From the explosive growth of AI driving data center revenue to seismic shifts in gaming GPU sales, the global GPU market, which is poised to more than double from $40.2 billion to $119.5 billion by 2027, is experiencing a period of unprecedented transformation and opportunity.
Key Takeaways
- The global GPU market size was valued at USD 40.2 billion in 2020 and is projected to reach USD 119.5 billion by 2027, growing at a CAGR of 17.0%.
- The GPU as a Service (GPUaaS) market is expected to grow from $3.2 billion in 2022 to $13.5 billion by 2028 at a CAGR of 27.5%.
- GPU market in Asia-Pacific is projected to grow at 18.5% CAGR from 2023-2030.
- Discrete GPU shipments worldwide reached 74.2 million units in Q4 2022, marking a 15% increase year-over-year.
- Total discrete desktop GPU shipments for 2022 were 231 million units, down 12% from 2021.
- Add-in-board (AIB) GPU shipments fell 23% sequentially in Q1 2023 to 57 million units.
- NVIDIA reported quarterly revenue of $26.0 billion for Q1 FY2024, up 19% from the previous quarter.
- NVIDIA's gross margin for Q4 FY2023 was 73.0%, up from 64.9% in the prior year.
- AMD's data center revenue hit $1.7 billion in Q1 2023, driven by MI300 GPUs.
- Data center GPU revenue surged to $10.3 billion in NVIDIA's Q1 FY2024, representing 45% of total revenue.
- H100 Tensor Core GPUs accounted for over 80% of NVIDIA's data center GPU sales in early 2023.
- A100 GPUs powered 70% of top supercomputers on TOP500 list in June 2023.
- AMD's Radeon GPUs held 17% market share in the discrete gaming GPU segment in Q4 2022.
- Global gaming GPU market revenue reached $28.6 billion in 2022.
- Integrated GPUs in laptops grew to 65% of total laptop GPU shipments in 2022.
The global GPU market is booming, driven especially by explosive demand for AI applications.
AI and Data Center GPUs
- Data center GPU revenue surged to $10.3 billion in NVIDIA's Q1 FY2024, representing 45% of total revenue.
- H100 Tensor Core GPUs accounted for over 80% of NVIDIA's data center GPU sales in early 2023.
- A100 GPUs powered 70% of top supercomputers on TOP500 list in June 2023.
- Blackwell B100 GPU offers 4x performance over H100 for AI training workloads.
- DGX H100 systems deliver 32 petaFLOPS of AI performance per unit.
- Hopper architecture GPUs like H100 provide 9x speedup in large language model inference.
- A40 GPU offers 37.4 TFLOPS FP32 performance for professional visualization.
- L40S GPU delivers 91 TFLOPS for generative AI inference.
- Grace Hopper Superchip combines CPU+GPU with 1TB/s bandwidth.
- MI300X GPU offers 2.6x better inference performance than H100.
- RTX A6000 GPU provides 38.7 TFLOPS for CAD workloads.
- H200 GPU increases memory to 141GB HBM3e for larger models.
- L4 GPU efficiency 2.5x better than A10 for inference.
- GB200 NVL72 rack delivers 1.8 exaFLOPS AI performance.
- Instinct MI250X offers 383 TFLOPS FP16 for HPC.
- TensorRT-LLM accelerates inference 4x on H100.
- Hopper H100 SXM has 700W TDP and 3.35TB/s bandwidth.
- BlueField-3 DPU with GPU offload for networking.
- DGX B200 with Blackwell 30x faster than A100.
- Ampere A100 19.5 TFLOPS FP64 for scientific computing.
- Grace CPU + Hopper GPU superchip NVLink 900GB/s.
- H800 GPU for China market with reduced export controls performance.
- Rubin R100 GPU architecture announced for 2026.
AI and Data Center GPUs Interpretation
NVIDIA's data center dominance is now quantified by your quarterly revenue getting a $10 billion sugar rush, while their H100 chip essentially runs the AI party that everyone else is desperately trying to crash.
Discrete GPU Shipments
- Discrete GPU shipments worldwide reached 74.2 million units in Q4 2022, marking a 15% increase year-over-year.
- Total discrete desktop GPU shipments for 2022 were 231 million units, down 12% from 2021.
