in 2020. In January 2022, Nvidia introduced the brand-new GeForce RTX 3050 GPU. It is intended to make it possible for PCs to run the newest games and will be available for USD 249. Also announced by Nvidia is the powerful GeForce RTX 3090 Ti GPU, which the company claims performs better than the RTX 3090, which cost USD 1,499 earlier. Nvidia declared in September 2020 that it has reached an agreement with SoftBank Group Corp to buy Arm for USD 40 Billion. The popularity of AMD's GPUs has grown as they are increasingly regarded as a competitive alternative. From entry-level smartphones to visually appealing, high-performance Android OS tablets and Smart TVs, these Arm Immortalis GPUs offer the best visual experience across a variety of devices.
Two companies have dominated the market for desktop graphics cards for many years: AMD (formerly ATI) and Nvidia. In 2022, Intel made the decision to join those fiercely fought seas with its Arc series of GPUs and comparable specialized laptop products. A report on the market share of graphics cards claims that by the end of the 2022 calendar year, Intel had successfully taken 9% of sales of dedicated desktop GPUs, matching AMD's market share for the same period. This acquisition is also expected to enhance demand for Microsoft's Xbox goods, which could hasten the company's expansion of its gaming business across mobile, PC, console, and cloud platforms.
The graphic processing unit (GPU) market is segmented as follows:
By Product Type (Revenue: USD Billion, 2018 – 2030)
● Dedicated
● Integrated
● Hybrid
By Component (Revenue: USD Billion, 2018 – 2030)
● Hardware
● Software
By Application (Revenue: USD Billion, 2018 – 2030)
● Desktop
● Mobile/PC
● Workstation
● Servers/Datacenter
● Automotive/Self-Driving Vehicles
By Region (Revenue: USD Billion, 2018 – 2030)
● North America
o U.S.
o Canada
o Mexico
● Europe
o U.K.
o France
o Germany
o Italy
o Spain
o Rest of Europe
● Asia Pacific
o China
o Japan
o India
o South Korea
o South East Asia
o Rest of Asia Pacific
● Latin America
o Brazil
o Argentina
o Rest of Latin America
● Middle East & Africa
o GCC Countries
o South Africa
o Rest of Middle East & Africa
