Graphic Processing Unit (GPU) Market – Trends Forecast Till 2031

Market Snapshot

Market Overview

The global Graphic Processing Unit (GPU) Market size was estimated at USD 89,430 million in 2024 and is projected to reach USD 70,8399.2 million in 2031 at a CAGR of 34.40 % during the forecast period 2025-2031.

The Graphic Processing Unit (GPU) market refers to the industry focused on the development, manufacturing, and distribution of GPUs, which are specialized hardware components primarily used for rendering images and video. GPUs have evolved beyond their initial role in graphics rendering, with modern units now being utilized in diverse fields such as artificial intelligence, machine learning, cryptocurrency mining, and scientific computing. As the demand for high-performance computing continues to rise across various sectors, GPUs have become essential for tasks requiring parallel processing capabilities.

The scope of the GPU market spans across a wide range of applications including gaming, data centers, automotive, and professional workstations. With the increasing popularity of video games, esports, and virtual reality (VR), the gaming sector remains one of the most prominent contributors to GPU demand. Moreover, industries such as healthcare and financial services are leveraging GPUs for tasks like data analysis, simulations, and real-time decision-making processes. Additionally, the increasing use of GPUs in cloud computing and data centers for high-performance workloads is expanding the market's reach into new areas.

Trends shaping the GPU market include the growing adoption of GPUs for AI and machine learning workloads, where GPUs are used to accelerate data processing and model training. Another significant trend is the development of GPUs designed for specific industries, such as automotive and healthcare, where unique processing power is needed for applications like autonomous vehicles and medical imaging. Furthermore, the rise of integrated GPUs in consumer devices, such as laptops and mobile phones, is making high-performance graphics more accessible and affordable to a broader audience.

Key drivers of the GPU market include the surge in demand for high-quality gaming experiences, the rapid advancements in AI and deep learning, and the expansion of cloud-based services. The increasing use of GPUs in data centers is fueled by the growing need for faster and more efficient processing of large datasets. Additionally, the rise of cryptocurrency mining has created a significant market for high-performance GPUs, which are essential for efficiently solving complex cryptographic puzzles. As technology continues to advance, the GPU market is expected to witness continuous innovation and growth.

Delvens Industry Expert's Standpoint

Experts in the Graphic Processing Unit (GPU) Market highlight several key trends driving growth and innovation. The GPU market has expanded significantly beyond its original focus on graphics rendering, now playing a crucial role in various industries like gaming, artificial intelligence, machine learning, cryptocurrency mining, and data centers. The increasing demand for high-performance computing, driven by advancements in gaming, AI workloads, and cloud computing, is a key factor in market growth. Trends such as the use of GPUs in specialized sectors like healthcare and automotive, along with the rise of integrated GPUs in consumer devices, are shaping the industry. Additionally, the surge in cryptocurrency mining and the need for faster data processing in data centers continue to drive the market forward, with innovation expected to sustain its growth.

Market Portfolio

Key Findings

• Discrete GPUs are standalone graphics cards that provide high performance, often used in gaming, professional workstations, and high-end computing applications. These GPUs offer superior processing power and are preferred for demanding tasks such as 3D rendering, AI workloads, and real-time gaming. Integrated GPUs, on the other hand, are embedded within the CPU and offer a more cost-effective solution for everyday computing needs, such as office work and casual gaming. They are commonly found in laptops, budget desktops, and other compact devices where high-end graphics performance is not a priority. Hybrid GPUs combine the features of both discrete and integrated GPUs, providing a balance between power efficiency and performance, and are typically found in mid-range devices or mobile platforms, where space and energy efficiency are essential.

