Graphic Processing Unit Market Size, Share, Trends, Growth and Forecast 2034

Graphic Processing Unit Industry Prospective:

The global graphic processing unit market size was worth around USD 61.95 billion in 2024 and is predicted to grow to around USD 752.22 billion by 2034, with a compound annual growth rate (CAGR) of roughly 28.36% between 2025 and 2034.

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Graphic Processing Unit Market: Overview

A graphic processing unit (GPU) is the image and graphic-processing unit of a computer system. They are also known as graphic cards or video cards. One of the major applications of a GPU in a computer setup is to provide high-resolution and clear videos, images, and other forms of graphics.

In addition, they are also used to process video effects that affect the overall impact of the graphics. During the forecast period, the demand for GPUs is expected to continue growing driven by multiple factors.

For instance, the gaming industry encourages GPU providers to invest significantly in research and development (R&D) to develop more powerful units.

Furthermore, the application of video cards in training Artificial Intelligence (AI) models, developing state-of-the-art medical devices, and crypto mining will play a crucial role in shaping the overall revenue in the industry.

A major drawback for the industry players will be the change in supply chain measures for advanced semiconductors required for producing GPUs and the change in trade relationships among semiconductor producers and seekers.

Key Insights:

• As per the analysis shared by our research analyst, the global graphic processing unit market is estimated to grow annually at a CAGR of around 28.36% over the forecast period (2025-2034)
• In terms of revenue, the global graphic processing unit market size was valued at around USD 61.95 billion in 2024 and is projected to reach USD 752.22 billion by 2034.
• The graphic processing unit market is projected to grow at a significant rate due to the rising applications of GPUs in the gaming industry.
• Based on the component, the hardware segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the deployment, the cloud segment is anticipated to command the largest market share.
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period.

Graphic Processing Unit Market: Growth Drivers

Rising applications of GPUs in the gaming industry to fuel market expansion rate

The global graphic processing unit market is expected to be driven by the rising device applications in the gaming industry. Graphic processing units are one of the most crucial tools required for creating complex visual information on gaming computers and laptops. The overall performance of GPUs is directly proportional to the gaming experience of a user.

The modern GPU solutions are designed to render and process visual animation in 2D and 3D formats, making it a highly anticipated technology that will enable the adoption of virtual reality (VR) and augmented reality (AR) in the gaming industry.

In January 2025, NVIDIA announced the launch of the NVIDIA Blackwell GeForce RTX 50 Series. The advanced GPUs offered through the new launch are expected to help creators, gamers, and developers provide the global gaming sector with offerings.

Furthermore, the GeForce RTX 50 Series will be powered by AI and will render digital human technologies, lighting, and geometry. The increasing adoption of VR and AR-based gaming tools necessitates the use of cutting-edge GPU systems capable of meeting the expectations of the evolving gamer groups worldwide.

Increasing rate of cryptocurrency mining to act as a critical growth propeller in the future

Graphic processing units are core components of a computing system in the case of crypto mining. GPUs are used to process extremely complex mathematical equations required to secure the blockchain and carry out transactions. The process of solving complex mathematical problems in the crypto ecosystem is known as hashing. Since GPUs offer the advantages of parallel processing, they are considered ideal for crypto mining.

During the forecast period, the global graphic processing unit market is projected to benefit as more people invest in cryptocurrencies worldwide. The ongoing government-backed acceptance of cryptocurrencies for legitimate transactions will further encourage more people to invest in crypto accounts.

According to 2024 findings, around 7% of the world population currently owns some form of cryptocurrency, reflecting an increase of over 35% from 2024.

Graphic Processing Unit Market: Restraints

Disruptions in semiconductor supply chain to restrict market growth trajectory during the forecast period

The global graphic processing unit industry is projected to be restricted due to the disruptions in the production and supply of semiconductors, especially advanced chips.

Since the pandemic, the global electronics industry has witnessed unprecedented levels of growth putting the semiconductor manufacturing sector under pressure.

Furthermore, production complications of advanced semiconductors continue to affect the final supply of GPUs and also force an increase in market prices. These factors, in combination, will continue affecting the industry’s final growth rate.