- Add-in-board (AIB) GPU shipments fell 23% sequentially in Q1 2023 to 57 million units.
- Discrete GPU attach rate in gaming PCs was 42% in 2022.
- Q2 2023 AIB GPU shipments rose 8% QoQ to 61 million units.
- Annual discrete GPU shipments declined 17% in 2022 to 255 million units.
- OEM GPU shipments for notebooks hit 45 million in Q3 2022.
- Discrete GPU market grew 5% YoY in Q3 2022 with 64 million units shipped.
- AIB partner GPU shipments dropped 30% YoY in Q1 2023.
- Desktop discrete GPU shipments were 48 million units in 2022.
- Mobile discrete GPU shipments grew 20% to 12 million in Q4 2022.
- Total AIB GPU shipments for 2023 projected at 240 million units.
- Discrete GPU ASP averaged $220 in mainstream segment 2022.
- Q4 2023 discrete GPU shipments up 12% to 70 million units.
- Jon Peddie Research reports 250 million GPU shipments in 2023.
- Mobile AIB GPU shipments 15 million units Q1 2023.
- Desktop AIB shipments down 25% YoY Q2 2023.
- Notebook discrete GPU attach rate 22% in 2022.
- Q3 2023 GPU shipments 68 million units, up 10% QoQ.
- Add-in GPU market share Intel 5% in discrete 2023.
- 2023 full year discrete shipments estimated 260M units.
- Laptop GPU shipments 180M units 2023 including integrated.
- Q1 2024 GPU shipments 65M units flat QoQ.
Discrete GPU Shipments Interpretation
While discrete GPU sales saw a volatile rollercoaster through 2022 and 2023—marked by sharp quarterly plunges, a general desktop decline, and a stubbornly hopeful mobile segment—the market seems to be stubbornly hauling itself, unit by expensive unit, back onto a bumpy path of growth, proving that our collective need for pixels remains a powerful, if fickle, force.
Gaming and Consumer GPUs
- AMD's Radeon GPUs held 17% market share in the discrete gaming GPU segment in Q4 2022.
- Global gaming GPU market revenue reached $28.6 billion in 2022.
- Integrated GPUs in laptops grew to 65% of total laptop GPU shipments in 2022.
- RTX 40-series GPUs captured 80% of high-end gaming GPU sales in Q1 2023.
- Mobile gaming GPUs saw 25% shipment growth in 2022 to 150 million units.
- Gaming monitor shipments with NVIDIA G-SYNC support reached 12 million in 2022.
- Steam Hardware Survey showed RTX 3060 as top GPU at 8.5% share in Jan 2023.
- AMD GPUs in esports PCs reached 22% adoption in pro gaming teams 2023.
- PlayStation 5 GPU utilization averages 95% in demanding titles.
- NVIDIA DLSS 3 adoption in new games reached 100 titles by mid-2023.
- Xbox Series X GPU based on RDNA 2 with 12 TFLOPS compute.
- Steam Survey RTX 4090 share reached 1.2% in top 1% GPUs by Q1 2024.
- AMD FSR 3 frame generation in 50+ games by end 2023.
- Laptop gaming GPUs with 8GB+ VRAM share 35% in 2023.
- NVIDIA Reflex reduces latency by 50% in 100+ games.
- 4K gaming GPU penetration 15% in consumer PCs 2023.
- GeForce NOW cloud gaming users 25 million monthly 2023.
- AMD Adrenalin software users 500 million downloads.
- VR headset GPU requirements met by 40% of Steam users.
- Radeon RX 7900 XTX 24GB GDDR6 for 4K ray tracing.
- eSports GPU sponsorship NVIDIA 60% market share.
- Frame Generation tech boosts FPS 4x in Cyberpunk 2077.
- Handheld gaming PC GPU shipments 5M units 2023.
Gaming and Consumer GPUs Interpretation
While AMD gamely holds a spirited 17% of the gaming GPU battlefield and integrated graphics quietly conquer the laptop frontier, NVIDIA's technological vanguard, from its dominant RTX 40-series to pervasive DLSS adoption, continues to decisively shape the high-stakes, billion-dollar arena where every frame and sponsorship dollar is fiercely contested.
