Graphics Processing Unit Market Growth Accelerated by Rise in Demand from Gaming and Data Centers
Graphics Processing Unit Market Growth Accelerated by Rise in Demand from Gaming and Data Centers
The global Graphic Processing Unit Market is estimated to be valued at US$ 41.46 Bn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Graphic processing units, also known as graphics cards, are integral parts of computers that help accelerate the rendering of 3D images and boost performance for graphic-intensive applications. GPUs enable stunning visuals for computer games, support complex scientific research requiring high computation, and power artificial intelligence applications. The demand for high-performance gaming, growing eSports industry, increasing AI workloads, and larger data analysis needs have fueled the adoption of GPUs. 

Market key trends

The rise in demand from the gaming and data center industries has been a major factor driving the 18% CAGR projected for the GPU market during the forecast period. Gamers increasingly seek out higher resolution and frame rate experiences requiring more powerful GPU hardware. Meanwhile, data centers supporting cloud services, data analytics, and AI applications require GPU acceleration to handle massive workloads efficiently. This trend of GPU adoption in industries characterized by exponential data growth is expected to continue propelling the market during the forecast period from 2023 to 2030.

Segment Analysis

The global graphic processing unit market is dominated by the discrete graphics segment. Discrete graphics chips or graphic cards are installed separately from the motherboard to power graphics-intensive applications like gaming, content creation, and data visualization. Being equipped with more VRAM and higher processing capabilities, discrete GPUs are preferred for tasks requiring high-performance graphics rendering over integrated graphics on motherboards. The increasing adoption of GPUs for cryptocurrency mining has also boosted discrete graphics sales in recent years.

Key Takeaways

The Global Graphic Processing Unit Market Demand is expected to witness high growth over the forecast period. Growing demand for gaming PCs and workstations has increased the uptake of high-performance GPUs worldwide.

Regional analysis: Asia Pacific region, China contributes significantly to the graphic processing unit market share due to the region's thriving gaming industry and presence of leading GPU manufacturers. The growing urban population and rising income levels in countries like China, India, and Japan are fueling gaming PC sales in the region.

Key players operating in the graphic processing unit market include Nvidia Corporation, AMD Inc., and Intel Corporation. Nvidia dominates the high-end graphics card market with its GeForce and Quadro series of GPUs widely used for gaming and content creation applications. AMD competes with Nvidia through its Radeon lineup of graphics cards popular among PC gamers looking for strong performance at affordable prices. Intel provides integrated graphics solutions for mainstream PCs and workstations.

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