Global graphics processing unit market is estimated to generate a CAGR of 33.5% during forecast period (2022-2030). Global graphics processing unit market is primarily driven by rising number of graphic intensive games and technological advancements in GPUs. Growing development of graphics intensive games is necessitating adoption of GPUs to deliver high-end resolution and better experience. Companies in global graphical processing unit market are investing huge capital and performing research and development activities to enhance performance of graphical processing chips, focus on miniaturization and reduce the power consumption coupled with more cost-effective solutions.

Global graphics processing unit market has been segmented on the basis of type, devices and industry verticals. Smartphones segment is expected to account largest share in terms of revenue with around 33.86% market share. Smartphone segment is driven by growing smartphone penetration globally, increasing online media consumption and increasing mobile gaming industry. Most of the smartphone manufacturers have acquired license for embedding other manufacturers’ SoCs that comes integrated with GPU.

Hybrid graphics processing unit market is projected to grow at highest pace with a CAGR of 34.0% during the forecast period. Hybrid graphics processing unit market is primarily driven by adoption of hybrid GPU’s by laptop and PCs manufacturers owing to its ability to combine high-end and low-end GPUs. This is promoting the market growth of hybrid graphics processing units during the forecast period.

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Tablet graphics processing unit market is projected to grow fastest in market at CAGR of 33.9% during the forecast period. Tablet graphics processing unit market is primarily driven by popularizing mobile games across the globe. Over, 20% revenue of mobile gaming is from tablet games. Furthermore, tablets are also gaining adoption amongst gamers owing to their portability as compared to other gaming consoles and bigger screen size compared to smartphones that provides better gaming experience to gamers. 

IT & Telecommunication segment in graphics processing unit market is projected to grow fastest with CAGR of 34.0% during the forecast period. IT & Telecommunication segment is primarily driven by deployment for 3D visualization of geospatial data in IT & telecommunications industry and growing IT and Telecom market.

China accounts the largest share and is projected to grow with CAGR of 34.1% during the forecast period. China Graphics processing unit market is primarily driven by growing gaming sector, computer market and growing smartphones industry across the country. India graphics processing unit market is projected to grow at highest pace with a CAGR of 34.7% during the forecast period. India graphics processing unit is primarily driven by growing machine learning and artificial intelligence market; used by data centers to develop graphic intensive games, mobile apps and growing media & entertainment industry.

Product launch is the primary strategy adopted by companies in global graphics processing unit market. Product launch enables the companies to increase its market share by strengthening its product portfolio. Collaboration & partnership is the secondary strategy adopted by companies in global graphics processing unit market. Top companies in this market include Qualcomm Inc, Samsung Electronics, Nvidia Corporation, Intel Corporation and Advanced Micro Devices.

KEY MARKET MOVEMENTS

• Global graphics processing unit market is estimated to generate a CAGR of 33.5% during forecast period (2022-2030).
• Smartphones segment is expected to account largest share in terms of revenue with around 33.86% market share.
• Hybrid graphics processing unit market is projected to grow at highest pace with a CAGR of 34.0% during the forecast period.
• China accounts the largest share and is projected to grow with CAGR of 34.1% during the forecast period.
• India graphics processing unit market is projected to grow at highest pace with a CAGR of 34.7% during the forecast period.
• Product launch is the primary strategy adopted by companies in global graphics processing unit market.
• Top companies in this market include Qualcomm Inc, Samsung Electronics, Nvidia Corporation, Intel Corporation and Advanced Micro Devices.