At 32.6% CAGR, North America Graphics Processing Unit (GPU) Market is Projected to be Worth US$ 1,11,141.30 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America graphics processing unit (GPU) market was valued at US$ 11,618.57 million in 2022 and is expected to reach US$ 1,11,141.30 million by 2030, registering a CAGR of 32.6% from 2022 to 2030. Rising demand for high-end personal computing devices such as laptops and rising adoption of cloud computing are among the critical factors attributed to the North America graphics processing unit (GPU) market expansion.

GPUs are increasingly used in the cloud infrastructure to speed up an expansive range of applications, including ML and AI, analytics and data science, scientific computing, and graphics and media production. The increasing adoption of cloud computing makes it easy and affordable for businesses and individuals to access GPU resources.

Furthermore, companies such as Nvidia explore their footprints in cloud computing, advanced medical imaging for cancer treatment, customer assistance that is automated, gaming of cinematic quality. AI, high-performance computing (HPC), and graphics skills are pushing the boundaries of what is feasible, and now that NVIDIA's GPU-accelerated solutions are accessible on all major cloud platforms, innovators anywhere may easily access huge amounts of power on demand.

Moreover, a number of companies, such as Nvidia, have a hybrid cloud computing strategy, combining on-premises and cloud-based resources. This allows them to scale their GPU resources up or down as needed. This factor would propel the GPU market growth as many individuals use GPUs to expedite their work. This is making GPU computing more accessible than ever before. Thus, the increasing adoption of cloud computing is expected to become a major trend in the GPU market during the forecast period.

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

Based on type, the North America graphics processing unit (GPU) market is segmented into dedicated, integrated, and hybrid. The integrated segment held 63.7% share of North America graphics processing unit (GPU) market in 2022, amassing US$ 7,403.60 million. It is projected to garner US$ 72,351.88 million by 2030 to expand at 33.0% CAGR during 2022-2030.

Based on application, the North America graphics processing unit (GPU) market is segmented into tablet, computer, smartphone, gaming console, television, and others. The smartphone segment held 35.0% share of North America graphics processing unit (GPU) market in 2022, amassing US$ 4,061.64 million. It is projected to garner US$ 43,514.69 million by 2030 to expand at 34.5% CAGR during 2022-2030.

Based on country, the North America graphics processing unit (GPU) market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 65.6% share of North America graphics processing unit (GPU) market in 2022. It was assessed at US$ 7,619.15 million in 2022 and is likely to hit US$ 74,686.96 million by 2030, exhibiting a CAGR of 33.0% during 2022-2030.

Key players operating in the North America 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 June 2023, Intel introduced the Intel Arc Pro A60 and Pro A60M as new members of the Intel Arc Pro A-series professional range of graphics processing units (GPUs). The new products are a significant step up in performance in the Intel Arc Pro family. They are carefully designed for professional workstation users with up to 12GB of video memory (VRAM) and support for four displays with high dynamic range (HDR) and Dolby Vision support.
  
  
• In February 2023, Apple worked with AMD to produce new Mac Pro computers with the most powerful graphics card ever found in an Apple computer. The Radeon Pro W6800X Duo had long been exclusive to Apple hardware until der8auer discovered a way to use the GPU outside the Apple ecosystem.
  
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