US Graphics Processing Unit Market

Growth in Cancer Research Funding and Investments to Boost the Market Growth

In order to enable IoT, GPU is a necessary system. A seamless, feature-rich IoT interface that is available to all industries is made possible by GPU. GPUs are used in Internet of Things applications such as dynamic 3D user interfaces and 3D graphics for user interface composite processing. Technological developments in integrated and hybrid GPUs can enable IoT systems to meet optimal requirements with acceptable form factors and very low power consumption, making them appropriate for battery-operated devices. 

Furthermore, a GPU is a fundamental component needed for many of the IoT's portable electronics goods, including wearable technology, laptops and tablets, digital cameras and camcorders, cellphones, and domestic gadgets. Therefore, it is anticipated that the graphics processing unit sector in the United States will benefit from the growing popularity of the IoT market.

The growing usage of consumer electronics is anticipated to boost the market growth in the US Graphics Processing Unit Market over the forecast period. For instance, with more than 310 million smartphone users as of 2023, the United States has one of the largest smartphone industries in the world. The smartphone penetration rate in the United States has increased steadily over the previous several years, reaching approximately 92 percent in 2023, in accordance with the global smartphone industry's overall expansion. 

Consumer electronics such as laptops, tablets, smartphones, handheld game consoles, and many more are equipped with integrated GPUs. They expand the equipment's lifespan, are more portable, and consume less electricity. These work perfectly for 3D or 2D gaming applications and HD picture processing. However, platforms for artificial intelligence, supercomputers, PlayStations, and VR & AR systems should not use integrated GPUs if intense graphic computing is needed.

Though major players in the market are researching ways to help integrate GPUs advance and become compatible with high graphic processing, the incapacity of integrated GPUs to support intensive graphic designing software is anticipated to be overcome during the forecast period. Thus, driving the graphics processing unit market revenue.

The Global US Graphics Processing Unit Market Industry experiences a surge in demand driven by the gaming sector. As gaming technology evolves, consumers seek high-performance GPUs to enhance their gaming experiences. In 2024, the market is projected to reach 215 USD Billion, reflecting the growing consumer base and the increasing complexity of games. The rise of virtual reality and augmented reality gaming further propels this demand, as these technologies require advanced graphics capabilities. Consequently, manufacturers are investing in research and development to produce GPUs that meet these evolving requirements, indicating a robust growth trajectory for the industry.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the graphics processing unit market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their 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, the graphics processing unit industry must offer cost-effective items.

Major players in the graphics processing unit market are attempting to increase market demand by investing in research and development operations, including Intel Corporation, Nvidia Corporation, Imagination Technologies Group, Advanced Micro Devices Inc., Samsung Electronics Co. Ltd, EVGA Corporation, SAPPHIRE Technology Limited, Arm Limited (soft Bank Group), and Qualcomm Technologies Inc.