Market Growth and Size
- The global GPU market size was valued at USD 40.2 billion in 2020 and is projected to reach USD 119.5 billion by 2027, growing at a CAGR of 17.0%.
- The GPU as a Service (GPUaaS) market is expected to grow from $3.2 billion in 2022 to $13.5 billion by 2028 at a CAGR of 27.5%.
- GPU market in Asia-Pacific is projected to grow at 18.5% CAGR from 2023-2030.
- Worldwide GPU market revenue expected to hit $61 billion in 2023.
- GPU demand from cryptocurrency mining dropped 90% post-2022 crypto crash.
- Discrete GPU market share of NVIDIA was 88% in Q4 2022.
- GPU IP market projected to reach $8.5 billion by 2028 at 12% CAGR.
- High-end GPU ASP rose 35% to $650 in 2022 due to shortages.
- Edge AI GPU market to grow from $1.2B in 2022 to $6.8B by 2030.
- GPU cloud computing market valued at $4.1 billion in 2023.
- Professional GPU market revenue hit $3.4 billion in 2022.
- Hyperscale GPU deployments expected to double to 5 million units by 2025.
- Gaming GPU market CAGR forecasted at 15.2% to 2030.
- AI GPU market share of NVIDIA 95% in training segment 2023.
- GPU shortage impacted 40% of PC builders in 2021-2022.
- Discrete GPU revenue $52 billion globally in 2023.
- China GPU market grew 25% to $10B in 2022.
- Professional workstation GPU market $4B in 2023 forecast.
- AI chiplet GPU designs to capture 20% market by 2027.
- GPU recycling rate in industry 75% for e-waste in 2022.
- Semiconductor GPU fabrication capacity utilization 92% in 2023.
- Quantum computing simulators use GPUs 10x faster simulation.
- Metaverse GPU demand forecast $15B by 2028.
Market Growth and Size Interpretation
While NVIDIA's iron grip on the AI training arena is the obvious headline, the real plot twist is that we're all quietly funding the GPU industrial revolution—from the gaming rigs we covet and the cloud instances we rent to the future AI whispering from our very own pockets.
Revenue and Financials
- NVIDIA reported quarterly revenue of $26.0 billion for Q1 FY2024, up 19% from the previous quarter.
- NVIDIA's gross margin for Q4 FY2023 was 73.0%, up from 64.9% in the prior year.
- AMD's data center revenue hit $1.7 billion in Q1 2023, driven by MI300 GPUs.
- NVIDIA's gaming segment revenue was $2.2 billion in Q1 FY2024, down 38% YoY.
- Intel Arc GPUs generated $500 million revenue in first year of launch by Q1 2024.
- AMD Radeon RX 7000 series revenue exceeded $1 billion in first six months.
- NVIDIA's automotive GPU revenue grew 11% to $238 million in Q1 FY2024.
- Intel's Data Center GPU revenue was $300 million in Q4 2023.
- NVIDIA professional visualization revenue was $459 million in Q1 FY2024.
- AMD's client GPU revenue fell 14% to $1.5 billion in Q4 2023.
- NVIDIA Omniverse revenue contributed $100 million in FY2023.
- Intel Gaudi3 AI accelerator revenue forecasted at $2B by 2025.
- NVIDIA data center GPUs shipped 3.5 million units in 2023 estimate.
- AMD embedded GPU revenue $400 million in FY2023.
- NVIDIA Q2 FY2024 revenue $30 billion, up 122% YoY.
- Intel Arc A770 retail price averaged $300 in 2023.
- AMD gaming GPU revenue $3.1B in FY2023.
- NVIDIA net income $12.3B in Q1 FY2024.
- Intel Ponte Vecchio GPU 1056 Xe-cores in Aurora supercomputer.
- NVIDIA R&D spend $7.3B in FY2023.
- AMD Q4 2023 data center revenue $2.2B.
- NVIDIA market cap exceeded $1 trillion in May 2023.
- Intel Battlemage Arc GPUs launch Q4 2024 revenue target $1B.
Revenue and Financials Interpretation
Here is the sentence:
While NVIDIA enjoys a gold rush in the data center, it's clear the race for the future of computing is a three-horse affair, with AMD and Intel stubbornly building their stables for the long haul.
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