Graphic Processor Market projected to reach $551.36 billion by 2032, driven by demand for GPUs
The Graphic Processor Market was valued at $62.17 billion in 2023 and is projected to reach $551.36 billion by 2032, with a CAGR of 27.45%. The market is driven by demand for high-performance GPUs in gaming, AI, data centers, and edge computing, with innovations focusing on lifelike graphics and AI acceleration.
In the U.S., the market was valued at $10.94 billion in 2023, expected to reach $99.03 billion by 2032 with a CAGR of 27.70%. U.S. tariffs on goods from China and Vietnam may impact supply chains, but the CHIPs Act will support domestic hardware production for long-term growth.
In 2024, the hardware segment led the market with 49% revenue share, fueled by demand for high-end GPUs in gaming, AI, and data centers. The services segment is projected to grow fastest through 2032, driven by GPU-as-a-Service, cloud gaming, edge computing, and machine learning.
Integrated graphics dominated the market in 2023 with 54% revenue share, while the hybrid graphics segment is expected to grow fastest from 2024 to 2032. Cloud deployment led the market in 2023 with 52% revenue share, driven by cloud gaming and AI workloads.
The consumer electronics segment led the market in 2023 with 39% revenue share, driven by increased GPU penetration in smartphones, tablets, smart TVs, and wearables. The media and entertainment segment is projected to grow fastest from 2024 to 2032, fueled by streaming, VR/AR content, and esports.
In 2023, the Asia-Pacific region led the global market with 45% revenue share, driven by high technology proliferation and strong electronics manufacturing bases. North America is expected to be the fastest-growing region from 2024 to 2032, with major players like NVIDIA, AMD, and Intel driving GPU adoption.
Recent developments include Intel’s new Xeon processors for GPU-accelerated AI workloads and Qualcomm’s new Snapdragon G-series chips with improved performance. SNS Insider is a leading market research agency providing clients with up-to-date market data and insights to make confident decisions.
Read more at GlobeNewswire: Graphic Processor Market Size to Grow USD 551.36 by 2032,