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Graphics Processing Unit (GPU) Market Share

Report ID: GMI3088
Published Date: Sep 2024
Report Format: PDF

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Graphics Processing Unit Market Share

Nvidia Corporation and Advanced Micro Devices Inc. hold a market share of around 50% in the GPU market in 2023. Nvidia invests heavily in GPUs designed for AI, machine learning, and data centers. This helps the company to cater to industries that require vast computational power for AI model training and high-performance computing (HPC). The company's dominance in the AI market is fueled by the increasing adoption of AI across sectors such as healthcare, autonomous driving, and cloud computing.

AMD focuses on forming strategic partnerships with companies operating in the gaming market. These partnerships give AMD a large revenue base and ensure long-term presence in the gaming industry. By consistently improving its hardware for console gaming, AMD benefits from economies of scale and builds credibility for its consumer GPUs, driving growth across its entire portfolio. Additionally, AMD is focusing on emerging markets like India and China to grow its global footprint.

Graphics Processing Unit Market Companies

Major companies operating in the GPU industry are:

Advanced Micro Devices, Inc.
Amazon Web Services Inc.
ARM Holding
Autodesk Inc.
Imagination Technologies Group
Intel Corporation
Microsoft Corporation
Nvidia Corporation
Qualcomm Technologies
Samsung Electronics Co. Ltd.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of graphics processing unit (GPU) reached USD 52.1 billion in 2023 and will grow at a 27% CAGR between 2024 and 2032, fueled by increasing demand for high-performance computing across industries such as gaming, artificial intelligence (AI), and data analytics.

The gaming segment held around 37% share in 2023, attributed to the increasing demand for high-quality graphics and immersive gaming experiences.

Asia Pacific market captured 40% market share in 2023, driven by the region's booming gaming industry, rapid technological advancements, and increasing adoption of high-performance computing.

Prominent companies including Advanced Micro Devices, Inc., Amazon Web Services Inc., ARM Holding, Autodesk Inc., Imagination Technologies Group, Intel Corporation, Microsoft Corporation, Nvidia Corporation, Qualcomm Technologies, and Samsung Electronics Co. Ltd., are operating in the industry.