Accelerator Card Market Size

Global Accelerator Card Market Overview:

Accelerator Card Market Size was valued at USD 14.1 Billion in 2023. The Accelerator Card industry is projected to grow from USD 19.79 Billion in 2024 to USD 214.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 34.66% during the forecast period (2024 - 2032). Rise of data-intensive applications, performance enhancement, energy efficiency, cloud computing and data centers, AI and ML applications, gaming and entertainment, autonomous vehicles, block chain and cryptocurrency mining, advancements in AI hardware, competitive landscape, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Accelerator Card Market Trends

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  Block chain and Cryptocurrency Mining is driving the market growth

  
  

The market for accelerator cards has been significantly influenced by blockchain technology and bitcoin mining, particularly when it comes to graphics processing units (GPUs). As a result of the widespread adoption of blockchain technology, driven by digital currencies like Bitcoin and Ethereum, there is a huge need for computing capacity to carry out challenging cryptographic calculations and verify transactions on decentralized networks. Due to their strong parallel processing capabilities, accelerator cards—primarily GPUs—which are essential for bitcoin mining—have seen an increase in popularity as a result of this demand for processing capacity.

In order to validate and add new transactions to a blockchain, a mechanism known as proof-of-work (PoW) is used, which includes solving challenging mathematical challenges. The successful miner is rewarded with newly created coins and transaction fees. Miners compete to be the first to solve the cryptographic problem. However, as the mining process requires continuously hashing huge amounts of data until a particular target value is reached, it necessitates enormous computer power.

Because of their architecture, GPUs are perfect for mining cryptocurrencies because they can run hundreds of concurrent computations at once. Due to their capacity to process data in parallel, GPUs can process the repetitive hashing operations needed for mining faster than conventional CPUs. Because of this, miners immediately adopted GPUs as their preferred mining hardware, driving up demand for GPUs. The market for accelerator cards has had two effects as a result of cryptocurrency mining. First off, it has greatly increased GPU sales, creating a lucrative market for GPU producers. The demand for GPUs from both small-scale and large-scale mining operations surged, which boosted sales and the value of stocks for companies like NVIDIA and AMD.

GPU shortages are a result of the increased demand from miners, particularly when mining activity is particularly active or when new, extremely lucrative cryptocurrencies are introduced. Due to this shortage, GPU costs have increased, posing problems for gamers and other users who rely on GPUs for their processing requirements. In some cases, it sparked discussions about whether GPU makers ought to give gamers priority over cryptocurrency miners.

ASIC-based mining rigs gained popularity as a result of their extreme specialization—they were created only to mine particular cryptocurrencies. These gadgets outperform GPUs in terms of hashing power and energy efficiency, but because they can only be used for certain mining algorithms, they lack versatility. Thus, driving the Accelerator Card market revenue.

Accelerator Card Market Segment Insights:

Accelerator Card Processor Type Insights

The Accelerator Card Market segmentation, based on Processor Type, includes Central Processing Units (CPU), Graphics Processing Units (GPU), Field-Programmable Gate Arrays (FPGA), and Application-specific Integrated Circuit (ASIAC). The graphics processing units (GPU) segment dominated the market in 2022. The global market for graphics processing units has grown dramatically as a result of the demand for specialized processors capable of executing the complex mathematical calculations required by 2D and 3D graphics.

Accelerator Card Accelerator Type Insights

The Accelerator Card Market segmentation, based on Accelerator Type, includes High-performance Computing Accelerator and Cloud Accelerator. The cloud accelerator category generated the most income in 2022. This is a result of businesses using hybrid cloud and multi-cloud architecture more frequently. The category for HPC data centers is anticipated to have the highest CAGR of 32.0% during the projection period.

Figure 1: Accelerator Card Market, by Accelerator Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Accelerator Card Application Insights

The Accelerator Card Market segmentation, based on Application, includes Video and Image Processing, Machine Learning, Data Analytics, Mobile Phones, And Others. The machine learning category generated the most income in 2022. The expansion of the industry is attributed to the rising adoption of deep learning for certain use cases.

Accelerator Card Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Accelerator Card Market dominated this market in 2022 (45.80%). The rapid adoption of cutting-edge technologies like high-performance computing (HPC), augmented reality (AR), cloud computing, and edge computing, among others, as well as the emergence of several hyper-scale data centers and data businesses, are to blame for this. North America is expected to dominate the market due to the acceleration of hyper-scale data centers in the accelerator card sector. Further, the U.S. Accelerator Card market held the largest market share, and the Canada Accelerator Card market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Accelerator Card Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The Asia-Pacific Accelerator Card Market accounts for the second-largest market share. The introduction of 5G, the growth of OTT media services, the emergence of SMEs, and the development of data-hungry and -generating technologies like Machine Learning (ML) and IoT are some examples of this sector. Moreover, China’s Accelerator Card market held the largest market share, and the Indian Accelerator Card market was the fastest growing market in the Asia-Pacific region.

