Asia Pacific Graphics Processing Unit (GPU) Market
Published On: Jun 2024
Published On: Jun 2024
At 33.8% CAGR, Asia Pacific Graphics Processing Unit (GPU) Market is Projected to be Worth US$ 1,91,827.52 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Asia Pacific graphics processing unit (GPU) market was valued at US$ 18,677.13 million in 2022 and is expected to reach US$ 1,91,827.52 million by 2030, registering a CAGR of 33.8% from 2022 to 2030. Rising demand for high-end personal computing devices such as laptops and increasing traction in virtual reality and augmented reality are among the critical factors attributed to the Asia Pacific graphics processing unit (GPU) market expansion.
Virtual Reality (VR) and Augmented Reality (AR) are two new technologies that are gaining popularity in a variety of industries, including gaming, healthcare, entertainment, and education. VR and AR devices require powerful graphics processing units (GPUs) to display immersive and realistic experiences, as GPUs are responsible for creating the complicated 3D graphics and real-time effects required for VR and AR experiences. VR and AR games are becoming increasingly popular, and many of the latest VR and AR headsets require powerful GPUs to run. This is because VR and AR games require the rendering of complex 3D worlds and characters in real time. In the entertainment industry, VR and AR are being used to create immersive experiences for movies, TV shows, and music videos. This is another area where powerful GPUs are required to render the high-quality graphics that are needed for these experiences. In the education sector, students can experience different historical periods or explore the human body in detail using VR devices. AR can be used to overlay digital information in the real world, such as providing students with labels for plants and animals. Thus, increasing use of VR and AR in education propels the demand for GPUs.
On the contrary, declining sales of desktop computers hamper the growth of Asia Pacific graphics processing unit (GPU) market.
Based on type, the Asia Pacific graphics processing unit (GPU) market is segmented into dedicated, integrated, and hybrid. The integrated segment held 67.5% share of Asia Pacific graphics processing unit (GPU) market in 2022, amassing US$ 12,605.96 million. It is projected to garner US$ 1,31,406.35 million by 2030 to expand at 34.0% CAGR during 2022-2030.
In terms of application, the Asia Pacific graphics processing unit (GPU) market is categorized into tablet, computer, smartphone, gaming console, television, and others. The smartphone segment held 35.0% share of Asia Pacific graphics processing unit (GPU) market in 2022, amassing US$ 6,542.44 million. It is projected to garner US$ 74,448.64 million by 2030 to expand at 35.5% CAGR during 2022-2030.
Based on country, the Asia Pacific graphics processing unit (GPU) market has been categorized into China, Japan, South Korea, Australia, India, and the Rest of Asia Pacific. Our regional analysis states that China captured 42.7% share of Asia Pacific graphics processing unit (GPU) market in 2022. It was assessed at US$ 7,966.42 million in 2022 and is likely to hit US$ 86,833.92 million by 2030, exhibiting a CAGR of 34.8% during 2022-2030.
Key players operating in the Asia Pacific graphics processing unit (GPU) market are Advanced Micro Devices Inc, Apple Inc, ASUSTek Computer Inc, EVGA Corp, Imagination Technologies Ltd, Intel Corp, NVIDIA Corp, Qualcomm Inc, Samsung Electronics Co Ltd, and SAPPHIRE Technology Ltd, among others.
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