The Europe graphics processing unit (GPU) market is expected to grow from US$ 7,779.62 million in 2022 to US$ 67,809.82 million by 2030. It is estimated to register a CAGR of 31.1% from 2022 to 2030.
Increasing Traction in Virtual Reality and Augmented Reality Drives Europe Graphics Processing Unit (GPU) Market
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.
Many companies demonstrate 5G VR technologies. NVIDIA and several partners announced the successful demonstration of a proof of concept that utilizes edge computing and 5G-enabled VR technology to allow two engineering teams located ~70 miles apart to work as if they were in the same room. The project is being carried out at Hyperbat, the UK's largest independent manufacturer of electric vehicle batteries. Engineers from Wantage and Coventry at the company can work on a 1:1-scale digital twin of an EV battery at the same time. Thus, the wide adoption of AR and VR technologies in various industries bolsters the demand for powerful GPUs.
Europe Graphics Processing Unit (GPU) Market Overview
The GPU market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The growing gaming industry and rising use of graphics processing units (GPU) in defense and intelligence applications boost the market growth across the region. Additionally, the rise in demand for video games has broadened the scope of the GPU market. In Europe, the use of GPUs is anticipated to grow due to the rising adoption of portable computer devices such as smartphones and laptops. Furthermore, technical improvements in graphics processing units propel their adoption in Europe.
Aside from that, manufacturers implement powerful graphic computer systems for applications such as an AR and VR. As a result, the graphics processing unit market reports growth in Europe. Additionally, major players such as AMD, Nvidia, and Intel operate in the GPU market in Europe.
Europe Graphics Processing Unit (GPU) Market Revenue and Forecast to 2030 (US$ Million)
Europe Graphics Processing Unit (GPU) Market Segmentation
The Europe graphics processing unit (GPU) market is segmented into type, application, and country.
Based on type, the Europe graphics processing unit (GPU) market is segmented into dedicated, integrated, and hybrid. The integrated segment held the largest share of the Europe graphics processing unit (GPU) market in 2022.
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 the largest share of the Europe graphics processing unit (GPU) market in 2022.
Based on country, the Europe graphics processing unit (GPU) market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe graphics processing unit (GPU) market in 2022.
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 are some of the leading companies operating in the Europe graphics processing unit (GPU) market.
Europe Graphics Processing Unit (GPU) Market Strategic Insights
Europe Graphics Processing Unit (GPU) Market Report Highlights
| Report Attribute | Details |
| Market size in 2022 | US$ 7,779.62 Million |
| Market Size by 2030 | US$ 67,809.82 Million |
| CAGR (2022 - 2030) | 31.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
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Regions and Countries Covered
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| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Graphics Processing Unit (GPU) Market Country and Regional Insights
