GPU Market Size 2019 Key Insights, Industry Global Revenue, Historical & Forecast Period 2019 – 2024

The key factors driving the GPU market growth include the rising adoption of GPUs in the healthcare sector, rapidly evolving PC gaming landscape with the advent of interactive Virtual Reality (VR) games.

The GPU market is set to grow from its current market value of more than $12 billion to over $80 billion by 2024; as reported in the latest study by Global Market Insights, Inc. GPUs are highly optimized for data-parallel and throughput computing wherein more transistors are dedicated for computation and the overall architecture is tolerant of memory latency. They are specialized microprocessors that are primarily designed for quick & effective image rendering. Modern GPUs provide superior memory bandwidth, processing power, and efficiency over their CPU counterparts. GPUs enable a richer gaming experience for PC gaming where onboard graphics solutions cannot match the performance of dedicated graphics cards to deliver a rich video output along with excellent performance in terms of interactive input/output.

The rapidly growing adoption for high-precision, graphics-oriented applications in the automobile and healthcare sectors is certain to fuel GPU market growth in the forthcoming years. GPUs have become an essential part of today’s mainstream computers and mobile devices and have been characterized by remarkable advancements with respect to performance and capabilities. The product successfully offers added support for analyzing complex datasets in a quick manner and is increasingly gaining traction in almost all consumer electronics straight from laptops, PCs and smartphones to car infotainment systems and latest digital systems.

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The key factors driving the GPU market growth include the rising adoption of GPUs in the healthcare sector, rapidly evolving PC gaming landscape with the advent of interactive Virtual Reality (VR) games, and the growing popularity of GPUs for machine learning and neural network training applications. In applications involving machine learning and Big Data analytics, GPUs are highly efficient when compared with CPUs as they enable excellent multiple parallel processing. With 10-100x application throughput and thousands of computational cores compared to CPUs, GPUs are preferred by scientists and data analysts who require massive Big Data processing capabilities.

Another application vertical that will help propel GPU market is healthcare, owing to the demand for precision medicine and value-based healthcare. Real-time data has become more vital for healthcare organizations as clinicians seek more accurate information for diagnosing patients during their initial visit. Reports claim that healthcare providers and life science firms are among the 92% of the cross-industry organizations that plan to invest in near real-time big data analytics applications in the future. For instance, in April 2018, tech giant Google announced plans to reinvent the healthcare industry of U.S. with a focus on big data and AI. The company is reportedly using its know-how in AI to create a new system for the detection, diagnosis, and treatment of diverse diseases, that certainly will require GPUs for processing complex data, further augmenting the growth of the GPU market.

Players operating in the GPU market are collaborating with technology service providers to integrate advanced technologies into their products. IBM, Intel, Advanced Micro Devices, and other chipmakers are investing significantly in R&D to offer better performing chips that can crunch huge data sets used in AI and machine learning applications such as image & voice recognition. As the demand for high power computing to represent complex graphical objects and animations increases, the uptake of advanced GPUs is likely to accelerate swiftly over the forecast timeline.

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Asia Pacific held the majority share of the GPU market in 2017 accounting for over 34% and is expected to maintain market dominance throughout the forecast period. The extensive penetration of PC games in countries including Japan, China, and South Korea is driving the massive uptake of dedicated GPUs in this region. The Japanese gaming market is the third largest in the world due to the continued success of several mobile gaming companies in the country. Japanese gamers spend more than players in any other country. The average spending per Japanese player is approximately 2.5 times higher than that in western Europe and nearly 1.5 times higher than that in North America.

Some of the most preferred brands that have made a mark in the GPU market include Nvidia, AMD, Intel, Microsoft, Google, IBM, PTC, Qualcomm, and S3 Graphics. GPU chip makers have been making heavy investments in addition to forging partnerships for developing new and better performing products. For instance, in January 2019, Nvidia announced its partnership with luxury carmaker Mercedes-Benz to develop a new automotive AI platform that could effectively offer control to the automaker’s electronic gears equipped in its new car segments.

Some Points from Table Of Content: –

Chapter 7 GPU Market, By Application

7.1 Key trends, by application
7.2 Gaming
7.2.1 Gaming market size Gaming market size, by component Gaming market size, by GPU type Gaming market size, by deployment model
7.3 Design & manufacturing
7.3.1 Design & manufacturing market size Design & manufacturing market size, by component Design & manufacturing market size, by GPU type Design & manufacturing market size, by deployment model
7.4 Automotive
7.4.1 Automotive market size Automotive market size, by component Automotive market size, by GPU type Automotive market size, by deployment model
7.5 Real-estate
7.5.1 Real-estate market size Real-estate market size, by component Real-estate market size, by GPU type Real-estate market size, by deployment model
7.6 Healthcare
7.6.1 Healthcare market size Healthcare market size, by component Healthcare market size, by GPU type Healthcare market size, by deployment model
7.7 Others
7.7.1 Others market size

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