Graphics Processing Unit Market Growth Potential & Forecast, 2032

Graphics Processing Unit Market is projected to cross USD 400 Bn by 2032, owing to the increasing demand for animation-based games such as FIFA and the increasing use of virtual reality headsets. A GPU performs rapid calculations to render graphics and images. GPUs use parallel processing to pace their operations, split tasks into smaller parts, and distribute them among multiple processor cores running within the same GPU.

GPUs were earlier used for rendering 2D and 3D images, videos, and animations, but now they are being deployed for various applications such as deep learning and big data analytics. The increasing popularity of virtual and augmented reality and developments in AI and machine learning are expected to drive the GPU market growth. Besides, the rising demand for high-performance GPUs will offer several growth opportunities to the market leaders in the future.

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Based on components, the software segment accounted for over USD 7 billion valuation in 2022. Enhanced gaming experiences, increased computer performance, better video and HD experiences, and better driver support are some of the key benefits slated to spur its adoption in the future.

By deployment mode, the cloud-based deployment segment will gain prominence throughout 2032. Modern, cloud-based decision intelligence offers several benefits as compared to traditional techniques. Besides, superior processing power, greater memory storage/bandwidth, strong data analysis and analysis of AI and ML, rapid advances in gaming and graphics, and easy integration into data centers are some of the key benefits offered by cloud-based GPUs, that will boost the market share in the ensuing years.

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Regionally, the Europe graphics processing unit market will hold over 20% market share by 2032. The region has been quite open to adopting new and innovative technologies. As per the estimates, the European economies will witness an exponential growth in IT device-based-generated data. In addition, the stringent norms and regulations for safeguarding the data will also positively favor the regional outlook.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Graphics Processing Unit (GPU) market industry 360ยบ synopsis, 2018 – 2032

2.2    Business Trends

2.2.1    Total addressable market (TAM) trends

2.2.1.1   Total Addressable Market (TAM), 2023 - 2032

2.2.2    Regional trends

2.2.3    Component trends

2.2.4    Deploment model trends

2.2.5    Application trends

Chapter 3   Graphics Processing Unit (GPU) Industry Insights

3.1    Impact of COVID-19 on the market

3.1.1    North America

3.1.2    Europe

3.1.3    Asia Pacific

3.1.4    Latin America

3.1.5    MEA

3.2    Russia-Ukraine war impact

3.3    Industry ecosystem analysis

3.3.1    Raw material and component suppliers

3.3.2    Manufacturers

3.3.3    Software and Technology providers

3.3.4    Service providers

3.3.5    Distribution channel

3.3.6    End user

3.3.7    Vendor matrix

3.3.8    Profit margin analysis

3.4    Technology & innovation landscape

3.5    Regulatory landscape

3.5.1    North America

3.5.2    Europe

3.5.3    Asia Pacific

3.5.4    Latin America

3.5.5    MEA

3.6    Industry impact forces

3.6.1    Growth Drivers

3.6.1.1   Increasing demand for high-memory GPUs across the globe.

                       3.6.1.2.    Extensive use of integrated GPUs into portable electronic devices

3.6.1.3   Changing demographics in the gaming industry is increasing the demand for GPU

3.6.1.4   Growing adoption for GPUs to support cloud-based analytics applications

3.6.1.5   Increasing demand of GPUs in healthcare applications

3.6.2    Industry pitfalls and challenges

3.6.2.1   Lack of technical expertise

3.6.2.2   High cost of GPUs

3.7    Key news and initiatives

3.7.1    Acquisitions & mergers

3.7.2    Product launches

3.7.3    Investment portfolio

3.8    Patent landscape

3.9    Growth potential analysis

3.10    Porter’s analysis

3.10.1    Bargaining power of suppliers

3.10.2    Bargaining power of buyers

3.10.3    Threat of new entrants

3.10.4    Threat of substitutes

3.10.5    Industry rivalry

3.11    PESTEL analysis

 

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