• The applications segment of the GPU market includes diverse sectors, each benefiting from GPU technology in unique ways. Mobile devices are a rapidly growing segment, with GPUs being crucial for powering high-quality gaming experiences, multimedia applications, and augmented reality (AR) in smartphones and tablets. In PCs and workstations, GPUs play a key role in enhancing graphics-intensive tasks such as video editing, 3D modelling, and scientific computing. The servers and data centre segment is increasingly important as GPUs are essential for accelerating cloud gaming, AI, machine learning, and big data analytics, providing significant computational power for these high-demand tasks. In the automotive sector, GPUs are critical for powering autonomous driving systems, real-time data processing, and Advanced Driver Assistance Systems (ADAS), as self-driving vehicles require high-performance graphics for navigating complex environments.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America region is projected to hold the largest market share. Factors such as increasing demand for high-quality gaming, AI and machine learning applications, cloud gaming platforms, mobile gaming, autonomous vehicles and ADAS, high-performance computing in data centres, esports, content creation, VR/AR applications, integrated and hybrid GPU solutions, and cryptocurrency mining have triggered the Graphic Processing Unit (GPU) Market in the region.

Regional Analysis

North America to Dominate the Market

• Asia Pacific holds a significant share of the global graphics processing unit (GPU) market and is expected to experience substantial growth in the coming years. Mobile gaming is a dominant force in the region, with a large percentage of gamers playing on smartphones. India, as the largest gaming market, has a user base of over 560 million gamers and contributes a significant portion of global mobile game downloads. This growing mobile gaming sector is driving the demand for GPUs capable of delivering high-quality graphics, prompting companies like MediaTek and Qualcomm to invest in developing more powerful mobile GPUs, making the region a hub for mobile GPU innovation.

• The United States remains a major market for cloud gaming, with platforms such as NVIDIA GeForce NOW, Google Stadia, and Microsoft xCloud allowing users to stream high-quality games without the need for powerful local hardware. This trend is fueling investments in data centers equipped with advanced GPUs for real-time game rendering. Furthermore, the rising popularity of game streaming and content creation on platforms like Twitch and YouTube is increasing the demand for GPUs that can handle real-time rendering, video encoding, and processing. This growing need for GPUs in both personal devices and data centers continues to drive market expansion.

• In Europe, the automotive sector is witnessing a surge in demand for high-performance GPUs due to significant investments in autonomous vehicles and Advanced Driver Assistance Systems (ADAS) by major manufacturers like BMW, Volkswagen, Daimler, and Volvo. As the automotive industry moves toward electric and autonomous vehicles, GPUs are crucial for real-time data processing and AI-based decision-making systems in these vehicles. This shift is driving the need for advanced GPU technologies to support the growing automotive sector's requirements, particularly in the fields of autonomous driving and electric vehicle development.

Competitive Landscape

• Advanced Micro Devices, Inc.
• Amazon Web Services Inc.
• ARM Holding
• Autodesk Inc.
• Imagination Technologies Group
• Intel Corporation
• Microsoft Corporation
• Nvidia Corporation
• Qualcomm Technologies
• Samsung Electronics Co. Ltd.

Recent Developments

• In January 2024, NVIDIA introduced the GeForce RTX 40 SUPER Series of GPUs, which includes the GeForce RTX 4080 SUPER, GeForce RTX 4070 Ti SUPER, and GeForce RTX 4070 SUPER. These GPUs, based on the latest Ada Lovelace architecture, are designed to enhance gaming experiences and drive AI-powered PCs, delivering up to 52 shader TFLOPS, 121 RT TFLOPS, and 836 AI TOPS, enabling the development of immersive entertainment worlds and advanced experiences.

• In November 2023, VMware Inc. teamed up with Intel Corporation to promote innovation in AI across various environments, including data centres, public clouds, and Edge. Their collaboration combines VMware Cloud Foundation with Intel's AI software suite, Intel Xeon processors featuring built-in AI accelerators, and Intel Max Series GPUs to provide a validated AI stack. This partnership aims to accelerate AI adoption by streamlining processes such as data preparation, model training, fine-tuning, and inferencing, thereby advancing scientific research and enhancing business and consumer services.

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• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope