The South & Central America graphics processing unit (GPU) market is expected to grow from US$ 1,760.97 million in 2022 to US$ 13,271.92 million by 2030. It is estimated to register a CAGR of 28.7% from 2022 to 2030.
Deployment in Emerging Applications Such as AI and ML Fuels South & Central America Graphics Processing Unit (GPU) Market
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. This has helped to mitigate the impact of broader semiconductor industry challenges related to US-China trade tensions and chip shortages across the world.
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.
South & Central America Graphics Processing Unit (GPU) Market Overview
The gaming industry is one of the largest consumers of GPUs. As the gaming market in South America (SAM) continues to grow, the demand for GPUs will also grow. In South & Central America, there are 112 data center facilities with 1,725,113 sqft and 512 megawatts. The largest data center in the region is Google Quilicura (Santiago), Chile, with 80 megawatts. There are currently three data centers under construction in South & Central America. Data centers increasingly use GPUs for a variety of tasks, including machine learning, data analytics, and video processing. Thus, the rising number of data centers across the region propels the demand for GPUs. Also, the increasing adoption of AI and ML bolsters the GPU market growth in South & Central America. Growing demand for smartphones propels the graphics processing unit (GPU) market growth in Brazil. According to US-based mobile analytics, monetization, and advertising company Flurry, with a 46% smartphone penetration rate, Brazil is a growing market for original equipment manufacturers (OEMs) and app developers. Further, increasing inclination toward mobile gaming among individuals also bolsters the market growth in Brazil. According to the Financial Express, Brazil has witnessed a surge in the popularity of mobile gaming, with about 4.6 billion mobile game downloads in 2022.
South & Central America Graphics Processing Unit (GPU) Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Graphics Processing Unit (GPU) Market Segmentation
The South & Central America graphics processing unit (GPU) market is segmented into type, application, and country.
Based on type, the South & Central America graphics processing unit (GPU) market is segmented into dedicated, integrated, and hybrid. The integrated segment held the largest share of the South & Central America graphics processing unit (GPU) market in 2022.
In terms of application, the South & Central America 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 South & Central America graphics processing unit (GPU) market in 2022.
Based on country, the South & Central America graphics processing unit (GPU) market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America graphics processing unit (GPU) market in 2022.
Advanced Micro Devices Inc, ASUSTek Computer Inc, Imagination Technologies Ltd, Intel Corp, NVIDIA Corp, Qualcomm Inc, and Samsung Electronics Co Ltd are some of the leading companies operating in the South & Central America graphics processing unit (GPU) market.
South & Central America Graphics Processing Unit (GPU) Market Strategic Insights
South & Central America Graphics Processing Unit (GPU) Market Report Highlights
| Report Attribute | Details |
| Market size in 2022 | US$ 1,760.97 Million |
| Market Size by 2030 | US$ 13,271.92 Million |
| CAGR (2022 - 2030) | 28.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
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Regions and Countries Covered
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| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
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South & Central America Graphics Processing Unit (GPU) Market Country and Regional Insights
