US Graphics Processing Unit Market Size was valued at USD 13.8 Billion in 2022. The graphics processing unit market industry is projected to grow from USD 18.42 Billion in 2023 to USD 185.870 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 33.50% during the forecast period (2024 - 2032). Major market drivers propelling the growth of the US Graphics Processing Unit Market over the forecast period include the development of artificial intelligence (AI) technology, the real-time analysis trend, and the growing demand for high graphics and computing applications.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
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 US Graphics Processing Unit Market segmentation, based on type, includes Discrete GPUs and Integrated GPUs. The integrated GPUs segment dominated the market mostly. Integrated GPUs are widely utilized for routine tasks like social networking and web browsing, as well as resource-light tasks like document editing, spreadsheets, and project management software. Thus, during the projected period, these factors are expected to increase demand for integrated segments, which would propel the growth of the market focus.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The US Graphics Processing Unit Market segmentation, based on application, includes Desktop, Mobile PC, Workstation, Server/Datacenter, Automotive/Self-driving Vehicles, and Other Applications. The mobile PC category generated the most income. The growing segment can be ascribed to the substantial need for robust and low-power consumption GPUs, which in turn encourage the development of integrated GPUs in the mobile PC. Additionally, the development of devices that allow AR and VR by smartphone makers is expected to present a large opportunity for the mobile PC GPU industry.
Over the course of the projection period, the graphic processing units (GPU) market in the United States is expected to rise at a considerable CAGR. The principal catalysts for growth are the increasing use of portable computing devices like laptops and smartphones, as well as the technological developments in GPUs. Additionally, the Entertainment Software Body (ESA), the trade body for the video game industry, reports that more Americans are playing video games.
Furthermore, the most popular gaming devices are smartphones, which PCs and game consoles follow. For instance, a survey conducted in February 2021 found that nearly 57% of American gamers used their smartphones for video game gaming. These factors make faster GPUs more necessary for the effective operation of PCs, game consoles, and smartphones. Furthermore, the nation is home to a number of international GPU companies. These elements have rich growth prospects.
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.
Nvidia Corporation
Imagination Technologies Group
Advanced Micro Devices Inc.
EVGA Corporation
SAPPHIRE Technology Limited
Arm Limited (soft Bank Group)
Qualcomm Technologies Inc.
April 2023: One of the world's top producers of cutting-edge semiconductor technology, Samsung Electronics, and AMD have extended their multi-year agreement so that AMD can provide multiple generations of extremely low-power, high-performance Radeon graphics solutions to a wider range of Samsung Exynos SoCs. Samsung would provide additional mobile devices with optimal power usage and graphics quality comparable to consoles through the licensing extension, resulting in an extended gaming experience.
March 2022: Graphics Processing Units (GPUs) for laptops and desktop PCs were introduced by Intel in the Arc series. Laptops equipped with the Arc 5 and Arc 7 GPUs are meant for sophisticated, high-end gaming, while the Arc 3 GPUs are meant for improved gaming and content production.
Discrete GPUs
Integrated GPUs
Desktop
Mobile PC
Workstation
Server/Datacenter
Automotive/Self-driving Vehicles
Other Applications
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 13.8 Billion |
| Market Size 2023 | USD 18.42 Billion |
| Market Size 2032 | USD 185.870 Billion |
| Compound Annual Growth Rate (CAGR) | 33.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Countries Covered | United States |
| Key Companies Profiled | 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. |
| Key Market Opportunities | Increasing use of GPUs to enable cloud-based analytics apps |
| Key Market Dynamics | Rising demand in the United States for GPUs with large memories Integrated GPUs are widely used in portable electronics |
Frequently Asked Questions (FAQ) :
The US Graphics Processing Unit Market size was valued at USD 18.42 Billion in 2023.
The market is projected to grow at a CAGR of 33.50% during the forecast period, 2024-2032.
The key players in the market are 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., among others.
The integrated GPUs category dominated the market in 2023.
The mobile PC category had the largest share of the market.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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