Europe Accelerator Card market is expected to grow at the fastest CAGR from 2024 to 2032. Artificial intelligence (AI) and machine learning (ML) technology use was increasing across a variety of industries in Europe, including healthcare, banking, automotive, and manufacturing. The demand for such hardware is fueled by these applications, which heavily rely on accelerator cards to quickly handle large amounts of data and algorithms. Further, the German Accelerator Card market held the largest market share, and the UK Accelerator Card market was the fastest growing market in the European region.

Accelerator Card Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Accelerator Card market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Accelerator Card industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Accelerator Card industry to benefit clients and increase the market sector. In recent years, the Accelerator Card industry has offered some of the most significant advantages to medicine. Major players in the Accelerator Card market, including NVIDIA Corporation, Intel Corporation, Leap Motion, Ditto Labs, Cypress Semiconductor Corporation., IBM, Alphabet Inc., Advanced Micro Devices, Inc, Achronix Semiconductor Corporation, Lenovo, SiliconBlue Technologies, Microsemi, Algolux, Oracle, Xilinx, Mad Street Den Inc, Lattice Semiconductor, and Vantis PLC. and others, are attempting to increase market demand by investing in research and development operations.

A firm that creates and develops system-on-a-chip, central computing, and graphics processing units is called NVIDIA Corp. (NVIDIA). The company's products are sold in the gaming, data center, vehicle, and professional visualization industries. It also offers solutions for design and visualization, edge computing, high-performance computing, autonomous vehicles, data centers, artificial intelligence, and data science. For consumers, professionals, researchers, and developers, NVIDIA offers products under the GeForce NOW, Quadro, GeForce, SHIELD, vGPU, DOCA, JESTON, and Bluefield brand names. A wide range of industries are served by the company's services, including those in architecture, engineering, construction, internet, cybersecurity, energy, financial services, healthcare, and life sciences, as well as those in education, gaming, manufacturing, media and entertainment, retail, robotics, telecommunication, and transportation. It runs businesses in the Americas, Asia-Pacific, and Europe. NVIDIA is headquartered in Santa Clara, California, in the US.

Lenovo Group Ltd. is a manufacturer of consumer, commercial, and corporate technologies. The company manufactures and markets IT-related products, including servers, mainframes, personal computers, mobile devices, and accessories. Its product line includes gaming PCs, cellphones, servers, laptops and ultrabooks, tablets, desktops, storage systems, and accessories. Lenovo markets its devices through the ThinkPad, ThinkBook, IdeaPad, Yoga, Motorola, and Legion names. There is also a selection of software and services available. K–12 education, higher education, health, small and medium-sized businesses, significant organizations, and commercial partners are all served by the corporation. It operates production facilities in Mexico, India, and China in addition to research facilities in the US, China, and Japan. The corporation operates in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Lenovo's headquarters are in Quarry Bay, Hong Kong.

Key Companies in the Accelerator Card market include

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  NVIDIA Corporation

  
  


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  Intel Corporation

  
  


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  Leap Motion

  
  


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  Ditto Labs

  
  


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  Cypress Semiconductor Corporation.

  
  


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  IBM

  
  


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  Alphabet Inc.

  
  


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  Advanced Micro Devices, Inc

  
  


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  Achronix Semiconductor Corporation

  
  


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  Lenovo

  
  


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  SiliconBlue Technologies

  
  


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  Microsemi

  
  


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  Algolux

  
  


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  Oracle

  
  


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  Xilinx

  
  


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  Mad Street Den Inc

  
  


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  Lattice Semiconductor

  
  


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  Vantis PLC

  
  

Accelerator Card Industry Developments

In 2020: An industry leader in technology and a specialist in semiconductor design, Arm, was acquired by NVIDIA. With the combination of NVIDIA's experience in GPUs and Arm's chip designs and ecosystem, this acquisition has the potential to completely transform the market for accelerator cards.

Accelerator Card Market Segmentation:

Accelerator Card Processor Type Outlook

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  Central Processing Units (CPU)

  
  


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  Graphics Processing Units (GPU)

  
  


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  Field-Programmable Gate Arrays (FPGA)

  
  


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  Application-specific Integrated Circuit (ASIAC)

  
  

Accelerator Card Accelerator Type Outlook

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  High-performance Computing Accelerator

  
  


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  Cloud Accelerator

  
  

Accelerator Card Application Outlook

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  Video And Image Processing

  
  


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  Machine Learning

  
  


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  Data Analytics

  
  


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  Mobile Phones

  
  


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  Others

  
  

Accelerator Card Regional Outlook

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  North America

  
  
  
  
  • U.S.
  
  
  • Canada
  
  
  
  

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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe  
  
  
  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America