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Graphics Processing Unit (GPU) Market Trends

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

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Graphics Processing Unit Market Trends

Autonomous vehicles use computer vision, lidar, radar, and sensor fusion to interpret their environment. This data must be processed in real time, and GPUs are essential for handling this task. NVIDIA’s DRIVE platform supports autonomous driving technologies and is utilized by leading automotive manufacturers such as Tesla, Audi, Toyota, and Volvo. The DRIVE platform leverages GPUs to process data from sensors and cameras, enabling AI-based decision-making. For instance, in September 2024, Volvo launched the EX90, a software-driven vehicle developed in collaboration with NVIDIA.

The EX90 features an advanced computing system that employs the NVIDIA DRIVE Orin system-on-a-chip (SoC), capable of processing over 250 trillion operations per second (TOPS). Additionally, Volvo announced plans to incorporate the NVIDIA DRIVE Thor platform in future models, which offers up to 1,000 TOPS. The integration of DRIVE Thor, which includes the NVIDIA Blackwell GPU architecture, will enhance driving assistance and safety features, support autonomous driving, and introduce new AI-based capabilities and in-car experiences, helping to future-proof the next generation of Volvo vehicles.

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.