At 31.1% CAGR, Europe Graphics Processing Unit (GPU) Market is Projected to be Worth US$ 67,809.82 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe graphics processing unit (GPU) market was valued at US$ 7,779.62 million in 2022 and is expected to reach US$ 67,809.82 million by 2030, registering a CAGR of 31.1% from 2022 to 2030. Rising demand for high-end personal computing devices such as laptops and deployment in emerging applications such as AI and ML are among the critical factors attributed to the Europe graphics processing unit (GPU) market expansion.

GPUs are increasingly being used for a wide range of gaming applications, including machine learning (ML), artificial intelligence (AI), and data science. AI and ML algorithms are increasingly being used in a variety of applications, such as natural language processing, image recognition, and data mining. These algorithms require powerful GPUs to train and run. Also, these applications are becoming increasingly popular in a variety of industries such as healthcare, finance, and manufacturing.

Several companies such as NVIDIA and AMD introduce new and innovative AI technologies. Nvidia's latest earnings beat indicates a new phenomenon in the GPU industry. Technology is now at the heart of the artificial intelligence boom. Nvidia is finally reaping the benefits of its early AI investment as the engine powers large language models (LLMs) such as ChatGPT. In August 2023, NVIDIA announced a new configuration for its advanced AI chips, which is intended to accelerate generative AI applications. According to Nvidia, the latest version of the Grace Hopper Superchip enhances the quantity of high-bandwidth memory, allowing the architecture to power larger AI models. The design is optimized for AI inference functions, which effectively power generative AI applications, including ChatGPT. In June 2023, AMD announced its most advanced GPU for AI, the MI300X. The company will start shipping it to some customers later this year. Therefore, owing to the above parameters, the deployment of emerging applications such as AI and ML is expected to offer lucrative opportunities for the GPU market in the coming years.

On the contrary, declining sales of desktop computers hamper the growth of Europe graphics processing unit (GPU) market.

Based on type, the Europe graphics processing unit (GPU) market is segmented into dedicated, integrated, and hybrid. The integrated segment held 66.5% share of Europe graphics processing unit (GPU) market in 2022, amassing US$ 5,174.01 million. It is projected to garner US$ 45,957.88 million by 2030 to expand at 31.4% CAGR during 2022-2030.

In terms of application, the Europe graphics processing unit (GPU) market is categorized into tablet, computer, smartphone, gaming console, television, and others. The smartphone segment held 36.2% share of Europe graphics processing unit (GPU) market in 2022, amassing US$ 2,815.05 million. It is projected to garner US$ 26,937.73 million by 2030 to expand at 32.6% CAGR during 2022-2030.

Based on country, the Europe graphics processing unit (GPU) market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.5% share of Europe graphics processing unit (GPU) market in 2022. It was assessed at US$ 1,905.78 million in 2022 and is likely to hit US$ 17,906.43 million by 2030, exhibiting a CAGR of 32.3% during 2022-2030.

Key players operating in the Europe 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.

• In August 2023, Nvidia announced a new configuration for its advanced artificial intelligence chips that is designed to speed generative AI applications. Nvidia's Grace Hopper Superchip design stitches together one of the company's H100 graphics processing units (GPU) with an Nvidia-designed central processor.
  
  
• In January 2023, Apple announced M2 Pro and M2 Max, two next-generation SoCs (systems on a chip) that take the breakthrough power-efficient performance of Apple silicon to new heights. M2 Pro scales up the architecture of M2 to deliver an up to 12-core CPU and up to 19-core GPU, together with up to 32GB of fast unified memory. M2 Max builds on the capabilities of M2 Pro, including an up to 38-core GPU, double the unified memory bandwidth, and up to 96GB of unified memory.
  
  Contact Us
  Phone: +16467917070
  Email Id: sales@businessmarketinsights.com