Graphic Processing Unit Market: Opportunities

Surging investment in AI training to create growth opportunities for the industry players

The global graphic processing unit market is expected to generate growth opportunities due to the growing investment in training new Artificial Intelligence models and tools. GPUs are essential for AI training since they promote parallel processing of extremely complex mathematical data with ease

. In March 2025, Foxconn Technology Group, one of the world’s largest electronics contract manufacturers, announced the launch of a Chinese large language model (LLM) trained on traditional characters as the company aims to encourage the use of AI across factories.

According to official reports, the training process will be powered by 120 Nvidia H100 graphics processing units as Foxconn plans to bring revolutionary changes by using AI in the manufacturing process.

Similarly, in February 2025, the central government of India announced its plans to launch the IndiaAI Compute Portal, which will allow relevant stakeholders to request computer capacity using the tool. Development of the IndiaAI Computer Portal will be facilitated by 14,000 GPUs provided by 10 companies. The AI race has gained the next level of innovation-led momentum by introducing a new AI platform by DeepSeek that is built on a reasonably priced cost compared to other LLM models.

Graphic Processing Unit Market: Challenges

High cost of production and risk of Intellectual Property (IP) theft among some of the leading challenges for industry players

The global graphic processing unit industry is expected to be challenged by the high cost of production of advanced GPUs. In addition, the risk of IP theft continues to impact the innovation rate in the industry.

Some common forms of IP theft include leaks of trade secrets and unauthorized use of technologies patented by other companies. For instance, in a recent event, NVIDIA claimed that certain Chinese companies copied the brand’s GPU trade secrets.

Graphic Processing Unit Market: Report Scope

Graphic Processing Unit Market: Segmentation

The global graphic processing unit market is segmented based on component, type, deployment, and region.

Based on the components, the global market segments are services, software, and hardware. In 2024, the highest growth was listed in the hardware segment, which dominated over 54.05% of the total market share. Graphic processing units are made of dedicated memory that allows faster data processing.

The growing demand for advanced GPUs with applications across industries, including the automotive sector, gaming, and other markets, will promote higher segmental growth in the future. During the forecast period, the services segment is expected to deliver a CAGR of over 30.01%.

Based on type, the global graphic processing unit industry is divided into hybrid, discrete, and integrated.

Based on the deployment, the global market segments are on-premises and cloud. In 2024, the highest revenue-generating segment was the cloud, which accounted for nearly 60.02% of the total market share. The growing adoption of cloud-based solutions across technology companies is fueling segmental revenue. The emergence of the GPUs-as-a-Service (GaaS) sector is helping promote higher growth in the cloud segment as it offers several advantages over its on-premises counterparts.

Graphic Processing Unit Market: Regional Analysis

Asia-Pacific to stay consistent in results during the forecast period

The global graphic processing unit market will be dominated by Asia-Pacific during the forecast period. The region is anticipated to deliver a CAGR of over 27.05% by the end of the forecast period. Countries such as China, Taiwan, South Korea, and India will play a crucial role in supporting regional dominance.

The presence of a robust and fast-expanding ecosystem for the production of electronic components is the leading factor for Asia’s prominence in the GPU sector.

Taiwan, for instance, is responsible for manufacturing more than 90% of all advanced semiconductors used by regional and international customers across industries. The growing use of cutting-edge GPU models across major growing sectors such as automotive and space exploration, as well as the demand for high-performance computing devices, will fuel regional market expansion.

North America is expected to deliver a steady rise in income. The US government is increasingly spending money on decoupling with China to export chips and other electronic items, encouraging regional players to navigate the demand for GPUs and other processing parts of computer systems.

Additionally, increased AI spending, along with the growing construction of new data centers and the use of VR in gaming or medical sectors, will further encourage regional market expansion.

Graphic Processing Unit Market: Competitive Analysis

The global graphic processing unit market is led by players like:

• Samsung Electronics
• NVIDIA
• Gigabyte Technology
• Imagination Technologies
• Advanced Micro Devices (AMD)
• EVGA Corporation
• Intel Corporation
• Broadcom
• ZOTAC
• ARM Holdings
• ASUS
• Qualcomm
• S3 Graphics
• MSI
• Matrox

The global graphic processing unit market is segmented as follows:

By Component

• Services
• Software
• Hardware

By Type

• Hybrid
• Discrete
• Integrated

By Deployment

• On-Premises
• Cloud

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa