North America Graphics Processing Unit Market Forecast to 2030 - Regional Analysis - by Type and Application

The North America graphics processing unit (GPU) market is expected to grow from US$ 11.61 billion in 2022 to US$ 1,11,141.30 million by 2030. It is estimated to register a CAGR of 32.6% from 2022 to 2030.

Rising Demand for High-End Personal Computing Devices Such as Laptops Fuels North America Graphics Processing Unit (GPU) Market

GPUs are required for high-end graphics. High-end laptop computers are utilized for gaming, video editing, and 3D design. To perform these tasks, high-end laptop computers require a strong GPU to generate complex graphics and provide a smooth user experience. Thus, laptop manufacturers increasingly sell laptops with high-end GPUs as they understand that many users can spend a significant amount on a laptop with a powerful GPU.

Moreover, several companies, such as NVIDIA, Intel, and AMD, stated that they want to stay firm and stable in the competitive market. Therefore, these companies invest heavily in innovative GPU systems for personal computing devices and laptops. In December 2022, NVIDIA, AMD, and Intel announced their latest GPUs. Intel and AMD also introduced their latest CPUs for desktops, offering a complete solution for those who plan to build a custom RIG for personal usage, gaming, and professional workload.

Additionally, in April 2021, NVIDIA announced the availability of eight new NVIDIA Ampere architecture GPUs for next-generation desktops, laptops, and servers, which enables professionals to work from anywhere without sacrificing quality or time. Using the new NVIDIA RTX GPUs, artists can create innovative 3D scenarios, designers can iterate on stunning architectural designs in real time, and engineers can produce innovative products on any system. Thus, rising demand for high-end personal computing devices, such as laptops, with high-end GPUs from gamers and other demanding users drives the GPU market growth.

North America Graphics Processing Unit (GPU) Market Overview

The GPU market in North America is further segmented into the US, Canada, and Mexico. In the region, GPUs are majorly used in gaming, IT, media, entertainment, etc. The GPU market growth is driven by the rising demand for high-end personal computer devices and increasing traction in virtual reality (VR) and augmented reality (AR). Along with this, the governments of several cities such as Austin, Pennsylvania are exploring in the AR and VR. In August 2021, in Austin, Texas, city leaders announced that they use AR and VR to train emergency responders. Philadelphia is exploring VR to make public transport easily accessible. Multiple municipalities in North Carolina look at ways to leverage the technology in support of everything from tourism to workforce development.

The US reports a rise in the number of people playing video games. The number has increased to 216 million in 2022 from 227 million in 2021. A majority of people prefer playing games on their smartphones. Thus, smartphones and mobile devices are ranked first in the gaming industry. The gaming consoles and gaming PCs are ranked afterward. In these systems, there is a high need for GPUs for convenient functioning.

Furthermore, the presence of prominent players such as Apple, Nvidia, etc. has increased the adoption of GPUs. Thus, all the parameters mentioned above propel the GPU market growth in North America. Additionally, several companies such as Nvidia, Apple Inc., Google LLC, IBM Corporation, and Qualcomm Inc. operate in the North American GPU market.

North America Graphics Processing Unit (GPU) Market Revenue and Forecast to 2030 (US$ Million)

North America Graphics Processing Unit (GPU) Market Segmentation

The North America graphics processing unit (GPU) market is segmented into type, application, and country.

Based on type, the North America graphics processing unit (GPU) market is segmented into dedicated, integrated, and hybrid. The integrated segment held the largest share of the North America graphics processing unit (GPU) market in 2022.

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 the largest share of the North America graphics processing unit (GPU) market in 2022.

Based on country, the North America graphics processing unit (GPU) market is segmented into the US, Canada, and Mexico. The US dominated the North America 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 North America graphics processing unit (GPU) market.

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